MURRAY COD AUSTRALIA LIMITED — Interim / Quarterly Report 2011

Oct 26, 2011

27 October 2011 ASX Announcement

ASX Code:TPR

QUARTERLY ACTIVITIES REPORT FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2011

Timpetra Resources Limited (ASX: TPR) (“Timpetra” or the “Company”) provides the following commentary for the three months ended 30 September 2011, to be read in conjunction with Appendix 5B.

Receipt of assay results from LODT005

During the September 2011 quarter, Timpetra received assay results from diamond drill hole LODT005 that was completed in August 2011. These assay data include:

• 1.0 metre at 1.59 g/t gold from 258.9 metres, in fractured and quartz veined sandstone

• 0.7 metres at 5.33 g/t gold from 270.6 metres, in a quartz breccia sandstone

• 1.0 metre at 2.06 g/t gold from 281.4 metres, in a zone of thin carbonate veins

• 2.1 metres with an average weighted grade of 2.55 g/t gold from 285.4 metres

The interval from 281.4 to 288.3 metres (6.9 metres downhole intersection) returned an average weighted grade of 1.2 g/t gold. This interval is in the core of the Guernsey Anticline, which is approximately 200 metres east of the Friesian Anticline.

The 5.3 g/t intersection at 270 metres is also in this anticline, implying a strong structural relationship between gold grades and the anticline centre.

Review of Model

A pause in the drilling program from late July 2011 to late August 2011 allowed Timpetra’s geological team to establish the main controls on the gold mineralisation at Lockington. Shallow dipping vein sets have developed preferentially in the cores of the anticlines as a result of regional faulting – ore grades and widths are predicted where these vein sets cluster within certain sandstone packages in the folded sedimentary sequence.

Assay data and structural analysis show that significant widths of mineralisation are associated with tightly folded sandstones. Both the Friesian and the Guernsey Anticlines now present as targets for the development of Fosterville style gold mineralisation at Lockington.

Resumption of drilling

Drilling resumed in late August 2011 with the drilling of a set of wedge holes from LODT004, aimed at testing the ground vertically above and below the 30 metre intersection of gold and silver mineralisation reported last quarter. Hole LODT004-W2, designed to test the area below the LODT004 mineralisation in the Friesian Anticline, intersected weak arsenopyrite mineralisation at around 700 metres (down hole) and again at around 740 metres. These intervals are being sent for assay.

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For more information:

Timpetra Resources Limited

Dion Cohen (Managing Director)

+61 2 8298-2008 www.timpetra.com

About Timpetra Resources Limited

Timpetra Resources Limited is a public listed Australian company that is focused on the identification, assessment and development of gold projects. The Company’s maiden project is the Lockington Project, an advanced gold exploration project situated within Central Victoria’s established gold district near the town of Lockington. Since July 2003, over 100,000 metres of drilling has been completed at the Lockington property, as well as extensive geochemistry and ground geophysics work. The Lockington Project is supported by Timpetra’s major shareholder, Gold Fields Australasia Pty Ltd who has a technical services agreement in place with Timpetra.

Statement as to Competency

The Exploration Results in this report have been compiled by Mr Geoff Turner, who is a member of the Australian Institute of Geoscientists, has more than ten years in the estimation, assessment, and evaluation of mineral resources and ore reserves, and has more than 20 years in exploration for the relevant style of mineralisation that is being reported. In these regards, Geoff Turner qualifies as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.

Geoff Turner is contracted to Timpetra Resources Limited through his company Exploration Management Services Pty Ltd, and consents to the inclusion in this report of these matters based on the information in the form and context in which it appears.

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.