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Wednesday 22 October, 2008

Union Resources LTD

Non-Renounceable Rights Issue

22 October 2008

                            Union Resources Limited                            

                         Non-Renounceable Rights Issue                         

Details of the Company's 1 for 5 non-renounceable rights issue have previously
been announced to the Market. The Company confirms that despatch to
shareholders of the rights issue prospectus has now been completed.

The distribution of the Prospectus in jurisdictions outside Australia may be
restricted by law and persons who come into possession of the Prospectus should
seek advice on and observe any of these restrictions.  Failure to comply with
these restrictions may violate securities laws.  Applicants who are resident in
countries other than Australia should consult their professional advisers as to
whether any governmental or other consents are required or whether any other
formalities need to be considered and followed

For further information:

Australia: Union Resources Limited
Mr John Lemon - Company Secretary
Phone: +61 7 3833 3833

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

Bankside Consultants
Simon Rothschild or Louise Mason
020 7367 8888