DATELINE RESOURCES LIMITED — Regulatory Filings 2012

Jan 23, 2012

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Tuesday, 24 January 2012

Perth Office 108 Outram Street West Perth, WA, 6005 PO Box 1974 West Perth WA 6872

ASX ANNOUNCEMENT

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

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

GOLD TRENDS IDENTIFIED AT CONTO’S CARDINIA BORE PROJECT

Highlights

• Soil sampling identifies gold anomalies up to 17ppb

• Silver anomalies also identified

• Coherent gold anomalous zones with coincident multi-element trends returned in MMI soil geochemistry

• The main anomalous areas coincide with the interpreted intersection between NW and NE trending structures

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Figure 1: Au Response Ratios and Regional Structure

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CONTO RESOURCES LIMITED

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Conto Resources Limited (ASX: CNO ) ( Conto or The Company ) is pleased to report that it has received all results for the Mobile Metal Ion[1] (MMI) soil sampling program completed at its Cardinia Bore Project, east of Leonora. The returned gold results, which form several coherent anomalies above geological structures, add significantly to the understanding and prospectivity of the Cardinia Bore area ( Figure1 ).

Gold anomalism is up to 37 times background with peak raw values of 17 ppb occurring in soils adjacent to a sheared contact between mafic and ultramafic volcanics. The gold is coincident with several pathfinder elements, including silver, cadmium and copper. It also lies above the interpreted intersection of north northeast-trending structures with the main north-northwest trending faults.

Technical information

The known resources in the vicinity of the Cardinia Bore Project are contained within a sub-horizontal supergene zone lying within 50m of the surface. To date no significant primary mineralisation has been defined. The sharpness and high contrast inherent in the MMI technique, which specifically target signals sourced from primary mineralisation, make it favourable as a targeting tool to facilitate discovery of mineralization in the early stages of exploration programs.

The MMI survey involved the collection of 328 soil samples (excluding standards and duplicates) on a 200x200m grid across the entire Cardinia Bore Project area. SGS Laboratories in Perth received the samples, and analysed for a multi commodity exploration package comprising of 45 elements. The MMI package represents the preferred digest package for geochemical exploration.

Results

MMI soil geochemistry has identified several large and coherent gold anomalies with peak values of up to 37 time background (max. 17 ppb Au)[2] (Refer to Appendix A). The gold anomalies coexist with laterally persistent multi-element corridors defined by anomalous concentrations in several pathfinder elements, including silver, cadmium, and copper. The corridors are developed generally parallel to the regional foliation and correspond with interpreted fault zones. The faults parallel the NNW-trending Keith-Kilkenny lineament, which lies just west of the area. The multi-element corridors and anomalous gold also lie above crosscutting, NNE-trending splays.

The gold anomalies also occur along strike from historical mines and include areas where no previous exploration drilling has taken place.

The geometry of the geology and geochemistry supports a riedel shear model.

The Company is planning infill geochemical sampling to test these targets.

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.

1 MMI geochemistry is a super sensitive technique that analyses extremely low levels of elements that adhere as metal ions to the soil particles. These ions having travelled vertically through the regolith cover from metal bodies below, accurately report the position of these bodies at surface.

2 Geochemical background is defined as the normal abundance of an element in the explored hinterland. Geochemical anomalies exist when returned results in the target element appreciably exceed the normal reporting or ‘background’ level of the enclosing rocks: the higher the ratio the more significant the degree of enrichment.

CONTO RESOURCES LIMITED

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For more information: Tanya Woolley Company Secretary (08) 9476 4500

Robert Jewson Non Executive Technical Director (08) 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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Location of Cardinia Bore Project

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CONTO RESOURCES LIMITED

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APPENDIX A:

Summary Statistics: Cardinia Bore Project MMI Soils (all results in parts per billion)

Mo Al Ba Cd Cs Dy Er Eu Ga Gd Hg La Li Mg Nd Pr Rb Sc Sm Sr Tb Th Y Yb Zr Ag Au Ca Ce Co Cu Fe K P Ni Mn Ti U Pb Zn	Mean Std. Dev. Std. Error Count Minimum Maximum	Mean Std. Dev. Std. Error Count Minimum Maximum	Mean Std. Dev. Std. Error Count Minimum Maximum	Mean Std. Dev. Std. Error Count Minimum Maximum	Mean Std. Dev. Std. Error Count Minimum Maximum	Mean Std. Dev. Std. Error Count Minimum Maximum
	3.826	2.691	.149	328	2.500	19.000
	8.136	8.567	.473	328	.500	88.000
	552.165	453.259	25.027	328	50.000	3250.000
	5.640	3.783	.209	328	.500	28.000
	.519	.494	.027	328	.250	3.600
	48.444	66.131	3.651	328	.500	700.000
	22.751	32.102	1.773	328	.250	343.000
	13.394	17.463	.964	328	.250	174.000
	1.671	2.535	.140	328	.500	27.000
	68.773	90.268	4.984	328	.500	930.000
	2.438	1.826	.101	328	.500	10.000
	49.582	94.289	5.206	328	.500	1180.000
	3.029	2.237	.124	328	2.500	22.000
	205.338	176.006	9.718	328	34.000	1908.000
	150.872	267.204	14.754	328	.500	3180.000
	22.735	43.184	2.384	328	.500	534.000
	31.114	33.092	1.827	328	2.500	246.000
	21.595	30.763	1.699	328	2.500	248.000
	45.966	64.480	3.560	328	.500	669.000
	2297.835	1519.374	83.893	328	350.000	13500.000
	8.738	11.202	.619	328	.500	113.000
	9.176	14.655	.809	328	.250	91.200
	286.058	364.383	20.120	328	2.500	3680.000
	13.564	20.321	1.122	328	.500	220.000
	3.047	2.064	.114	328	2.500	16.000
	6.316	7.538	.416	328	.500	119.000
	2.115	2.428	.134	328	.050	17.000
	700.576	286.756	15.833	328	154.000	1637.000
	138.197	302.456	16.700	328	2.500	3190.000
	209.840	170.023	9.388	328	2.500	1330.000
	1508.262	564.852	31.189	328	180.000	3570.000
	2.736	1.043	.058	328	.500	7.000
	50.825	69.976	3.864	328	.900	507.000
	.161	.126	.007	328	.050	.900
	554.082	393.273	21.715	328	70.000	2460.000
	3783.476	3283.501	181.301	328	90.000	26300.000
	13.186	11.142	.615	328	1.500	151.000
	37.131	32.624	1.801	328	3.000	182.000
	7.363	7.897	.436	328	5.000	80.000
	122.348	158.121	8.731	328	10.000	1130.000

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CONTO RESOURCES LIMITED