ANNOUNCEMENTS

2007 Announcements

18 December

CIBALIUNG GOLD PROJECT UPDATE

The following update is provided in respect of key development issues and matters relating to schedule, costs and management structure:

DECLINE DEVELOPMENT

• Decline development is continuing with total development now in excess of 550 metres;
• Development to the ore body is being undertaken on two headings to enable a greater volume of ore to be extracted. The remaining distance to the ore body is less than 62 metres on one heading and 136 metres on the other. It is now envisaged that stockpiling of ore will commence during January 2008.
• A new loader and a new jumbo drill rig are currently being mobilised to site. When this equipment is operational, the rate of advance of the decline is expected to increase.
• The Redpath Group has resumed work on the development of the Cikoneng ventilation shaft.

PROJECT DEVELOPMENT

• A Letter of Intent has been executed with PT Petrosea. PT Petrosea has commenced mobilisation to site to undertake refurbishment work and complete construction of the gold processing plant. Once fully mobilised (expected within the next 2-3 weeks), it is estimated that the refurbishment, construction and commissioning of the plant will take up to 4 months.
• Cullen Mining Services Pty Ltd have been engaged to act as Project Manager in respect of the construction and commissioning of the plant.
• Due to delays in the decline development and the longer than anticipated time involved in the refurbishment, construction and commissioning of the gold processing plant, first gold pour is now expected to occur within the second quarter of 2008.

COSTS

Project development costs have increased as summarised below:

• The Company has identified that the rise in diesel fuel prices due to global increases in the oil price coupled with the removal of Indonesian government subsidies announced on 30 July 2007 and 12 November 2007 will have a significant impact on both the development costs and operating costs at Cibaliung. The extent of the impact is still being resolved and will be confirmed at the earliest opportunity.
• The have also been significant increases in the order of US$5.9 million in the costs associated with the refurbishment, construction and commissioning of the gold processing plant.
• Increased holding costs associated with the delay in schedule to first gold pour are expected to be in the order of US$3.8 million.
• Increased costs associated with underground development rates and additional development metres up to first gold pour are expected to be in the order of US$4.7 million.
• Other costs increases in the order of US$1.3 million have also impacted the project. The resources sector worldwide continues to be subject to upwards cost pressures and stiff competition for equipment, consumables and skilled labour which ultimately manifests itself in cost increases and time delays.

FUNDING

The Company will require further funding to complete the development of the Cibaliung Gold Project. The Board is currently reviewing funding alternatives and will provide further details to the market at the earliest opportunity.

CHIEF FINANCIAL OFFICER

The Company has appointed Mr Cahyono Halim as Chief Financial Officer effective 2 January 2008. Mr Halim is resident in Jakarta and has held senior finance positions in a number of large Asian based corporations following upon a successful career in banking and finance. Full details will be made available in a separate release. This appointment will strengthen the Company’s finance function, particularly in the area of cost control and forecasting.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

29 November

CIBALIUNG GOLD PROJECT UPDATE

Following the success of the Company’s recent Placement and Rights Issue, development activities have resumed at Cibaliung. The Company is aiming to achieve gold production at the earliest opportunity in 2008.

Highlights of the recent activity on site at Cibaliung are summarised below:

DECLINE DEVELOPMENT

• Decline development is continuing with total development now in excess of 525 metres;
• Development to the ore body is being undertaken on two headings to enable a greater volume of ore to be extracted. The remaining distance to the orebody is less than 120 metres on one heading and 75 metres on the other;
• Daily development rates over the last few months have not met expectations due primarily to machinery breakdowns. In order to address this problem, the delivery of a new jumbo drill rig and loader has been brought forward to early December 2007;
• Cover drilling will be undertaken as a precautionary measure to ensure that previous workings by artisanal miners will not affect the long term integrity of the Cikoneng Decline. This cover drilling is expected to take 2-3 weeks.
• Redpath of Canada has been engaged to provide further experienced mining supervisors for the development of the decline and ventilation shafts. The first is on site with the remainder of the team from Redpath expected to mobilise to site in January 2008;
• It is now envisaged that stockpiling of ore will commence during January 2008.

GOLD PROCESSING PLANT

• Discussions with PT Petrosea to refurbish and complete construction of the gold processing plant are well advanced. The scope of work, schedule and costs for the final phase are currently in the process of being finalised.

OTHER

• A revised financial model is currently being finalised to take into account updated development and construction costs and schedules.
• The Company is in advanced discussions involving certain senior management appointments.

Details will be provided at the earliest opportunity.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

19 November

TRENGGALEK PROJECT, INDONESIA - EXPLORATION UPDATE

Austindo Resources Corporation NL (ASX code: ARX) is pleased provide the following update in respect of exploration results from its Trenggalek Project in East Java, Republic of Indonesia.

The Company commenced work on this 17,586 hectare greenfields exploration tenement in the middle of 2006 and has since undertaken prospecting and mapping, mainly over the northern half of the tenement. The project area lies on the Sunda-Banda magmatic arc, which is characterised by high-grade epithermal gold vein deposits at Lebong Tandai (43 t gold at 15 g/t Au) and Lebong Donok (41 t gold at 14 g/t Au) in southern Sumatra, and Gunung Pongkor (103 t gold at 17 g/t Au) and Cibaliung (15 t gold at 10 g/t Au) in western Java.

The presence of high-grade epithermal vein float found in the northern half of the Trenggalek project area has been reported previously in an ARX update released in May 2007, and in the June 2007 and September 2007 quarterlies.

Further prospecting and mapping continued to define moderately high-grade epithermal vein float and mineralised breccia outcrops in new prospect areas. Some of the latest results are summarised in the figure and table below. Five samples of 10 cm to 1.5 m diameter, banded quartz-chalcedony-sulphide float cobbles found on low ridges at the Salak Prospect returned gold results ranging from 6.17 to 14.6 g/t Au.

The Salak prospect lies on the northern projection of the Kojan vein swarm and defines a potential mineralised vein system over 2 km length and showing an en echelon pattern of narrow veins within a 1.5 km wide corridor.

Extensive outcrops of silicified hydrothermal breccia have been chip sampled on the Suruh and Gregah prospects, located about 5 km east of Salak and Kojan prospects. These rocks are strongly anomalous in mercury, arsenic and antimony but weaker in gold. Arsenic, antimony and mercury are also anomalous, although generally less elevated, in the high-grade vein float reported to-date.

The geological and geochemical characteristics of mineralisation found on the Trenggalek Project reflect a hot-spring related epithermal model, in which gold-bearing quartz occurs in veins, stockworks and hydrothermal breccias formed in the uppermost parts of mineralised epithermal systems.

Although there is no significant gold mining recorded in the Trenggalek district, a large number of gold prospects have been identified and exploration to-date has been largely of a reconnaissance nature. Similarities with the high-grade epithermal vein fields of southern Sumatra and western Java are strong and suggest a high potential for the presence of economic gold deposits in the Trenggalek project area.

The Company successfully raised sufficient funding from a recently completed Rights Issue to substantially advance its Cibaliung Gold Project, located in Banten Province of Indonesia, towards first gold production. Further equity raising is required to complete this development, produce positive cash flow and to fund further exploration on projects, such as Trenggalek, which could be rapidly advanced to a drill definition phase by the second half of 2008.

Distribution of gold & mercury results (in ppm) from recent grab sampling
of new vein-float & outcrops found in the northern part of the Trenggalek tenement

Table of best results from recent grab sampling
of vein-float & outcrops found in the northern part of the Trenggalek tenement

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

30 October

Austindo Resources Corporation NL ("ARX" or the "Company") is pleased to announce that it has successfully raised $17,657,276.34 from its Rights Issue which closed on Thursday 25 October 2007.

The Rights Issue was well supported with over one third of all shareholders participating demonstrating strong support for the Company’s strategy for the continued development of the Cibaliung Gold Project.

The Rights Issue take up can be summarised as follows:

The Rights Issue shortfall, post the partial underwriting, was limited to $1,035,298.10 or a shortfall of only 5.5%.

Together with the Placement effected on 24 September 2007 the Company has raised gross proceeds of A$19.9m which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

The Rights Issue was structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company;
• The new shares were offered at 1.0 cents per share;
• Shareholders who subscribed for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Partially underwritten by Austock Corporate Finance Limited to the amount of A$12.4m.

Shares and Options will be allotted to participating shareholders on Tuesday 29 October 2007. The allotment to sub-underwriters will be effected on Wednesday 30 October 2007.

The funds from the recent Placement and this Rights Issue will be used for working capital purposes and costs associated with the ongoing development of the Cibaliung Gold Project in Indonesia in which ARX has an 89.75% interest A portion of these funds may also be applied to near mine exploration at Cibaliung to enhance the resource and reserve base.

This capital raising is part of a continuing strategy to provide a strong financial base for ARX. As stated in the Rights Issue Prospectus, the Company will require further funding to complete the development of the Cibaliung Gold Project, produce positive cash flow and to fund further project and regional exploration. Following the success of the Rights Issue the Board will at an appropriate time in 2008 consider a further equity raising to complete its funding requirements.

This announcement is dated 30 October 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

29 October

12 October

DESPATCH OF RIGHTS ISSUE PROSPECTUS & ENTITLEMENT AND
ACCEPTANCE FORM COMPLETED

Austindo Resources Corporation NL (ASX Code: ARX) is pleased to confirm that it has completed the despatch of its Rights Issue Prospectus and the Entitlement and Acceptance Form to Eligible Shareholders.

The Closing Date for acceptances and payment in full is 25 October 2007.

If the Rights Issue is fully subscribed total gross proceeds (together with the Placement effected in September 2007) of A$20.9m will be raised, which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

The Rights Issue is structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company;
• The new shares are being offered at 1.0 cents per share;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has partially underwritten the Rights Issue in the amount of A$12.4 m.

This announcement is dated 12 October 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

26 September

RENOUNCEABLE RIGHTS ISSUE

On 25 September 2007, Austindo Resources Corporation NL (“ARX” or the “Company”) lodged a prospectus (“Prospectus”) with the Australian Securities and Investments Commission in respect of a pro-rata renounceable rights issue of shares at an issue price of 1.0 cents per share (Rights Issue). A copy of the Prospectus will be mailed to shareholders on 11 October 2007.

Under the Rights Issue, shareholders with a registered address in Australia, New Zealand, Indonesia and Singapore (“Eligible Shareholders”) are being invited to subscribe for 1 New Share for every 1 existing share held as at 5.00 pm (Sydney local time) on 5 October 2007 (“Record Date”) with 1 attaching option for every 10 shares subscribed (“New Option”). Each New Option will entitle the holder to subscribe for 1 share in the capital of the Company for 1.5 cent per share by giving written notice of exercise to the Company on or before 30 June 2012.

The Rights Issue will raise up to $18.7m and is partly underwritten to raise $12.4m.

The proceeds of the Rights Issue will substantially be applied to advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia and for working capital and for costs associated with the issue.

Eligible Shareholders’ entitlements pursuant to this Rights Issue are renounceable and accordingly Eligible Shareholders may:

• take up your Rights in full or in part;
• apply for additional New Shares and New Options;
• sell your Rights on the ASX;
• sell part of your Rights on ASX and take up the balance;
• transfer all or part of your Rights to another person other than via ASX, with or without taking up the balance; or
• do nothing in which case your Rights will lapse.

Shareholders with a registered address outside of Australia, New Zealand, Indonesia and Singapore are not eligible to participate in the Rights Issue(“Ineligible Shareholders”) Austindo has appointed Austock Securities Limited, which has been approved by ASIC as Nominee for the Ineligible Shareholders to arrange for the sale of the Rights which would have been offered to them. Further details of this procedure are set out in the Prospectus.

Further details of the courses of action available to Eligible Shareholders are set out in the Prospectus.

The Rights Issue is partly underwritten by Austock Corporate Finance Limited such that the Rights Issue will raise not less than $12.4m. The full terms and conditions of the underwriting are set out in the Prospectus.

The key information and dates in respect of the Rights Issue are as follows:

Further details on the Rights Issue are contained in the Prospectus. In addition, an Appendix 3B in relation to the Entitlements Issue is attached.

Yours faithfully

Andrew J. Cooke
Company Secretary
Austindo Resources Corporation NL

Tel: 02 9419 8044
Email: andrewcooke@arx.net.au

Appendix 3B (PDF File - 136K)

24 September

AUSTINDO COMPLETES PLACEMENT

On 13 September 2007 Austindo Resources Corporation NL ("ARX" or the "Company") announced it had undertaken a placement of 224,300,000 ordinary fully paid shares in the Company at 1.0 cents per share to raise A$2.243 million ("Placement") as part of a funding strategy to be undertaken in conjunction with a Rights Issue for the continued development of the Cibaliung Gold Project in Indonesia.

The Company is pleased to announce that the Placement has today been completed within the Company’s 15% placement capacity.

The placement was made to an institutional / sophisticated investor client through Austock Corporate Finance Limited pursuant to Section 708 of the Corporations Act 2001. All of the shares issued under the placement will rank pari passu with existing ordinary shares.

In accordance with Section 708A (5)(e) of the Act, the Company gives notice that:

• The Company has issued these shares without disclosure to the placees under Part 6D.2 of the Act;
• As at the date of this notice, the Company has complied with:
  - the provisions of Chapter 2M of the Act as they apply to the Company;
  - Section 674 of the Act
• As at the date of this notice there is no excluded information (as defined in Section 708A (7) of the Act) which is required to be disclosed by the Company.

The Company has also granted 22,430,000 options exercisable at 1.5 cents per share on or before 30 June 2012 to the Placement participant.

RIGHTS ISSUE

The Company aims to release a Prospectus relating to the proposed Rights Issue within the next few days.

The Rights Issue will be offered to existing shareholders on the Record Date with a registered address in Australia, New Zealand, Indonesia and Singapore. It is now anticipated that the Record Date will be on or about 5 October 2007.

The Rights Issue will be structured as follows:

• A renounceable pro-rata entitlement to acquire one new share at 1.0 cent for every existing share (1 for 1) held in the Company to raise up to A$18.7 m;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has advised the Company that it is willing to underwrite A$12.4m of the Rights Issue with the support of significant ARX shareholders. This partial underwriting is subject to finalisation of appropriate legally binding documentation. Full details of the underwriting will be disclosed in the rights issue documentation.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

24 September

NEW ISSUE ANNOUNCEMENT - APPENDIX 3B

PDF FILE (68K)

13 September

• AUSTINDO TO UNDERTAKE PLACEMENT AND RIGHTS ISSUE FOR THE CONTINUED DEVELOPMENT OF THE CIBALIUNG GOLD PROJECT
  
  
• ANZ AND OTHER DEBT PROVIDERS AGREE TO REDUCTION OF DEBT ON BASIS OF DEBT FOR EQUITY SWAP

The Board of Austindo Resources Corporation NL ("ARX" or the "Company") is pleased to announce that it has resolved to proceed with a Placement and a partly underwritten Rights Issue. If the Rights Issue is fully subscribed total gross proceeds (together with the Placement) of A$20.9m will be raised, which is expected to be sufficient to substantially advance the Company towards first gold production from the Cibaliung Gold Project in Indonesia.

PLACEMENT

The Placement will be effected by the Directors within the 15% capacity afforded by ASX Listing Rule 7.1. The Placement comprises the issue of:

• 224,300,000 ordinary fully paid shares in the Company at 1.0 cents per share to raise A$2,243,000; and
• 22,430,000 attaching options exercisable at 1.5 cents per share on or before 30 June 2012.

Austock Corporate Finance Limited will effect the Placement pursuant to Section 708 of the Corporations Act 2001 with institutional/sophisticated investors identified with the assistance of the ARX Board.

An Appendix 3B - Application for Quotation will be lodged with the ASX when the Placement has been completed. The Company intends to apply for the quotation of the options in addition to the new shares.

RIGHTS ISSUE

The Rights Issue will be offered to existing shareholders on the Record Date with a registered address in Australia, New Zealand, Indonesia and Singapore. It is currently anticipated that the Record Date will be on or about 28 September 2007.

The Rights Issue will be structured as follows:

• A renounceable pro-rata entitlement to acquire one new share for every existing share (1 for 1) held in the Company to raise up to A$18.7 m;
• The new shares will be offered at 1.0 cents per share. This represents a 34.3% discount to the 5 day weighted average price of ARX shares to 12 September 2007 of 1.52 cents;
• Shareholders who subscribe for their rights will also be issued with one option for every 10 new shares subscribed for. The options are exercisable at 1.5 cents per share on or before 30 June 2012;
• Austock Corporate Finance Limited has advised the Company that it is willing to underwrite A$11.4m of the Rights Issue with the support of significant ARX shareholders.
  This partial underwriting is subject to finalisation of appropriate legally binding documentation. Full details of the underwriting will be disclosed in the rights issue documentation.

An Appendix 3B - Application for Quotation will be lodged with the ASX when the Rights Issue Prospectus has been completed and lodged with ASIC and ASX. The Company intends to apply for the quotation of the both the new shares and the options to be offered pursuant to this Rights Issue.

FUNDING PROGRAM

The funds from the Placement and Rights Issue will be used for working capital purposes and costs, including holding costs, associated with the ongoing development of the Cibaliung Gold Project in Indonesia in which ARX has an 89.75% interest. Some funds will be applied to further exploration at Cibaliung to enhance the resource and reserve base.

To fund the development of the Cibaliung Gold Project, provide adequate working capital and provide funding for the Company's regional exploration program in Indonesia, a total of US$35m is required. The current capital raising is part of a continuing strategy to provide a strong financial base for ARX, a strategy that has the full support of the Company's major shareholders.

The Placement and Rights Issue if fully subscribed will raise gross proceeds of A$20.9 which is expected to be sufficient to enable the Company to reach first gold pour from the Cibaliung Gold Project. The Company currently has commitments for a minimum of A$13.6m from the Placement and Rights Issue.

The Company will, however, require further funding to complete the project and produce positive cash flow and to fund further exploration. The Board of ARX is proposing that at an appropriate time the Company will consider a further equity raising to complete the balance of the US$35 million funding requirement.

DEBT TO EQUITY CONVERSION

Subject to the completion of the Placement and Rights Issue as outlined above, ANZ has agreed to reduce its project debt to the Cibaliung Gold Project by an amount of A$15.7 million (US$13 million).

The debt reduction will be effected on the basis of a debt for equity swap on the same terms as proposed for the Placement and Rights Issue referred to above. This will require shareholder approval.

In exchange for the debt forgiveness ANZ will be issued approximately 1.6 billion ARX shares and 157 million Options exercisable at 1.5 cents per share on or before 30 June 2012.

In addition, the providers of a US$5m Bridging Loan advanced to ARX in January 2007 have also agreed to participate in a debt for equity swap on the same basis as ANZ. This will result in the providers of the Bridging Loan reducing their corporate debt to ARX by A$3 million (US$2.5 million) and being issued with approximately 303 million ARX shares and 30 million Options exercisable at 1.5 cents per share on or before 30 June 2012.

These transactions are subject to the approval of ARX shareholders and it is anticipated that a Shareholders Meeting to approve these transactions will be held in late October 2007.

The Board of ARX believes that this first phase of funding and the debt to equity conversions referred to above will significantly enhance the Company's position and enable it to materially advance the Cibaliung Gold Project.

CONTINUED DEVELOPMENT OF THE CIBALIUNG GOLD PROJECT

The Company expects that the funds raised from the Placement and Rights Issue if fully subscribed will enable it to:

• Develop the Decline to access the underground ore body and mine ore ready to process;
• Complete the construction and commissioning of the Processing Plant;
• Complete of the Tailings Storage Facility; and
• Establish an ore stockpile in readiness for first gold pour from the Cibaliung Gold Project.

Further funding will be required thereafter to complete the purchase of necessary mobile equipment and infrastructure for ongoing mining operations and decline development, project delivery costs, finance costs, land acquisition costs, contingencies, exploration, operating costs and an initial period of negative cash flow post first gold pour.

The Company looks forward to the continued support of its shareholders to enable it to continue with the development of the Cibaliung Gold Project.


This announcement is dated 13 September 2007.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a highgrade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

27 June

CIBALIUNG GOLD PROJECT AND EXPLORATION UPDATE - 27 JUNE 2007

KEY POINTS:

• Subject to funding, the Company anticipates first gold pour from the Cibaliung Gold Project in the first quarter of 2008;
• Mr. David Pelchen appointed as Senior Mining Engineer on site at Cibaliung;
• Gold Processing Plant 80% complete – work to resume once funding resolved;
• Drill & Blast development of Decline continuing – development now in excess of 200 metres. The Redpath Group of Canada will be engaged to provide further experienced supervisors for the development of the decline;
• Further expenditure of US$30.5 million required to complete the development of the Cibaliung Gold Project through to cash positive status in third quarter 2008;
• Cash Operating Costs increased to US$271 per ounce;
• The conditions precedent in respect of the proposed SEASAF Convertible Notes are not likely to be satisfied or waived by the sunset date of 29 June 2007 and accordingly the Company will explore alternative funding options;
• An alternative funding strategy has been developed to completely restructure the Company and to address the funding requirements of the Company in totality. Each of the Company’s major shareholders has confirmed their support for the recapitalisation strategy. In addition the Company has approached ANZ, other debt providers and potential new equity investors to participate in the proposed restructuring;
• As an integral part of this alternative funding strategy the Company proposes to raise new equity of US$35 million, in effect to replace the SEASAF Convertible Note facility, and to ensure that the Company is adequately funded to complete the development of the Cibaliung Gold Project and pursue and extensive exploration strategy;
• Assuming that this funding is available, the Company’s immediate exploration objective at Cibaliung will be to seek to discover new ore-shoots along strike through systematic drilling. An initial program of up to 10,000 m of diamond drilling is proposed;
• Very encouraging results from vein-float found at Trenggalek suggest the presence of multiple high-grade quartz vein sources within the tenement. Scout drill testing is proposed for early 2008.

THE CIBALIUNG GOLD PROJECT

The Cibaliung Gold Project is operated by PT. Cibaliung Sumberdaya, a joint venture company established between the Company and PT. Antam Tbk (“Antam”).

Cibaliung is located in Banten Province near the western tip of the island of Java, 150km south west of Jakarta. The Company’s interest in the Cibaliung Project stands at 89.75%.

Key development and production parameters for the Cibaliung Gold Project are:

• Two shoot epithermal vein-gold deposit;
• Logistically well located within 4 hour drive from Jakarta;
• Mine life of 6 years with a production rate of 220,000 tonnes per annum with recovery of gold and silver by a conventional CIL processing plant;
• Mining by conventional underground cut and fill stoping with decline access;
• Annual production of approximately 70,000 ozs gold equivalent;
• Subject to funding, the Company anticipates first gold pour in the first quarter 2008.

Appointment of Mr. David Pelchen – Senior Mining Engineer

Mr. David Pelchen was appointed as the Senior Mining Engineer to the Cibaliung Gold Project in April of this year.

Mr. Pelchen has in excess of 24 years mining experience in underground operations of various sizes including 10 years (culminating as General Manager) at the underground Mineral Hill Gold/Copper Mine (Triako Resources LTD) which employed up to 100 people mining at 150,000 to 200,000 t per annum. His experience extends to managing small to medium scale underground mining operations, using Cut and Fill, Shrink, Stope, modified “Avoca”, Room and Pillar and Longhole Open stope mining methods and operations using both contractor and employees workforces.

Mr. Pelchen’s experience is an ideal fit for the Company’s Cibaliung Gold Project where he will be based on site reporting directly the Company’s Chief Operating Officer.

Site Development and Erection of Gold Processing Plant

As previously advised, the Board resolved earlier in the year to put all major works on site on hold in order to conserve cash while funding arrangements were being finalised. The status of the gold processing plant remains substantially unchanged and at the date of this report the status of the project development is summarised as follows:

• Site access roads and bridges have been essentially completed;
• Re-erection of the gold processing plant on site has been 80% completed;
• Installation of CIL tanks and Thickener Tank are 90% complete;
• Installation of the Cyanide mixing is 80% complete;
• SAG Mill installation has commenced and bearing plates have been installed;
• Foundations for crusher 80% complete;
• All Generating Sets for the Power Plant have been installed in preparation for commissioning and connection;
• Elution Circuit and Gold Room Plant are currently all on site ready for installation;
• Tailings Dam construction survey and earthworks have commenced but are on hold.

Work will resume once appropriate funding has been resolved.

Decline Development

Drill and Blast testing was undertaken in December 2006 to verify the suitability of this methodology for the development of a new decline to access the ore body in the ground conditions typically encountered at Cibaliung. The Drill and Blast test work was successful and a new mining plan has now been finalised to access the ore body at the earliest opportunity.

Following the success of the Drill and Blast test work the Company’s own trained mining personnel commenced the development of a new decline. At the date of this report the Company team has safely and successfully developed the new decline to in excess of 200 metres without incident.

A support regime including roof bolts, mesh and fibrecrete has now been adopted and fully costed in the Company’s revised Base Case Financial Model to ensure, so far as is possible, that the difficulties encountered in first decline are not repeated. In addition, the floor of the decline will be concreted where ground conditions require to provide greater rigidity to the decline structure.

The Redpath Group of Canada will be engaged to provide further experienced supervisors for the development of the decline. Redpath has extensive in country experience in underground gold mining and development.

Revised Base Case Financial Model

The Company has finalised a revised Base Case Financial Model (“BCFM”) which identifies a requirement for US$30.5 million in order to complete the development of the project and fund negative cashflow during the initial ramp up period until the September 2008 quarter.

The revised BCFM reflects current estimates of the capital expenditure necessary to complete the development of the project, costs associated with the drill and blast development of the decline, additional holding costs and a negative cashflow during the initial ramp up phase of the project as summarised below:

In addition, the revised BCFM identifies increases in the life of mine cash operating costs from the US$215/ounce advised in October to 2006 to a revised cash operating cost of US$271/ounce.

The increase of US$56/ounce is primarily attributable to the following:

• increased cost of support associated with the use of rock bolts, mesh and fibrecrete for the entire decline development;
• increased diamond drilling in advance of decline and level development;
• increased allowance for labour, employees and employee on-costs;
  
  

SEASAF Convertible Note Facility

On 5 March 2007 the Company announced that it has agreed non-binding indicative terms and conditions in respect of a Convertible Note Facility to raise up to US$25 million with South East Asian Strategic Assets Fund (“SEASAF”) and its advisor CIMB Standard Strategic Asset Advisors Pte Ltd of Singapore in co-operation with Austock Corporate Finance Limited (“Austock”).

This facility was expressed to be subject to the satisfaction of a number of conditions precedent, including, but not limited to, shareholder approval and the preparation of a new engineering/mining plan covering the decline development, steps to be taken to the start of ore extraction and methodology required to ramp-up to full production. The facility term sheet has a sunset date of 29 June 2007.

The Company has endeavoured to satisfy these conditions precedent by the sunset date and has done so in relation to a number of them. However SEASAF has indicated that it has some technical concerns including the impact of dilution, ground conditions and associated support requirements, mining rates and development/production operating costs.

Of the issues identified by SEASAF the impact of dilution was considered to have the most affect on the project economics. ARX believes that regardless, the other issues noted by SEASAF are technically manageable.

The Company believes that stope dilution will be minimised by good mining practice, and where appropriate by positioning of the perimeter holes inside the desired development dimensions to ensure that overbreak is minimised in each blast phase. Furthermore the Company believes that the amount of support installed in the stope prior to each development/stoping cut being fired and the additional diamond drilling will have the effect of mitigating dilution.

The Company has engaged AMC Consultants Pty Limited (“AMC”) (which carried out the resource estimation in 2004) to report on the grade of dilutant material.

After review of the original resource model and the stope designs both AMC and Mining One have concluded that the designed stopes target the higher-grade lode material in the resource model. AMC has reported the total tonnage and grade of possible dilutant material (attributable to overbreak) using a dilution width of 0.5m to be 200,000 tonnes @ 1.5 Au g/t and 34 Ag g/t. AMC has consented to the form and context of the reference to AMC’s work in this statement.

The Company believes that the treatment plant has sufficient capacity to treat whatever dilutant material may be encountered at relatively marginal additional cost.

While the Company has reported these findings to SEASAF and its advisors, the Company does not consider that the conditions precedent in respect of the proposed Convertible Notes are likely to be satisfied or waived by the sunset date of 29 June 2007 and accordingly will explore alternative funding options.

RECAPITALISATION STRATEGY

EXPLORATION - CIBALIUNG, JAVA AND PAPUA

The Company’s broader exploration objective is to discover additional high-grade epithermal gold-silver resources at Cibaliung and on the Company’s other tenements in Java.

The Company is targeting low-sulphidation epithermal gold deposits because typically they host bonanza-grade (>30g/t Au e.g. Gosowong) and high-grade (>10 g/t Au e.g. Pongkor & Cibaliung) ore shoots.

Cibaliung Gold Project, Banten (ARX – 89.75%)

Trenggalek Project, East Java (ARX – 95%)

The aim of future exploration at Trenggalek is firstly, to locate these veins in outcrop and secondly, to scout drill test them starting by early 2008, and if results are encouraging to conduct follow up drilling. All permitting necessary to allow drilling to proceed is in place.

Pekalongan Project, Central Java (ARX – 95%)

The Company commenced exploration work on the 5,618 ha tenement in early 2006 and has conducted prospecting and mapping over the eastern side of the tenement. Similar to Trenggalek, the project area comprises prospective volcano-sedimentary rocks.

Previous exploration in the 1990’s found high-grade vein-gold float surrounded by zones of low-grade gold-silver-lead mineralisation in quartz stockwork at the Kuning Prospect. Exploration will continue to investigate the tenement for high-grade vein-gold targets and aim to advance the project to a scout drilling phase by early 2008 with subsequent follow up drilling if justified by results.

Papua

Aisasjur Project - Anglo Strategic Alliance (ARX – 20%)

The Company has a 20% interest in a strategic alliance with the Anglo American Group (Anglo) to explore for large copper/gold porphyry deposits in Papua. The Company’s interest is fully funded by Anglo through to a development decision.

The first project identified, Aisasjur, covers an area of 9,486 hectares on the Bird’s Head peninsula of West Papua Province. The project area lies within one of Indonesia’s young Tertiary volcano- plutonic arcs and is prospective for both porphyry copper-gold and epithermal gold mineralisation styles.

Eight holes were recently drilled by Anglo for a total of 3,347.9 m on the Aisasjur Prospect. Low-grade copper-gold mineralisation associated with broad zones of alteration and stockworking was intersected in one of the holes and indicates the presence of a blind porphyry system. The encouraging results of this program are the basis for a proposed follow-up drilling program. All exploration at Aisasjur is funded by Anglo.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Brad Wake, who is a member of the Australian Institute of Geoscientists. Mr. Wake has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ Mr. Wake consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

01 June

CHAIRMAN'S ADDRESS

ANNUAL GENERAL MEETING - 31 MAY 2007

Fellow shareholders, the last year has been an eventful one for our Company. This time last year we were looking to be producing gold at Cibaliung by today's date. Instead we have had to deal with a number of issues in relation to the Cibaliung project. After the formal part of the meeting is over we will be having a number of presentations on aspects of Cibaliung - what happened of course, but more importantly, where we are now. Any technical questions you may have can be answered by our Chief Operating Officer, Hermani Soeprapto who you may know is a mining engineer of vast experience and until he joined us, was responsible for the huge Grasberg gold and copper mine in Papua. And our chief geologist Brad Wake will be presenting on the real progress we have made on exploration.

We have been working for a number of months to satisfy conditions precedent to drawdown under the terms sheet we entered into with South East Asian Strategic Assets Fund or SEASAF of Singapore. We have addressed a number of the issues and one of them, shareholder approval, is on the notice paper for our meeting today. It is appropriate that we consider and pass this resolution.

Our discussions with SEASAF, their advisors and ours continue on issues such as project economics and particularly in relation to satisfying their internal hurdle rates. These discussions will continue and from the ARX perspective we will press on and seek to satisfy the conditions precedent to drawdown as soon as we can.

The Listing Rules of the Australian Stock Exchange have a one month limit for approvals of the sort to be considered today. If we do not meet that deadline, then we will address the issue at the time. What we can say is that the convertible notes will not be issued within the 7 days contemplated in the explanatory material sent to shareholders.

We are currently reliant upon and remain committed to SEASAF's timely participation to pursue our corporate program at Cibaliung and absent it, or absent it in a timely fashion, we have to consider other approaches and sources of funding.

Whatever the outcome of our discussions with SEASAF, you can be assured that we will press on to seek the best outcome for our stakeholders under all circumstances.

There nothing further I can say on this issue at this time and when there is something to report, shareholders will be informed.

But having made those points, I would like to move on to other issues which while not as important as funding would still be of interest to us here today. And all of what follows as to future plans is dependent upon new funding being secured.

While the presentations will go into more detail, the core issues faced by us at Cibaliung related to the original contractor not advancing the decline at anything like an acceptable rate and then, to compound matters, what had been achieved was nullified when the roof fell in. We have since abandoned that portal. And parted company with the contractor.

And of course we cannot forget that mining booms generate massive demands for labour and equipment. Everything goes up - particularly engineering and construction costs. We have not escaped this.

There is nothing to be gained by seeking to apportion blame on what has gone on before. There are usually many sides to each story. Most importantly I am one to look forward not back other than for us to learn from past errors and seek not to repeat them.

So what have we done? Well as you know we have appointed Mr. Hermani Soeprapto as COO. Hermani comes to us from a 30 year career with the Freeport-MacMoran group. You will hear from him directly later.

We have strengthened the team at Cibaliung by appointing Mr. David Pelchin, a mining engineer of over 25 years experience to take charge of the decline development and contribute his experience to the ongoing operations at Cibaliung. David started with us in April and is full time on site.

We have had extensive discussions with Redpath Mining, a major Canadian tunnelling contractor which does a lot of work at Grasberg to assist in our project. When we get funding for Cibaliung we propose to contract with them to work with us in the development of our new decline. We are employing Drill and Blast as the principal method of proceeding and as you will see later we have had success with it on the work done to date.

The new mining plan has been revised and reviewed by a range of consultants. It sees us access ore earlier than the original plan albeit at lower grades. However, this will enable us to generate some cash and also get our processing plant working to optimal levels.

We have put expenditure on hold in order to conserve cash. This meant demobilizing contractors engaged in the construction of the processing plant. However, if funding is available we can soon get this back underway - it's nearly 85% complete as it stands - and have it operational in time to mill the first ore.

Upon funding being secured, we propose to appoint Redpath to assist us with the decline and we have been strengthening the management team. Our exploration shows promise. Of that, more later.

We still need to secure a CEO. The present situation where the company is run directly by its board and senior management cannot continue indefinitely. We remain actively looking for a suitable person. I stress, we must find the right person for this role to deal with the Company's issues and advance its interests.

So in looking to the year ahead I want to make the following points:

• We are working on the basis of settling new funding to enable us to pursue our program at Cibaliung and elsewhere in the context of:
  • Our having the situation at Cibaliung under control and being ready to proceed
  • Our moving to pour gold in calendar 2007
  • Promising results at Trenggalek
  • A move to producer status re-rating the Company as a producer with good exploration prospects
    
    
• We are pressing on with our negotiations and discussions on funding. A number of issues remain and we are working to resolve these as expeditiously as possible.

Austindo has many fine assets. The Cibaliung project is largely complete, and our exploration has revealed promising results. We should not forget that. Much has been achieved but it is a fact that we need funding to finish the job.

You can be assured that your Board will continue to seek outcomes as favourable to all as circumstances permit.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focused on developing projects in Indonesia. The company's key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an annual rate of 70,000 oz (gold equivalent).

Two key strategic alliances in Indonesia are taking Austindo closer to achieving its growth objective. In association with Anglo American Group, the Company is exploring for large porphyry copper/gold deposits in Papua. In addition the Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Pekalongan and Trenggalek tenements located in Central and East Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung project.

BOARD OF DIRECTORS
Bruce Watson - Chairman
George Tahija - Non-Executive Director
John Carlile - Non-Executive Director
Christopher Melloy - Non-Executive Director

www.austindoresources.com.au

21 May

NEW HIGH-GRADE VEIN-FLOAT FOUND ON TRENGGALEK PROJECT, EAST JAVA

Austindo Resources Corporation NL (ASX code: ARX) advises that new high-grade vein float has been identified at its Trenggalek Project in East Java, Republic of Indonesia.

The Company commenced work on this 17,586 hectare greenfields exploration tenement in the middle of 2006 and has since undertaken prospecting and mapping, mainly over the northern half of the tenement. The project area is underlain by prospective Oligocene- Miocene age volcanic and sedimentary rocks. The geological setting of this area is similar to that of the Company's Cibaliung mine development in Banten province on the western side of Java, but in contrast, the Trenggalek project area contains no history of gold mining.

Previous exploration of the area in the late 1990's by another company first revealed the presence of high-grade float, traced to narrow epithermal quartz vein outcrops found at the Kojan Prospect and the Buluroto/Sentul prospects, located on the western and southern sides of the current tenement area, respectively. The very encouraging results of our recent prospecting and vein-float sampling, highlighted below, have extended the distribution of known high-grade vein-float occurrences within the tenement area, and these may relate to currently unknown, multiple high-grade quartz vein sources.

Distribution of gold results (in g/t) from recent grab sampling
of new vein-float & outcrops found in the northern part of the Trenggalek tenement

The Kojan Prospect contains a series of sub-parallel quartz-chalcedony-sulphide veins, some of which are up to 2 m wide and with strike-lengths of up to 500 m or more. Recent grab sampling from old trench spoil and patchy outcrops on some of these veins has returned highgrade gold and silver results of up to 28.6 g/t Au and 1000 g/t Ag. Only one of the vein structures was drilled by a previous explorer, and this produced low results from three widely spaced and poorly placed holes.

Strongly mineralised vein float was discovered on a ridgeline located on the northern edge of a hydrothermal eruption breccia defining the Jati Prospect. Four separate grab samples returned gold results ranging from 8.8 to 28 g/t Au from angular banded quartz-chalcedony vein-float cobbles, varying in size from 10 to 35 cm diameter. These four high-grade gold results are distributed over about 200 m along the same ridge-line.

Silicified hydrothermal breccia and quartz-chalcedony-sulphide vein boulders were discovered along creeks draining the Jombok Prospect. The boulders show locally strong concentrations along several tributaries within the prospect area, are angular to subangular in shape, and range in size from about 30 cm to up to 2 m in diameter. These features are collectively interpreted to reflect a number of localised sources rather than significant transportation from a single source. Grab samples of this float have returned up to 45.8 g/t Au in banded vein boulders or in banded vein clasts selectively sampled from breccia boulders.

The Dalangturu Prospect, located northeast of these new high-grade vein-float occurrences, contains mineralised vein stockwork surrounding high-level exposures of silicified breccia caprock and silica sinters. Selective chip sampling of narrow veins (<0.1 - 30 cm wide) within the stockwork has returned gold results ranging from less than 1 to up to 12.7 g/t Au. No gold but up to 2 ppm Hg (mercury) and 160 ppm Sb (antimony) h