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Monday 05 January, 2009

Union Resources LTD

Non-Renounceable Rights Issue


                            Union Resources Limited                            

                           Non-Renounceable Rights Issue

The Company's non-renounceable rights issue closed on 17 December 2008.

The Company issued a prospectus dated 7 October 2008 seeking to raise up to
approximately $1,976,422 from eligible shareholders. Application funds
totalling $175,145.76 were received, and therefore the issue was
undersubscribed by approximately $1,801,276.

The Company will consider various avenues to raise further funds to fund its
operations.

Dr Frank Reid
Managing Director

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

_____________________________________________________________________
Email: info@unionresorces.com.au Internet: www.unionresources.com.au