Carnavale Resources Limited

AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that a farm out agreement has been entered into between Alpine Oil & Gas Pty Ltd ('AOG') (a wholly-owned subsidiary of AuDAX) and Gulfsands Petroleum Plc ('Gulfsands') in relation to AuDAX's Kerkouane licence ("Kerkouane Permit") and the adjacent exploration permit in Southern Italy (G.R15.PU, known as the Pantelleria Licence) which are together described here in as the Sicily Channel Exploration Permits (the 'Farmin Agreement'). This Farmin Agreement concludes the formal farmin documentation required by AuDAX for the funding of the Lambouka -1 exploration well.

AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) releases Quarterly Activities Report Ending 31 March 2010.

AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that it has signed a farmin agreement with Bombora Energy Pty Ltd for participation in exploration of the two contiguous offshore Exploration Permits, G.R15.PU and Kerkouane (the "Permits").

ABN Newswire stocks to watch today include: AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), AusTex Oil Limited (ASX:AOK) (PINK:ATXDF), Universal Resources Limited (ASX:URL), Coalspur Mines Limited (ASX:CPL) (PINK:CSPZF), Adelaide Energy Limited (ASX:ADE) (PINK:ADEZF), Burleson Energy Limited (ASX:BUR), Beach Energy Limited (ASX:BPT) (PINK:BEPTF) and Otto Energy Limited (ASX:OEL) (PINK:OTTEF).

AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF) is pleased to announce that it has signed a farm-in agreement with Carnavale Resources Ltd (ASX:CAV) for participation in exploration of AuDAX's two contiguous offshore Exploration Permits, G.R15.PU and Kerkouane (the "Permits").