HAVILAH RESOURCES LIMITED — Capital/Financing Update 2012

Jun 17, 2012

www.havilah-resources.com.au

Kalkaroo Sale Process Update

Havilah Resources (ASX:HAV)

Havilah advises that the first round of the Kalkaroo sale process is now complete. Several non-binding indicative offers for Kalkaroo have been received from substantial mining groups that are at a level appreciably in excess of the current market capitalisation of Havilah.

Havilah Resources NL aims to become a significant new producer of iron ore, copper, gold, cobalt and molybdenum from its 100% owned mineral discoveries: Kalkaroo: 124.5 Mt 0.50% Cu 0.39g/t Au Meas+Indic resource plus 18.7 Mt 0.74 g/t Au Meas res Mutooroo: 13.1Mt 1.48%Cu, 0.14%Co Meas+Indic+Inferred res North Portia: 11.3Mt 0.89%Cu, 0.64g/tAu, 500ppmMo Ind+Inf res Portia: 720,000t 2.9g/t Au Inferred resource Maldorky: 147Mt 30.1% Fe (18% Fe cutoff) Indicated resource Excellent potential to expand known resources in all cases. MMG Exploration spending $12m over 5 years exploring for IOCG and sedimentary hosted Pb-Zn deposits on Havilah’s tenements Issued Capital

A short list of parties have now been invited to proceed with round two of the sale process. In order to provide all short listed parties with a fair opportunity for detailed evaluation of the Kalkaroo asset, final binding offers are not expected to be received before late July at the earliest. Despite the above there is no certainty that a satisfactory binding offer will be received upon completion of the sale process.

In the meantime Havilah’s exploration crew has commenced drilling on a new copper –gold target for the Company on its tenements south of the Barrier Highway. This includes follow up of a previous MIM Exploration drill intersection of 124 m of 0.31% copper and 0.12 g/t gold in a highly prospective ironstone lode setting that has several kilometres of potential strike based on interpretation of regional aeromagnetic data. The mineralisation has negligible cover and extends from surface, raising the possibility for discovery of near surface enriched oxide mineralisation.

101.3 million ordinary shares 20.1 million listed options 10.4 million unlisted options

Contact

Dr Bob Johnson – Chairman + 61 (0)8 83389292

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www.havilah-resources.com.au

An updated fly-though of the Kalkaroo deposit can be viewed by clicking this link:

= http://www.youtube.com/watch?v Bqa9rEJvJAk

For further information visit the Company website www.havilah-resources.com.au or contact : Dr Bob Johnson, Chairman, on (08) 83389292 or email : info@havilah-resources.com.au

Competent Persons Statement

The information in this report has been prepared by geologists Dr Bob Johnson, who is a member of the Australasian Institute of Mining and Metallurgy, and Dr Chris Giles who is a member of The Australian Institute of Geoscientists. Drs Johnson and Giles are employed by the Company on consulting contracts. They have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration to qualify as Competent Persons as defined in the JORC Code 2004. Drs Johnson and Giles consent to the release of the information compiled in this report in the form and context in which it appears.

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