PRODIGY GOLD NL — Capital/Financing Update 2008

Feb 13, 2008

ASX CODE: ABU

14 February 2008

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ASX ANNOUNCEMENT / MEDIA RELEASE

Mimosa Gold Project Returns High Grade Rock Chip Sampling Results

Key Points:

• High grade rock chip assays of up to 13.54g/t Au returned from Mimosa.

• Sampling results confirm that Mimosa contains ‘walk-up’ gold targets and a 4,800 metre drilling program to commence as soon as an RC drilling rig is secured.

• Detailed geological mapping underway to assist with the planning of the RC drilling program.

• Mimosa has extensive gold mining history and no modern exploration.

Project Location

ABM Resources NL (ASX: ABU) highly prospective Mimosa gold project is located in the underexplored Archean greenstone belt of the Manica Province in central Mozambique, approximately 800 kilometres north of the Mozambique capital of Maputo.

Mimosa lies in the east-west trending Odzi-Mutare Greenstone Belt which has historically produced an estimated 2.5 million ounces of gold. Local artisanal miners have been mining gold in sheeted quartz veins and stockworks at Mimosa by hand for approximately 20 years.

The project consists of three concessions totalling 960 hectares.

Rock Chip Sampling Program

A rock chip sampling program completed at the Mimosa JV Gold Project in Mozambique during November 2007 has returned high grade assays of up to 13.54g/t Au. The sampling program covered an area of approximately 4 km x 1.5 km with more concentrated sampling around the existing artisanal gold workings (see attached figure). In addition, anomalous copper values of up to 2050ppm have also been recorded and may indicate the possible existence of a copper porphyry system at depth.

The samples collected, mostly consisted of the targeted granitoid/quartz lithologies. These samples typically came from one of three locations, as follows:

• Bedrock exposed in the sides of road cuttings (large number of forestry roads exist within the concessions).

• Bedrock exposed in previously dug exploration pits, costeans and adits.

• Bedrock exposed by artisanal mining operations.

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Detailed Geological Mapping and Proposed RC drilling program

A program of detailed geological mapping to understand the lithologies and structure of the Mimosa project area is underway. Additional sampling will also be undertaken. ABM has acquired a number of remote sensing data sets/images to aid with the field geological mapping. The mapping and rock chip sampling results will be used in the planning of the forthcoming RC drilling program.

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Mimosa Location Map

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Mimosa Project geology and locations of high grade rock chip samples

For any questions on the release please contact:

MR IMANTS KINS Executive Chairman +61 8 9423 9777

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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.

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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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