REDIVIUM LIMITED — Capital/Financing Update 2011

Jan 19, 2011

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ASX Announcement / Media Release

20 January 2011

Fast Facts

ASX Code: HNR

Capital Structure

Shares on issue: 131.6m Options on issue: 7.25m (ex 20c – 80c) Market cap: $28.0m

Financial Position

Cash on hand: $4.7m (Jan 2011)

Value of ASX Listed Equity Positions: $21.5m

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

Forrestania Project

• Government approvals received for next phase of reverse circulation (RC) drilling within Stormbreaker and Lucy Rocks Prospects

• Program to comprise 16 RC drill holes (for approximately 4,200m) – see attached map

• Drill holes will be targeting the results of recent focussed geological, geophysical and geochemical activities

• RC drilling at Stormbreaker to test nickel sulphide and gold targets

• RC drilling at Lucy Rocks to test a conceptual ultramafic target

• Drilling scheduled to commence 1[st] week of February 2011

• New Stormbreaker tenements secured within prospective western ultramafic corridor

Western Australian minerals exploration company Hannans Reward Ltd (ASX:HNR) is scheduled to commence the next phase of RC drilling at its flagship Forrestania nickel sulphide project located ~100 km’s south of Southern Cross in the Goldfields Region of Western Australia.

Hannans Reward controls a significant tenure package at Forrestania adjoining and along strike from nickel mines owned by Western Areas NL (market capitalisation A$1.2Bn) – refer Figures 1 and 2. The aim of this program is to identify nickel sulphide mineralisation.

Hannans’ Exploration Manager Don Huntly said, “We’ve been working up these targets by combining our interpretation of the Forrestania geology together with the geophysical and geochemical results received from our own exploration activities. The RC holes are targeting specific nickel and gold anomalies.

We’ve also planned six RC holes at Lucy Rocks to assess whether the western ultramafic unit folds around Beautiful Sunday West. If we intercept ultramafic rocks in the RC drilling it significantly increases the nickel prospectivity of the Lucy Rocks prospect area”.

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Forrestania Project Update

Hannans Reward Ltd is well funded with liquid assets of approximately A$25M and major strategic land positions at Forrestania, Lake Johnsotn, Queen Victoria Rocks and Jigalong.

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Figure 1 . Hannans Reward Regional Location Plan

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Forrestania Project Update

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Figure 2. Forrestania Project and RC Drill Target Locations

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Forrestania Project Update

20 January 2011

Hannans Reward Limited 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 has joint ventures with St Barbara Ltd and Triton Gold Ltd. Hannans is a major 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 Statement

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: 9324 3388

Karen Oswald Professional Public Relations Tel: 9388 0944

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