REDIVIUM LIMITED — M&A Activity 2012

Mar 20, 2012

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21 March 2012

Fast Facts ASX Code: SCR

The Board of Scandinavian Resources Ltd (ASX: SCR) acknowledges receipt of the Bidder’s Statement from Hannans Reward Ltd (ASX:HNR) (Hannans).

Capital Structure

Shares on issue: 114.6m Options on issue: 32.92m (ex 20c – 75c) Market cap: $29m (undiluted)

Shareholders are advised to take no action until they receive the Target’s Response which is expected to be lodged on 30 March 2012 and mailed to all Shareholders shortly thereafter.

The Target’s Response will outline the Board’s recommendations in relation to the Hannans offer and therefore Shareholder’s should wait to consider the Target’s Response before making any decisions.

Board of Directors

Damian Hicks Chairman Olof Forslund Technical Director Ian Gregory Director & Company Secretary Markus Bachmann Non-executive Director

For further information contact: Mr Damian Hicks Chairman +61 8 9324 1153 (T) damianh@scandinavianresources.com (E)

Primary Projects Sweden

Kiruna Iron Särksjön Au, Ag, Cu, Pb, Zn Norway Njivlojávri Copper-gold Fiskarfjellet Copper

Project Pipeline Commodities Gold Copper Copper-gold Copper-lead-zinc

SCANDINAVIAN RESOURCES LTD (ASX: SCR)

By way of introduction Scandinavian Resources’:

• § strategy is to ‘incubate’ a highly prospective portfolio of iron, gold, PGE and base metals projects in Scandinavia (primarily Sweden and Norway).

• § General Manager Mrs Christina Lundmark was previously Head of Division Mineral Information for the Geological Survey of Sweden in Malå, Sweden.

• § Technical Director Mr. Olof Forslund was previously Regional Manager of the Geological Survey of Sweden’s Mineral Resources Information Office in Malå, Sweden.

• § Kiruna Iron plc Managing Director Mr Magnus Arnqvist is due to commence employment on 1 May 2012

• § is one of the largest landholders (by area) of minerals exploration projects in Sweden and one of the largest landholders in the world class Kiruna IOCG District.

• § flagship Kiruna iron Project is 30km from the 2Bt Kiruna iron mine (owned by LKAB) – the world’s largest and most modern underground iron mine.

• § ‘pipeline’ of projects cover gold, copper-gold and lead-zinc prospects in Sweden and Norway.

Please visit www.scandinavianresources.com for a detailed summary of the Company’s projects.

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