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Monday 15 October, 2007

Union Resources LTD

Further re Share Purchase Plan


                            Union Resources Limited                            

                          ("Union" or the "Company")                           

             Bonus Share Offer to Share Purchase Plan Participants             

On 5 September this year the Company advised that it would offer to issue to
shareholders who participated in the Company's Share Purchase Plan offer
earlier this year bonus shares in the Company. This is in recognition of the
higher subscription price paid by participating shareholders compared to
shareholders who participated in the later private share placement by the
Company.

The full text of the letter which has been sent to all Australian-resident
shareholders who participated in the Share Purchase Plan offer is set out
below:

Dear Shareholder

Earlier this year you participated in the Company's Share Purchase Plan. On 5
September, the Company advised ASX that the Company will offer to issue bonus
shares to shareholders who participated in the recent Share Purchase Plan. This
is recognition of the higher subscription price paid by shareholders who
participated in the Share Purchase Plan vis-à-vis the shareholders who
participated in the recent placement made by the Company. The Offer is not
being made to any shareholders resident in a foreign jurisdiction where it may
be unlawful to make such an offer.

The number of bonus shares being offered to you is the number of additional
shares that would have been issued to you had the issue price of shares under
the Share Purchase Plan been 2.0 cents per share, rather than 2.7 cents per
share. Therefore the Company offers to issue to you bonus fully paid shares in
the capital of the Company. The Company intends applying for listing of the
bonus shares on ASX.

Please note no disclosure document is being issued in relation to this bonus
offer, which is being made pursuant to s708(15) Corporations Act.

The decision whether to accept the offer of the bonus shares is yours to make,
in consultation with your professional adviser (solicitor, accountant,
financial advisor, etc.) if necessary. The Company cannot advise you on the
merits or otherwise of accepting the offer. There may be income tax
implications for you if you accept the offer, and the Board strongly recommends
that you seek independent financial advice from an appropriately qualified
financial professional if you propose to accept the offer.

Bonus shares will only be issued to those shareholders who accept the offer
within the time period designated below.

If you would like to receive the bonus shares, please indicate so by signing
and dating the enclosed copy of this letter and returning by 12 November 2007
to:

The Company Secretary
Union Resources Limited
PO Box 728
Spring Hill, Q 4004

UNION RESOURCES LIMITED

James Collins-Taylor
Chairman


For further information contact:

Australia: Union Resources Limited
Dr Frank Reid - Managing Director
Phone: +61 07 3833 3833

London: Hanson Westhouse Limited
Bill Staple or Martin Davison
020 7601 6100

Bankside Consultants
Simon Rothschild or Louise Mason
020 7367 8888