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Tuesday 23 October, 2007

Union Resources LTD

Directorate Change


23 October 2007

Rt. Hon. Lord Lamont of Lerwick - Consent to Act as Director

Union Resources Limited ("the Company") is pleased to announce that The Rt.
Hon. Lord Lamont of Lerwick ("Lord Lamont") has agreed to become a director of
the Company, subject to his appointment being approved by the Company's

Lord Lamont is a British citizen and lives in London in the United Kingdom. He
worked as an investment banker in London before entering Politics. He entered
the British Parliament in 1972 and became Parliamentary Under Secretary of
State in 1979 under Prime Minister Margaret Thatcher. He was appointed to the
British Cabinet in 1979 before serving as Chancellor of the Exchequer in the
John Major Government from 1990 to 1993. Lord Lamont is the current Chairman of
the British Iranian Chamber of Commerce and is a director of Balli Group Plc,
which has extensive interests in Iran. He is also a director of RAB Capital
Plc, Scottish Re Group Ltd, and is Chairman of the East European Food Fund.

The Company's Board of Directors is delighted that Lord Lamont has agreed to
serve as a director of the Company. The Board is of the view that Lord Lamont's
combined business, political and financial experience and acumen will be of
great benefit to the Company.

Lord Lamont will stand for election as a director of the Company at the
Company's annual general meeting to be held on 23 November 2007. Notices of the
annual general meeting are currently being sent to the Company's shareholders.

Further disclosures as required under Schedule 2(g) of the AIM rules will be
made in due course.

Enquires to:

Australia:     Union Resources Limited

               Dr Frank Reid - Managing Director

               Phone:+61 07 3833 3833

London:        Hanson Westhouse Limited

               Bill Staple or Martin Davison

               0207 7601 6100

               Bankside Consultants

               Simon Rothschild / Louise Mason

               0207 367 8888