MURRAY COD AUSTRALIA LIMITED — Interim / Quarterly Report 2015

Oct 28, 2014

ABN 74 143 928 625

==> picture [164 x 70] intentionally omitted <==

Registered Office Level 3 70 Pitt Street GPO Box 4231 Sydney NSW 2001 Australia Phone: +61 1300 134 875 Fax: +61 (02) 233 4497

ASX CODE: TPR ASX ANNOUNCEMENT 29 October 2014

QUARTERLY ACTIVITIES REPORT FOR THE THREE MONTHS ENDED 30 SEPTEMBER 2014

Timpetra Resources Limited (ASX:TPR) ("Timpetra" or the "Company') provides the following commentary for the three months ended 30 September 2014, to be read in conjunction with Appendix 5B.

Asset & Corporate Opportunities

The Company continues to closely monitor its investment in ASX listed gold producer Saracen Mineral Holdings Ltd (ASX:SAR). During the quarter ending 30 September 2014, the Company sold approximately ninety percent (90%) or 31,663,398 of its 35,454,545 shares in Saracen at a volume weighted average price of $0.4742 per share (before costs). This leaves the Company’s holding of Saracen at 3,791,147 shares.

The Company implemented an on-market share buyback during this period buying back 1,330,956 Timpetra shares at a volume weighted average price of $0.1463 per share (before costs). The Company has also invested approximately $0.225 million in an ASX listed resources company.

Post Quarterly Events

The Company has continued with its buyback program which is announced to the ASX as and when shares are acquired and cancelled.

The Company has also reviewed a limited number of potential investment opportunities.

The Board will continue to pursue strategies to create value and liquidity for its shareholders.

The Company will be unlikely to pay a dividend in the near term.

Martin Priestley Chairman

Timpetra Resources Limited Registered Office: Level 3, 70 Pitt Street SYDNEY NSW 2000 www.timpetra.com

For further information contact: Nick Geddes, Company Secretary 1300 134 875