Extension of Offer Period

    UNION RESOURCES LIMITED                            

Non-Renounceable Rights Issue - Extension of Offer Period

The Company has decided to extend the closing date under its 1 for 5
non-renounceable rights issue by two weeks from 12 November 2008 to 26 November
2008. Accordingly the revised timetable for the rights issue is as follows:

1. Announcement of Rights Issue to ASX                      7 October          
                                                                               
2.   Application to ASX for quotation of Shares                                
(Appendix 3B)                                                                  
                                                                               
3. Lodge Prospectus with ASX                                                
                                                                               
Notice to Shareholders containing information in            9 October          
Appendix 3B                                                                    
                                                                               
  Shares trade "Ex" the entitlements issue on the           10 October         
ASX                                                                            
                                                                               
Record Date to identify Eligible Shareholders and           16 October         
to determine Entitlements under the Prospectus                                 
                                                                               
1.      Despatch of Prospectus and Entitlement and          21 October         
Acceptance Form ("Opening Date")                                               
                                                                               
2.      Advise ASX that despatch completed                                     
                                                                               
Closing Date                                               26 November         
                                                                               
Securities quoted on a deferred settlement basis           27 November         
                                                                               
ASX notified of under-subscriptions                         1 December         
                                                                               
Despatch Share Holding Statements                           4 December         
                                                                               
Expected commencement of trading of new shares on           5 December         
ASX                                                                            

Please find attached the letter which has been sent to the Company's
shareholders notifying of the extension of the offer period under the rights
issue.

Yours faithfully

UNION RESOURCES LIMITED

John Lemon

Company Secretary

Dear Shareholder

A. NON-RENOUNCEABLE 1 FOR 5 RIGHTS ISSUE - EXTENSION OF CLOSING DATE

As you are aware the Company is currently conducting a one (1) for five (5)
non-renounceable rights issue. A prospectus for the rights issue has previously
been sent to you.

The purpose of this letter is to advise you that the Company is extending the
closing date under the rights issue by two weeks from Wednesday 12 November
2008 to Wednesday 26 November 2008. Accordingly, the revised timetable for the
rights issue (which supersedes the timetable on page 1 of the prospectus sent
to you) is as follows:

1. Announcement of Rights Issue to ASX                      7 October          
                                                                               
2.  Application to ASX for quotation of Shares              (Tuesday)          
(Appendix 3B)                                                                  
                                                                               
3. Lodge Prospectus with ASX                                                
                                                                               
Notice to Shareholders containing information in            9 October          
Appendix 3B                                                                    
                                                            (Thursday)         
                                                                               
Shares trade "Ex" the entitlements issue on the             10 October         
ASX                                                                            
                                                             (Friday)          
                                                                               
Record Date to identify Eligible Shareholders and           16 October         
to determine Entitlements under the Prospectus                                 
                                                            (Thursday)         
                                                                               
1.      Despatch of Prospectus and Entitlement and          21 October         
Acceptance Form ("Opening Date")                                               
                                                            (Tuesday)          
2.      Advise ASX that despatch completed                                     
                                                                               
Closing Date                                               26 November         
                                                                               
                                                            (Wednesday)        
                                                                               
Securities quoted on a deferred settlement basis           27 November         
                                                                               
                                                            (Thursday)         
                                                                               
ASX notified of under-subscriptions                         1 December         
                                                                               
                                                             (Monday)          
                                                                               
Despatch Share Holding Statements                           4 December         
                                                                               
                                                            (Thursday)         
                                                                               
Expected commencement of trading of new shares on           5 December         
ASX                                                                            
                                                             (Friday)          

Therefore if you wish to take up shares under the rights issue and you haven't
already done so you should complete the Entitlement and Acceptance Form
previously sent to you with the Prospectus and return it in accordance with the
instructions in Section 4.2 of the Prospectus by 5.00 pm (EDST) on 26 November
2008.

B. NAMIBIAN PHOSPHATE PROJECT - JOINT VENTURE

Please find attached for your information a copy of the Company's release to
the Australian Securities Exchange (ASX) dated 27 October 2008 advising details
of the Company's new joint venture with Australian company Bonaparte Diamond
Mines NL and Namibian company Tungeni Investments cc.

Yours faithfully

UNION RESOURCES LIMITED

James Collins-Taylor

Chairman

Enquires to:

London: Hanson Westhouse Limited
        Anita Ghanekar or Martin Davison    0207 601 6100

        Bankside Consultants
        Simon Rothschild / Louise Mason     0207 367 8888

Disclaimer

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.

                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
                                                                               


END