DATELINE RESOURCES LIMITED — Interim / Quarterly Report 2011

Jan 29, 2012

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QUARTERLY ACTIVITES REPORT AS AT 31 DECEMBER 2011

Highlights during the quarter:

ASX Code: CNO

Securities on Issue

30.4m Ordinary Shares (quoted)

Prospecting applications submitted for Lone Wolf Project

• Project review completed at Lone Wolf Gold Project, Leonora

7.4m Ordinary Shares (restricted)

Cardinia Bore Project

4.75m Options (unlisted)

• Geochemical sampling program conducted across Cardinia Bore Project

Directors & Officers Michael Ralston (Non-Exec. Chairman) Robert Jewson (Non-Exec. Technical Director) Francis De Souza (Non-Exec. Director) Tanya Woolley (Company Secretary) Contact details:

Financial

• At 31 December the company had cash reserves of $3.96 million.

Corporate

• Annual General Meeting held on 18[th] November 2011 (“AGM”). All resolutions passed by a show of hands.

• Change of Registered Office & Principal Place of Business effective 21[st] November 2011.

Perth Office

108 Outram Street West Perth WA 6005 PO Box 1974 West Perth WA 6872 T: +61 08 9476 4500 F: +61 08 6314 1587 E: info@contoresources.com

• Issue of 500,000 Director Shares under the Conto Director Share Plan that was approved by Shareholders at the AGM.

W: www.contoresources.com

Conto Resources Limited Quarterly Activities Report 31 December 2011 1

QUARTERLY ACTIVITES REPORT AS AT 31 DECEMBER 2011

Cardinia Bore Project

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Figure 1- Cardinia Bore Project Geology

A reconnaissance soil sampling program was conducted across the Cardinia Bore Project to delineate mineralisation along prospective structures. The geochemical sampling forms the basis of developing an understanding towards the controls on mineralisation and ranking targets warranting further investigation.

About the Cardinia Bore:

The Cardinia Bore Project is located approximately 28km ENE of Leonora in the Northeastern Goldfields region of Western Australia and consists of 9 tenements covering 1,309 hectares. The region has an extensive history of gold exploration and mining.

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QUARTERLY ACTIVITES REPORT AS AT 31 DECEMBER 2011

Lone Wolf Project

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----- Start of picture text ----- 6m@ 3.35g/t Au----- End of picture text -----

A comprehensive review of the Lone Wolf Project was conducted during the quarter. Collation and digitising of available historical reports identified a number of significant drill intercepts of gold mineralisation, including 6m @ 3.35g/t Au. The limited, wide spaced drilling outlines a continuous mineralised strike of 830m. The Information obtained from this project review will form the basis of exploration targeting in order to define the potential extent of mineralisation across the project area.

About the Lone Wolf Project:

The Lone Wolf Project is located approximately 15km northeast of Leonora within the Northeastern Goldfields region of Western Australia. The project, which lies within the Keith-Kilkenny Tectonic Zone, consists of two prospecting licence applications covering a total area of approximately 3.2km[2] . . To the north-east and east of Leonora the zone is approximately 20km wide and bounded by the Mt George Shear Zone to the west and the Keith-Killkenny Lineament and Pig Well Graben to the east.

Other projects of interest

In addition to the exploration of Conto’s Cardinia Bore and Lone Wolf Projects, the Company intends to pursue new projects in the resources sector, both in Australia and overseas. These projects include but are not limited to; coal, potash, iron ore, copper and gold.

Corporate/Financial

• At 31 December 2011, the Company had cash reserves of $3.96 million.

-ENDS-

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QUARTERLY ACTIVITES REPORT AS AT 31 DECEMBER 2011

For more information please contact:

Robert Jewson Tanya Woolley Conto Resources Limited Conto Resources Limited Non-Executive Technical Director Company Secretary rob@otsana.com tanya@bluehorse.com.au (+61) 08 9476 4500 (+61) 08 9476 4500

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 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.

For more information, visit www.contoresources.com

Conto Resources Limited Quarterly Activities Report 31 December 2011 4