PRODIGY GOLD NL — Capital/Financing Update 2007

Dec 19, 2007

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19 December 2007

ASX: ABU

Company Announcements officer Australian Stock Exchange limited Level 4, 20 Bridge Street Exchange Centre Sydney, NSW 2000

Dear Sirs

ABM RESOURCES NL TO RAISE $4 MILLION

ABM Resources NL (“ABM” “the Company”) has resolved to place up to 40 million shares at $0.10 per share to raise up to $4 million. The placement will be made in one tranche to Australian broking firms and to existing shareholders

The funds raised from the placement will be used to fund ongoing exploration at the base metal discovery at Erayinia ABM, fast track exploration of the highly prospective Mimosa gold project and working capital.

Commenting on the placement, Imants Kins, Executive Chairman of ABM stated “ABM would like to thank existing shareholders for the continued support of the Company, its strategy and its projects, and I welcome all new shareholders. 2008 has been identified in the strategic plan as a major milestone year and the objective of the funding is to lay the foundation stone for a transformation of shareholder value.”

Yours faithfully,

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Jutta Zimmermann Company Secretary