PRODIGY GOLD NL — Capital/Financing Update 2008

Aug 24, 2008

25 August 2008 ASX CODE: ABU

ASX ANNOUNCEMENT / MEDIA RELEASE

ABM'S SHAREHOLDER SHARE PURCHASE PLAN

ABM Resources is offering its shareholders the opportunity to increase their holding and participate in the continued growth of the Company through a Share Purchase Plan (SPP).

ABM Resources Executive Chairman Mr Imants Kins said the SPP would raise up to 5 Million to drive further Company exploration at the company's flagship projects Erayinia near Kalgoorlie and Mimosa in Mozambique, and at the highly prospective gold prospect at Broads Dam.

As at the record date of 25 August 2008, eligible shareholders will have the opportunity to purchase additional shares for 3 cents per share. Shareholders can elect to take allocations of $999.99, $3000 or $4999.98 worth of shares. The maximum shares that can be issued are estimated to be about 168 million.

The issue price represents a 9.37% discount to the volume weighted average price of the Company's shares in the five trading days prior to the announcement (3.31 cents per share as determined by the ASX).

The offer will open on 2 September 2008, and will close at 5pm WST 23 September 2008.

Mr Kins said the SPP came at a time of significant progress for ABM and its shareholders.

"In terms of the quality of its portfolio and exploration progress ABM has never been in a better position. ABM continues to be encouraged by the exploration results at the VMS discovery at King in Erayinia with recent results increasing the strike length of the project. Assay results of recent diamond drilling at the northern and southern lens (approximately 200 metres from the northern lens) are awaited with much interest. Further assay results are awaited from the drilling at the Mimosa Mozambique gold discovery.

"After completion of the current drilling programs we will focus on analyzing all the results and data and determine a resource estimate for King (in house and then using an external consultant) and the next drilling program for Mimosa in Mozambique," he said.

"Through the SPP shareholders will have the opportunity to participate in this exciting period of growth for ABM, as we strive over the next 12 months towards our goal of defining a resource at King and finding a major gold discovery at Mimosa and Broads Dam near Kalgoorlie," Mr Kins said.

For further information please contact:

Mr Imants Kins Executive Chairman

+61 8 94239777

About ABM RESOURCES NL:

The Company owns a portfolio of base metals and gold project interests. The base metals projects are located in Western Australia (zinc, lead and copper) and Zambia (copper). The gold projects are located at Mimosa, Mozambique and Broads Dam near Kalgoorlie in Western Australia. The conceptual exploration framework of the company is focused on delineating major mineral discoveries.

The current primary exploration focus is the substantial regional-scale Volcanic Massive Sulphide (VMS) base metals project at Erayinia located in Western Australia and the highly prospective Mimosa gold project located in Mozambique. ABM Resources also holds interests in another 3 Western Australian base metals projects: the Gascoyne Joint Venture, and 100% held tenements at Earaheedy and Harbutt Range in Western Australia.

Erayinia JV – King Prospect Long Section