PRODIGY GOLD NL — Capital/Financing Update 2008

Apr 16, 2008

==> picture [151 x 130] intentionally omitted <==

==> picture [141 x 57] intentionally omitted <==

17 April 2008 ASX CODE: ABU

ASX ANNOUNCEMENT / MEDIA RELEASE

GOLD PROJECT FARM-IN WITH AGV ON POTENTIAL HIGH GRADE KUNDANA STYLE TARGETS

Broads Dam Farm-in Agreement

ABM Resources NL ( ASX: ABU ) is pleased to announce that it has entered into a farm-in heads of agreement (Farm-in HOA) with Broads Dam Gold Holdings Pty Ltd (ACN 122 340 327) (Broads Dam), a wholly owned subsidiary of ASX listed company Australian Gold Investments Limited (ACN 124 873 507) (ASX: AGV), to explore and develop 3 Prospecting Licences (PL’s 16/2386 - 16/2388) located at Broads Dam in Western Australia (Tenements). The Tenements, which are yet to be granted, are reversion applications over part of Mining Lease applications 16/295-297.

The AGV Broads Dam Gold Project area is centred 40km NW of Kalgoorlie and approximately 15km NW of the Kundana Gold Mine. The three Tenements that form the farm-in are located at the southern end of the total contiguous package of 14 tenements held by AGV.

The total AGV project area encompasses 14km of strike length along the highly prospective auriferous Zuleika Shear Zone, which is also host to a number of nearby currently working open-cut and underground gold mines, including Norton Gold Fields Limited Kundana and Paddington Gold Mining and processing operations. Furthermore, the previously mined Broads Dam (approximately 90,000oz @ 3.9g/t), White Foil and Blue Funnel (approximately 50,000oz @ 4.5g/t) gold deposits are immediately adjacent to and strike-conformable with AGV’s tenement package.

The three Tenements covered by the farm-in had exploration work completed by previous explorers who identified two significant gold targets, T11 and T12. T11 and T12 were identified on the basis of anomalous geochemical results. These targets lie on the Zuleika Shear Zone at the boundary of volcanogenic sediments and greenstone rocks which are cross cut by NS and NE trending faults. The Tenements are considered to have the potential to host high grade gold deposits similar to those delineated at Kundana.

As with the other areas in the Broads Dam tenement package, left-lateral movement along the Zuleika Shear Zone within the tenement package appears to have generated reidel shears leading to brittle fracture deformation and the formation of fault jogs and zones of dilation favouring gold mineralisation.

AGV have announced previously it had been approached by a major international gold company to joint venture part of the Broads Dam project which is considered to have prospectivity for significant gold mineralisation. ABU has been successful in securing a farmin to the part of the Broads Dam project which is considered to host this prospectivity.

==> picture [424 x 47] intentionally omitted <==

1

The Farm-in HOA comes into effect on the Broads Dam Tenements being granted.

Under the Farm-in HOA the Company has a right to earn up to a 40% joint venture interest in the three Prospecting Licences in four stages:

• a 10% interest upon ABU incurring at least $400,000 drilling on exploration within the Tenement area within 12 months of the granting of the Tenements;

• a 10% interest upon ABU incurring at least a further $500,000 in exploration and development of the Tenements within 24 months of the granting of the Tenements;

• a 10% interest upon ABU incurring at least a further $1,000,000 in exploration and development of the Tenements within 36 months of the granting of the Tenements; and

• a 10% interest upon ABU sole funding all approved Joint Venture expenditure in relation to the Tenements between the time it earns its third 10% joint venture interest and the date a bankable feasibility study is approved by the joint venture in relation to a Tenement.

ABU is the manager of the joint venture. A formal joint venture agreement is to be negotiated upon ABU earning its first 10% joint venture interest.

==> picture [353 x 426] intentionally omitted <==

Regional Geological Setting of the Kalgoorlie Goldfields, Western Australia

2

ABU will pursue an aggressive exploration program that plans to see drilling within 12 months. Mr Kins, Executive Chairman of ABM Resources, said: “We are very pleased to have been able to secure this farm-in onto such prospective ground in such a prospective area for gold and at such a positive time for gold.”

Yours faithfully

==> picture [72 x 42] intentionally omitted <==

Jutta Zimmermann Company Secretary

ABOUT ABM RESOURCES NL:

The conceptual exploration framework of the company is focused on delineating major mineral discoveries.

The company has a portfolio of base metal (zinc, lead, copper) projects located in Western Australia and a gold project located in Mozambique.

The primary exploration focus is the substantial region-scale Volcanic Massive Sulphide (VMS) base metal project at Erayinia located in Western Australia and the Mimosa gold project in Mozambique. ABM Resources also holds interests in another three base metal projects, Gascoyne, Earaheedy and Harbutt Range in Western Australia. The Gascoyne project is now a JV with Altera Resources Ltd.

ABM Resources entered into a formal Cooperative Agreement with AYR Infrastructure in May 2007 with the objective of securing high quality gold and other mineral projects in Mozambique and Zambia with a view to outlining significant mineral deposits.

AYR Infrastructure Development (AID) is a global consulting and development organization developing sustainable infrastructure in the emerging markets around the world.

==> picture [176 x 226] intentionally omitted <==

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. Mr Kehal is a Consultant Geologist with over 20 years experience.

Mr 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. Mr 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.

3