ASPIRE MINING LIMITED — Interim / Quarterly Report 2009

Jul 27, 2009

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WINDY KNOB RESOURCES LIMITED ACN 122 417 243

Suite 9 1200 Hay Street West Perth WA 6005 Telephone: 08 6460 4960 Facsimile: 08 9324 3045 www.windyknobresources.com.au

28 July 2009

Company Announcements Office ASX Limited Fourth Floor 20 Bridge Street Sydney NSW 2000

JUNE QUARTER ACTIVITIES REPORT

The directors of Windy Knob Resources Limited (“Windy Knob” or the “Company”) are pleased to present the Company’s June quarterly report.

Windy Knob Bore Prospect, Western Australia (Windy 100%, reducing to 49%)

During the quarter the Company reached an agreement with Emu Nickel NL (ASX:EMU) to include an additional exploration license (E51/1300) in the joint venture 50km SSE of Meekatharra, increasing the JV area from 183sq km to 273sq km – see Figure 1. Under the terms of the amended joint venture agreement EMU may earn a 51% interest in the expanded JV by expenditure of $450,000 within three years.

The decision to expand the JV resulted from the recognition of several favourable factors:

• The prospective Windaning Formation which hosts the Austin volcanogenic massive sulphide (VMS) copper-zinc-gold discovery extends through the northern portion of the tenements.

• The paleochannel hosting the Cogla Downs, Murchison Downs and Nowthanna uranium deposits extends across the central part of the tenements

• The very limited modern exploration completed on E51/1300.

The Windaning Formation consists of interbedded jaspilitic banded iron formation, felsic volcaniclastic sediments, tuffs and minor volcanics. The nearby Austin VMS deposit is interpreted to have been deposited within this volcano-sedimentary sequence. An estimated 30km strike length of the Windaning Formation occurs within the expanded JV tenements.

As previously reported, (Windy Knob ASX release 29 June 2009) Emu recently completed a VTEM survey over part of the JV area. This survey identified a large conductive zone interpreted to occur within a paleochannel as shown in Figure 2. This tributary paleochannel joins the Nowthanna drainage system downstream from the Nowthanna uranium deposit. The VTEM conductor may indicate the presence of carbonaceous material within the paleochannel which could form a favourable environment for the deposition of uranium. Geological Survey of WA records indicate the Nowthanna paleochannel system contains approximately 12,000 tonnes of contained U3O8 at grades of 0.26 to 0.78kg/t U3O8 to the east of the JV area (source: GSWA Murchison 1:100,000 Geological Information Series). Uranium radiometric imagery indicates low level anomalism within the paleochannel in the expanded JV area. The VTEM conductor and radiometric anomalies are considered to be attractive targets for uranium exploration.

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Figure 1 Windy Knob Geology

An intense aeromagnetic anomaly about 1km x 1km in area situated in the south west part of the JV area is interpreted to be related to a sequence of folded banded iron formation. The iron formation does not outcrop because of extensive laterite cover and may be highly weathered. Investigation of the iron potential of this broad anomaly is in progress.

Emu is continuing to collate available open file information and is planning a 5,000m aircore drilling program in August to test previously identified copper-zinc-gold targets (Windy Knob ASX release 29 June 2009) together with the new uranium and iron targets.

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Figure 2 Windy Knob Paleochannels

Tuckanarra Prospect, Western Australia (Windy 100%)

A field visit to the Tuckanarra Prospect was undertaken early in July 2009 and an exploration appraisal report is currently being prepared. Future exploration activities will be decided upon once this report is received.

Honeymoon Well Prospect, Western Australia (Windy 100%)

No work was undertaken at the Honeymoon Well Prospect during the quarter.

Titiribi Project, Colombia (Windy earning 65%)

As announced to the ASX on 2 April 2009, the agreement between the Company, De Beira Goldfields Inc, Goldplata Resources Inc, Goldplata Resources Sucursal-Colombia and Goldplata Mining International Corporation was terminated. Pursuant to that agreement the Company had the right, but not the obligation, to earn a 65% interest in the Titiribi project in northern Colombia by spending US$4,500,000 by 6 May 2009.

Non-Renounceable Rights Issue

On 3 April 2009 the Company lodged a prospectus with ASIC for a 1-for-1 pro-rata non-renounceable rights issue to shareholders at $0.01 per share. This resulted in 62,000,000 shares being issued and $620,000 being raised before costs of the issue.

The monies raised will be used for further exploration of the Company’s highly prospective Western Australian exploration projects and working capital.

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Mathew Walker Executive Director

For further information please contact:

James Robinson, Company Secretary, Windy Knob Resources Limited, Tel: (08) 6460 4960 Windy Knob Resources Limited website: www.windyknobresources.com.au

The information in this report is based on information compiled by Allan Younger (Dip Applied Geol), who is a member of the Australasian Institute of Mining and Metallurgy. Allan Younger is a consultant of Emu Nickel NL. Allan Younger has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Allan Younger consents to the inclusion of this information in the form and context in which it appears in this report.