PRODIGY GOLD NL — Board/Management Information 2016

Aug 22, 2016

ASX ANNOUNCEMENT / MEDIA RELEASE ASX:ABU

23 August 2016

ABM appoints Matt Briggs as Managing Director

ABM Resources NL ("Company") (ASX:ABU) is pleased to announce the appointment of Matt Briggs, an experienced geologist and mining industry executive, as its Managing Director.

Matt Briggs has 20 years' experience in Australia and internationally in various aspects of mine geology, exploration, project management and strategic leadership in the gold industry. Matt graduated as a geologist from the University of Queensland and worked at a number of mine sites in Western Australia. Since then he worked internationally on projects in Africa and most recently headed Group Strategic Planning for Gold Fields Limited. Matt has been directly involved or managed teams that have discovered several multi-million ounce gold deposits.

"The ABM Board is delighted with the appointment of Matt Briggs as Managing Director and we have confidence in Matt's ability to lead the Company to unlock the discovery potential of its tenements and deliver significant shareholder value. To secure someone of Matt's calibre in this role clearly demonstrates the exciting potential of our exploration tenure", Chairman Tommy McKeith said.

Matt will take up his appointment on 3 October 2016. A summary of the material terms of Matt's Executive Services Agreement is set out in the Attachment.

Signed

Tommy McKeith Chairman

ATTACHMENT

Summary of the material terms of Matt Briggs' Executive Services Agreement are set out below:

Commencement Date	3 October 2016
Term	3 years
Salary
Total fixed remuneration	$340,000 per annum inclusive of superannuation and any otherstatutory payments
Short term Incentive	maximum 30% of annual salary based on short-term incentive criteriaassessed annually at the discretion of the Board
Options	Subject to shareholder approval, the issue of 11 million unlistedoptions to Mr Briggs (and/or his nominees) to be issued on thefollowing terms:

Tranche	Number	Grant Date	Vesting Date	Exercise Price	Expiry
1	5,000,000	Immediately	Date of issue	145% of the VWAP	Earlier of 22 August
		upon		on the five trading	2020 and the date
		shareholder		days prior to 23	Mr Briggs ceases to
		approval		August 2016	be employed by the
					Company
2	3,000,000	Immediately	12 months after	145% of the VWAP	Earlier of 22 August
		upon	the date of issue	on the five trading	2020 and the date
		shareholder		days prior to the	Mr Briggs ceases to
		approval		vesting date	be employed by the
					Company
3	3,000,000	Immediately	24 months after	145% of the VWAP	Earlier of 22 August
		upon	the date of issue	on the five trading	2020 and the date
		shareholder		days prior to the	Mr Briggs ceases to
		approval		vesting date	be employed by the
					Company

Termination

Notice by Employee 3 months' notice

• Notice by Company 3 months' notice plus 3 months average base salary
• Change of control 12 months of average annual base salary