PRODIGY GOLD NL — Share Issue/Capital Change 2005

Nov 16, 2005

17 November 2005

ASX CODE: TAA

Company Announcements Office Australian Stock Exchange Limited Level 4, 20 Bridge Street Exchange Centre Sydney, NSW 2000

Dear Sirs

NOTICE UNDER SECTION 708A

Tantalum Australia NL (Company) issued 1,800,000 fully paid ordinary shares at a deemed issue price of \$0.015 each to two current executives and one former executive of the Company in lieu of fees owed to them. In addition, the Company has issued 2,600,000 shares to two executives pursuant to the Tantalum Australia NL Employee Share Plan.

The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.

The shares were issued without disclosure to investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act.

The Company, as at the date of this notice, has complied with:

• the provisions of Chapter 2M of the Corporations Act; and $(a)$
• Section 674 of the Corporations Act. $(b)$

There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act.

Yours faithfully

Timothy King Company Secretary