REDIVIUM LIMITED — Capital/Financing Update 2007

Jul 30, 2007

31 July 2007

Exploring for Gold & Base Metals ASX:HNR

Placement Update

• Placement
  • o On 17 April 2007 Hannans Reward Ltd (ASX: HNR) announced a Placement had been agreed with the Shandong Landbridge Group ("Landbridge") to raise AUD5.5 million through the issue of 10,000,000 shares at 55 cents.
  • o The 1st tranche of the Placement (AUD2 million) was completed on 1 May 2007 resulting in the issue of 3,636,363 fully paid shares to Landbridge (representing a 4.55% interest in Hannans Reward Ltd).
  • o Landbridge have requested an extension of time within which to complete the 2nd tranche of the Placement (AUD3.5 million) due to the recent approval of the transfer by the Central Government and the subsequent additional time required for China Development Bank to process the approval. Hannans Reward Ltd has extended the date for completion of the Placement through to 31 August 2007.
  • o Hannans Reward Ltd's cash balance at 30 June 2007 was AUD4.5 million.

Summary

Shandong Landbridge Group ("Landbridge") (www.landbridge.com.cn) is a respected large private Chinese company based in Rizhao, Shandong Province, China. The Company has business interests including infrastructure construction and management, oil refining and timber milling.

By way of further background, Hannans Reward has been advised that Landbridge is the only private Chinese company to be granted the right to build own and operate a port in the Shandong Province. The port is located in the city of Rizhao and is strategically located to supply petroleum to industry and iron ore to major steel mills. Landbridge is also the only private Chinese company in the Shandong Province to have a joint venture with the Chinese Government owned oil company Sinopec.

Landbridge wishes to build a presence in Australia and to gain access to raw materials. Landbridge has chosen to enter the Australian resources industry via a strategic investment of AUD5.5m in Hannans Reward Limited.

Continued…

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

Hannans Reward Ltd Exploring for Gold & Base Metals

ASX:HNR

31 July 2007

The investment comprises a placement of 10,000,000 shares at AUD0.55. Subject to completion of the placement in two tranches, Landbridge will be the second largest shareholder in Hannans Reward Ltd (11.6%). The first tranche (AUD 2 million) was completed on 1 May 2007. The completion date for the second tranche (AUD 3.5 million) has been extended through to 31 August 2007.

If you have any questions in relation to Hannans Rewards' activities please do not hesitate to contact me on +61 (0)8 9324 3388.

Yours sincerely,

Damian Hicks Managing Director

Hannans Reward Ltd has developed a suite of prospective exploration projects within Australia. The Company also has the opportunity to assess resource projects in PNG. Hannans Reward Ltd is well funded with shareholders exposed to share price appreciation through exploration success.

Current Projects

Papua New Guinea

• JLM JV – opportunity to assess minerals, petroleum and agricultural projects with JLM Resources Ltd

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 nickel project located 25km south east of LionOre's Maggie Hays nickel mine

Company contacts:

Telephone: (08) 9324 3388 Fax: (08) 9324 3366 Email: admin@hannansreward.com 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

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