DATELINE RESOURCES LIMITED — Capital/Financing Update 2012

Mar 21, 2012

Perth Office 108 Outram Street West Perth ,WA, 6005

T: +61 8 9476 4500 F: +61 8 6314 1587

PO Box 1346 West Perth WA 6872 E: info@contoresources.com W: www.contoresources.com

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21 March 2012

ASX ANNOUNCEMENT

The Manager Company Announcements Office Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

HIGH GRADE ROCK CHIP RESULTS RETURNED

AT CONTO’S CARDINIA BORE PROJECT

• High grade gold recorded in numerous rock chip samples proximal to historical workings; up to 6.04g/t Au

• Detailed geological mapping and geochemical sampling planned to define extent and controls on mineralisation

• Additional resource opportunities currently being evaluated

Conto Resources Limited (ASX: CNO ) ( Conto or The Company ) is pleased to announce the results of recent rock chip sampling conducted at the Cardinia Bore Gold Project in Leonora.

The rock chip sampling has confirmed the validity of the MMI method in locating potential targets for gold mineralisation within the project area.

Historically the area investigated by rock chip sampling and geological mapping has only received limited exploration in the form of shallow auger drilling.

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Rock Chip Sampling Results:

A total of six rock chip samples were taken from the north eastern extent of P37/7654, part of the Cardinia Bore Gold Project, Leonora, Western Australia. The targets were identified using a combination of the MMI (Mobile Metal Iron) geochemical targeting investigation and interpretation of aerial imagery.

Results of the rock chip sampling campaign confirm the presence of gold mineralisation within the project area. A subsequent program is planned to define the extent and controls on the gold mineralisation.

Table 1: Rock Chip Sampling Results Cardinia Bore Gold Project

Sample	Easting	Northing	**Auppm **	Comments
12CB002	370752	6808385	1	Quartz mullock sample
12CB003	370755	6808391	2.07	Quartz mullock sample rusted, laminated, boxwork texture
				Gossanous mullock sample with boxwork textures and covellite+ bornite
12CB004	370758	6808399	6.04
12CB005	370747	6808403	5.05	Quartz mullock sample with some copper staining
12CB006	370767	6808410	0.17	Quartz vein sub cropping
12CB007	370763	6808401	0.93	Quartz vein sub cropping

Coordinates are reported in MGA94-Z51 and were located using a handheld GPS. Samples assayed by Genalysis Perth using fire assay for gold.

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Competent Person Statement

Technical information in this report has been prepared under the supervision of Mr Jonathan King, a member of the Australian Institute of Geoscientist (AIG). Mr King has sufficient experience which is relevant to the styles of mineralisation 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” (the JORC Code). Mr King consents to the inclusion in this report of the Information, in the form and context in which it appears.

For more information:

Tanya Woolley Robert Jewson Company Secretary Non Executive Technical Director +61 8 9476 4500 +61 8 9476 4500

About Conto

Conto Resources Limited is an Australian-based exploration company established to cost effectively explore its Lone Wolf Projects and Cardinia Bore areas and actively seek acquisition opportunities.

The Lone Wolf Project is located approximately 15km northeast of Leonora within the North Eastern Goldfields region of Western Australia. The project consists of two prospecting licence applications, covering a total area of approximately 3.2km[2] . The limited wide spaced historical drilling has outlined a continuous mineralised strike of 830m.

The Cardinia Bore Project is located approximately 28 km ENE of Leonora and consists of 9 tenements covering 1,309 hectares.

www.contoresources.com

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