PRODIGY GOLD NL — Capital/Financing Update 2007

Mar 21, 2007

ASX CODE: ABU

22 March 2007

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge Street Exchange Centre Sydney, NSW 2000

Dear Sirs

NOTICE UNDER SECTION 708A

ABM Resources NL (Company) is pleased to announce that it has completed the Share Placement of 30,000,000 shares at $0.125 to raise $3,750,000 as announced on 9 March 2007, with the shares being issued today.

The Corporations Act 2001 ("the Act") restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A. By the Company giving this notice, sale of the Securities noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under section 708A(5)(e) of the Act that:

• 1. The Company issued the Securities without disclosure to investors under Part 6D.2 of the Act:
• 1. As at 22 March 2007, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and section 674 of the Act; and
• 1. As at 22 March 2007 there is no information:
  • a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
  • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
    • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
    • ii. the rights and liabilities attaching to the Securities.

Yours faithfully

Timothy King Company Secretary