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Thursday 15 December, 2005

Union Resources Ltd

Holding(s) in Company

Union Resources Limited
15 December 2005

news release

For immediate release: 15 December 2005

                            UNION RESOURCES LIMITED

                     Kestrel Assets Sale of Ordinary Shares

Union Resources Limited (the 'Company') announces that it was informed on 13
December 2005 that Kestrel Assets Limited ('Kestrel Assets') had sold 8,654,043
ordinary shares in the Company between 28 November and 7 December 2005.

Following the disposal, Kestrel Assets held 38,758,851 ordinary shares in the
Company, representing 5.10% of the issued share capital.

Kestrel Assets also holds 14,000,000 Class A Options and 8,705,483 Class B
Options in the Company.


For further information:

Union Resources Limited (Tel: 00 61 7 3833 3833)

Rob Murdoch - Managing Director

Westhouse Securities LLP (Tel: 020 7601 6100)

Bill Staple

Richard Morrison

Bankside Consultants  (Tel: 020 7367 8888)

Keith Irons

Simon Rothschild

                      This information is provided by RNS
            The company news service from the London Stock Exchange