ANNOUNCEMENTS

2008 Announcements

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 north