PRODIGY GOLD NL — Capital/Financing Update 2008

Jun 9, 2008

ASX CODE: ABU

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10 June 2008

ASX ANNOUNCEMENT / MEDIA RELEASE

SIGNIFICANT HIGH GRADE ERAYINIA JV DRILL INTERSECTION OF 4m @ 11.5% Zn

Key Points:

• Significant intercept of 4m @ 11.5% Zn from Northern Lens at King Prospect, Erayinia Project follows up previously announced hole ED116 of 5m @ 10.6% Zn

• This hole indicates the high-grade zone of the Northern Lens may be much larger than previously interpreted

• Massive sulphide mineralization also intersected in the other two holes in the recently completed diamond drilling program with assay results awaited

Erayinia JV Project: King Prospect Diamond Drilling Update

ABM Resources NL (ASX: ABU) is very pleased to announce that a very significant and high grade intercept of 4 metres grading 11.5% in drill hole ECD132 has been received from its recently completed three hole diamond drilling program at the King Prospect. Individual one metre intercepts ranged in grade from 8.9% Zn to 15% Zn.

The diamond drilling was aimed at testing the new highly Conductive Body below the previously reported high-grade intersection of 5 metres grading 10.6% Zn in drill hole ED116 identified by the second DHTEM survey in December 2007. The drilling program also tested the northern limit of the Zn mineralization in the Northern Lens.

The high-grade intercept associated with the sphalerite rich massive sulphide in drill hole ECD132 at the northern limit of Northern Lens at King shows that the Northern Lens may be much larger in size than previously interpreted (see attached long section). The drilling program has also extended the massive sulphide zone below and to the north of ED116.

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The massive sulphide zone mineral assemblage visibly comprises of sphalerite – pyrite/phyrrhotite-magnetite-galena. On either side of the massive sulphide zone there are 1-2 metres of “disseminated” sulphides including sphalerite and (rare) galena. The host rock appears to be tuffaceous (banded chloritic-sericiticsiliceous schist) but adjacent to the massive sulphides chlorite is dominant.

The table below details the significant assay results from drill hole ECD132. Assay results from the massive sulphide mineralisation intersected in the other two diamond holes are awaited.

	Hole ID	North	East	Intervalm	Widthm	Zn%	Pbppm	Cuppm	Agppm
	ECD132	6538640	484807	323-324	1	1.52	139	121	7
				324326	2	030	187	215	3
				-		.
				326-327	1	280	1830	309	33
.327-331411.50156027767Drill core sample primary preparation has been by crushing the core sample. The whole						.
				327-331	4	11.50	1560	277	67

Drill core sample primary preparation has been by crushing the core sample. The whole sample was pulverized in a vibrating disc pulveriser. Samples have been processed using a robotic sample preparation system. Samples were digested and analysed using the Aqua Regia method. Pb and Ag were determined by Inductively Coupled Plasma (ICP) Mass Spectrometry and Zn and Cu by Inductively Coupled Plasma (ICP) Optical Emission Spectrometry.

A new program of diamond drilling to further outline the extent of the high grade lens at the King Prospect is expected to commence in the early part of the September Quarter 2008.

Project Background

The Erayinia Project (70:30 JV with Hawthorn Resources NL) is located approximately 150 km east south east of Kalgoorlie within an Archaean greenstone belt at the southeast margin of the Yilgarn Craton. Exploration carried out 14 years ago identified copper-zinc mineralisation in a possible Volcanic Massive Sulphide (VMS) environment. Focused exploration initiated by ABM Resources from 2005 onwards has confirmed the presence of a VMS zone (King Prospect). A total of 25 drill targets have been identified within a 40 km long greenstone belt at Erayinia based on geophysical and geochemical anomalism. ABM is now intensifying its exploration drilling programs to determine the size and economic potential of its King Prospect and the broader project area.

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King Prospect Long Section showing high grade results from drill hole ECD132

For further information please contact:

Mr Imants Kins Executive Chairman +61 8 9423 9777

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ABOUT ABM RESOURCES NL:

The company has a portfolio of Joint Venture base metal and gold projects. The base metal projects are located in Western Australia (zinc, lead and copper) and Zambia (copper). The gold projects are located in Mimosa, Mozambique and Broad’s 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 region-scale Volcanic Massive Sulphide (VMS) base metal project at Erayinia located in Western Australia and the gold project in Mozambique. ABM Resources also holds interests in another three Western Australian base metal projects, Joint Venture in Gascoyne, and 100% held tenements at Earaheedy and Harbutt Range in Western Australia.

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The information in this Report that relates to Exploration results is based on information compiled by Harjinder Kehal who is a member of the Australasian Institute of Mining and Metallurgy. Harjinder Kehal is a Consultant Geologist with over 20 years experience as a geologist.

Harjinder Kehal has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity for which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves. Harjinder Kehal consents to the inclusion in the report of the matters based on his information in the form and context in which it is used.

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