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Union Resources Ltd (URL)

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Wednesday 15 March, 2006

Union Resources Ltd

Related Party Transaction

Union Resources Limited
15 March 2006


news release

For immediate release: 15 March 2006



                            UNION RESOURCES LIMITED
                           Related party transaction


LONDON: 15 March 2006. Union Resources Limited ('Union' or 'the Company') today
announces that James Collins-Taylor, a director of Union Resources, has ceased
to be, as of 8 March 2006, a director of, and member of the investment committee
of, Kestrel Assets Limited. Kestrel Assets Limited is the holder of the
36,563,298 Ordinary shares of the Company (AIM:URL), 14,000,000 Listed Options
(AIM:URLA) and 8,705,483 Listed Options (AIM:URLB).


ENDS



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
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