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Thursday 09 February, 2006

Union Resources Ltd

Extraordinary General Meeting

Union Resources Limited
09 February 2006





news release



For immediate release: 9 February 2006





                            UNION RESOURCES LIMITED

                               ABN 40 002 124 872



                    Notice of Extraordinary General Meeting

The Directors of Union Resources Limited (the 'Company') announce that they have
posted to shareholders notice of an Extraordinary General Meeting of Union
Resources Limited ('the Company') to be held at the registered office of the
Company, Level 6, 200 Creek Street, Brisbane, Queensland on Monday, 13th March
2006 at 10 am (Brisbane time).


ORDINARY BUSINESS



resolution 1 - authorise the issue of 90,000,000 free options to rab

'The Company and the Directors of the Company are hereby authorised to issue
90,000,000 free options to subscribe for ordinary shares in the Company to RAB
Special Situations (Master) Fund Limited ('RAB Special') exercisable at 7.5
cents (AUD$0.075) per option on or before 31st March 2009 on the terms and
conditions as contained in the Notice of Meeting and Explanatory Memorandum ('
RAB Options').'



resolution 2 - authorise the issue of 2,000,000 free options to westhouse

'The Company and the Directors of the Company are hereby authorised to issue
2,000,000 options to subscribe for ordinary shares in the Company ('Westhouse
Options') exercisable at 10 cents per option on or before 31st March 2009 to
Westhouse Securities LLP ('Westhouse Securities') on the terms and conditions as
contained in the Notice of Meeting and Explanatory Memorandum.'



resolution 3 - authorise the issue of UP TO 50,000,000 shares

'The Company and the Directors of the Company are hereby authorised to issue of
up to 50,000,000 fully paid ordinary shares ('Placement Shares') at an issue
price per Placement Share of not less than 80% of the weighted average trading
price of the Company's shares calculated over the last five (5) days on which
sales in the securities of the Company were recorded before the day on which the
share placement is made to various sophisticated or professional investors ('
investors') that fall within one or more of the classes of exemptions specified
in section 708 of the Corporation Act on the terms and conditions as contained
in the Notice of Meeting and Explanatory Memorandum.'









GENERAL BUSINESS



To consider any other business as may be lawfully put forward in accordance with
the constitution of the Company.





For further information



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

Rob Murdoch - Managing Director



www.unionresources.com.au



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