PRODIGY GOLD NL — Capital/Financing Update 2016

Mar 9, 2016

10 March 2016

Dear Shareholder

ABM Resources NL (Company) – 3 for 5 Fully Underwritten Non-Renounceable Pro Rata Rights Issue

The Company announced on 9 March 2016 a 3 for 5 fully-underwritten non-renounceable pro rata rights issue at an issue price of $0.04 per new share (New Share) to raise approximately $8.2 million (before transaction costs) (Rights Issue).

The Rights Issue is fully underwritten by Key Pacific Advisory Partners Pty Ltd (ACN 003 464 980) and fully sub-underwritten by Pacific Road Capital Management Pty Ltd (ACN 117 934 586) as trustee for Pacific Road Fund II Managed Investment Trust (a major shareholder of the Company). Details of the potential effect of the underwriting and sub-underwriting arrangements on the Company, as well as the underwriting and sub-underwriting agreements themselves, are set out in the offer document.

Any New Shares not taken up by eligible shareholders will be shortfall shares and can be applied for by other eligible shareholders under the shortfall facility in excess of their entitlement of New Shares.

The net proceeds of the Rights Issue will be used primarily for exploration costs including tenement holding costs, for general working capital and overhead and operating costs, and for expenses associated with this Rights Issue.

You will receive a copy of the offer document shortly. In accordance with section 708AA of the Corporations Act 2001, a prospectus is not required for this Rights Issue.

Details of the Rights Issue are set out in the offer document and Appendix 3B that has been lodged with ASX. Both documents are available on the ASX's website (www.asx.com.au) and on the Company's website (www.abmresources.com.au).

Summary of Key Information
Type of offer	Fully underwritten non-renounceable pro rata 3 for 5 rights issue ofapproximately 205,772,691 ordinary shares to shareholders thatare on the share register of the Company as at the record date,being 5.00pm WST on 16 March 2016
Offer price	$0.04 per New Share
Offer ratio	3 New Shares for every 5 existing shares held at the record date
Non-renounceable	Your entitlements may not be sold on ASX or otherwise transferred
Ranking of new shares	The New Shares will be fully paid and will rank equally in all respectswith the Company's existing issued ordinary shares
Number of shares quoted onASX	The number of fully paid ordinary shares to be quoted on ASX oncompletion of the rights issue including the New Shares to be issuedwill be approximately 548,727,177

Indicative Timetable

Event	Date
Announcement of Rights Issue and lodgement of Appendix 3B withASX	Wednesday 9 March 2016
Release of Offer Document and s708AA cleansing notice to ASX	Wednesday 9 March 2016
Notice sent to ineligible Shareholders	Thursday 10 March 2016
Notice of Rights Issue sent to all Shareholders	Thursday 10 March 2016
'Ex' date (date from which securities commence trading without theentitlement to participate in the Rights Issue)	Tuesday 15 March 2016
Record date (5.00pm WST)	Wednesday 16 March 2016
Dispatch of Offer Document and Entitlement and Acceptance Formto Shareholders	Friday 18 March 2016
Closing Date (5.00pm WST)	Thursday 31 March 2016
New Shares quoted on a deferred settlement basis	Friday 1 April 2016
Shortfall Shares notification to ASX, Underwriter and SubUnderwriter	Friday 1 April 2016
Allotment of New Shares	Thursday 7 April 2016
Expected commencement of trading of New Shares	Friday 8 April 2016
Dispatch of holding statements for New Shares	Friday 8 April 2016

Note: dates and times are indicative only and subject to change. Subject to compliance with the ASX Listing Rules, the Company reserves the right to: (i) not proceed with the rights issue and return any applications moneys received without interest; or (ii) vary the dates and times above including closing the offer earlier or later.

For further information of your entitlement or how to deal with your rights please refer to the offer document (which you will receive shortly) or contact the Company:

Level 1, 141 Broadway Nedlands WA 6009

+61 8 9423 9777
+61 8 9423 9733
www.abmresources.com.au

Taking up your entitlements may have taxation, financial and other implications. If you are in any doubt as to how to deal with your rights, you should contact your stockbroker or other professional adviser.

Yours sincerely

Mr Brett Lambert Managing Director