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REDIVIUM LIMITED Capital/Financing Update 2011

Jun 30, 2011

65703_rns_2011-06-30_ddf24237-a766-4623-b24a-3557882727cb.pdf

Capital/Financing Update

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ASX Announcement / Media Release 1 July 2011

Fast Facts ASX Code: HNR

UNLISTED OPTIONS

Lapse of Unlisted Options

Capital Structure

Shares on issue: 131.6m Options on issue: 5m (ex 20c to $1) Market cap: $24m (at 18c)

The Company wishes to advise that 2,250,000 unlisted Options exercisable at $0.80 per option expired unexercised on 30 June 2011.

Summary

Financial Position (at end of Quarter)

Cash on hand: $3.485m (Mar 2011) Value of Equity Positions: $28.75m

Board of Directors

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 Manganese and base metals

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 located in the world class Forrestania nickel belt. Hannans is a shareholder of Atlas Iron Ltd. Hannans’ shareholders are exposed to share price appreciation through exploration success at the following projects:  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).

  • Lake Johnston – nickel & gold project located 25km south east of Norilsk’s Maggie Hays nickel mine and 100kms west of Norseman

  • Jigalong – manganese & base metals project located 150km east of Newman, WA

  • Queen Victoria Rocks - nickel and gold project located 30km south-west of Coolgardie, WA

For further information please contact:

Damian Hicks James Harris Hannans Reward Professional Public Relations Tel: +61 8 9324 3388 Tel: +61 8 9388 0944

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