NUPOWER RESOURCES LIMITED(NUP)

name changed to Central Australian Phosphate Limited

The suspension of trading in the securities of NuPower Resources Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company

securities suspended pending an announcement

shares suspended from quotation following failure to lodge with ASX, the company's financial reports

suspension of trading is lifted immediately following the lodgement of the Company's financial report

at a General Meeting on 16 February 2007, the Arafura shareholders agreed to a demerger by Arafura of NuPower - resolutions approved a capital reduction by way of an in specie distribution of NuPower ordinary shares and a reduction in the exercise price of the Arafura options on issue - the capital reduction resulted in Arafura distributing 90% of the ordinary shares it owned in NuPower to the Arafura shareholders, who received one NuPower share for every three Arafura shares they held on the Record Date (being 26 February 2007) - also all Arafura option owners at Record Date received one option in NuPower for every three Arafura options they held - Arafura accounted for the distribution of the ordinary shares in NuPower wholly as a return of share capital meaning Arafura shareholders received a capital reduction amount of approximately $0.068 for each of the Arafura shares they owned at Record Date - the tax cost bases of Arafura and NuPower shares are to be reset in a ratio of: 65.99 / 34.01 - for example a shareholder holding 3,000 shares in Arafura prior to the demerger, with a total tax cost base of $1,200 (40 cents per share), would have 3,000 shares in Arafura and 1,000 shares in NuPower post demerger - the total cost base of these shares (3,000 + 1,000) is still $1,200 - the new cost base for each company's shares is apportioned as follows: (3,000 shares x 40 cents = $1,200 $1,200 x 34.01% = $408.12) NuPower Tax Cost Base: 408.12 / 1,000 shares = 40.81 cents Arafura Tax Cost Base: ($1,200 - $408.12) / 3,000 = 26.4 cents

company transfers $8.8 million of cash and a number of mining tenements, tenement applications and tenement rights to NuPower, a wholly-owned subsidiary of Arafura, - these assets relate principally to uranium exploration - as consideration (in part) for the transfer of those assets, NuPower agrees to issue ordinary shares to Arafura