BUXTON RESOURCES LIMITED — Capital/Financing Update 2013

Jun 6, 2013

ASX Release

7[th] June 2013

DRILLING COMMENCES AT WIDOWMAKER NI-CU PROJECT

Highlights

 ~3,000m RC drilling program commences to test eight nickel-copper targets at Widowmaker Ni-Cu Project

Summary

Buxton Resources Limited (ASX: BUX & BUXO) is pleased to advise that RC drilling at the Widowmaker Ni-Cu Project has now commenced.

Buxton Resources’ Managing Director, Anthony Maslin, commented “Our team now has safe access to the Widowmaker Ni-Cu Project, and drilling has commenced. We have some excellent Ni-Cu targets at Widowmaker which provide our Company with great opportunities to potentially discover a new nickel sulphide deposit.”

Ranger Drilling has been contracted to drill a ~3,000m initial RC program to test all eight moderate to highly conductive targets that could represent bedrock massive or disseminated sulphide bodies.

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Figure 1. Ground EM profiles with conductors (red) WVA-08a and 08b projected to surface over TMI-1VD magnetic image. Planned drill-hole collars in yellow.

PO Box 9028 Subiaco WA 6008

Suite 1, First Floor 14-16 Rowland Street Subiaco WA 6008

Tel: 08-9380 6063 www.buxtonresources.com.au Fax: 08-9381 4056 info@buxtonresources.com.au

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About Widowmaker Ni-Cu Project

The Widowmaker Ni-Cu Project is located approximately 22km along strike from Sirius Resources’ (ASX: SIR) Nova-Bollinger Ni-Cu discovery in the emerging Fraser Range Nickel Province, Western Australia. The project covers an area of 225km[2] , and over 20km of potential strike of the gneiss units that host “the Eye” mafic – ultramafic intrusive that contains the NovaBollinger deposit (Figure 3).

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Figure 2: Ground EM conductors over magnetic image – Widowmaker Ni-Cu Project

Identified Ground EM Conductors

WVA-06

This target is a highly conductive, well defined, discrete late time anomaly identified in the moving loop EM survey. It was modeled with 500m of surveyed strike length and is open at both ends (Figure 2). There is 100m depth to the top of the modeled conductor which is moderately to steeply dipping to the northwest. This conductor occurs just along strike from a discrete magnetic anomaly and a Cu calcrete anomaly identified in historical sampling and confirmed by Buxton’s recent calcrete orientation sampling program (peak 93ppm Cu). The target also occurs within a major regional geochemical trend with a metal association of Ni-CuCo-Mo-Zn- As.

WVA-08a

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WVA-08a is a highly conductive, well defined, discrete late time anomaly identified in the moving loop EM survey. The strike length is interpreted to be approximately 650m with the target occurring 70-100m below surface and dipping moderately to the northwest. The conductor is coincident with a long strike length magnetic unit. Weak geochemical anomalism over this target was identified in Buxton’s orientation calcrete sampling, with a peak result of 41ppm Ni.

WVA-08b

This target occurs immediately along strike to the north-east of conductor WV-08a and gives a combined strike length of 1.25km. WVA-08b is a moderately to highly conductive, well defined, discrete late time anomaly modeled as steeply dipping to the north-west with a strike length of ~600m. This target is coincident with a long strike length magnetic unit.

WVA-013

WVA-013 is a moderately to highly conductive late time anomaly apparently with a strike length of around 1km and a modeled north-westerly dip. It appears to be related to a nonmagnetic linear unit just adjacent to the magnetic unit associated with WVA-08b/08a and also has a weak calcrete soil anomaly of 38ppm Ni.

WVA-03-04-05 Cluster

A cluster of three moderate to weak conductors has been confirmed in an area associated with the “Nova Structure” – a fault interpreted to have been important for the emplacement of the intrusion hosting the Nova and Bollinger discoveries of Sirius Resources. The cluster of three conductors is located around a weak magnetic anomaly that appears to occur within the core of a regional fold hinge and may indicate the presence of an intrusive rock body. In addition, orientation calcrete geochemistry by Buxton returned peaks of 119ppm Cu and 41ppm Ni over these conductors.

WVA-01b

WVA-01b is a moderately conductive late time EM anomaly. Modeling of the data is somewhat ambiguous. However, most of the possibilities modeled indicate a conductor that is relatively deep, suggesting a bedrock source. No geochemical anomalism is associated with this conductor, suggesting that if mineralisation is present it exists under cover or is “blind”.

For further information regarding Buxton Resources Limited please contact:

Anthony Maslin

Managing Director amaslin@buxtonresources.com.au

Competent Persons

The information in this report that relates to exploration results and geology is based on information compiled and/or reviewed by Dr Julian Stephens, Member of the Australian Institute of Geoscientists and Non-Executive Director for Buxton Resources Limited. Dr Stephens has sufficient experience which is relevant to the activity being undertaken 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 and consents to the inclusion in this report of the matters reviewed by him in the form and context in which they appear.