PRODIGY GOLD NL — Capital/Financing Update 2007

Apr 17, 2007

18 April 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 Erayinia JV Resource Definition Drilling Up Date.

Yours faithfully

Jutta Zimmermann Company Secretary

18 April 2007

ASX CODE: ABU

ASX ANNOUNCEMENT / MEDIA RELEASE

Erayinia JV Resource Definition Drilling Up Date

In honour of its former Chairman Tim King the Calliope (E1) deposit has been renamed the King (E1) deposit.

ABM Resources NL is pleased to announce that diamond drilling has started at the King (E1) deposit at the Erayinia VMS discovery. This is one of 21 drill targets on a 40 km strike length of the potential VMS zone. It is expected that the program will take 30 - 40 days.

The company has been advised by its analytical laboratory that the RC assays from the recently completed drilling at King (E1) are now likely to be available towards the end of next week. The RAB assays at the uranium and other base metal targets are also likely to be available towards the end of next week.

For further information please contact

Imants Kins Executive Chairman 08 9423 9777 0438 35 9705