ANNOUNCEMENTS

2008 Announcements

10 December

APPENDIX 3B - NEW ISSUE ANNOUNCEMENT

23 Ordinary Shares issued upon exercise of ARXO Options.

PDF File (264K)

02 December

CHANGE OF REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS

Arc Exploration Limited (ASX Code: ARX) advises that it has relocated it Registered Office and Principal Place of Business to:

C/- Suite 1502, Level 15
Keycorp Tower B
799 Pacific Highway
CHATSWOOD NSW 2067

Tel: + 61 2 9419 8044
Fax: + 61 2 9419 8099

ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Andrew J. Cooke
Company Secretary
Tel: + 61 2 9419 8044
Email: andrewcooke@arx.net.au

14 November

14 November

Arc Exploration Limited advises that activities at the Company's Cibaliung Gold Project site have been reduced to provide for care and maintenance only. This action has been taken to preserve cash pending resolution of project funding.

In order to preserve cash the Company has commenced the process of terminating the employment of staff and contractors on site. A limited number of personnel will be engaged to provide site security and to carry out underground and surface maintenance work.

The ANZ Bank, the project lender, has supported this course of action and provided certain undertakings to the Company to allow it to continue to pursue a funding solution for the Cibaliung Project. The Company is in ongoing discussions with a number of parties in this regard.

In addition the 30 November 2008 Convertible Noteholders have agreed in principle to an extension of the Redemption Date to 29 January 2010.



ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

03 November

30 October

16 October

Arc Exploration Limited advises that ongoing development at the company's Cibaliung Gold Project has been further reduced pending the resolution of project funding.

For the time being activities on site will be limited to underground maintenance and upgrading of site infrastructure in advance of the wet season.

The Company is continuing discussions with a number of parties to earn an interest in the project.





ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

02 October

Arc Exploration Limited advises that it has reached agreement with ANZ Bank to close out the hedge book which was originally put in place in 2006 in conjunction with a project financing for the Company's Cibaliung Gold Project (ARX 95%) located in Banten Province, Java, Indonesia.

As a result, the commitment to deliver 141,796 ounces of gold at US$651.15 and 43,595 ounces of gold at US$658.00 has been extinguished and the project debt has increased from US$20m to US$60m.

Closing of the hedge book means that all of the gold to be produced from the Cibaliung Gold Project will be sold at prevailing spot gold prices and the project revenues will have true exposure to the gold price.

Project Funding

As previously advised, the Company is continuing its discussions with a number of parties to earn a direct interest in the project by funding the remaining development expenditure through to positive cashflow.

The Company is also in ongoing discussions with ANZ Bank regarding existing debt facilities and has accepted an additional cost overrun facility in the amount of US$4 million offered by ANZ Bank. The Company is now proceeding with the various conditions precedent to permit drawdown of this facility at the earliest opportunity.


ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

26 September

Arc Exploration Limited is pleased to confirm further stockpiling of mineralised material on the ROM pad at the Company's Cibaliung Gold Project (ARX 95%) located in Banten Province, Java, Indonesia and that gold grades have exceeded expectations.

Total decline development to date has advanced to 1,160 metres.

The Vent Access cross-cut has intersected the southern end of the Cikoneng shoot at the 1132 mRL. Assay results received for continuous-chip samples taken across the Cikoneng shoot in this cross-cut returned an average grade of 7.2 g/t Au & 42 g/t Ag over an estimated true-width of 3.2 m. The grade & width of the shoot both exceed expectations from this section of the original resource model. These results may also up-grade this area of the Cikoneng shoot into pay-grade ore available for mechanised mining.

Stockpiling of mineralised vein material intersected in the Vent Access cross-cut has presented approximately 200 tonnes of potential ore to the ROM pad to date. Another 200 tonnes of low-grade mineralised wallrock is also stored on the ROM pad.

View of mineralised material stockpiled on ROM pad, looking southwest

Cross-cut No. 1 has progressed along the 1120 mRL and is projected to be within a few metres of the upper middle section of the Cikoneng shoot. Steel sets have been installed to provide additional support due to water ingress from abandoned artisanal workings. As a result of intersecting these workings, it has been possible to dewater the ore-shoot at this level and the water table has dropped considerably. Cross-cut No. 2, only recently commenced at the 1095 mRL, is projected to be approximately 26m from the upper-middle section of the Cikoneng shoot.

Development of the Cibitung decline has now resumed and is advancing well. The focus of underground development has now shifted to the Cibitung decline so that the two ore shoots can ultimately be developed in the most efficient way.

With underground development proceeding substantially in line with the Company's expectations, it has now been agreed with the Redpath Group that their training and supervisory services will be discontinued. The Company now has an experienced team of underground miners and trained supervisors who will continue with ongoing underground development.

The information in this report that relates to Underground Sampling 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.

Project Funding

The Company is continuing its discussions with a number of parties to earn a direct interest in the project by funding the remaining development expenditure through to positive cashflow.

The Company is also in ongoing discussions with ANZ Bank regarding existing debt and hedging facilities. The Company has accepted an additional cost overrun facility in the amount of US$4 million offered by ANZ Bank and is now proceeding with documentation and satisfaction of conditions precedent to permit drawdown of this facility at the earliest opportunity.


ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

11 September

Arc Exploration Limited is pleased to confirm that underground development at the Company's Cibaliung Gold Project (ARX 95%) located in Banten Province, Java, Indonesia has advanced and stockpiling of mineralised material on the ROM pad has now commenced.

Total decline development to date has advanced to over 1,100 metres. Development is currently proceeding on three headings to access the Cikoneng ore shoot. The stockpiling of mineralised rock has commenced from the vent access cross-cut. The cross-cut No. 1 is within 6 m of the projected ore shoot and cross-cut No. 2, which was only recently commenced, is 35m from the projected ore shoot. The Cibitung decline development is currently on hold pending resolution of a longer term financial solution for completion of the mine.

Commencement of stockpiling of mineralised material from the first ore panel.

August 2008 Base Case Financial Model:

As part of the Company's periodic review and update of estimated project costs and funding requirements and finalising the group's half-year financial results, the Company completed a further review of its detailed Base Case Financial Model (BCFM) in late August 2008. The BCFM assumes that first gold pour will not be achieved until the third quarter 2009. Production is projected to ramp up to planned throughput of ~260,000 tonnes per annum over an 18 month period from first gold pour and to achieve positive cash flow in the March quarter of 2010. Net total Development (Capex and Opex less revenue) costs from commencement of construction in July 2005 through to positive cash flow are expected to amount to US$129.2 million. Total development expenditure (excluding project exploration and development prior to July 2005) to 31 August 2008 stands at approximately US$87.7 million. Further funding of US$41.5 million is required to achieve positive cashflow (including an additional provision for contingency but excluding planned exploration at Cibaliung).

In addition, the revised BCFM identifies increases in the life of mine cash operating costs from the US$366/ounce advised in July 2008 to a revised cash operating cost of US$398/ounce.

The increase of US$32 /ounce is primarily attributable to the following:

• increased cost of support associated with more extensive use of rock bolts, mesh and fibrecrete in underground development;
• increased allowance for labour, employees and employee on-costs;
• increased fixed costs over life of mine
• reduced by-product credits with the fall in silver prices

14 July

Arc Exploration Limited ("ARX") is pleased to announce that Mr. Robert Willcocks has been appointed as a Non-Executive Director.

Mr Willcocks is a former senior partner with Mallesons Stephen Jaques, the major Australian law firm and is now a corporate adviser. Mr Willcocks has represented clients in the energy and mining sectors for more than 30 years. He is currently a non-executive director of CBH Resources Limited (listed on the ASX) and of APAC Resources Limited, a Hong Kong listed company (an investor in the resources industry).

Mr Willcocks has had an extensive business career having been at various times a director of BanPu Australia Pty Ltd, Oakbridge Pty Ltd Emperor Mines Limited, Energy World Corporation Limited, eStar Online Trading Limited, RIMCapital Limited (Chairman) and Bond University Limited.

Mr Willcocks was appointed by the Australian Government to be a member of the Australian International Legal Advisory Committee for the term of its program in the 1990s. He is a former member of the Australia-Vietnam Business Council.

The Chairman of ARX Mr Bruce Watson said, "We are delighted to have a businessman of Bob Willcocks' experience joining our Board and look forward to his contribution to the company."

ARX welcomes the appointment of Mr. Willcocks as a Director.


ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

10 July

APPENDIX 3B - NEW ISSUE ANNOUNCEMENT

129 Ordinary Shares issued upon exercise of ARXO Options.

PDF File (216K)

01 July

Shareholders at the Company's Annual General Meeting held on 20 May 2008 approved a change of name from Austindo Resources Corporation NL to Arc Exploration Limited.

The Company has also changed from NL status to become a public limited company.

The change of name to Arc Exploration Limited reflects our focus on Indonesia - and in particular on exploration for high-grade gold-silver and bulk tonnage deposits along the highly prospective Indonesian magmatic arcs.


ABOUT ARC EXPLORATION LIMITED (ARX)

Formed in 1983, Arc Exploration Limited is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

For further information please contact:

Or visit the website www.arcexploration.com.au

10 June

ANZ DEBT FUNDING

Austindo Resources Corporation NL ("Austindo" or the "Company") is pleased to announce that ANZ Bank will provide an additional US$5 million of debt funding to enable the Company to continue development of the Cibaliung Gold Project.

These funds will be applied over the next three months primarily to advance the main Cikoneng decline, vent access and cross-cuts to ore in the Cikoneng ore shoot with the objective of reaching the ore body and commencing the stockpiling of ore. As at 9 June 2008, the decline was less than 50 metres from the Cikoneng ore body.

Work on the gold processing plant over the next three months will be limited to care and maintenance and planning for recommencement of construction when the Company has put in place funding to complete the Project. Other infrastructure works on site have been scaled back to conserve financial resources in the near term.

The Company acknowledges the support for and confidence in the Cibaliung Gold Project shown by its financiers and will over the next three months be seeking long term funding, while continuing with underground development.

The Company had sought voluntary suspension of its securities in the interests of an informed market pending the conclusion of discussions with the ANZ on 6 June 2008. The market now being fully informed the Company has elected to reinstate its securities forthwith.


AUSTINDO'S EQUITY IN CIBALIUNG GOLD PROJECT INCREASED TO 95%

The Company is also pleased to advise that agreement has been reached with PT Antam Tbk for the Company's interest in the Cibaliung Gold Project to increase from 89.75% to 95.0%.


RESTRUCTURING OF AUSTINDO AND ITS TO FOCUS ON EXPLORATION IN INDONESIA

At the Company's Annual General Meeting held on 20 May 2008 shareholder approved a 50 to 1 consolidation of capital and a change of name to Arc Exploration Limited. The change of name is to become effective on 28 June 2008.

This restructuring is part of a strategy to build on the Company's demonstrated exploration strengths in Indonesia.

In accordance with this strategy and with the support of ANZ as referred to above, the Company will:

• Continue mine development at Cibaliung while also pursuing alternatives to secure the necessary funding to complete the project;

• Pursue other exploration opportunities in Indonesia, including the Trenggalek and Pekalongan KPs in Java and the Bima KP in Sumbawa;

• Maintain its strategic alliance with Anglo American Group to explore for large copper/gold porphyry deposits in the Province of West Papua in Indonesia.

• Seek to generate new project opportunities and strategic relationships in Indonesia.

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.


Bima Project, Sumbawa (ARX - 95%)

On 28 May the Company announced that it had secured a new joint venture interest in the Bima Project.

The Bima project covers an area of 24,980 ha in West Nusa Tenggara Province, East Sumbawa on a segment of the highly prospective Sunda-Banda Magmatic Arc, which is host to the giant Batu Hijau porphyry copper-gold deposit, located in west Sumbawa. This new project is prospective for both high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

The initial program at Bima will comprise regional mapping and drainage sampling in the first twelve-months of the KP permit to identify prospects for detailed exploration and evaluation.


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.


For further information please contact:

Andrew J. Cooke
Company Secretary

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


ABOUT AUSTINDO RESOURCES CORPORATION NL

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains a 95% interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

Shareholders at the Company's Annual General Meeting held on 20 May 2008 approved a number of measures to restructure the Company. A 50 to 1 consolidation of capital was approved which resulted in the Company's issued capital reducing to some 150 million ordinary fully paid shares.

In addition shareholders approved a change of name to Arc Exploration Limited to reflect the Company's future direction as an explorer. The change of name will become effective on 28 June 2008.

www.austindoresources.com.au

03 June

East Asia Minerals Corporation has advised Austindo Resources Corporation NL ("Austindo") that it will not be proceeding with the proposed farm-out of the Cibaliung Gold Project in Indonesia (the "Project").

Austindo will review its position in respect of the Project with appropriate stakeholders and report further to the market at the earliest opportunity.

For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains an interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

Shareholders at the Company's Annual General Meeting held on 20 May 2008 approved a number of measures to restructure the Company. A 50 to 1 consolidation of capital was approved which will result in the Company's issued capital reducing to some 150 million ordinary fully paid shares. The Company's ASX code is ARXDA while the consolidation of capital is being finalised and will revert to ARX thereafter.

In addition shareholders approved a change of name to Arc Exploration Limited to reflect the Company's future direction as an explorer. The change of name will become effective towards the end of June 2008.

www.austindoresources.com.au

28 May

As previously advised a consolidation of capital (the "Consolidation") was approved by shareholders at the Company's Annual General Meeting held on 20 May 2008.

The Consolidation has today been effected on the basis of every fifty (50) fully paid ordinary shares in the capital of the Company being consolidated into one (1) fully paid ordinary share in the capital of the Company.

As a result the Company's quoted issued capital is now comprised of:

• 149,761,559 fully paid ordinary shares (ARX - currently trading on a deferred settlement basis as ARXDA); and

• 7,940,881 options exercisable at 75 cents with an expiry date of 30 June 2012 (ARXO - currently trading on a deferred settlement basis as ARXDB)

ABOUT AUSTINDO RESOURCES CORPORATION NL

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.
In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.
The Company also retains an interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

Shareholders at the Company's Annual General Meeting held on 20 May 2008 approved a number of measures to restructure the Company. A 50 to 1 consolidation of capital was approved which will result in the Company's issued capital reducing to some 150 million ordinary fully paid shares. The Company's ASX code is ARXDA while the consolidation of capital is being finalised and will revert to ARX thereafter.

In addition shareholders approved a change of name to Arc Exploration Limited to reflect the Company's future direction as an explorer. The change of name will become effective towards the end of June 2008.

www.austindoresources.com.au

28 May

Austindo Resource Corporation NL (ARX) - (ASX Code: ARXDA pending finalisation of capital reconstruction) announced today that a new exploration area in Indonesia has been granted in which ARX has a 95% joint venture interest.

This represents a significant first step forward in the company's exploration strategy focusing on opportunities in the highly prospective Indonesian magmatic arcs.

The new tenement, known as Bima, has been granted under a Kuasa Pertambangan ("KP") held by P.T. Sumber Mineral Nusantara with whom ARX has a joint venture relationship.

The KP covers an area of 24,980 ha in West Nusa Tenggara Province, East Sumbawa. The Bima KP lies on a segment of the highly prospective Sunda-Banda Magmatic Arc, which is host to the giant Batu Hijau porphyry copper-gold deposit, located in west Sumbawa. The new KP area is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

The Company will undertake regional mapping and drainage sampling in the first twelve-months of the KP permit to identify prospects for detailed exploration and evaluation.

"The granting of the new Bima KP is an excellent example of Austindo's renewed focus on exploration with the objective of discovering and proving up high-grade bulk gold-base metal resources", Austindo's Managing Director Mr. John Carlile said.


ABOUT AUSTINDO RESOURCES CORPORATION NL

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia.

The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for high-grade epithermal gold/silver deposits. The Company also holds a 95% joint venture interest in the Bima prospect in East Sumbawa which is prospective for high-grade epithermal gold-silver and bulk tonnage porphyry-style gold-base metal deposits.

In addition, the Company has a strategic alliance with the Anglo American Group to explore for large porphyry copper/gold deposits in Papua.

The Company also retains an interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

Shareholders at the Company's Annual General Meeting held on 20 May 2008 approved a number of measures to restructure the Company. A 50 to 1 consolidation of capital was approved which will result in the Company's issued capital reducing to some 150 million ordinary fully paid shares. The Company's ASX code is ARXDA while the consolidation of capital is being finalised and will revert to ARX thereafter.

In addition shareholders approved a change of name to Arc Exploration Limited to reflect the Company's future direction as an explorer. The change of name will become effective towards the end of June 2008.



For further information please contact:

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044

Email: andrewcooke@arx.net.au

21 May

A consolidation of capital (the "Consolidation") was approved by shareholders at the Company's Annual General Meeting held on 20 May 2008.

The Consolidation will take place on the basis of every fifty (50) fully paid ordinary shares in the capital of the Company being consolidated into one (1) fully paid ordinary share in the capital of the Company. As a result the Company will have approximately 150 million shares on issue rather than an unmanageable 7.5 billion. This process forms part of a re-launching of the Company, together with a change of name to Arc Exploration Limited, to reshape and reflect its future direction as an explorer.

Convertible Notes and Options will be adjusted on the same consolidation ratio of 50 to 1.

The timetable for the consolidation is as follows:

The Chairman - Mr. Bruce Watson commented on the restructuring of the Company and its future as an explorer, saying:

"Today marks a new beginning for our company. With the East Asia transaction we retain a significant share in a producing gold mine and are freed up to undertake what we do best, exploration in Indonesia. Our company has had great success in this area and going forward we will concentrate on these strengths.

In order to highlight the new direction for our company, a new name Arc Exploration Limited is proposed which reflects our focus on Indonesia - and in particular on exploration for high-grade gold-silver and bulk tonnage deposits along the highly prospective Indonesian magmatic arcs.

We are dropping the NL status to become a public limited company and consolidating our shares. These steps are part of a re-launching of the company to reshape and reflect its new direction.

We have valuable properties at Trenggalek and Pekalongan and long standing relations with companies like PT Aneka Tambang and Anglo American. As Arc Exploration we will focus on these assets and on securing new opportunities.

We are confident that in time Cibaliung will be a valuable asset and we expect to participate in the further growth of that asset while exploration success is achieved at the same time.

Finally, we look forward to your continued support of Arc Exploration Limited and its future as a focused exploration company."

The change of name to Arc Exploration Limited will be effective on and from the date on which the change in the Company's type from a public no liability company to a public company limited by shares pursuant to section 164(6) of the Corporations Act 2001 (Cth) becomes effective. This process involves an application to ASIC and becomes effective one month after publication in the Government Gazette. Accordingly it is anticipated that the change of name will be effective towards the end of June 2008.


For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia. The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits.

In addition the Company has a strategic alliance in Indonesia with the Anglo American Group which is exploring for large porphyry copper/gold deposits in Papua.

The company's also retains an interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

www.austindoresources.com.au

20 May

Outcome of Annual General Meeting

The Company's Annual General Meeting of Shareholders was held in Melbourne today in accordance with the Notice of Meeting issued to all shareholders.

The resolution to adopt the Remuneration Report was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to re-elect Mr. Bruce Watson was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to re-elect Mr. George Tahija was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a 50 to 1 Consolidation of Capital was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a change in the type of Company from NL to Limited was passed as a Special Resolution by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to adopt a new Constitution was passed as a Special Resolution by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a Change of Name to Arc Exploration Limited was passed as a Special Resolution by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a grant of options to Mr. John Carlile was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a grant of options to Mr. Bruce Watson was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

The resolution to approve a grant of options to Mr. George Tahija was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

An informal presentation made after the meeting in annexed hereto.


Yours sincerely


Andrew J Cooke
Company Secretary

20 May

The last year has been a challenging one for our Company. We have faced many issues with our project at Cibaliung including delays, poor ground conditions, industry wide cost increases and difficulties in funding the mine through to completion.

Nevertheless, we have made real progress on site with, as I speak, only 65 meters to drive to the first ore panel and about three month's worth of work to complete the processing plant. Work on the tailings dam and other site infrastructure is also underway.

To complete the project and continue operations requires funding and material funding at that. During the year and up to date this year we raised A$39.2 million and around 50% of our debt was capitalized: however in the order of US$35m is still required to complete the project and become cash flow positive.

To procure the funding we needed, we approached various financial intermediaries and industry participants both in and out of Australia. This resulted in our announcement of last week whereby East Asia Minerals of Canada has agreed, subject to conditions being satisfied, to farm into Cibaliung providing US$35m and also to assume responsibility for the project's debt in exchange for a 72% interest. At the end of this process we expect to retain in the order of 23% of a completed Cibaliung Project.

Despite the difficulties encountered in bringing Cibaliung into production this is a relatively positive outcome for Austindo in the circumstances.

Today marks a new beginning for our Company. With the East Asia transaction we retain a significant share in a producing gold mine and are freed up to undertake what we do best, namely exploration in Indonesia. Our company has had some great successes in this area and going forward we are going to concentrate on these strengths.

We are now focusing on the future. In order to highlight the new direction for our company, a new name is proposed. Arc Exploration Limited reflects our focus on Indonesia - and in particular on exploration for high-grade gold-silver and bulk tonnage deposits along the highly prospective Indonesian magmatic arcs. In January this year we appointed John Carlile as Managing Director and Cahyono Halim as Chief Financial Officer. Both bring immense experience to our Company.

We are dropping the NL status and becoming a public limited company. Furthermore, we are consolidating our shares so that we will have approximately 150 million shares on issue rather than an unmanageable 7.5 billion. These steps are part of a re-launching of the Company to reshape and reflect our future direction.

We have valuable properties at Trenggalek and Pekalongan and long standing relations with companies like PT Aneka Tambang and Anglo American. As Arc Exploration we will focus on these assets and on securing new opportunities.

We are confident that in time Cibaliung will be seen as a valuable asset and we expect to participate in the further growth of that asset as exploration success is achieved.

I would also like to take this opportunity to thank all stakeholders in ARX for their patience. It has not been an easy road and particularly for employees it has been an uncertain time. I would also like to thank all of those, including interests associated with each board member and other members of the senior management team, who stepped up and supported the Company financially when asked to do so.

Finally, we look forward to your continued support of Arc Exploration Limited and its future as a focused exploration company.


For further information please contact:

ABOUT AUSTINDO RESOURCES CORPORATION NL (ARX)

Formed in 1983, Austindo Resources Corporation NL is an Australian listed exploration company focused on exploring Indonesia. The Company has a 95% joint venture interest with PT Sumber Mineral Nusantara in the Trenggalek and Pekalongan and tenements located in East and Central Java respectively, areas prospective for low sulphidation epithermal gold/silver deposits.

In addition the Company has a strategic alliance in Indonesia with the Anglo American Group which is exploring for large porphyry copper/gold deposits in Papua.

The company's also retains an interest in the Cibaliung Gold Project, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, western Java. Cibaliung is expected to produce at an overall annual rate of 70,000 oz (gold equivalent).

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

www.austindoresources.com.au

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.

14 March

APPENDIX 3B - NEW ISSUE ANNOUNCEMENT

PDF File (100K)

07 March

APPENDIX 3Y - CHANGE OF DIRECTOR'S INTEREST NOTICE - GEORGE S. TAHIJA

PDF File (16K)

07 March

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

PDF File (16K)

06 March

Austindo Resources Corporation NL ("ARX" or the "Company") is pleased to confirm that the Debt to Equity Swap approved by shareholders at the General Meeting held on 31 January 2008 has now been completed with the allotment of shares and options to the Australia and New Zealand Banking Group Limited ("ANZ") and other debt providers.

The details of shares and options allotted are summarised as follows:

As a result of the completion of the debt to equity swap process ANZ now holds 25.05% of the issued capital of the Company and has become the Company's largest shareholder. The Board welcomes the continued support of ANZ.

UPDATE ON DEVELOPMENT OF CIBALIUNG GOLD PROJECT

• Work on site resumed late in the December 2007 quarter.
• Total decline development to date has advanced to over 600 metres. Following significant overbreak on the main heading recent development has focussed on remedial work in the decline which has delayed access to the ore body and may delay first gold pour beyond the current target date of second quarter 2008. The Company is investigating the acquisition of an additional shotcrete machine to speed up underground development work.
• The Redpath Group has mobilised to site and is assisting in the development of the decline and the Cikoneng ventilation shaft.
• PT Petrosea has re-commenced construction of the gold processing plant. Cullen Mining Services Pty Ltd are engaged as Project Manager in respect of the construction and commissioning of the gold processing plant.
• A revised Base Case Financial Model (BCFM) was completed in January 2008. The BCFM assumes that first gold pour will be achieved by the target date of second quarter 2008. Production is projected to ramp up to planned throughput of 240,000 tonnes per annum over a 16 month period from first gold pour and to achieve positive cash flow in the September quarter of 2009. Total Development (Capex and Opex) costs from commencement of construction in July 2005 through to positive cash flow are expected to amount to US$112.5 million. Total development expenditure (excluding project exploration and development prior to July 2005) to 29 February 2008 stands at approximately US$72.5 million. Further funding of US$40 million is required to achieve positive cashflow (including an additional provision for contingency but excluding planned exploration at Cibaliung).

Leigh Curyer
Gryphon Partners

Tel: + 61 8 8418 8525
Email: rg@gryphonpartners.com.au

STATEMENT IN ACCORDANCE WITH SECTION 708A (5)(e)

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.

Andrew J. Cooke
Company Secretary

Tel: + 61 2 9419 8044

Email: andrewcooke@arx.net.au

31 January

The Company's General Meeting of Shareholders was held in Melbourne today in accordance with the Notice of Meeting issued to all shareholders.

Resolution 1 to issue up to 1,600,000,000 ordinary shares and 160,000,000 options to ANZ was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 2 to issue up to 180,000,000 ordinary shares and 18,000,000 options to PT Austindo Nusantara Jaya was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 3 to issue up to 30,000,000 ordinary shares and 3,000,000 options to Mr. John Carlile was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 4 to issue up to 45,000,000 ordinary shares and 4,500,000 options to Auselect Limited was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 5 to issue up to 45,000,000 ordinary shares and 4,500,000 options to Mr. Hermani Soeprapto was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 6 to issue up to 112,500,000 ordinary shares and 11,250,000 options to Macquarie Bank Limited was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 7 to issue up to 87,500,000 ordinary shares and 8,750,000 options to HSBC Custody Nominees (Australia) Limited was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Resolution 8 to issue up to 224,300,000 ordinary shares and 22,430,000 options for the purpose of Listing Rule 7.4 was passed by a show of hands.

Proxy details in respect of this resolution were as follows:

Yours sincerely


Andrew J Cooke
Company Secretary

04 January

SENIOR MANAGEMENT APPOINTMENTS MADE AT AUSTINDO RESOURCES CORPORATION NL

Austindo Resources Corporation NL is pleased to announce the following senior management appointments.

Mr John Carlile has been appointed Managing Director effective 14 January 2008 for a one year term, extendable by mutual agreement. Mr Carlile is an exploration geologist by background. He was the Managing Director of the Company between 1998 and 2002 and was Chairman of Pearl Energy Limited, an oil and gas company, which was listed on the Singapore Stock Exchange until mid 2006. Mr Carlile will be based in Jakarta.

Mr Cahyono Halim has been appointed Chief Financial Officer and will also be based in Jakarta. Mr Halim was previously Treasurer at Pearl Energy Limited and held a senior finance role with the ANJ Group in Indonesia and before that, was with Citibank.

The Chairman of ARX Mr Bruce Watson said, "These appointments will greatly assist ARX to drive development of its Indonesian assets, particularly focusing upon bringing the Cibaliung Gold Project on stream as quickly and as cost effectively as possible."

Mr Chris Melloy, has resigned from the Board. Mr Melloy is an Executive Director of the Manager of Lion Selection Limited and foreshadowed to the Board during 2007 his intention to resign, as Austindo moves closer to production. “Chris Melloy made a major contribution to Austindo over an extended period of time." said Mr Watson. "The Board thanks him for his valuable contribution and wishes him well."

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.

www.austindoresources.com.au

04 January

FINAL DIRECTOR'S INTEREST NOTICE - APPENDIX 3Z