REDIVIUM LIMITED — Capital/Financing Update 2011

Feb 8, 2011

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ASX Announcement / Media Release 9 February 2011

LAKE JOHNSTON PROJECT

Fast Facts

ASX Code: HNR Capital Structure Shares on issue: 131.6m Options on issue: 7.25m (ex 20c to $1) Market cap: $35.5m (at 27c)

High Grade Gold Mineralisation

• High grade gold mineralisation intersected in Hannans’ RC drilling at Hardcore Prospect

• Best RC drilling intersections include:

• HCRC009 – 4m @ 6.93 g/t Au (215m)

Including 1m @ 21.3 g/t Au (215m)

• HCRC009 - 1m @ 6.34 g/t Au (222m)

• HCRC009 - 3m @ 4.44 g/t Au (237m)

Financial Position (at end of Quarter)

Cash on hand: $5.58m (Dec 2010) Value of ASX Listed Equity Positions: $25.15m

Including 1m @ 11.4 g/t Au (237m)

• HCRC009 - 1m @ 6.77 g/t Au (261m)

• HCRC009 - 1m @ 4.61 g/t Au (266m)

• HCRC005 – 1m @ 14.4 g/t Au (239m) (previously announced)

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

• Significant opportunity for discovery of additional high grade gold, in particular the Mt Gordon Prospect considered a ‘stand out’ target

• Exploration at Mt Gordon to commence this Quarter

Minerals exploration company Hannans Reward Ltd (ASX:HNR) (“Hannans” or “the Company”) is pleased to announce highly encouraging gold results from its 100% owned Hardcore Prospect (Lake Johnston Project) located within the Lake Johnston greenstone belt, west of Norseman, Western Australia (refer Figure 1).

Hannans completed ten reverse circulation (RC) percussion drill holes at the Hardcore Prospect, during January 2011, testing down dip and along strike of historical high grade gold intersections (refer Figure 2). The high grade gold intercepts are summarised in Table 1 and also include the intersections outlined in Hannans’ 2[nd] Quarter Activities Report.

The gold mineralisation has been intersected within a felsic intrusive unit and is associated with quartz veining, minor pyrite and intense silica alteration.

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Lake Johnston Project – High Grade Gold

9 February 2011

The drilling remains wide spaced however the high grade shoot is interpreted to have a strike length of ~100m and a steep plunge to the north-west (Figure 3).

Hannans have highlighted a number of high grade gold occurrences within the Lake Johnston Project at Ernest, Hardcore and Mt Gordon. The recent assay results further confirm the highly prospective nature of the project, which now covers a 25 km corridor (Figure 4).

Exploration for gold within the Hannans tenements remains limited and it is considered that there is significant opportunity for the discovery of additional high grade gold mineralisation within the project.

In particular the Mt Gordon prospect area is considered to be a stand out target; the prospect includes a large gold anomaly generated from surface auger sampling which covers an area of ~2.5 x 0.5 km’s, the anomaly is significantly larger than the geochemical anomaly associated with the Hardcore gold mineralisation (Figure 5).

Hannans are in the process of planning follow up exploration at the Mt Gordon prospect which will include infill auger sampling and a detailed gravity survey. It is anticipated that the auger sampling and gravity survey will commence this Quarter.

Table 1. Summary of Hardcore drilling assay results

HoleID	MGA_North	MGA_East	Dip	Azi	From (m)	To (m)	Int	Au g/t
HCRC001	6407706	285777	-75	030	NSA
HcRC002	6408057	285561	-75	030	NSA
HCRC003	6408711	284881	-75	030	NSA
HCRC004	6408656	284849	-75	030	NSA
HCRC005	6408516	285017	-75	030	239	240	1	14.4
HCRC005	6408516	285017	-75	030	249	250	1	1.71
HCRC006	6408410	285100	-65	030	NSA
HCRC007	6408416	285102	-60	030	281	282	1	1.21
HCRC007	6408416	285102	-60	030	286	287	1	1.52
HCRC008	6408402	285213	-65	030	NSA
HCRC009	6408517	285024	-60	030	190	191	1	2.31
HCRC009	6408517	285024	-60	030	196	197	1	1.28
HCRC009	6408517	285024	-60	030	203	204	1	1.74
HCRC009	6408517	285024	-60	030	215	219	4	6.93
HCRC009	6408517	285024	-60	030	222	223	1	6.34
HCRC009	6408517	285024	-60	030	229	230	1	1.56
HCRC009	6408517	285024	-60	030	237	240	3	4.44
HCRC009	6408517	285024	-60	030	261	262	1	6.77
HCRC009	6408517	285024	-60	030	266	267	1	4.61
HCRC009	6408517	285024	-60	030	286	287	1	1.24
HCRC010	6408396	285213	-55	030	NSA

Ongoing Exploration Activity

• § Detailed review of the historical drilling data at the Mt Gordon prospect to develop a geological interpretation of the area, to be completed during the 1[st] quarter of 2011.

• § Plan and implement infill auger sampling and gravity surveys at the Mt Gordon prospect during the 1[st] quarter of 2011.

• § Plan and implement follow up RC percussion drilling during the 2[nd] quarter of 2011.

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Lake Johnston Project – High Grade Gold

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Figure 1 . Hannans Reward Regional Location Plan

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Lake Johnston Project – High Grade Gold

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Figure 2 . Hardcore drilling collar location plan and Au geochemical image

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Figure 3 . Hardcore diagrammatic long-section looking north-east

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Lake Johnston Project – High Grade Gold

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Figure 4. Lake Johnston Leasing Diagram showing regional geology, prospect locations and Au ppb geochemistry image.

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Lake Johnston Project – High Grade Gold

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Figure 5. Mt Gordon Prospect area showing Au ppb in auger sampling anomalies and prospect locations

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Lake Johnston Project – High Grade Gold

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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 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

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:

Damian Hicks Hannans Reward Tel: +61 8 9324 3388

Karen Oswald Professional Public Relations Tel: +61 8 9388 0944

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