CANYON RESOURCES LIMITED — Capital/Financing Update 2013

Oct 16, 2013

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Derosa Project Update

17/10/13

Highlights

Rumble Resources Ltd

• Rumble has renegotiated with its JV partner Canyon Resources Ltd to extend the 51% earn in commitment date to the 19th September 2014 which represents an extension of 6 months.

• Rumble has engaged SEMS Exploration (“SEMS”) a leading mineral exploration and mining consultancy company in West Africa to line clear for the upcoming maiden RC drill program.

Rumble Resources Limited (“Rumble” or “Company”) (ASX: RTR) is pleased to provide an update on the Derosa Project in Burkina Faso.

Joint Venture with Canyon Resources – Derosa Project, Burkina Faso

Rumble has renegotiated with its JV partner Canyon Resources Ltd (ASX: CAY (Canyon) to extend the 51% earn in commitment date to the 19th September 2014. This provides Rumble with 11 months to systematically explore the exciting Derosa Project.

Exploration

With the rainy season in Burkina coming to a close Rumble has engaged SEMS Exploration (“SEMS”) a leading mineral exploration and mining consultancy company in West Africa, to carry out the following work at the Bompela artisanal area (which forms part of the Derosa Project):

• A line clearing survey to enable access for planned drill sites in and around the Bompela artisanal areas.

• Trenching of the 2 main artisanal areas to enable the exploration team to view the geological orientation and take further samples.

• Oversee the maiden RC program which is set to commence following completion of the line clearing work and rainy season finishing.

Rumble has completed a systematic exploration approach prior to drilling including ground magnetics, sampling and mapping to help with the drill orientation and drill hole locations. The last stage of the program prior to drilling is for SEMS to work with the drilling company to ensure they have access to all the set drill hole locations.

The CEO of Rumble Mr Shane Sikora, said “on behalf of the Board of Rumble Resources, and myself, we would like to thank Phil Gallagher and the Canyon Board for their continued support on our joint venture partnership.”

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Level 1, 33 Richardson St, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Shane Sikora CEO

Mr Terry Topping Executive Director

Mr Andrew McBain Non-executive Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr David Palumbo Company Secretary

Mr Andrew Jones Exploration Manager

Photo 1: Bompela Artisanal Pit on the Bompela Permit

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For further information visit www.rumbleresources.com.au or email enquiries@rumbleresources.com.au

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Figure 1: Map showing location of the Bompela Gold Discovery on the Bompela Permit

About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.

About the Derosa Project

Rumble Resources Ltd entered a joint venture and earn-in agreement with Canyon Resources Ltd (ASX: CAY) for the Derosa Project in Burkina Faso under the terms of the agreement Rumble has the ability to earn a 75% interest in the Derosa Project. The Derosa Project consists of 6 contiguous tenements covering an area of over 1,300km². The Project is easily accessible by sealed road, being approximately 125 km northwest of the capital Ouagadougou. The licences are adjacent to the Reo Project operated by Middle Island Resources Ltd (ASX: MDI).

The Derosa Project is structurally complex with several large scale north-south and northeast-southwest trending shear zones interpreted across the project area from airborne magnetics data. The main shear zones are interpreted to represent Birimian greenstone belts consisting of mafic to felsic volcanics and sediments which are surrounded by granitoid intrusions.

About Burkina Faso

Burkina Faso is in West Africa and shares the same highly prospective Birimian geology that underlies Ghana, Mali, Guinea, Cote d'Ivoire, Senegal and Niger. West African greenstone belts cover approximately 3,000,000km² with Burkina Faso accounting for 22% making the countries exploration potential enormous.

Burkina Faso exploration remains in its infancy compared to Ghana where the advanced exploration climate is host to most of the major West African Gold Mines. Exploration in Burkina Faso has recently increased with the country’s new mining code announced in 2003 which is mining friendly. Since 2003, six mines have opened in Burkina Faso and total gold reserves and resources have tripled. Burkina Faso is poised to become the fourth largest gold producer in Africa after South Africa, Ghana and Mali. Burkina Faso has a stable democratic government which is experiencing significant infrastructure improvements, economic growth, security and stability.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and has sufficient experience 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”. Mr Topping consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.