ASARA RESOURCES LIMITED — Capital/Financing Update 2015

Jul 15, 2015

ASX/Media Announcement 16 July 2015

Initial Exploration Target Defined for Korongou

• Further zones of significant bedrock gold mineralisation discovered in Phase 3 RC drilling within the Guitorga auger anomaly at Korongou.

• The best new drill intersections include:

• 10m at 4.5 g/t gold from 15m, including 1m at 11.2 g/t gold and 1m at 20.4 g/t gold (BARC111);

• 8m at 3.0 g/t gold from 82m, including 1m at 15.9 g/t gold (BARC099);

• 17m at 0.7 g/t gold from 54m and 18m at 0.7 g/t gold from 76m (BARC105);

• 19m at 0.9 g/t gold from 5m (BARC102);

• 16m at 0.8 g/t gold from 49m (BARC101).

• An initial Exploration Target of approximately 500,000 ounces to 611,000 ounces of gold at an approximate grade range of 1.8 g/t to 2.2 g/t gold has been identified at Korongou.

• Most of the gold zones included in the Exploration Target are open along strike and at depth.

• In particular, a 900m gap in the drilling between the Guitorga North and Guitorga South areas offers scope to expand the Exploration Target.

• Further drilling, specific gravity measurements, metallurgical testing and resource modelling are planned over the next 9 months to determine the validity of the Exploration Target and to provide a potential maiden Mineral Resource for Korongou.

• Golden Rim has acquired its 90% interest in the Korongou Project.

Cautionary Statement: The potential quantity (tonnage) and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resources and it is uncertain if further exploration will result in the estimation of Mineral Resources.

Golden Rim Resources Ltd ( Golden Rim ; ASX: GMR) today announced that it has received the assay results from its Phase 3 reverse circulation ( RC ) drilling program and that it has calculated on Exploration Target at the Korongou Project in Burkina Faso.

Golden Rim is also pleased to announce that it has acquired its 90% interest in the Korongou Project following payment of the final instalment of US$100,000.

RC Drilling Results

The Phase 3 drilling included 16 holes (BARC096 – BARC111) for a total of 2,112m to follow-up previous significant gold intercepts obtained from drilling in the southern portion of the Guitorga auger gold anomaly at the Banouassi Prospect (Figure 1).

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6005, Australia I PO Box 378, West Perth WA 6872, Australia www.goldenrim.com.au I info@goldenrim.com.au I T + 61 8 9481 5758 I F + 61 8 9481 5759

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The new drilling intersected further zones of significant gold mineralisation and the drill hole location details and gold intercepts are listed in Table 1.

Hole BARC099 was drilled 100m to the NE of previous hole BARC083 which intersected two mineralised zones with 21m at 5.6 g/t gold , including 8m at 11.8 g/t gold (from 13m) followed by 12m at 1.1 g/t gold (from 51m). BARC099 returned intercepts of 4m at 2.0 g/t gold (from 12m) and 8m at 3.0 g/t gold (from 82m), including 1m at 15.9 g/t gold . It is believed that at least part of the mineralisation intercepted in BARC083 has a NE trend and that the intercept in BARC099 has intersected the strike extension of this mineralisation. There is considerable scope to extend this mineralisation to the NE, with further drilling.

Holes BARC100 – BARC105 were drilled to test a coincident magnetic anomaly and the southern portion of the Guitorga auger gold anomaly (>50 ppb gold) that balloons out in the vicinity of BARC083 in an E-W direction. Auger holes within this E-W portion of the anomaly returned high gold results including: 1,368 ppb gold, 1,034 ppb gold, 860 ppb gold and 743 ppb gold.

Most of the new holes drilled along the 1.2km long coincident magnetic and auger gold anomalies returned broad, low grade gold intersections such as:

• BARC101: 16m at 0.8 g/t gold from 49m;

• BARC102: 19m at 0.9 g/t gold from 5m and 5m at 0.7 g/t gold from 30m;

• BARC105: 17m at 0.7 g/t gold from 54m and 18m at 0.7 g/t gold from 76m.

The gold mineralisation in this area remains open along strike and at depth. The intercepts suggest a coherent ESE-trending zone of gold mineralisation lies in this area and that a sizable, possibly low grade, gold resource could be established in this area with further infill drilling.

It is now interpreted that the better intercept in BARC083 (21m at 5.6 g/t gold) may lie at the intersection of NE and ESE-trending zones of gold mineralisation similar to the mineralisation exposed in the MCB and MCA pits (500m to NW).

Hole BARC111 intercepted 10m at 4.5 g/t gold from 15m, including 1m at 11.2 g/t gold and 1m at 20.4 g/t gold . This mineralisation is believed to trend NE and possibly is the same zone that was intercepted in previous hole BARC086 (1m at 14.9 g/t gold from 56m) located 300m to the NE. The mineralisation remains open along strike to NE and SW and at depth and offers an attractive target for follow-up drilling.

Hole BARC098 was drilled 70m beneath BARC083 but did not intersect the gold mineralised zones in BARC083 at the anticipated depth and the mineralisation in this area is now interpreted to dip steeply to the south. A follow-up diamond hole is planned to determine the exact strike and dip of the mineralisation.

Exploration Target

With the completion of the Phase 3 RC drilling at Korongou, an Exploration Target has been calculated for gold mineralisation identified within the Guitorga North, Guitorga South, MCA/MCB Pits and Diabouga areas (Figure 1).

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The initial Exploration Target[1] for Korongou, detailed in Table 1, is estimated in a range of 7,954,000 to 9,722,000 tonnes grading from approximately 1.8 to 2.2 g/t gold and containing approximately 500,000 to 611,000 ounces of gold.

Table 1. Korongou Exploration Target Estimation

Exploration Target Area	Tonnage Range	Tonnage Range	Gold Grade Range (g/t)	Gold Grade Range (g/t)	Gold Ounces Range	Gold Ounces Range
	90%	110%	90%	110%	90%	110%
GuitorgaNorth	2,924,000	3,573,000	1.9	2.4	201,000	246,000
Guitorga South	3,643,000	4,452,000	1.4	1.7	178,000	219,000
MCA/MCB Pits	719,000	879,000	1.8	2.2	47,000	57,000
Diabouga	669,000	818,000	3.0	3.7	73,000	89,000
TOTAL	7,954,000	9,722,000	1.8	2.2	500,000	611,000

Notes:

1) The Exploration Target was estimated using the following parameters: 0.5 g/t gold cut-off grade; maximum of 100m strike extent from drill holes (where the continuity of the mineralisation is supported by mapping, the location of artisanal workings or anomalous auger results); maximum of 70m vertical extent below surface for the Guitorga North, Guitorga South and Diabouga areas; maximum of 120m vertical extent below surface for the MCA/MCB Pits area; minimum downhole intercept width of 2m; and SG of 2.5.

2) A total of 94 RC drill holes were used to prepare the Exploration Target. The holes are generally drilled on lines spaced from 40m – 100m apart, with a spacing along the lines ranging from 40m – 50m.

Exploration Upside

Most of the zones of gold mineralisation included in the Exploration Target are open along strike and at depth. The Exploration Target was only calculated to a maximum of 70m below surface for the Guitorga North, Guitorga South and Diabouga areas. Deeper drilling would allow the Exploration Target to be extended below 70m.

Of particular interest is a 900m gap in the drilling between the Guitorga North and Guitorga South areas which also offers scope to expand the Exploration Target (Figure 1). This gap area lies within the Guitorga auger anomaly and includes highly anomalous auger results up to 4,413 ppb (4.4 g/t), 2,306 ppb (2.3 g/t), 1,537 ppb (1.5 g/t), and 1,464 ppb (1.5 g/t) gold.

Future Work Programme

Further drilling (both diamond and RC), specific gravity measurements, metallurgical testing and resource modelling are planned over the next 9 months to determine the validity of the Exploration Target and to potentially provide a maiden Mineral Resource for Korongou.

Work has currently ceased at Korongou due to the commencement of the wet season and Golden Rim’s field exploration activities are scheduled to re-commence in October 2015.

Golden Rim’s Managing Director, Craig Mackay, said “The initial Exploration Target areas remain open at depth and along strike. The Exploration Target indicates the potential for a near surface gold resource, located in four areas: Guitorga North; Guitorga South; MCA/MCB Pits; and Diabouga. It is now our intention to validate and expand the initial Exploration Target with further drilling, and outline a maiden Mineral Resource at Korongou,” said Mr Mackay.

-ENDS-

1 The potential quantity (tonnage) and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resources and it is uncertain if further exploration will result in the estimation of Mineral Resources

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For further information, please contact:

Craig Mackay Golden Rim Resources Managing Director +61 3 9890 2311

Hayley Butcher Golden Rim Resources Company Secretary +61 8 9481 5758

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Figure 1. Significant RC drilling results (>10mg/t gold) & interpreted zones of gold mineralisation on a satellite image at the Banouassi prospect.

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Table 1. Significant intercepts from the RC drilling at Korongou

Hole ID	Easting (m)	Northing (m)	RL (m)	Dip (o)	Azi. (o)	EOH (m)	From (m)	To (m)	Significant Intersections (>0.5g/t gold)
BARC096	178,794	1,407,377	269	-55	150	100	9	10	1m at 0.7g/t
BARC098	178,264	1,407,768	269	-55	150	204	14	15	1m at 0.6g/t
BARC098							27	29	2m at 1.1g/t
BARC098							58	59	1m at 0.6g/t
BARC098							77	78	1m at 1.6g/t
BARC098							100	101	1m at 0.6g/t
BARC099	178,375	1,407,780	269	-55	150	250	12	16	4m at 2.0g/t,incl. 1m at 6.7g/t
BARC099							30	31	1m at 0.6g/t
BARC099							82	90	**8m at 3.0g/t, incl. 1m at 15.9g/t **
BARC099							121	122	1m at 0.5g/t
BARC099							128	131	3m at 1.1g/t
BARC099							226	227	1m at 0.8g/t
BARC100	178,175	1,407,719	268	-55	150	220	10	18	8m at 0.7g/t
BARC100							85	88	3m at 0.6g/t
BARC100							101	102	1m at 1.0g/t
BARC101	178,441	1,407,655	269	-55	150	120	16	17	1m at 1.6g/t
BARC101							42	43	1m at 1.2g/t
BARC101							49	65	**16m at 0.8g/t **
BARC102	178,560	1,407,607	269	-55	150	100	5	24	**19m at 0.9g/t **
BARC102							30	35	5m at 0.7g/t
BARC102							61	62	1m at 4.3g/t
BARC103	178,534	1,407,653	269	-55	150	100	62	63	1m at 0.8g/t
BARC103							70	74	4m at 0.9g/t
BARC104	178,511	1,407,697	269	-55	150	102	30	31	1m at 1.0g/t
BARC104							37	38	1m at 0.7g/t
BARC105	178656	1407657	267	-55	150	120	29	32	3m at 1.0g/t
BARC105							54	71	**17m at 0.7g/t **
BARC105							76	94	**18m at 0.7g/t **
BARC105							99	100	1m at 0.9g/t
BARC106	178465	1407525	273	-55	150	83	18	25	7m at 0.5g/t
BARC107	177631	1407666	270	-55	150	130	52	54	2m at 0.6g/t
BARC108	177788	1407691	275	-55	150	110	5	7	2m at 3.7g/t
BARC108							22	23	1m at 1.6g/t
BARC109	178610	1407820	277	-55	150	113	41	42	1m at 0.5g/t
BARC110	178571	1407891	280	-55	150	150	18	26	8m at 0.8g/t
BARC110							52	54	2m at 0.5g/t
BARC110							65	67	2m at 1.4g/t
BARC110							97	98	1m at 0.6g/t
BARC111	178548	1407934	277	-55	150	102	1	7	6m at 0.6g/t
BARC111							15	25	10m at 4.5 g/t; incl. 1m at 11.2 g/t **and 1m at 20.4g/t **
BARC111							36	37	1m at 0.5g/t
BARC111							85	92	7m at 0.6g/t

 All holes are Reverse Circulation (RC) holes

• All reported intersections are assayed at 1m intervals

• Intercept cut-off grade is 0.5 g/t gold

 Intervals are reported with a maximum of 4m of internal dilution unless the total intercept grade falls below 0.5 g/t gold

• No top cut applied

• Coordinate projection is UTM, WGS 84, zone 31 North

• Sample preparation and assaying conducted by BIGS Laboratory in Ouagadougou.

• Assayed by 50g charge fire assay with AAS finish

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Appendix 1: JORC Code (2012 Edition), Assessment and Reporting Criteria

Section 1: Sampling Techniques and Data

Criteria		JORC Code Explanation		Explanation
Sampling		Nature and quality of sampling (eg cut		All of the sampling described in this report
Techniques		channels, random chips, or specific		refers to reverse circulation (RC) drill
		specialised industry standard		samples. The RC drilling was used to obtain
		measurement tools appropriate to the		1m samples, from which 2kg was pulverised
		minerals under investigation, such as down		to produce a 50g charge for fire assay.
		hole gamma sondes, or handheld XRF		The RC samples were reduced to a 2kg
		instruments, etc). These examples should		sample by riffle splitting on site.
		not be taken as limiting the broad meaning		Measures were taken to avoid wet RC
		of sampling.		drilling.
		Include reference to measures taken to		Samples were all collected by qualified
		ensure sample representivity and the		geologists or under geological supervision.
		appropriate calibration of any		The samples are judged to be representative
		measurement tools or systems used.		of the rock being drilled, because
		Aspects of the determination of		representative sub sampling of the RC
		mineralisation that are Material to the		samples was achieved.
		Public Report. In cases where ‘industry		Location of each hole was recorded by hand
		standard’ work has been done this would		held GPS with positional accuracy of
		be relatively simple (eg ‘reverse circulation		approximately +/- 5 metres. This was then
		drilling was used to obtain 1 m samples		followed up by surveying with a differential
		from which 3 kg was pulverised to produce		GPS, which is accurate to +/-0.1m in X, Y and
		a 30 g charge for fire assay’). In other cases		Z. Location data was collected in WGS 84,
		more explanation may be required, such as		UTM zone 30N or 31N.
		where there is coarse gold that has
		inherent sampling problems. Unusual
		commodities or mineralisation types (eg
		submarine nodules) may warrant
		disclosure of detailed information.
Drilling		Drill type (eg core, reverse circulation,		RC drilling was carried out sing a 4.5 inch face
techniques		open-hole hammer, rotary air blast, auger,		sampling hammer.
		Bangka, sonic, etc) and details (eg core
		diameter, triple or standard tube, depth of
		diamond tails, face-sampling bit or other
		type, whether core is oriented and if so, by
		what method,etc).
Drill sample		Method of recording and assessing core		RC recoveries are logged and recorded in the
recovery		and chip sample recoveries and results		database. Overall recoveries are >75% for the
		assessed.		RC. There are no significant sample recovery
		Measures taken to maximise sample		problems. A technician is always present at
		recovery and ensure representative nature		the rig to monitor and record recovery.
		of the samples.		RC samples were visually checked for
		Whether a relationship exists between		recovery, moisture and contamination.
		sample recovery and grade and whether		The style of mineralisation, with common
		sample bias may have occurred due to		higher-grade, requires good recoveries to
		preferential loss/gain of fine/coarse		evaluate the mineralisation adequately. The
		material.		consistency of the mineralised intervals and
				density of drilling is considered to prevent
				any sample bias issues due to material loss or
				gain.
Logging		Whether core and chip samples have been		Detailed geological logging has been carried
		geologically and geotechnically logged to a		out on all drill samples, recording lithology,
		level of detail to support appropriate		weathering, structure, veining,

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		Mineral Resource estimation, mining		mineralisation, grainsize and colour.
		studies and metallurgical studies.		Logging of sulphide mineralisation and
		Whether logging is qualitative or		veining is quantitative.
		quantitative in nature. Core (or costean,		The geological logging was done using a
		channel, etc) photography.		standardised logging system. This
		The total length and percentage of the		information and the e sample details were
		relevant intersections logged.		entered into Golden Rim’s drilling database.
				No judgement has yet been made on
				whether the geological logging has been
				sufficient to support Mineral Resource
				estimation.
Sub-sampling		If core, whether cut or sawn and whether		RC samples were collected on the rig using a
techniques and		quarter, half or all core taken.		three-tier riffle splitter. All samples were dry.
sample		If non-core, whether riffled, tube sampled,		Samples were transported by road to BIGS
preparation		rotary split, etc and whether sampled wet		Laboratory in Ouagadougou.
		or dry.		The sample preparation for all samples
		For all sample types, the nature, quality		follows industry best practice.
		and appropriateness of the sample		At the laboratory all samples were weighed,
		preparation technique.		dried and crushed to -2mm in a jaw crusher.
		Quality control procedures adopted for all		A split of the crushed sample was
		sub-sampling stages to maximise		subsequently pulverised in a ping mill to
		representivity of samples.		achieve a nominal particle size of 85%
		Measures taken to ensure that the		passing 75um.
		sampling is representative of the in situ		Field QC procedures involve the use of
		material collected, including for instance		certified reference material as assay
		results for field duplicate/second-half		standards, blanks and duplicates for the RC
		sampling.		samples. The insertion rate of these averaged
		Whether sample sizes are appropriate to		3:30. Field duplicates were taken on 1m RC
		the grain size of the material being		splits using a riffle splitter.
		sampled.		The sample sizes are considered to be
				appropriate to correctly represent the style
				of mineralisation, the thickness and
				consistencyof the intersections.
Quality of assay		The nature, quality and appropriateness of		The laboratory used an aqua regia digest
data and		the assaying and laboratory procedures		followed by fire assay with an AAS finish for
laboratory tests		used and whether the technique is		gold analysis.
		considered partial or total.		No geophysical tools were used to determine
		For geophysical tools, spectrometers,		any element concentrations.
		handheld XRF instruments, etc, the		Sample preparation checks for fineness were
		parameters used in determining the		carried out by the laboratory as part of their
		analysis including instrument make and		internal procedures to ensure the grind size
		model, reading times, calibrations factors		of 90% passing 75 microns.
		applied and their derivation, etc.		Internal laboratory QAQC checks are
		Nature of quality control procedures		reported by the laboratory.
		adopted (eg standards, blanks, duplicates,		Review of the internal laboratory QAQC
		external laboratory checks) and whether		suggests the laboratory is performing within
		acceptable levels of accuracy (ie lack of		acceptable limits.
		bias) and precision have been established.		For RC samples we insert one blank, on
				standard and one duplicate for every 30
				samples.
Verification of		The verification of significant intersections		Sample data is compiled and digitally
sampling and		by either independent or alternative		captured by Golden Rim geologists.
assaying		company personnel.		The compiled digital data is verified and
		The use of twinned holes.		validated by the Company’s database
		Documentation of primary data, data entry		geologist.

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		procedures, data verification, data storage		Reported results are compiled by the
		(physical and electronic) protocols.		Company’s Senior Geologist and the
		Discuss any adjustment to assay data.		Managing Director.
				There were no adjustments to the assay
				data.
Location of data		Accuracy and quality of surveys used to		Down-hole surveys were completed at the
points		locate drill holes (collar and down-hole		end of every hole (where possible) using a
		surveys), trenches, mine workings and		Reflex down-hole survey tool. Measurements
		other locations used in Mineral Resource		were taken at approximately every 50
		estimation.		meters.
		Specification of the grid system used.		At the completion of the program all holes
		Quality and adequacy of topographic		are surveyed with a DGPS, which has
		control.		locational accuracy of +/- 0.1m, X, Y and Z.
				Location data was collected in UTM grid
				WGS84,zone 31north.
Data spacing and		Data spacing for reporting of Exploration		The drill intercepts are irregularly spaced.
distribution		Results.		No judgement has been made on whether
		Whether the data spacing and distribution		the drill density is sufficient to calculate a
		is sufficient to establish the degree of		Mineral Resource.
		geological and grade continuity		There was no sample composting.
		appropriate for the Mineral Resource and
		Ore Reserve estimation procedure(s) and
		classifications applied.
		Whether sample compositing has been
		applied.
Orientation of		Whether the orientation of sampling		All drill holes reported here were drilled
data in relation		achieves unbiased sampling of possible		approximately at right angles to the strike of
to geological		structures and the extent to which this is		the target mineralisation.
structure		known, considering the deposit type.		No orientation based sampling bias has been
		If the relationship between the drilling		identified in the data at this point.
		orientation and the orientation of key
		mineralised structures is considered to
		have introduced a sampling bias, this
		should be assessed and reported if
		material.
Sample security		The measures taken to ensure sample		Samples are stored on site prior to road
		security.		transport by Company personnel to the
				laboratoryin Ouagadougou,Burkina Faso.
Audits or reviews		The results of any audits or reviews of		There has been no external audit or review
		sampling techniques and data.		of the Company’s techniques or data.

Section 2: Reporting of Exploration Results

Criteria		JORC Code explanation		Explanation
Mineral tenement		Type, reference name/number, location		The RC drilling results are from the
and land tenure		and ownership including agreements or		Korongou permit. Golden Rim is in an
status		material issues with third parties such as		agreement to acquire 90% of the Project.
		joint ventures, partnerships, overriding		Tenure is in good standing.
		royalties, native title interests, historical
		sites, wilderness or national park and
		environmental settings.
		The security of the tenure held at the time
		of reporting along with any known
		impediments to obtaining a licence to
		operate in the area.

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Exploration done		Acknowledgment and appraisal of		The area that is presently covered by the
by other parties		exploration by other parties.		Korongou permit has undergone some
				previous mineral exploration.
Geology		Deposit type, geological setting and style		The Korongou Project covers part of a
		of mineralisation.		highly prospective Lower Proterozoic
				Birimian, Samira Hill Greenstone belt and
				is traversed by a significant NE-trending
				fault splay which is connected to the
				major Markoye Fault system. This fault
				system controls a number of major gold
				deposits in Burkina Faso, including Kiaka
				(5.9 Moz), Bomboré (5.2 Moz) and
				Essakan (6.2 Moz).
				The mineralisation lies in a package of
				highly altered volcanic and volcaniclastic
				host rocks and is associated with a major
				gold-in-soil anomaly and a prominent
				dilational structural jog along a regional
				NE-trendingshear zone.
Drill hole		A summary of all information material to		Intercepts that form the basis of this
Information		the understanding of the exploration		announcement are tabulated in Table 1,
		results including a tabulation of the		within the body of this announcement
		following information for all Material drill		and incorporate Hole ID, Easting,
		holes:		Northing, Dip, Azimuth, Depth and Assay
		o easting and northing of the drill hole		data for the mineralised intercepts.
		collar elevation or RL (Reduced Level		Appropriate locality maps for some of the
		– elevation above sea level in metres)		holes also accompanies this
		of the drill hole collar		announcement.
		o dip and azimuth of the hole
		o down hole length and interception
		depth
		o hole length.
		If the exclusion of this information is
		justified on the basis that the information
		is not Material and this exclusion does not
		detract from the understanding of the
		report, the Competent Person should
		clearlyexplain whythis is the case.
Data aggregation		In reporting Exploration Results, weighting		All samples were taken at 1m intervals.
methods		averaging techniques, maximum and/or		For the 0.5 g/t Au cut-off calculations, up
		minimum grade truncations (eg cutting of		to 4m (down hole) of internal waste,
		high grades) and cut-off grades are usually		unless the total intercept grade falls
		Material and should be stated.		below 0.5 g/t gold.
		Where aggregate intercepts incorporate		No weighting or high grade cutting
		short lengths of high grade results and		techniques have been applied to the data
		longer lengths of low grade results, the		reported.
		procedure used for such aggregation		Assay results are generally quoted
		should be stated and some typical		rounded to 1 decimal place.
		examples of such aggregations should be		Metal equivalent values are not reported
		shown in detail.		in this announcement.
		The assumptions used for any reporting of
		metal equivalent values should be clearly
		stated.
Relationship		These relationships are particularly		The orientation of the mineralised zone
between		important in the reporting of Exploration		has been established and the drilling was
mineralisation		Results.		planned in such a way as to intersect

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widths and		If the geometry of the mineralisation with		mineralisation in a perpendicular manner.
intercept lengths		respect to the drill hole angle is known, its
		nature should be reported.
		If it is not known and only the down hole
		lengths are reported, there should be a
		clear statement to this effect (eg ‘down
		hole length,true width not known’).
Diagrams		Appropriate maps and sections (with		Maps are provided in the main text.
		scales) and tabulations of intercepts
		should be included for any significant
		discovery being reported These should
		include, but not be limited to a plan view
		of drill hole collar locations and
		appropriate sectional views.
Balanced		Where comprehensive reporting of all		All sample results containing significant
reporting		Exploration Results is not practicable,		(>0.5 g/t) gold are reported the table in
		representative reporting of both low and		the main text.
		high grades and/or widths should be
		practiced to avoid misleading reporting of
		Exploration Results.
Other substantive		Other exploration data, if meaningful and		There is no other exploration data which
exploration data		material, should be reported including (but		is considered material to the results
		not limited to): geological observations;		reported in the announcement.
		geophysical survey results; geochemical
		survey results; bulk samples – size and
		method of treatment; metallurgical test
		results; bulk density, groundwater,
		geotechnical and rock characteristics;
		potential deleterious or contaminating
		substances.
Further work		The nature and scale of planned further		Further infill drilling is planned to follow
		work (eg tests for lateral extensions or		up the results reported in this
		depth extensions or large-scale step-out		announcement.
		drilling).
		Diagrams clearly highlighting the areas of
		possible extensions, including the main
		geological interpretations and future
		drilling areas, provided this information is
		not commercially sensitive.

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Competent Persons Statement

The information in this report relating to previous auger and RC results is extracted from the announcements Guitorga Gold Anomaly at Korongou Extended dated 29 January 2015 ; Large New Gold Anomalies Outlined at Korongou dated 15 January 2015; Guitorga Gold Anomaly at Korongou Exceeds 3.5km dated 12 February 2015; Quarterly Activities & Cash Flow Report dated 28 April 2015; and Guitorga Delivers Significant Drilling Results dated 11 May 2015 has been reported in accordance with the 2012 edition of the JORC Code. These announcements are available on the Company’s website (www.goldenrim.com.au). The Company confirms that it is not aware of any new information or data that materially affects the information included in these announcements.

The information in this report that relates to exploration results and Exploration Targets is based on information compiled by Mr Craig Mackay, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy. Mr Mackay is a full-time employee of Golden Rim Resources Ltd. Mr Mackay has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Forward Looking Statements

Certain statements in this document are or maybe “forward-looking statements” and represent Golden Rim’s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim’s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

Further Company Information

E: info@goldenrim.com.au W:goldenrim.com.au

Capital Structure

Issued Shares: 1,438,520,000 Unlisted Options: 162,258,400

Major Shareholders Sprott 17.95% Aurora Minerals 13.44% Acorn Capital 10.13% Royal Group, Abu Dhabi 3.79%

Share Registry Security Transfer Registrars Pty Ltd 770 Canning Highway APPLECROSS WA 6153 AUSTRALIA T: + 61 8 9315 2333 F: + 61 8 9315 2233 E: registrar@securitytransfer.com.au

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