ANNOUNCEMENTS

2008 Announcements

13 May

Austindo Resources Corporation NL ("Austindo" or the "Company") is pleased to announce that it has entered into a binding Heads of Agreement with East Asia Minerals Corporation ("EAS") for a farm-out of the Cibaliung Gold Project in Indonesia ("Cibaliung" or the "Project").

The farm-out is conditional upon entering into a definitive Acquisition and Farm-In Agreement on or about 28 May 2008 as well as various approvals including, if necessary, Austindo shareholder approval. The key terms of the farm-out are summarised as follows:

• EAS to contribute US$35 million directly into the Project. For this contribution, EAS will earn a 71.8% interest in the Project, and become the Project manager.
  
  
• In addition, EAS is to assume responsibility for all debt obligations of the Project, which have an outstanding principal amount of US$15 million.
  
  
• The funds contributed by EAS will be applied to advance the Project to positive cash flow, estimated to occur in the 2nd half of 2009, and to near mine exploration with the aim of delineating further reserves and resources.
  
  
• In conjunction, the ANZ is to agree to delay commencement of delivery into the hedge book.

• A significant (non-operator) interest in a gold mine nearing production, where it is estimated that no or minimal additional contributions will be required. Furthermore, the Project will benefit from the strong skills and vision of the new manager, EAS;

• A prospective exploration portfolio in Indonesia, including the Trenggalek and Pekalongan KPs, which will now become the focus of the Company. Austindo expects the current exploration portfolio, along with other potential prospects currently identified, to generate new project opportunities for the Company in the future;

• A strategic alliance with Anglo American Group to explore for large copper/gold porphyry deposits in the Province of West Papua in Indonesia. Together with Anglo, Austindo believes that these areas are highly prospective for large copper gold porphyry deposits;

• A new name, being Arc Exploration Limited; and

• Shares on issue of around 149.8 million, rather than the unworkable 7.5 billion at present, following a 50 for 1 consolidation.

Trenggalek Project, East Java (ARX - 95%)

The Company commenced exploration work on the 17,586 ha tenement in mid-2006 and has conducted prospecting and mapping over the northern half of the tenement. The project area comprises prospective Oligocene-Miocene age volcano-sedimentary rocks similar to those at Cibaliung. Previous exploration in the late 1990's found high-grade float and traced it to narrow epithermal quartz vein outcrops at the Kojan, Buluroto and Sentul prospects. The very encouraging results from sampling of these veins together with results from vein-float found in our recent work suggest the presence of multiple high-grade quartz vein sources within the tenement.

The aim of future exploration is to test the known veins, locate additional veins indicated by float and then to drill test them at the earliest opportunity. 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 with subsequent follow up drilling if justified by results.


Aisasjur Project, Papua - 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.


ABOUT EAST ASIA MINERALS CORPORATION

East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".


KEY TERMS OF THE CIBALIUNG FARM-OUT

The key terms to be contained in the definitive Acquisition and Farm-in Agreement, as detailed in the Heads of Agreement are contained below:

• EAS agrees to invest US$35 million cash to earn a 71.8% direct interest in the Project. Such payment is to be compose of three tranches, being:
  • The first tranche of US$5 million, which will be paid upon execution of the Acquisition and Farm-in Agreement, subject to and conditional on the ANZ agreeing to a restructure of the debt and hedging. The first tranche is to be refundable in certain instances, including PT Antam TBK ("Antam") exercising its pre-emptive right and Austindo not receiving shareholder approval for the farm-out.
  • The second tranche of US$20 million, which will be paid upon Completion, being the last date upon which the last condition precedent is satisfied.
  • The third tranche of US$10 million, which will be paid on an as needs basis, but by no later than 31 December 2008. At Completion EAS will provide Austindo with an irrevocable and unconditional bank guarantee in respect of the payment of this third tranche. In the event the bank guarantee is not paid by the bank, EAS's interest in the Project will be reduced in proportion to its contribution.
    
    
• EAS to assume management responsibilities from the date of payment of the first tranche of US$5 million pursuant to the terms of the Acquisition and Farm-in Agreement.
  
  
• EAS to assume responsibility for all debt obligations of the Project as at the date of Completion. The debt is currently comprised of a primary facility of US$13 million and a US$2 million over-run facility.
  
  
• Austindo and EAS agree to negotiate with the ANZ, as the financier of the Project, to restructure the existing debt and hedging. In this regard, it is contemplated that ANZ would be requested to roll over the earlier hedge contracts on current market terms and delay any principal debt repayments scheduled to occur prior to positive cash flow.
  
  
• Conditions precedent to Completion include:
  • Antam not exercising its pre-emptive right;
  • All necessary approvals being obtained including Austindo shareholder approval if required by ASX;
  • Existing shareholders in the Project joint venture vehicle consenting to the issue or transfer of shares to EAS; and
  • No material adverse effect or material breach of the agreements.
    
    
• Conditions subsequent to Completion:
  • Badan Koordinasi Penanaman Modal approval, being the entity responsible for laws in relation to foreign investment in Indonesia; and
  • Executing an Amended Joint Venture Agreement over the Project.
    
    
• Parties to use best endeavours to achieve Completion within 45 days of execution of the Acquisition and Farm-in Agreement.
  
  
• Common representations and warranties will be provided by Austindo to EAS.

¹. If required by the ASX

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044

Email: andrewcooke@arx.net.au

05 May

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE - BRUCE WATSON

PDF File (148K)

05 May

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE - JOHN CARLILE

PDF File (148K)

21 April

RIGHTS ISSUE COMPLETED RAISING $13.1 MILLION

Austindo Resources Corporation NL (“ARX” or the “Company”) is pleased to confirm the following details in respect of its Rights Issue which closed on 16 April 2008.

The Rights Issue was underwritten by Australia and New Zealand Banking Group Limited (ANZ) to the extent of $10,908,695.

The details of allotment of shares effected today are summarised as follows:

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

21 April

Notice of Annual General Meeting

NOTICE is given that the Annual General Meeting of the Company will be held at Oaks on Collins, 480 Collins Street, Melbourne, Victoria at 10.30 a.m. on Tuesday, 20 May 2008.

ORDINARY BUSINESS

SPECIAL BUSINESS

2007 Annual Report:

The 2007 Annual Report is available on the Company's Website:
www.austindoresources.com.au
and
http://www.austindoresources.com.au/2007Annual Report.html


Proxies

• A shareholder entitled to attend and vote at this meeting is entitled to appoint a proxy or not more than two proxies to attended and vote instead of the shareholder.

• Where two proxies are appointed:

(i) a separate proxy Form, should be used to appoint each proxy;
(ii) the Proxy Form may specify the proportion, or the number, of votes that the proxy may exercise, and if it does not do so the proxy may exercise half of the votes.

• A shareholder can appoint any other person to be their proxy. A proxy need not be a shareholder of the Company. The proxy appointed can be described in the Proxy Form by an office held eg "the Chair of the Meeting".

• In the case of shareholders who are individuals, the Proxy Form must be signed:

(i) if the shares are held by one individual, by that shareholder;
(ii) if the shares are held in joint names, by any one of them.

• In the case of shareholders who are companies, the Proxy Form must be signed:

(i) if it has a sole director who is also sole secretary, by that director (and stating the fact next to, or under the signature on the Proxy Form);
(ii) in the case of any other company by either two directors or a director and secretary.

• If the person signing the Proxy Form is doing so under a power of attorney, or is an officer of a company outside those referred to above but authorised to sign the Proxy Form, the power of attorney or other authorisation (or a certified copy of it), as well as the Proxy form, must be received by the Company by the time and at the place specified below.

• A Proxy Form accompanies this notice. To be effective, Proxy Forms (duly completed and signed) must be received by the Company:

(i) by facsimile on +61 8 8236 2305or
(ii) at the Company's Share Registry :

Computershare Investor Services
GPO Box 242 Melbourne
Victoria 3001 Australia

no later than 48 hours before the time for the holding of the meeting.

SHAREHOLDERS WHO ARE ENTITLED TO VOTE

In accordance with the Corporations Act 2001 (Cth), the directors have determined that a person's entitlement to vote at the meeting will be the entitlement of that person set out in the register of members as at 7.00pm on 18 May 2008.

AUSTINDO RESOURCES CORPORATION NL
(ACN 002 678 640)

EXPLANATORY STATEMENT

ORDINARY BUSINESS

SPECIAL BUSINESS

The Directors believe that the consolidation is fair and reasonable to the Company's shareholders as a whole, and that it will not prejudice the Company's ability to pay its creditors. The consolidation will have no tax implications for security holders whose securities have been consolidated.

The Board unanimously recommends that shareholders vote in favour of this resolution.

In addition, the following table sets out the current entitlement (both direct and indirect) of the Directors to existing options (both listed and unlisted) over fully paid shares in the Company.

Details of other remuneration received by the Directors during the financial year ended 31 December 2007 and disclosed in the 2007 Annual Report are as follows:

(a) Consulting fees of $370,800 were paid or payable to Cubic Corporate Advisory Pty Limited, of which Mr Watson is Managing Director.
(b) Consulting fees of $24,163 were paid or payable to Mr Carlile.
(c) Mr Tahija has waived his entitlement to directors' fees, and no amounts were paid to Mr Tahija for the provision of his services during the year.
(d) The fair value of options at issue date was determined by the Directors having regard to an independent valuation completed by WHK Corporate Advisory Limited in accordance with AASB2 "". Share-based Payment

Based on the above, the value of the Options to be issued are as follows:

Managing Director's Options: $0.004921
Non-Executive Director's Options:

Tranche 1 - $0.002461; and
Tranche 2 - $0.001230

Accordingly the total balance sheet impact attributable to the granting of these options is $216,524 over the 5 year term of the options.

From an economic and commercial point of view the Board considers that the potential cost and detriment to the Company resulting from the granting of these Options is nominal given that the Options are out of the money at the date of the issue and only vest upon the passage of time or the achievement of significant milestones in the Company's ongoing development. Furthermore, the Board considers it important to adequately compensate Executive Directors and non-executive directors in order to attract and retain such people with appropriate qualifications and skills to be able to contribute to the success of the Company.

In determining the number and terms of the options to be issued to each Director, consideration was given to the relevant experience and role of each Director, each Director's overall remuneration terms, the current market price of shares in the Company and the terms of the recent option packages granted to directors of other companies within the sector in which the Company operates.

ASX Listing Rules

ASX Listing Rule 10.11 provides that a company must not issue equity securities to a related party of the company, such as a director, without the company obtaining the approval by ordinary resolution of its shareholders. The Company is seeking approval of shareholders under ASX Listing Rule 10.11 to allow the Company to issue these options (up to a maximum of 64,000,000 options in aggregate) to Mr John Carlile, Mr Bruce Watson, Mr George Tahija. If shareholders approve the issue of options under ASX Listing Rule 10.11, approval is not required under ASX Listing Rule 7.1.

The Options will be issued for no cost and no funds will be raised from the issue of the options unless and until they are exercised. The amount of funds raised from the exercise of all of the options the subject of Resolutions 9 - 11 will amount to a total of approximately $640,000. If such options are exercised these funds will form part of the working capital of the Company.

No other shares or options have been issued to directors of the Company pursuant to any share or option incentive scheme in the past 12 months.

Subject to the approval of resolutions 9 - 11 the issue of a maximum of sixty four million (64,000,000) options, as referred to in these resolutions, will be issued to the Directors (effective as at the date of this meeting) as soon as practicable after the date of the meeting and in any event within one month.

ATTACHMENT A

SUMMARY OF PROPOSED NEW CONSTITUTION

The material provisions of Austindo Resources Corporation NL's ("ARX's") proposed Constitution are summarised below. As it is a summary, it is not exhaustive and should be qualified by the full terms of the Constitution, which is available for inspection on the Company's website (www.arx.net.au) and will be available for inspection at the meeting.

Shares of ARX

The Constitution provides that the Board may issue shares or share options. Any share may be issued with any preferred, deferred or other special right or restriction, whether in relation to dividend, voting, return of capital, or otherwise, as the Board decides.

The rights attaching to the Shares are:

• set out in the Constitution; and
• in certain circumstances, regulated by the Corporations Act, the Listing Rules, the ASTC Settlement Rules and the general law.

• if the meeting was convened by a Shareholder under the Corporations Act, the meeting is dissolved; and
• in any other case, the meeting is adjourned to the next week at the same time and place, or to such other day, time and place as decided by the Board.

01 April

Notice given under Paragraph 2(f) Section 708AA of the Corporations Act 2001("Act").

Austindo Resources Corporation NL ("Austindo") is conducting a rights issue as defined in Section 9A of the Act of ordinary shares in the capital of Austindo without disclosure to investors under Part 6D.2 of the Act on the following terms and conditions:

• Type of offer - renounceable.
• Entitlements - issue of shares to Eligible Shareholders as at the Record Date.
• Offer Price - 0.7 cents per shares.
• Offer Ratio - 1 new share for every 3 shares held on the Record Date.
• Shortfall - Eligible Shareholders may apply for new shares out of any Shortfall.

(i) the provisions of Chapter 2M of the Act as they apply to the Austindo; and
(ii) Section 674 of the Act.

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

27 March

APPENDIX 3B - NEW ISSUE ANNOUNCEMENT

PDF File (96K)

14 March

Notice given under Paragraph 2(f) Section 708AA of the Corporations Act 2001("Act").

Austindo Resources Corporation NL ("Austindo") will conduct a rights issue as defined in Section 9A of the Act of ordinary shares in the capital of Austindo without disclosure to investors under Part 6D.2 of the Act on the following terms and conditions:

• Type of offer - renounceable.
• Entitlements - issue of shares to Eligible Shareholders as at the Record Date.
• Offer Price - 0.7 cents per shares.
• Offer Ratio - 1 new share for every 3 shares held on the Record Date.
• Shortfall - Eligible Shareholders may apply for new shares out of any Shortfall.

(i) the provisions of Chapter 2M of the Act as they apply to the Austindo; and
(ii) Section 674 of the Act.

There is no information that is excluded information as at the date of this Notice.

The issue of Ordinary Shares pursuant to the rights issue may have an effect on control of the Company as the Offer is partially underwritten by Australia and New Zealand Banking Group Limited ("ANZ"). ANZ currently holds 25.05% of the issued capital of the Company and if no eligible shareholder subscribes for shares under the rights issue with the result that ANZ is required to take up its underwriting commitment in full, ANZ would hold 39.60% of the issued capital of the Company.

For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

14 March

A renounceable pro rata offer of New Shares at an issue price of 0.7 cents each on the basis of 1 New Share for every 3 Shares held on the Record Date to raise up to the sum of $13,104,062, underwritten to the extent of $10,908,695.

It does not contain all of the information that an investor would find in a prospectus or which may be required in order to make an informed investment decision regarding, or about the rights attaching to, the New Shares offered by this document.


This document is important and requires your immediate attention. It should be read in its entirety. If you do not understand its content or are in doubt as to the course you should follow, you should consult your stockbroker or professional adviser without delay.

This Offer opens on 2 April 2008
and
closes at 5.00pm Sydney time on 16 April 2008

Valid acceptances must be received before that time.


Please read the instructions in this document and on the accompanying Entitlement and Acceptance Form regarding the acceptance of your entitlement



This Rights Issue is partly underwritten by
Australia and New Zealand Banking Group Limited

Important Information

No person is authorised to give any information or to make any representation in connection with the Offer which is not contained in this Offer Document. Any information or representation not so contained may not be relied on as having been authorised by the Company in connection with the Offer.

Eligibility
Applications for New Shares by Eligible Shareholders can only be made on an original Entitlement and Acceptance Form, as sent with this Offer Document. The Entitlement and Acceptance Form sets out an Eligible Shareholder's entitlement to participate in the Offer.

Overseas shareholders
No action has been taken to permit the offer of New Shares under this Offer Document in any jurisdiction other than Australia, New Zealand, Indonesia and Singapore. The distribution of this Offer Document in jurisdictions outside Australia, New Zealand, Indonesia and Singapore may be restricted by law and therefore persons into whose possession this document comes should seek advice on and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

This Offer Document does not constitute an offer of New Shares in any jurisdiction where, or to any person to whom, it would be unlawful to issue this Offer Document.

This document has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this document and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of Shares may not be circulated or distributed, nor may Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an existing holder of Shares pursuant to Section 273(1)(cd) of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA") or (ii) otherwise pursuant to, and in accordance with, the conditions of an exemption under any provision of Subdivision (4) of Division 1 of Part XIII of the SFA.

Privacy
The Company collects information about each Applicant provided on an Entitlement and Acceptance Form for the purposes of processing the Application and, if the Application is successful, to administer the Applicant's security holding in the Company.

By submitting an Entitlement and Acceptance Form, each Applicant agrees that the Company may use the information provided by an Applicant on the Entitlement and Acceptance Form for the purposes set out in this privacy disclosure statement and may disclose it for those purposes to the share registry, the Company's related bodies corporate, agents, contractors and third party service providers, including mailing houses and professional advisers, and to ASX and regulatory authorities.

If you do not provide the information required on the Entitlement and Acceptance Form, the Company may not be able to accept or process your Application. An Applicant has a right to gain access to the information that the Company holds about that person subject to certain exemptions under law. A fee may be charged for access. Access requests must be made in writing to the Company's registered office.

This document is not a prospectus and does not contain all of the information that an investor would find in a prospectus or which may be required to make an informed investment decision regarding, or about the rights attaching to, the New Shares offered by this Offer Document.


This Offer Document is dated 14 March 2008.