HAVILAH RESOURCES LIMITED — Capital/Financing Update 2012

Jun 11, 2012

www.havilah-resources.com.au

New Copper Mineralisation at Kalkaroo

Havilah Resources (ASX:HAV)

Assay results have now been received for the upper part of diamond drillhole DDH406 from which visible copper mineralisation was reported on 2 May 2012, and include :

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

13m 0.99% copper and 1.05 grams per tonne of gold from 198m downhole.

This intersection is from a previously unknown structure above the usual Kalkaroo prospective sequence. The mineralisation appears to be hosted in a low angle, conformable fracture as a vein-filling with the tenor of the mineralisation about twice that of normal Kalkaroo grades.

Also assays from the prospective sequence interval in DDH404 have been received confirming an extension of the ore zone down dip from the known resource, with an intersection of :

33m of 0.37% copper and 0.27 grams per tonne of gold from 365m downhole. In common with adjacent drillholes it also includes a molybdenum bearing zone containing 8m at 533 ppm Mo from 376m downhole .

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

Core logging, cutting and assaying is still underway on remaining drillholes. Upon compilation and thorough evaluation of all data for the Kalkaroo deep drilling program, consideration will be given to further follow up drilling of the newly identified mineralisation in DD406, given its proximity to the current open pit.

Contact

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

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Plan showing location of recent deep diamond drillholes with respect to proposed Kalkaroo open pit

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Cross-section showing location of new drillholes in relation to proposed Kalkaroo open pit highlighted by the grey outline at right

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Drilling will resume this week on EL 3895 south of the Barrier Highway where some copper targets have been selected for initial testing. This includes follow up of a previous MIM Exploration drill intersection of 124 m of 0.31% copper and 0.12 g/t gold.

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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KKDD404 Drillcore : Typical layer parallel replacement style sulphide mineralisation

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KKDD406 Drillcore : Tensional vein sulphide mineralisation

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KKDD406 Drillcore : Veining associated sulphide mineralisation

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