Korab Resources Limited

Korab Resources Ltd (ASX: KOR) advise that it has received from the Northern Territory Department of Primary Industry, Fisheries and Mines a notice of intent to grant Exploration Licences EL25132-EL25135 (inclusive) in the Northern Territory.

Korab Resources (ASX: KOR) wishes to advise, in accordance with the continuous disclosure requirements of ASX listing rules and the Corporations Act 2001, the market of the following price sensitive information.

Directors of Korab Resources Limited (ASX: KOR) are pleased to announce that on 19 April 2006 Mr. Derek Lenartowicz has been appointed as a nonexecutive director of the Company and has ceased to act as an alternate director to Mr. Rodney H. J. Skeet, who is a nonexecutive director of the Company.

Korab Resources Ltd (ASX: KOR) will be presenting at the upcoming AMEC Investing in Mining Stocks forum on Saturday 6 May. The forum begins at 8.30am and is held at the Novotel Langley Perth.

The Northern Territory's potential to host a new uranium deposit will be enhanced from mid year with a decision by Korab Resources Limited (ASX: KOR) to drill its Batchelor uranium project south of Darwin.

Directors of Korab Resources Limited (ASX: KOR) are pleased to announce that Korab has secured additional 48 square kilometres of uranium exploration ground near Rum Jungle historic uranium mine 75 km south of Darwin in the Northern Territory.

Korab Resources Limited (ASX: KOR), a diversified resources explorer and an emerging gold producer is pleased to advise that an exploration licence SEL 24855 covering the northern section of the Batchelor Project near Rum Jungle, 70 km south of Darwin in the Northern Territory has been granted on 24 January 2006. Korab is earning 60% equity in the Batchelor Project from its joint venture partner New World Alloys Limited.

Directors of Korab Resources (ASX: KOR) have made a provisional decision to go ahead with development of Melrose project in Western Australia. Melrose project comprises several gold deposits including Bungarra, Stirling and Boundary.

Directors of Korab Resources Limited (ASX: KOR) are very pleased to announce that Korab Resources has acquired 100% interest in EL24818 which immediately adjoins the Batchelor project at Rum Jungle uranium complex in the Northern Territory of Australia. The ground is highly prospective for uranium, gold and base metals. Korab decided that the project will be called "Green Alligator".