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Thursday 16 March, 2006

Union Resources Ltd

Share placement

Union Resources Limited
16 March 2006

news release

For immediate release: 16 March 2006

                            Union Resources Limited

                           ('Union' or the 'Company')

                                Share Placement

The Company's Directors have approved the issue of up to 17,577,461 ordinary
shares in the Company at 6.3 cents per share to various professional and
sophisticated investors, pursuant to approval received from the Company's
members at the general meeting held on Monday 13 March 2006.  It is intended
that the funds raised will be used for expenses associated with the Mehdiabad
Zinc Project, and for working capital.


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