Note for intended users of this Prospectus:

Please read this notice and disclaimer in order to view the Prospectus.

1. Alara Uranium Limited ABN 27 122 892 719 ("Company"; Proposed ASX Code: "AUQ") lodged a prospectus ("Prospectus") with the Australian Securities and Investments Commission ("ASIC") on 3 April 2007.
2. The Prospectus relates to the offer of up to 24 million shares at 25 cents per share (to raise $ 6 million) with minimum subscriptions of $4 million (16 million shares) and oversubscriptions of up to a further $4 million for a maximum total issue of $10 million (40 million shares) (the "Offer").
3. This file contains an electronic reproduction of the Prospectus.
4. Persons who access the Prospectus in electronic form should note that the securities offered by this Prospectus should be considered speculative. Before deciding to invest in the Company potential investors should read the entire Prospectus and in particular consider the risk factors that could affect the financial performance of the Company. You should carefully consider these risks in light of your personal circumstances (including financial and taxation issues) and seek professional advice from your accountant, stockbroker, lawyer or other professional adviser before deciding to lodge an Application Form.
5. During the exposure period, which is a period of seven days from the date of lodgement or such other period (not exceeding 14 days after the lodgement date) as ASIC may require, the posting of the Prospectus on this website does not constitute any offer of shares in AUQ.
6. Following the expiry of the exposure period, the Offer described in the Prospectus is available to persons receiving the electronic version of this Prospectus. Shares in AUQ will only be issued on the basis of a printed Application Form issued together with the Prospectus.
7. Please note there is no facility for the Application Form to be lodged electronically.
8. The offer of securities to which the Prospectus relates is only available to persons receiving this Prospectus in electronic form within Australia. The Prospectus does not constitute an offer or an invitation in any place outside Australia where, or to any person to whom, it would be unlawful to make such an offer or invitation.
9. Users of the Application Form included in the Prospectus should note:
1. the Prospectus contains information regarding investing in the securities referred to in the Application Form;
2. potential investors are strongly advised to read the entire Prospectus before applying for the securities; and
3. a person who gives another person access to the Application Form must at the same time and by the same means give the other person access to a complete and unaltered copy of the Prospectus and any supplementary document.

THE CLOSING DATE UNDER THE PROSPECTUS HAS BEEN EXTENDED BY ONE DAY TO 5:00PM WST, 9 MAY 2007.

During the Offer Period, the Company will send paper copies of the Prospectus, any supplementary document and the Application Form, on request and without charge. In this regard, please contact:

Alara Uranium Limited
Email: info@alarauranium.com
Telephone: 9214 9787

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