REDIVIUM LIMITED — Capital/Financing Update 2011

Sep 1, 2011

ASX Announcement / Media Release 2 September 2011

FORRESTANIA PROJECT

Commencement of RC Percussion Drilling

by Don Huntly, Exploration Manager

HIGHLIGHTS:

• x RC percussion drilling has commenced at the Stormbreaker West prospect.
• x Plan to complete a total of 10 RC percussion holes for an estimated 2,500 metres, drilling will be completed by late September.
• x First batch of results should be available in October with the balance available in November.

Western Australian minerals exploration company Hannans Reward Ltd (ASX: HNR) has commenced RC drill testing 10 nickel sulphide targets at its Forrestania project located 80km east of Hyden in the Goldfields Region.

Drilling has commenced and is expected to be completed by late September. The drilling will target a surface TEM conductor (an anomaly developed from a geophysical technique used to define nickel sulphide occurences) and interpreted ultramafic lithologies (host to nickel sulphides) delineated from geochemical sampling. The drilling is located directly to the North and West of the Beautiful Sunday Nickel occurrence held by Western Areas NL – refer Figure 1.

Detailed geochemical sampling completed during early 2011 outlined what has been interpreted to be Ultramafic or Komatiitic units, a high MgO rock known to host Nickel Sulphides, which have not been explored effectively. A review of the surface TEM data in the area highlighted a TEM anomaly coincident with an interpreted Komatiitic unit, the TEM anomaly has not been drilled and will be targeted with this drilling program.

Further ground work including auger sampling, surface TEM and field checking will be conducted on the Stormbreaker North prospect over the coming months with the aim of defining further drill targets.

ASX Code:	HNR
Capital Structure
Shares on issue:	131.6m
Options on issue:	5m (ex 20c to $1)
Market cap:	$20m (at 15.5c)

Financial Position (at end of Quarter)

Cash on hand: $0.7m (Jun 2011)

Value of Equity Positions & Convertible Notes: $28.5m

Board of Directors

Fast Facts

Richard Scallan	Chairman
Damian Hicks	Managing Director
William Hicks	Non-Executive Director
Jonathan Murray	Non-Executive Director

Projects (Western Australia)

Forrestania	Nickel & Gold
QVR	Nickel
Lake Johnston	Nickel & Gold
Jigalong	Manganeseand base metals

Figure 1: Stormbreaker Prospect planned nickel sulphide drilling program

Hannans Reward Ltd Summary

Hannans Reward Ltd has developed a suite of prospective exploration projects within Australia covering nickel, gold and manganese; whilst the flagship exploration is the Forrestania nickel project. Hannans is a shareholder of Atlas Iron Ltd. Hannans' shareholders are exposed to share price appreciation through exploration success at the following projects:

• x Forrestania nickel & gold project 7km north of Western Area's Flying Fox nickel mine, a portion of the Stormbreaker Prospect includes a Joint Venture with Cullen Resources Ltd (Hannans – 80%, Cullen – 20% free carry).
• x Lake Johnston nickel & gold project located 25km south east of Norilsk's Maggie Hays nickel mine and 100kms west of Norseman
• x Jigalong manganese & base metals project located 150km east of Newman, WA (proposed to be separated from the Hannans Group subject to shareholder approval)
• x Queen Victoria Rocks nickel and gold project located 30km south-west of Coolgardie, WA

Competent Persons Summary

The information in this document that relates to exploration results is based on information compiled by Mr Donald Huntly, Exploration Manager who is a Full Member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist. Mr Huntly is a full-time employee with Hannans Reward Ltd. Mr Huntly 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 "Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Huntly consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

For further information please contact:

Don Huntly Hannans Reward Tel: +61 8 9324 3388

James Harris Professional Public Relations Tel: +61 8 9388 0944