REDIVIUM LIMITED - Capital/Financing Update 2007

ASX:HNR

Forrestania Exploration Update

•	RC Drilling
o	A reverse circulation (RC) drill rig is scheduled to return to the ForrestaniaProject in February 2008. The RC programme is being planned to test bothnickel and gold targets
o	All assay results from the 8 hole RC programme have now been received
•Down-hole Geophysical Surveys
o	Down-hole Electromagnetic (DHEM) surveys have been completed on therecently drilled RC holes at Stormbreaker Prospect
•Ground Geophysical Surveys
o	A deep penetrating ground geophysical survey (referred to as SQUID) isscheduled to be completed during December 2007 to better refine a previouslyidentified conductor – refer to the attached Project Plan
o	A Moving Loop Electromagnetic (MLEM) survey is scheduled to be completedin January 2008 to test a previously unsurveyed area of recently interpretedultramafic rocks in close proximity to the Beautiful Sunday nickel occurrence –refer to attached Project Plan
o	The aim of the SQUID and MLEM surveys is to identify conductive rocks thatmay indicate the presence of a nickel hosting bedrock source
•Forrestania Project – Location Plan
o	The attached tenement map highlights Hannans position within the Forrestaniaregion relative to the high grade Flying Fox nickel sulphide mine owned byWestern Areas NL and the high grade Lounge Lizard nickel sulphide projectowned by Kagara Zinc Ltd.

Hannans Reward Ltd (Hannans) has entered the next phase of nickel sulphide and gold exploration at the Forrestania Project (117km2 project area) with geophysical surveys and drilling on-going during the next three months as set out below. Hannans is committed to the substantial amount of additional nickel and gold exploration required to fully test the potential of this well located project.

From a nickel perspective, exploration has so far been focused within exploration license E77/514 covering an area of 14.3km2 . The next two geophysical surveys (SQUID and MLEM), scheduled to commence during December 2007 and January 2008 will be undertaken within exploration license E77/1354 which also covers an area of 14.3km2 . This particular tenement directly adjoins ground held by nickel miner, Western Areas NL.

Level 2, 11 Ventnor Avenue, West Perth, Western Australia PO Box 1227, West Perth, WA, 6872 [email protected] • www.hannansreward.com +61 8 9324 3388 (T) • +61 8 9324 3366 (F)

5 December 2007

Exploring for Gold & Base Metals ASX:HNR

The MLEM survey is a reconnaissance technique used to identify conductors potentially hosting massive nickel sulphides to depth of 200m. This technique is to be used in an area previously not tested with ground geophysics where aeromagnetic interpretations highlight the possibility of ultramafic rocks. In contrast, the SQUID survey penetrates deeper and is a more detailed survey. The SQUID survey is to be conducted over a historically identified conductor to aid drill-hole targeting. The aim is to drill test any conductive targets delineated from these surveys in February 2008.

All assay results from the eight recently drilled RC holes have now been received without significant nickel sulphide mineralisation being returned. The holes have also been assessed via down-hole electromagnetic (DHEM) geophysical surveys. Whilst one off-hole conductor was returned that correlated strongly with an intercepted Banded Iron Formation unit the presence of barren sulphides within the holes provides encouragement that the geophysical techniques being used are effective. The assays (elevated gold and arsenic) and the DHEM survey from this particular hole are considered geologically interesting from a gold exploration perspective and this will be followed up in due course.

From a gold perspective, exploration has so far been focused within mining lease M77/544 (North Ironcap) which covers an area of 4.33km2 . A 6 to 8 RC drill-hole programme is currently being planned to further test the northerly extension to the gold targets at the North Ironcap gold prospect. This programme follows up the RAB drilling programme completed by Hannans during August 2007 that proved ineffective in fully testing the target horizon. The aim is to test this target in fresh rock (approx 100m below surface) in February 2008. All drill programmes are subject to receiving the necessary government and stakeholder approvals.

Hannans looks forward to continuing its exploration at the Forrestania Project with a view to making a significant nickel sulphide or gold discovery in 2008.

Hannans Reward Ltd Summary

Hannans Reward Ltd has developed a suite of prospective exploration projects within Australia. The Company, through its wholly owned subsidiary Hannans Scandinavia AB also intends to commence exploration in Sweden in 2008. Hannans Reward Ltd is well funded with shareholders exposed to share price appreciation through exploration success.

Australia

Forrestania nickel & gold project located 12km north of Western Area's Flying Fox nickel mine
Jigalong JV iron, uranium & base metals project located about 400km south east of Port Hedland
Queen Victoria Rocks nickel & gold project located 30km south-west of Coolgardie
Sunday gold & nickel project located about 20km east of Leonora
Maggie Hays South project located 25km south east of Norilsk's Maggie Hays nickel mine

Sweden

• Hannans Scandinavia AB - Incorporation of Swedish based subsidiary Company to commence exploration activities within the Scandinavian shield

Level 2, 11 Ventnor Avenue, West Perth, Western Australia PO Box 1227, West Perth, WA, 6872 [email protected] • www.hannansreward.com +61 8 9324 3388 (T) • +61 8 9324 3366 (F)

Exploring for Gold & Base Metals ASX:HNR

5 December 2007

Company contacts: Telephone: (08) 9324 3388 Fax: (08) 9324 3366 Email: [email protected] Website: www.hannansreward.com Address: Level 2, 11 Ventnor Ave West Perth, WA

Board of Directors

Chairman Richard Scallan Managing Director Damian Hicks Executive Director Frank Cannavo Non-Executive Directors: Ernie Dechow, Bill Hicks & Terry Grammer

The information in this document that relates to Exploration Results is based on information compiled by Ms Karyn Lyons, Exploration Manager, Hannans Reward Ltd who is a Member of the Australian Institute of Geoscientists. Ms Lyons is a full-time employee of Hannans Reward Ltd. Ms Lyons has sufficient experience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2004 edition of the "Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves". Ms Lyons consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.