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Chief Executive Officer Address

Annual General meeting – 25 November 2011

Ladies and Gentlemen,

I welcome you here today to Timpetra’s first Annual General Meeting as a listed company.

Since completing its capital raising in March of this year, the company remains committed to its two pronged strategy that is detailed in our prospectus, being:

To conduct a staged program of diamond drilling to test and confirm the Lockington model; and
To evaluate and acquire additional gold exploration and mining projects.

I would like to take the time today to address both these points individually.

Confirming the Lockington Model

What is the Lockington Model?

The Lockington Model is the name of the geological model which brings together the extensive exploration work that has been conducted over the Lockington tenements and draws upon the geological similarities that exist at both Lockington and Fosterville, a mine located 50 kms south of our prospects. (refer to Slide “Geological similarities”)

The Gold mineralisation found at the Fosterville mine is localised where the westdipping splay faults cut through a series of synclinal folds of the turbidite sequence immediately east of the Fosterville Fault.

Now this may sound like a mouthful to many investors, but let me break this down into its component parts.

What are Synclinal folds and what does this mean? Synclinal folds are the folded sequences of shale and sandstone that are typical of the Bedrock geology in the Victoria area and are made up of “turns” or “bends” that are referred to as synclines and anticlines. It is these structural “turns” or “bends” that when fractured make an ideal location to host gold mineralisation.

What is a turbidite sequence? A turbidite sequence is merely the host rock (mainly sandstones and shales) that hosts the gold mineralisation. At Lockington, as well as at Fosterville, gold is intimately associated with arsenopyrite which is scattered throughout the sandstones. The importance of this is that the Fosterville Mine is successfully extracting this Gold from the arsenopyrite through a proven BIOX treatment process.

What is a west dipping splay fault? This is a fracture through the rock that is angled in a west dipping direction from the surface. This fracture is a branch (or splay) from a nearby bigger fracture which is identified at the Fosterville Mine as the Fosterville Fault . Locating the main fault, and then the splays is the key strategy to locating gold

mineralisation in this style of deposit. Therefore, our goal was to find a similar fault, which we have termed the Lockington Fault .

Considering the above, where is Timpetra in its journey in proving up this hypothesis? (refer to Slide “Drill program”)

Firstly, the similarities of the synclinal folds and host rock have been explored and confirmed in previous exploration work performed by Gold Fields.

What we have discovered in the latest series of drilling is the identification of 3 distinct synclinal and anticline pairs that we have named Guernsey, Poddy and Friesian (Refer Slide “Major structural features identified”).

Secondly, I am pleased to stand here today to report that we have confirmed the existence of the Lockington Fault – a fault measuring 0.3 metres in thickness on the western flank of the Friesian Anticline (Refer Slide “Lockington Fault”). This zone of laminated quartz-graphite and pug clays is recognised as a significant boundary that separates two structural domains.

The direction of the fault has been confirmed as west dipping. It is interesting to note that where the Fault is along the limb of the Friesian Anticline, it is steep and where it comes close to the centre of the fold, it is believed to flatten remarkably. This flattening where it disrupts the anticline results in major fracturing of the rock, providing good sites for the potential deposition of gold in the form of veins. This will be tested in the next drilling campaign to commence in January 2012.

2. In our exploration, is the work worth the prize?

We definitely think so. What initially attracted us to the project was the size of the potential discovery. Since July 2003, extensive exploration work had been invested in the two Lockington tenements which showed the existence of 8 distinct mineralised trends spanning the distance of 8-10 kms in a North South direction. When the Fosterville Mine surface workings was superimposed on to the Lockington Anomaly, a stark similarity became immediately apparent (refer Slide “Project potential”). The extent of mineralisation in the area points towards the existence of a large gold system in the region.

Since April 2011, Timpetra has completed drilling in 5 diamond holes totalling 2,655 metres (Refer Slide “Exploration conducted to date”), a total of 429 samples of drill core has been sawn and submitted for assay. This has then been assessed in relation to the previous Gold Fields exploration work and modelled to interpret the complexity within the geological structures. This first stage of exploration was followed up with the drilling of 2 wedge holes from the previously drilled 4[th] diamond hole. The total amount of exploration spend to date has amounted to just over $1 million.

Our findings can be summarised as follows. We have:

Located an area of 3 folds over a distance of 300 metres.
Identified gold mineralisation in the centre of the Guernsey, Poddy and Friesian Anticlines.
Located the Lockington Fault; and
Proven that the gold mineralisation increases in gold grades as one ascends the Friesian Anticline, approaching the Lockington Fault.

Now, I do not want to simplify the extent of the challenge. The basement sequence, being the host to the gold-arsenic mineralisation is buried under 60 to 100 metres of Murray Basin sediments and there is no outcrop geology that can be used to develop a geological model of the region.

Consequently, careful logging of diamond drill core is required to determine the geological structures in this prospective area. Careful and thorough analysis has been undertaken after each drill hole, and tested against our hypothesis which has taken time. I commend our geological team for their attentive effort and the effectiveness with which they have progressed exploration to date.

Moving onto the second part of our strategy,

The evaluation and acquisition of additional gold exploration and mining projects

Through the networks of the Board of Directors and our Broker, we have evaluated over 30 acquisitions over the past six months. Each of these opportunities has been assessed on its individual merits, the availability of capital and the ability of the Company to add value to the potential asset for the benefit of Timpetra shareholders.

We are optimistic that that we will execute acquisitions in the current financial year.

Timpetra had cash on hand of $7.83 million at 30 September 2011 and no bank debt. The Company maintains a low overhead structure, has a promising exploration project and a good flow of acquisition opportunities.

On behalf of the Board of Directors, we remain committed to deliver shareholder value in the future.

Thank you.

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Timpetra Resources Limited Annual General Meeting

25 November 2011

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Important Information and Disclaimers

Timpetra Resources Limited ( ” Timpetra ” ) and each of its respective directors , officers and agents believe that the information contained in this presentation is correct and that any estimates, opinions or conclusions contained in this presentation are reasonably held or made as at the time of compilation. However, no warranty is made as to the accuracy or reliability of any estimates, opinions, conclusions or other information contained in this document.

Timpetra and its directors , officers and agents disclaims all liability and responsibility for any direct or indirect loss or damage which may be suffered by any recipient through relying on anything contained in or omitted from this presentation.

This presentation is for the intended recipient. No part of this document may be reproduced without the permission of Timpetra.

Forward Looking Statements

This announcement contains certain forward looking statements which by nature, contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

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Geological similarities

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. Geological similarities cont

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Drill Program

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Gold Field work identified prospective zone of mineralisation at Lockington South
Timpetra has focussed on central area of Lockington South to determine the structural controls on mineralisation

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M a or s ruc ura t t l f ea ures en t id tifi e d j

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Guernsey
Anticline
Poddy
Anticline
Friesian
Anticline
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