MURRAY COD AUSTRALIA LIMITED — Interim / Quarterly Report 2015

Apr 22, 2015

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ABN 74 143 928 625 Registered Office Level 8 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 23 April 2015

QUARTERLY ACTIVITIES REPORT FOR THE THREE MONTHS ENDED 31 March 2015

Timpetra Resources Limited (ASX: TPR) ("Timpetra" or the "Company”) provides the following commentary for the three months ended 31 March 2015, to be read in conjunction with Appendix 5B.

Asset & Corporate Developments

During the quarter ending 31 December 2014, the Company announced a return to shareholders comprised of capital and dividends up to a total of 19 cents per share. This has now been completed.

The final component of 3.0 cents a share was dependent on the results of a private ruling from the Australian Taxation Office which found in favour of the Company. Accordingly, the company is now able to determine a provision for tax incorporating the results from the private ruling. As at 31 December 2014 that provision was $1,139,027. This amount may vary slightly over the coming months to 30 June 2015 when the final tax liability will be determined. In any event the Company will be liable to pay tax approximating this amount during the 2016 financial year.

During the previous quarter the Company also invested in another ASX listed security which was suspended from trading by the ASX. The Company took the prudent view to make a 100% provision against that investment in that quarter. These results were included in the Company’s half yearly results. During the past quarter the trading in this investment was reinstated by the ASX. The Company therefore, has revalued that investment to its market value. This revaluation took place in the quarter to 31 March 2015.

Other Developments

During the past quarter the ASX suspended trading in the Company’s shares. Full details of the reasons have been detailed in the ASX releases. Your board is addressing the issues raised by the ASX and will continue to pursue strategies to create value as well as satisfy the ASX requirements in order to restore trading on the ASX of the Company’s shares.

Dividend Policy

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

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Martin Priestley Chairman

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

Timpetra Resources Limited Registered Office: Level 8, 70 Pitt Street SYDNEY NSW 2000 www.timpetra.com