Namibian Phosphate Project Update

    6 January 2009

                                Union Resources                                

         Namibian Phosphate Project Update - Initial Resource Estimate         

As previously announced, Union Resources Limited ("Union"), Bonaparte Diamond
Mines NL ("Bonaparte") and Namibian company Tungeni Investments cc ("Tungeni")
have entered into a joint venture ("the Joint Venture") to develop their
respective Sandpiper and Meob marine phosphate projects off the coast of
Namibia. Under the Joint Venture, licences held by Union in its Sandpiper
project and those held by Bonaparte / Tungeni in their Meob and Rocky Point
Projects will be transferred to a Joint Venture company to be held 42.5% each
by BON and Union and 15% by Tungeni. The Meob project holds licences adjacent
to Union's Sandpiper project.

An announcement was released to ASX by Bonaparte yesterday which gives details
of an initial resource estimate in respect of the Meob Project which, as
mentioned above, forms part of the Joint Venture.

Please copy and paste the below link into your browser to see the Bonaparte
announcement released to the ASX today.

http://www.unionresources.com.au/UCL/extdocs/
Bonapartes_Resource_Announcment.pdf

Enquires to:

Australia: Union Resources Limited

Dr Frank Reid - Managing Director

Phone: [phone]

London: Hanson Westhouse Limited

Bill Staple or Martin Davison

0207 7601 6100

Bankside Consultants

Simon Rothschild / Louise Mason

0207 367 8888

_______________________________________________________________________________________________________
Email: [e-mail] Internet: www.unionresources.com.au



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