PRODIGY GOLD NL — Capital/Financing Update 2007

May 7, 2007

8 May 2007

The Announcements Office Australian Stock Exchange Ltd Level 3, 20 Bridge Street SYDNEY NSW 2000

By ASX Online Transmission

Dear Sir,

Please find attached ASX/Media release regarding signing a Cooperative Agreement with Ayr Infrastructure Pty Ltd.

Yours faithfully

Jutta Zimmermann Company Secretary

ASX CODE: ABU

ASX ANNOUNCEMENT / MEDIA RELEASE

ABM RESOURCES NL SIGNS COOPERATIVE AGREEMENT WITH AYR INFRASTRUCTURE PTY LTD

ABM Resources NL (ABM) is pleased to announce that it has signed a Cooperative Agreement with Ayr Infrastructure Pty Ltd (AYR). This formal contractual Cooperative Agreement has developed from the Memorandum of Understanding (MOU) ABM signed in January 2007 with the AYR subsidiary company Ayr Resources Africa (ARA) to develop gold projects in Africa.

This Cooperative Agreement sets out the role and responsibilities in the procurement of resource concessions in selected African countries. The strategic objective is to build an integrated resource supply chain between China and selected resource rich countries in Africa. AYR, located in Hong Kong and Beijing, brings its extensive connections in China and Africa to the partnership. ABM brings its management, exploration and mining expertise to the partnership. Already one MOU with a Chinese party, the Liaoning Province Metallurgical Bureau of Geology and Exploration (Liaoning Institute), has been announced by ABM on 24 April 2007. Detailed discussions are also underway with a second strategic Chinese partner. ABM and AYR are planning to visit China in May 2007 to continue the development of partnerships to complete the integrated supply chain between China, Africa and ABM's Western Australian projects.

Both parties have been working together on regional/local geology data gathering and identification of prospective opportunities and concessions in two South Eastern African countries.

A preliminary site selection process is underway in the two countries in which AYR has a significant presence. Both countries are politically stable, contain encouraging geological settings and positive mining laws.

In one of these countries a three week site inspection has just been completed by ARA. In this country a submission to the relevant Government Minister in regards to gold projects has been positively endorsed. This project will involve artisanal alluvial and hard rock gold projects. One of the key objectives of the artisanal projects is to significantly improve the longevity and quality of life of workers and their families. These projects will revolve around removal of mercury from artisanal workings and supplying a range of health initiatives to dependents living in nearby villages, like clean drinking water,

mosquito nets and immunization to children. These are simple yet major actions to assist in preventing locals (especially children) contracting malaria.

The preliminary three week site selection has identified what appears to be prospective hard rock gold ground. An experienced geologist and an experienced mining engineer of ABM are traveling to this country on 10 May 2007 to undertake a three week due diligence program on the identified gold and other resource concessions. These other resource concessions include possible uranium and iron ore ground.

Another experienced geologist will be undertaking a two week due diligence program on copper concessions in early June 2007 in the other selected South Eastern African country.

Further announcements will be made following the completion of the two due diligence programs and when tenure of concessions has been confirmed as secured.

For further information contact Imants Kins Executive Chairman Tel 08 9423 9777 Mobile 0438 35 9705