PRODIGY GOLD NL — Capital/Financing Update 2008

Jun 2, 2008

3 June 2008

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ASX CODE: ABU

ASX ANNOUNCEMENT / MEDIA RELEASE

ABM RESOURCES INCREASES EQUITY IN MIMOSA GOLD PROJECT

Increase in Mimosa Project Equity

ABM Resources (ASX: ABU) is pleased to announce that it has increased its holding in the Mimosa gold project to 67.33%. As announced on 22 February 2008, ABM acquired the interest from Ayr Resources Africa- one of the Joint Venture partners- who offered its interest in the Mimosa project to all shareholders on a pro rata basis in accordance with the Mimosa shareholders agreement. ABM had an agreement with ARA to acquire its interest subject to complying with the Mimosa project Joint Venture Agreement. That has now been completed and ABM has now acquired a further 2.39% taking its total equity to 67.33%. ABM has the right to increase its shareholding to 86.33% through spending another USD3M in exploration expenditure.

Mapping, further sampling and drill pad construction are progressing well at Mimosa and drilling will commence shortly.

Mimosa Project Background

The Mimosa Project is located in the under-explored Archaean greenstone belt of the Manica Province in central Mozambique, approximately 800 kilometres north of the Mozambique capital of Maputo. The project covers an area of 960 hectares. Mimosa lies in the east-west trending OdziMutare Greenstone Belt which has historically produced 2.5 million ounces of gold.

The Manica greenstone belt has extensive gold mining history over a large area and no modern exploration work has been carried out. At Mimosa, local artisanal miners have been mining gold from sheeted quartz veins and stockworks by hand for approximately 20 years. Mimosa contains ‘walk-up’ gold drill targets.

Planned Mimosa Exploration Program

Planned exploration in the first half of calendar 2008 at Mimosa is as follows:

• Mapping program, further soil sampling, petrology, planning for the drilling program and more detailed remote sensing data analysis all of which commenced in the middle of February.

• Mapping program completion and drill pad construction.

• Acquisition of detailed remote sensing data.

• RC drilling program planned to commence in June

• Further target definition through continued geological mapping, trenching and soil sampling work.

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Mimosa Project Location Map

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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