Release: ANZ project finance transaction documents signed with PT Antam Tbk

(Jakarta, December 6,2005)- Austindo Resources Corporation NL is pleased to announce that the Project Facility Agreementin relation to the provision of US$26 million has been signed with ANZ investment Bank in Melbourne and was signed with PT Antam Tbk in Jakarta on 1 December 2005.

The funding to be provided by ANZ will support the development of the Cibaliung Gold Project in Banten province, Indonesia. Construction has commenced on site at Cibaliung with gold production scheduled in Quarter 4 of 2006.

About Austindo Resources Corporation NL

Formed in 1983, Austindo Resources Corporation NL is an Australian listed gold company focussed on developing projects in Indonesia. The company's key project is Cibaliung, a high-grade epithermal gold/silver vein system located southwest of Jakarta in Banten Province, Western Java.Production at Cibaliung is expected to begin during calendar 2006,with an annual production rate of 70,000 oz (gold equivalent) at an average life of mine cash operating costs of approximately US$200 per ounce.

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, and also have a significant joint interest with PT Sumber Mineral Nusantara in the Pekalongan tenement in Central java, an area prospective for low sulphidation epithermal gold/silver deposits similar to the Cibaliung Project. (end of release)