PRODIGY GOLD NL — Capital/Financing Update 2016

Mar 8, 2016

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ASX ANNOUNCEMENT / MEDIA RELEASE

ASX:ABU

09 March 2016

Notice of proposed issue of options in accordance with ASX Listing Rule 3.10.3

As announced today, ABM Resources NL (ACN 009 127 020)(ASX:ABU) ( Company ) has entered into a facility agreement ( Facility Agreement ) for $3,800,000 with Pacific Road Capital Management Pty Ltd (ACN 117 934 586) ( PacRoad ) for the purpose of PacRoad providing cash backing for environmental and general performance bonds provided by the ANZ bank or any other financial institution that provides environmental and general performance bonds to the Company and held by certain Northern Territory government departments or the Central Land Council.

It is a term of the Facility Agreement that the Company provide an upfront fee to PacRoad by issuing 10,000,000 options to PacRoad by 8 September 2016. The information required by ASX Listing Rule 3.10.3 is set out below.

	3.10.3 is set out below.
	Class of securities	Unlisted options
	Number of securities	10,000,000
	Principal terms of the securities	The options provide PacRoad with an option tosubscribe for 10,000,000 ordinary shares in thecapital of the Company at an exercise price of
		$0.058 per option.Unless exercised earlier5.00pm (AEST) on 8 Ma	, the options will expire atrch 2021.
	Issue price or consideration	The options will be issuPacRoad entering into t	ed in consideration ofhe Facility Agreement.
	Purpose of the issue	For payment of the upfFacility Agreement.	ront fee required by the
	Shareholder approval	The Company does notshareholder approval inissue of options and wilcapacity under the ASX	itd t k
			nen o seerelation to the proposedl rely on its placementListing Rules.
	Issue to class	The options are not beisecurity holders.	ng issued to a class of

Signed Brett Lambert Managing Director