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Friday 13 January, 2006

Union Resources Ltd

Holding(s) in Company

Union Resources Limited
13 January 2006

news release

For immediate release: 13 January 2006

                            UNION RESOURCES LIMITED

                               HOLDING IN COMPANY

Union Resources Limited (the 'Company') announced that it was informed on 13
January 2006 that Kestrel Assets Limited ('Kestrel Assets') had sold 2,015,553
ordinary shares in the Company between 10 January and 13 January 2006.

Following the disposal, Kestrel Assets held 36,563,298 ordinary shares in the
Company representing 4.81 per cent. of the issued share capital.  Kestrel Assets
also holds 14,000,000 Class A Options and 8,705,483 Class B Options in the

Kestrel Assets remains committed to the Company and believes that there is long
term potential for the Company and the sale is line with its policy of achieving
a degree of liquidity for its investors if the market conditions are

Contact Details:

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


Rob Murdoch - Managing Director

Michael Illet

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