DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2012

Oct 30, 2011

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QUARTERLY ACTIVITES REPORT AS AT 30 SEPTEMBER 2011

Highlights during the quarter:

ASX Code: CNO

Securities on Issue

29.9m Ordinary Shares (quoted)

Lone Wolf Project

• Two prospecting licenses applied for in close proximity to Cardinia Bore Project

7.4m Ordinary Shares (restricted)

4.75m Options (unlisted)

• Desktop evaluation currently being conducted to determine a suitable exploration strategy

Cardinia Bore Project

Directors & Officers

Michael Ralston (Non-Exec. Chairman) Robert Jewson (Non-Exec. Director) Francis De Souza (Non-Exec. Director) Tanya Woolley (Company Secretary)

• MMI Sampling and geological mapping completed, awaiting results from assay laboratory

Financial

• At 30 September the company had cash reserves of $3.99 million.

• On 14 September the Company lodged the Annual Report for the Period from 3 February 2011 (date of incorporation) to 30 June 2011.

Corporate

Contact details:

Perth Office

Suite 2, Level 3 1292 Hay Street West Perth WA 6005

PO Box 1974 West Perth WA 6872

• On the 5 September Mr Robert Jewson joined the Conto Board of Directors, as a Non-Executive Technical Director. On the same day, Mr Simon MacKinnon resigned.

• On the 19 September Mr Francis De Souza joined the Conto Board of Directors, as a Non-Executive. On the same day Mr John Ciganek resigned.

T: +61 08 6140 2449 F: +61 08 6314 1587 E: info@contoresources.com

W: www.contoresources.com

Conto Resources Limited – Quarterly Activities Report – 30 September 2011

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QUARTERLY ACTIVITES REPORT AS AT 30 SEPTEMBER 2011

Overview Cardinia Bore Project

As detailed in the prospectus, the Company has entered into a Farmin Agreement with Sammy Resources Pty Ltd (Sammy), pursuant to which the Company acquired a right to earn an 80% interest in the Cardinia Bore Project by completing 1,000 metres of RC drilling within 2 years of the Company listing on the ASX.

The Company has commenced a technical review of the Cardina Bore Project which has included an evaluation of all available sources of geological data with a view to gaining a better understanding of the exploration potential of the project. A geological report outlining the available geological data, the proposed exploration targets and recommended work program is being prepared. A site visit to support the preparation of the report was undertaken in August 2011.

Mobile Metal Ion soil sampling along with geological mapping was commenced, with completion envisage early next Quarter. The available samples have been submitted to SGS laboratories in Perth for analysis by MMI – M digest.

Overview Lone Wolf Project

During the quarter, the Company announced that a regional targeting and acquisition initiative was implemented to enhance the current project portfolio and to maximise shareholder value by focusing on evaluating resource opportunities both locally and abroad.

As such the Company identified and applied for two prospecting licenses P37/8113 and P37/8114 covering a total area of approximately 320 hectares.

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Conto Resources Limited – Quarterly Activities Report – 30 September 2011

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QUARTERLY ACTIVITES REPORT AS AT 30 SEPTEMBER 2011

A comprehensive project evaluation has commenced to acquire all historical exploration information pertaining to the project. The Company will inform the market of developments as they occur.

Other projects of interest

In addition to seeking to earn an 80% interest in the Cardinia Bore Project, the Company intends to pursue new projects in the resources sector, both in Australia and overseas, by way of acquisition or investment/joint venture. These projects may include other types of minerals, including, without limitation, coal, potash, iron ore, copper and gold.

Corporate/Financial

• At 30 September 2011, the Company had cash reserves of $3.99 million.

• On 14 September the Company lodged the Annual Report for the Period from 3 February 2011 (date of incorporation) to 30 June 2011.

• On the 5 September Mr Robert Jewson joined the Conto Board of Directors, as a Non-Executive Technical Director. Mr Jewson has extensive experience across a wide range of commodities including iron ore, gold, uranium, coal and base metals both locally within Australia and abroad. Mr Jewson has significant commercial and geological knowledge which will allow Conto to rapidly evaluate resource opportunities abroad and aggressively pursue projects which meet the Company’s investment criteria. On the same day Mr Simon MacKinnon resigned as NonExecutive Director.

• On the 19 September Mr Francis De Souza joined the Conto Board of Directors, as a NonExecutive Director. Mr De Souza has many years’ experience in financial services, specialising in corporate advisory and equity markets with a specific focus in the resource sector. Mr De Souza is the co-founder of Otsana Capital Pty Ltd, a boutique advisory firm specialising in mergers & acquisitions, capital raisings and Initial Public Offerings (IPO’s). On the same day Mr John Ciganek resigned as Non-Executive Director.

-ENDS-

For more information please contact:

Robert Jewson Conto Resources Limited Non-Executive Technical Director rob@otsana.com (+61) 08 6140 2449

Tanya Woolley Conto Resources Limited Company Secretary tanya@bluehorse.com.au (+61) 08 6140 2449

Conto Resources Limited – Quarterly Activities Report –30 September 2011 3

QUARTERLY ACTIVITES REPORT AS AT 30 SEPTEMBER 2011

Competent Person Statements

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.

About Conto

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

The Cardinia Bore Project is located approximately 28 km ENE of Leonora in the Goldfields-Esperance region of Western Australia and consists of 9 tenements covering 1,309 hectares. The region has a long history of gold mining and exploration. For more information, visit www.contoresources.com

Conto Resources Limited – Quarterly Activities Report –30 September 2011

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