PREDICTIVE DISCOVERY LIMITED — Interim / Quarterly Report 2012

Apr 30, 2012

30 April 2012

ASX Announcement

Quarterly Report For the period ended 31[st] March 2012

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Level 2, 9 Colin Street West Perth WA 6005 ABN 11 127 171 877 p (08) 9216 1000 f (08) 9481 7939 w www.predictivediscovery.com e info@predictivediscovery.com ASX Code: PDI

HIGHLIGHTS

EXPLORATION

• RC drilling discovers three new gold mineralised zones on Laterite Hill Grid, Bonsiega Project, most of which are open in all directions .

• 5 km of gold mineralised strike now revealed by drilling on Laterite Hill Grid

• Numerous ore grade gold intercepts obtained from RC and diamond drilling on both Bangaba and Bonsiega Projects including some high gold grades, indicating ore potential at depth:

• Bangaba Project :

  • Solna Prospect, Bangaba Project:

    • 5.6m at 16g/t Au from 205.4m including 1m at 81g/t Au (deepest hole on Solna)

    • 2m at 12g/t Au from 89m

  • Tambiri Prospect, Bangaba Project :

    • 3m at 18g/t Au from 58m including 1m at 51g/t Au

    • 9.3m at 4.9g/t Au from 62.7m including 2.3m at 17g/t Au

    • 13.3m at 3.6g/t Au including 1.2m at 22g/t au

• Bonsiega Project :

  • Dave Prospect, Laterite Hill Grid :

    • 10m at 18g/t Au from 74m including 2m at 74g/t Au (highest grade to date on Bonsiega Project)

    • 10m at 2.5g/t Au from 88m

  • Laterite Hill Prospect, Laterite Hill Grid:

    • 26m at 1.2g/t Au from 71m including 14m at 1.8g/t Au

    • 22m at 1.4g/t Au from 48m

  • Tamboana Prospect :

    • 5m at 5.1g/t Au from 36m including 1m at 22g/t Au

  • Koundi Zone (new discovery) :

    • 4m at 5.7g/t Au from 76m (stopped in mineralisation)

  • Prospect 71 (new discovery) :

    • 32m at 1.7g/t Au from 26m including 24m at 2.1g/t Au

  • Prospect 71 west (new discovery) :

    • 18m at 1.0g/t Au from 54m including 6m at 2.3g/t Au (stopped in low grade mineralisation)

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• Exploration for the quarter on Burkina Faso gold properties included:

• 2,741 power auger drill holes on the Bonsiega and Bangaba Projects, totalling 15,023m .

• 206 RC and air core drill holes on the Laterite Hill Grid, Bonsiega Project, totalling 13,101m .

• 8 diamond drill holes on the Laterite Hill Grid, Bonsiega Project, totalling 1,170m.

• 107 km[2] of geological mapping.

• 8,725 samples were submitted to PDI’s Burkina Faso laboratory during the Quarter with a large number of assay results pending .

PLANNED JUNE QUARTER EXPLORATION PROGRAM

• Completion of RC drilling program on the Bonsiega and Bangaba gold projects totalling approximately 17,000m.

• Completion of power auger geochemical drilling programs on the Bonsiega and Boussouma Projects totalling approximately 8,000m.

• Geological mapping on the Bonsiega and Tyekanyebi Projects .

CORPORATE

$3.5 million of cash reserves at 31 March 2012 and no debt.

INTRODUCTION

PDI’s major country focus is Burkina Faso, West Africa where it has established a large Burkina-based exploration team and a large regional tenement package located mainly in the north east of the country, largely in the Bonsiega and Bangaba Projects (Figure 1).

The Bonsiega Project covers approximately 100 km of strike length in the Samira Hill greenstone belt in eastern Burkina Faso. This belt hosts the 2.5 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length. The Bangaba Project covers a 10 km strike of the nearby Sebba Belt, including the largest known artisanal workings in the area.

A major program of exploration was underway in Burkina Faso during the March Quarter. Since the beginning of November, when field programs began after the rainy season, the Company has completed 46,000m of drilling.

This year’s drilling programs have two objectives –

• To identify the scale of potential gold mineralised systems on PDI’s properties.

• To infill drill the best prospects with RC and diamond drilling in order to advance them towards a JORC resource calculation.

Numerous encouraging drill results have been reported in the March Quarter, indicating that the Company is making rapid progress towards this goal.

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PROJECTS

Burkina Faso

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Figure 1: Locality Plan – PDI Projects in Eastern Burkina Faso superimposed on Government geological map. Results from the yellow labelled Prospects are provided in this Quarterly Report.

Bonsiega Gold Project

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Figure 2: Bonsiega Project locality plan superimposed on Government geological map (pink is granite, green is greenstone). The ElDore Joint Venture (PDI 72%) permits are outlined in blue, two 95% earn-in option agreements are in red, a 100% option agreement is in magenta and PDI’s wholly owned Tamfoagou permit is in brown.

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ElDore Joint Venture (PDI - 72%)

The ELDore Joint Venture covers four permits within the Bonsiega Project (Figure 2). PDI’s partner is ElDore Mining Corporation Limited.

During 2011, auger drilling identified an 18km long zone of strong bedrock gold anomalies in the Laterite Hill Grid area. In mid-2011 RC drill holes at the Dave and Dave East Prospects located a series of goldbearing mineralised zones containing numerous ore grade and width intercepts over a strike length of 2km, including:

• 46m at 1.7g/t Au from 22m, including 26m at 2.7 g/t Au.

• 46m at 1.4g/t Au from 16m, including 8m at 4.0 g/t Au.

• 14m at 3.7g/t Au from 66m.

• 18m at 1.6g/t Au from 16m, including 2m at 7.8g/t Au.

• 16m at 1.7g/t Au from 66m, including 6m at 4.0g/t Au.

The March Quarter field program has been focused on developing a clearer idea of ore continuity in the Dave and Dave East Prospects and drill testing the power auger gold anomalies.

RC, Air Core and Diamond Drilling Programs – Laterite Hill Grid (Sirba and Madyabari Permits)

A total of 14,271m of RC, air core and diamond drilling was completed on the Laterite Hill Grid in the March Quarter. The program consisted of:

• RC and air core drilling, totalling 6,906m, designed to infill drill the known gold mineralisation at the Dave and Dave East Prospects and test potential extensions to the west and east. 5 km out of a total known strike length of 7 km of bedrock gold geochemical anomalies has now been tested;

• Reconnaissance RC drilling on lines either 400m or 800m apart, totalling 6,195m on the Laterite Hill, Tamboana, Prospect 71 and Prospect 71 West Prospects, designed to test parts of the very large power auger geochemical anomalies previously identified there; and

• Diamond drilling of 8 holes, totalling 1,170m on the Dave, Dave East, Laterite Hill and Prospect 71 Prospects principally to obtain oriented structural geological data and density measurements.

Drill hole locations are shown in Figure 3. Holes for which assays have been received are distinguished from those that are still pending.

The majority of holes were drilled at an inclination of -50 degrees although some of the holes were drilled vertically in order to obtain geochemical samples beneath thick alluvium which earlier power auger drilling could not penetrate. Down hole trajectories for the angle holes were surveyed using a gyroscopic instrument. Analytical standards and blanks were inserted at regular intervals for quality control, and samples were submitted for fire assay to the SGS Laboratory in Ouagadougou. Many assay results are pending owing to insufficient capacity in the local analytical laboratories to cope with the current demand.

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Figure 3: Laterite Hill Grid showing Prospect and drill locations superimposed on map showing power auger grid and locations of bedrock gold geochemical anomalies greater than 25ppb Au.

Power Auger Drilling Programs – Fouli Permit

842 power auger holes totalling 5,313m were drilled on a large grid on the Fouli Permit (see Figure 2 for location). The drilling was designed to test a large Predictore[TM] target. Holes were drilled on a 400m by 50m grid pattern and samples collected both from the interface between superficial cover and weathered bedrock (saprolite) and from the saprolite itself. Assays are pending.

Drill Assay Results

Assay results for all RC, air core and diamond drilling received during the Quarter are tabulated at the end of this report.

Laterite Hill Grid: Dave-Dave East: December Quarter Infill and Twin Hole RC Drilling Program

PDI carried out a small shallow infill and twin hole drilling program in December 2011. The purpose of this program was to generate some dry holes above the water table suitable for orientated hole wall imaging and also to determine if hole to hole continuity exists on various cross sections. 16 holes were drilled, totalling 724m.

All RC holes were drilled towards the north-west on an azimuth of 320 degrees at an inclination of -50 degrees. Drill collars were placed either a few metres away from the original holes or as 20m infills between original, 40m spaced holes. Holes were selected to provide an even spread of geological information rather than necessarily focusing on the best previous intercepts. Drill depths varied from 30 to 50m. Petrographic work on RC chips indicated that most of the rocks are dacitic volcanics.

Better drill assay results included:

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• 8m at 3.3g/t Au from 22m

• 11m at 1.4g/t Au from 29m

• 14m at 1.0g/t Au from 8m

• 8m at 1.5g/t Au from 34m

• 7m at 1.7g/t Au from surface

• 10m at 1.2g/t Au from 19m

Conclusions drawn from this program were as follows:

• In the majority of the drill sections tested in Dave East, the infill holes indicated that the higher grade mineralisation (>0.5g/t Au) can be correlated from hole to hole, generally within a broader band of low grade gold mineralisation.

• At Dave East, a combination of interpretation of the RC drill results plus the structural information drawn from the orientated in-hole imaging suggests that there are a series of lodes that strike obliquely in a NE orientation across the drilled zone, and hence across the bedrock geochemical anomalies as well (Figure 4). This also suggests that the lodes mostly remain open at either end along strike.

• At Dave, there are suggestions that some of the mineralised lodes dip to the NW rather than the SE dip anticipated in the drill program design. This highlighted the need to drill scissor holes to the SE.

• Grades in the near surface tend to be lower than at intermediate depths i.e. 20-60m down-hole. This may reflect some limited leaching and/or re-distribution of the gold at shallow depths. This may help explain why the results from this drilling program were slightly lower grade than those from the June-July 2011 program with hole depths of 85 to 90m.

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Figure 4: Locality map – Dave East infill and twin hole drilling program. The red shaded areas indicate the current interpretation of the orientation of the gold-bearing zones. All RC holes drilled up to the end of January are shown by the small white circles. Diamond drill holes completed in January 2012 are the small red circles. The power auger anomaly outline shows the correlated zones strike at an oblique angle to the overall gold anomalous trend.

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Laterite Hill Grid: March Quarter 2012 Drilling Program

Dave and Dave East Prospects (Figure 5)

Assays for all or part of 13 holes out of a total of 137 have been received from the infill and extension drilling on the Dave and Dave East Prospects. The best results received so far are as follows:

• 10m at 18g/t Au from 74m, including 2m at 74g/t Au

• 10m at 2.5 g/t Au from 77m including 2m at 8.3g/t Au

• 2m at 6.9g/t Au from 12m

The high grade gold result (10m at 18g/t Au) was from infill drilling of a mineralised zone interpreted between adjacent drill sections 100m to the east and west. Other higher grade intercepts encountered so far at Dave and Dave East are also relatively deep (e.g. 2m at 14.8g/t Au from 74m down-hole, 2m at 12.4g/t Au from 74m, 2m at 13.7g/t from 54m). This observation may point to potentially higher grades at depth.

The 2m at 6.9g/t Au intersection was obtained from an RC hole 400m west of any previous RC drilling.

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Figure 5: Dave-Dave East Prospect – drill hole locations and assay highlights.

Laterite Hill and Tamboana Prospects (Figure 6 )

This program was designed to test the very broad bedrock gold anomalies outlined by earlier power auger drilling. The holes were drilled on 400m sections and better results include:

• Tamboana Zone:

• 5m at 5.1g/t Au from 36m including 1m at 22g/t Au

• 4m at 2.9g/t Au from 32m

• Koundi Zone:

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o 4m at 5.7g/t Au from 76m

• Laterite Hill Shear Zone (includes Laterite Hill artisanal mine site):

• 26m at 1.2g/t Au from 71m including 14m at 1.8g/t Au

• 22m at 1.4g/t Au from 48m

• 4m at 2.9g/t Au from 12m

• 9m at 1.3g/t Au from 9m

• 11m at 1.3g/t Au from 34m (a separate zone nearby)

Locations of these intercepts are shown on Figure 6. The Laterite Hill Prospect contains broad, moderate grade intercepts similar to those seen at Dave/Dave East while the Tamboana and Koundi zones are narrower but may be somewhat higher in grade. Such higher grade sections offer the potential of lifting overall resource gold grades. The Koundi zone is a new discovery .

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Figure 6: Laterite Hill and Tamboana Prospects plus new Koundi Zone – drill locations and assay highlights

Prospect 71 and Prospect 71 East (Figure 7)

Holes were drilled on 400m and 800m sections to test parts of the very broad bedrock gold anomalies on the Prospects. Some assay results are still pending including a drill section from an area where Emerging African Gold recorded 4m at 15g/t Au in 1997 (see Figure 7). Better results included:

• 32m at 1.7g/t Au from 26m including 24m at 2.1g/t Au

• 18m at 1.0g/t Au from 54m including 6m at 2.3g/t Au

• 6m at 2.3g/t Au from 6m

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The first and second intercepts are separate new gold discoveries, respectively in the north of Prospect 71 and at the western end of Prospect 71 West. There are no workings in either area and each zone is open in all directions .

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Figure 7: Prospect 71 and Prospect 71 West – drill locations and assay highlights

Laterite Hill Grid Western Extension: December 2011 Power Auger Drill Program

PDI’s exploration strategy on the Laterite Hill Grid has been to use power auger drilling to map the extent of gold anomalies along interpreted structural trends and then follow up high priority targets with RC drilling. The Laterite Hill Grid was extended to the west in the December Quarter and assays received from power auger drilling in the March Quarter.

A new 2.2 km long zone of bedrock gold anomalies was discovered west of Prospect 71 (Figure 8). Peak values were 5.7g/t Au, 3.5/t Au, 2.7g/t Au and 1.4g/t Au. These results increased the aggregate strike length of gold geochemical anomalies on the Laterite Hill Grid to more than 18km . The mineralised system is likely to continue even further to the south-west on other structures that are visible in the aeromagnetic data, and work is planned to test these extensions before the end of the field season.

An infill power auger program was commenced in March, closing in the sample spacing around anomalous areas. 47 holes, totalling 668m were completed during the Quarter. Assays are pending.

As reported in the previous section of this report, four reconnaissance RC holes were drilled under some of the higher power auger values and a new gold mineralised zone was identified.

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Figure 8: Laterite Hill Grid – power auger sampling results superimposed on aeromagnetic map. Results are only shown where the power auger drill rig penetrated through to weathered bedrock (saprolite).

Geological Mapping

PDI geologists completed 83 sq km of geological mapping on the Laterite Hill Grid, largely in the vicinity of Prospect 71.

PDI Equity in ElDore Joint Venture

PDI increased its equity from 60% to 72.1% during the Quarter. The Company’s Joint Venture Partner, ElDore Mining Corporation Limited, decided not to contribute to two cash calls, totalling $635,386 (GST included). Application of the dilution clause in the Heads of Agreement between the two companies, dated January, 2010, resulted in the increase in PDI’s equity.

Aoura and Tangagari Permits (PDI Earning 95%)

Power Auger Drill Program

The Company completed 729 power auger drill holes totalling 5210m on the Aoura and Tangagari Permits in the north-eastern part of the Bonsiega Project (Figure 2). The drilling was designed to test Predictore[TM] targets as well as some areas of artisanal gold workings. The program also tested along strike from the Aoura artisanal workings in the Aoura Permit, where historic drilling (by Anmercosa in the late 1990’s) was reported to have intersected:

• 14m at 2.4g/t Au from 83m including 1m at 26g/t Au

• 7m at 1.7g/t Au from 33m

• 4m at 4.6g/t Au from 8m

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Holes were drilled on a 400m by 50m grid pattern and samples collected both from the interface between superficial cover and weathered bedrock (saprolite) and from the saprolite itself. Assays are pending.

Geological Mapping

PDI geologists completed 24 sq km of geological mapping on the Aoura Permit.

Bangaba Project (PDI earning 95%)

Bangaba Gold Project Background

Background

The Bangaba project in Eastern Burkina Faso covers areas of extensive artisanal mining. PDI is earning a 95% interest in the 128 km[2] Bangaba exploration permit by making a series of staged payments in cash and shares. Following completion of the second of these payments In late February 2012, PDI’s equity now stands at 68%.

Significant quantities of gold have been produced at Bangaba for some 27 years with cumulative gold production estimated to be several tonnes. Known workings are located on two complex structures on the north-west and south-east contacts of a diorite-granodiorite body (Figure 9).

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Figure 9: Bangaba Project geological map showing location of Solna and Tambiri Prospects.

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Diamond Drilling Assay Results

In November and December 2011, eight diamond drill holes totalling 1,083m at Solna and nine diamond drill holes totalling 972m at Tambiri were completed. Gold assays have now been received for all 17 holes.

Solna Diamond Drill Program - December, 2011

The Solna Prospect covers a 600 metre long zone of active artisanal workings where gold is being extracted from quartz veins that occur within sheared sections of a host granodiorite adjacent to a contact with metasedimentary rocks (Figure 2). The shear zones and the quartz veins hosted within them are believed to vary in dip between 40 to 60 degrees to the south-east.

A complete list of assay results is tabulated at the end of this report. Better gold intercepts included:

• 5.6m at 16g/t Au from 205.4m including 1m at 81g/t Au

• 2m at 11.5g/t Au including 1m at 17g/t Au

• 3m at 5.1g/t Au including 1m at 12g/t Au

• 2m at 7.3g/t Au including 1m at 13.7g/t Au

Interpretation of the Solna drilling results has identified three lodes, termed the A, B and C Lodes which, in places. Figure 10 illustrates the gold intersections and their interpreted lode designations in plan view. Figure 11 is a cross section through the SOLDD002 and SOLDD003 intersections. Correlations of specific lodes were influenced by oriented core data from the diamond drill holes with the locations of artisanal workings marking the near surface positions of the A, B and C Lodes.

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Figure 10: Plan view of the PDI’s Solna drill results to date. The interpreted surface projection of gold mineralisation in the three known gold mineralised lodes is shown in the areas shaded in yellow (A Lode), red (B Lode) and blue (C Lode).

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Figure 11: Cross-section through holes SOLDD002 and SOLDD003. The bracketed notes on dip in core refer to the recorded dip of the mineralised shear zones from oriented core in each diamond drill hole.

Tambiri Diamond Drilling

At Tambiri the mineralised system consists of a series of quartz veins in sheared and strongly altered mafic volcanics. The highest grades appear to be associated with minor amounts of zinc, lead and copper sulphides. PDI’s earlier RC drilling programs have tested the zone over a strike length of 600 metres with gold values returned along the entire length.

The Company’s diamond drilling program was planned to test an area where previous diamond drilling by High River Gold had obtained four high grade intercepts – 16m at 10.6g/t Au , 2m at 56g/t Au , 5m at 16.4g/t Au and 2m at 9.9g/t Au . The drilling was also designed to obtain oriented drill core through the mineralisation.

Assays from this program are tabulated at the end of this report and a longitudinal projection of the entire zone is provided in Figure 12. Better intercepts included:

• 8.7m at 7.3g/t Au from 58m including 1m at 51g/t Au

• 9.3m at 4.9g/t Au from 62.7m including 2.3m at 17g/t Au

• 28.4m at 1.7g/t Au from 39.0m including 1m at 17.3g/t Au and 1m at 15.9g/t Au

• 13.3m at 3.6g/t Au from61m including 1.2 m at 22g/t Au

A south-west plunge on the higher grade gold mineralised zone is indicated by these results identifying significant down-plunge potential.

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Figure 12: Longitudinal Projection through the Tambiri gold mineralised zone showing PDI’s drill results and contours. The contour intervals are calculated by multiplying the gold values calculated at a 0.5g/t Au cutoff by the down-hole width in metres.

Power Auger Drill Program

PDI completed 1,123 power auger drill holes totalling 3,832m in the vicinity of the Solna Prospect. The program was designed to infill earlier power auger results in order to identify RC drill targets. Samples were taken on 200m x 25m and 100 x 12.5m drill hole densities. Assays are pending.

Planned June Quarter Exploration – Burkina Faso

Planned exploration activities for the June Quarter include the following:

• RC drilling programs. 17,000m of RC drilling remains to be drilled in the June Quarter. The focus of this drilling will be infilling around known drill intercepts at the Company’s various Prospects as well as testing along strike from some of the new gold mineralised zones discovered in the March Quarter. A limited number of holes will be allocated to testing new targets. Specific priorities will be:

o Bangaba

• Infill drilling and drill testing of the down-dip potential of three known lodes at the Solna prospect. The C Lode (Figure 10) will also be tested along strike to the north under alluvial cover.

• Limited infill drilling along with more extensive drill testing of the down-plunge potential of the known Tambiri gold mineralised zone (Figure 12).

• Limited testing of new targets identified by the power auger program.

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o Bonsiega

• Infill drilling on the Dave and Dave East Prospects

• Infill and along strike testing of the gold mineralisation now known at the Laterite Hill, Tamboana and Prospect 71 Prospects

• A small reconnaissance program on the Aoura Permit along strike to the east from the artisanal workings.

• Power Auger Programs, totalling approximately 8,000m:

• Boussouma - completion of a reconnaissance power auger drill program testing structures interpreted from PDI’s 2011 aeromagnetic survey and areas of artisanal gold workings.

• Kodogou South and Sirba Permit – reconnaissance power auger drilling of Predictore[TM ] targets along the structural corridor south-west of Prospect 71

Australia

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Figure 13: Location of PDI’s Australian Projects

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Victoria - Gold (PDI 100%)

Cape Clear Joint Venture

PDI entered into a modest joint venture agreement during the Quarter on an Exploration Licence (EL4691 – Cape Clear) near its Skipton EL. The agreement was signed with Leviathan Resources Pty Ltd, a subsidiary of AuRico Gold Inc. Under the terms of this agreement, PDI may obtain a 100% interest in the EL by expenditure of $500,000. The vendor will receive a 1.5% royalty if a decision to mine is made. The minimum expenditure before withdrawal is $70,000.

The target is a large Stawell type gold mineralised system, as at Skipton. The area is of interest because it contains:

• Widespread alluvial and primary gold workings

• Evidence of Cambrian basalt domes (similar to those at Stawell), concealed below cover

• It is at the intersection between two very major structures

• Very little modern exploration has been carried out in the areas which PDI is targeting.

Exploration on this area will be conducted in tandem with Skipton. The exploration budget for Victoria will remain the same but some of it will now be spent on exploring the Cape Clear area as well.

Gravity Survey

PDI conducted a modest gravity survey program on both the Skipton and Cape Clear ELs during the Quarter. The Skipton survey filled in some gaps left when access to land could not be negotiated during an earlier program. Processing of the data was in progress at the end of the Quarter.

CORPORATE

At 31[st] March 2012, PDI held cash and term deposits of $3.5 million and no debt.

DRILL ASSAY RESULTS TABLE

	Collar coordinates (UTM, WGS84, 31N)	Collar coordinates (UTM, WGS84, 31N)			0.5g/t Au cut-off	0.5g/t Au cut-off	0.5g/t Au cut-off
Hole number	Easting	Northing	Azimuth	Inclination	Depth from	Interval	Average (g/t Au)	Comments
	DAVE & DAVE		EAST PROSPECTS - DECEMBER 2011 TWIN/INFILL PROGRAM
DAVRC073	216,978	1,420,103	320	-50	8	14	1	Infill hole
DAVRC074	216,825	1,419,977	320	-50	0	7	1.7	Infill hole; stopped in mineralisation
DAVRC074	216,825	1,419,977	320	-50	17	4	0.7
DAVRC074	216,825	1,419,977	320	-50	29	11	1.4
DAVRC076	216,566	1,419,969	320	-50	19	10	1.2	Infill hole
DAVRC077	216,467	1,419,782	320	-50	20	4	1.1	Infill hole: stopped in mineralisation
DAVRC077	216,467	1,419,782	320	-50	34	4	0.7
DAVRC078	214,951	1,419,405	320	-50	13	6	0.7	Infill hole
DAVRC079	214,797	1,419,279	320	-50	28	6	1.2	Infill hole
DAVRC080	214,805	1,419,265	320	-50	23	4	0.9	Twin hole – DAVRC025 (16m at 0.7g/t Au)
DAVRC081	214,640	1,419,155	320	-50	16	8	1.1	Twin hole – DAVRC019 (46m at 1.4g/t Au

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DAVRC081	214,640	1,419,155	320	-50				extending beyond end of this hole; results suggest that dip is likely steep to NW rather than SE as previouslyexpected)
DAVRC082	214,937	1,419,417	320	-50	10	8	0.7	Twin hole – DAVRC028 (20m at 0.6g/t Au)
DAVRC083	215,147	1,419,487	320	-50	18	14	0.7	Twin hole – DAVRC039 (18m at 0.6/t Au)
DAVRC084	215,937	1,419,779	320	-50	16	4	1.7	Twin hole – DAVRC049 (8m at 0.7/t Au and 23m at 1.0g/tAu)
DAVRC085	215,963	1,419,749	320	-50	20	4	0.6	Twin hole – DAVRC050 (18m at 1.6g/t Au; results indicate vein set does not dip to the SE as previouslyexpected)
DAVRC085	215,963	1,419,749	320	-50	30	4	0.7
DAVRC086	216,479	1,419,764	320	-50	20	4	0.5	Twin hole – DAVRC005 (8m at 1.4g/t Au)
DAVRC086	216,479	1,419,764	320	-50	32	8	1.4
DAVRC087	216,839	1,419,962	320	-50	18	18	0.8	Twin hole – DAVRC014 (12m at 1.3g/t Au)
DAVRC087	216,839	1,419,962	320	-50	44	4	2.5
DAVRC088	216,988	1,420,086	320	-50	34	8	1.5	Twin hole – DAVRC068 (46m at 1.7g/t Au extending beyond the depth of the twin hole)
DAVRC088	216,988	1,420,086	320	-50	22	8	3.3
	DAVE & DAVE EAST PROSPECTS - MARCH QUARTER 2012
DAVDD001	217005	1420073	320	-50	61	2	1.1
					109.5	2.5	0.9
DAVDD002	216083	1419604	320	-50	76	7	1.1
					88	1	1
DAVDD003	214848	1419219	320	-50	73	3	1.5	within 23.5m at 0.7g/t Au
					81	4	1.6
					92	2	1.8
DAVDD004	214649	1419140	320	-50	10	1	2
					24	7	1.3
					39	1	1.7
					110	1.5	3.7
					120	1	3.4
DAVRC102	214604	1419191	140	-50	70	16	0.7	Results pending for 0- 62m
DAVRC103	214691	1419258	140	-50	74	8	22	Within 10m at 18g/t Au and includes 2m at 74g/t Au
DAVRC104	214708	1419235	140	-50	72	4	1.1
					88	8	3	Within 10m at 2.5g/t Au and includes 2m at 8.3g/t Au
DAVRC106	214533	1419129	140	-50	66	2	2
DAVRC107	214557	1419097	140	-50	34	4	1.4	Within 26m at 0.7g/t Au
					46	8	1.1
DAVRC108	214239	1419016	140	-50	44	2	1.3
DAVRC109	213896	1418796	140	-50	12	2	6.9
	LATERITE HILL, TAMBOANA AND KOUNDI PROSPECTS - MARCHQUARTER 2012
LATDD002	212137	1415919	320	-50	9	7	1.6
					39	4	1.1
					51	1	8.4	Within 6m at 1.7g/t Au
					56	1	1.6
LATRC001	210801	1414709	140	-50	34	2	0.5
LATRC006	211005	1415089	140	-50	18	2	0.9

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LATRC010	211110	1414966	140	-50	36	5	5.1	Within 6m at 4.3g/t au and includes 1m at 22g/t Au
LATRC012	211162	1414906	140	-50	6	2	0.8
LATRC012	211162	1414906	140	-50	62	2	0.6
LATRC013	211187	1414876	140	-50	30	2	1.5
					50	4	1.9
LATRC014	211212	1414843	140	-50
					24	1	1.1
LATRC015	211240	1414816	140	-50	50	2	1.6
LATRC018	211317	1414725	140	-50	34	4	1.8
					42	2	1.2
LATRC019	211342	1414692	140	-50	50	4	1.7
					72	4	1.4
LATRC020	211370	1414660	140	-50	6	2	1.1
LATRC022	210879	1415236	140	-50	25	2	1.3
LATRC023	210902	1415214	140	-50	71	14	1.8	Within 26m at 1.2g/t Au
LATRC026	210982	1415119	140	-50	34	7	1.5	Within 11m at 1.3g/t Au
LATRC029	211391	1415254	140	-50	32	4	2.9
LATRC031	211589	1415631	140	-50	12	4	2.9
					52	2	0.9
LATRC033	211645	1415575	140	-50	46	4	0.5
LATRC036	211923	1415861	140	-50	40	4	1.8
LATRC039	212258	1416085	140	-50	48	22	1.4
LATRC040	212283	1416055	140	-50	0	24	0.9
LATRC042	212668	1416221	140	-50	76	4	5.7
	PROSPECT 71 & PROSPECT 71 WEST PROSPECTS - MARCH QUARTER 2012
PSODD001	208881	1413250	320	-50	48	3	1.4
					136	1	1
					147	5	1.3
PSORC002	208199	1412520	320	-50	64	2	1.4
					74	2	1.3
PSORC004	208506	1412777	320	-50	2	6	2.3
					34	4	0.7
PSORC005	208480	1412808	320	-50	70	4	0.8
PSORC006	208454	1412838	320	-50	6	2	1.3
PSORC009	208696	1413147	320	-50	48	6	0.9
PSORC010	209067	1413352	320	-50	20	2	1.3
					54	2	2.4
PSORC011	209040	1413381	320	-50	2	2	1.2
PSORC018	207931	1412761	110	-50	16	6	0.8
PSORC019	207967	1412749	110	-50	56	2	1.2
PSORC020	208008	1412737	110	-50	18	4	1.2
					42	2	1.1
PSORC022	207950	1413397	110	-50	2	4	0.7
PSORC025	208060	1413359	110	-50	8	2	1.7
PSORC041	208051	1413785	110	-50	26	24	2.1	Within 32m at 1.7g/tAu
PSORC043	203400	1411087	320	-50	60	6	2.3	Within 18m at 1.0g/t Au
PSORC044	203435	1411045	320	-50	26	10	0.7	Within 18m at 0.6g/t Au
		SOLNA DIAMOND DRILLING PROGRAM				- DECEMBER 2011
SOLDD001	225,028	1,479,870	-60	310	100	1	0.9
SOLDD002	225,005	1,479,835	-60	310	55	2	7.3	Includes 1m at 13.7g/t Au
SOLDD002	225,005	1,479,835	-60	310	100	1	0.9
SOLDD003	225,130	1,479,735	-50	310	205.4	5.6	16.1	Includes 1m at 81g/t Au
SOLDD004	224,985	1,479,800	-60	310	73	2	4.1
SOLDD004	224,985	1,479,800	-60	310	121	1	3.4
SOLDD005	224,943	1,479,735	-60	310	89	2	11.5	Includes 1m at 17g/t Au
SOLDD006	224,830	1,479,507	-60	310	38.6	2.5	1.6
SOLDD006	224,830	1,479,507	-60	310	58	3	5.1	**Includes 1m at 11.7g/t **

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								Au
SOLDD006	224,830	1,479,507	-60	310	73	1	4.9
SOLDD008	224,669	1,479,690	-60	310	45	1	1.1
	TAMBIRI DIAMOND DRILLING PROGRAM – NOVEMBER-DECEMBER 2011
TMBDD001	227,625	1,487,590	-50	310	58	3	18.3	Within 8.7m at 7.3g/t Au, includes 1m at 51.3g/t Au
TMBDD002	227,594	1,487,565	-50	310	62.7	9.3	4.9	Includes 2.3m of 17.4g/t Au
TMBDD003	227,572	1,487,530	-50	310	39	4	4.8	Within 28.4m at 1.7g/t Au, includes 1m at 17.3g/t Au
TMBDD003	227,572	1,487,530	-50	310	53	1	15.9
TMBDD003	227,572	1,487,530	-50	310	66	1.4	6.3
TMBDD004	227,552	1,487,492	-50	310	61	3	3.1	Overall zone: 13.3m of 3.6g/t from 61.0m
TMBDD004	227,552	1,487,492	-50	310	66.8	1.2	22.4
TMBDD004	227,552	1,487,492	-50	310	70.3	4	2.7
TMBDD005	227520	1487470	-50	310	60	3	1.0	1.5m core missing – probably was high grade mineralisation
TMBDD006	227,494	1,487,440	-50	310	52.7	0.9	2
TMBDD007	227,462	1,487,417	-50	310	42	1.8	1.8
TMBDD008	227,433	1,487,384	-50	310	49	0.5	3.8
TMBDD009	227660	1487396	-50	310	226	1	11.7

Notes regarding the drilling and the assay table:

1. Down-hole surveys were performed on all holes.

2. Analytical standards, blanks and duplicates added to all sample batches for quality control.

3. Analyses were performed by fire assay at the SGS laboratory in Ouagadougou.

4. Average assay values are calculated with a maximum of 4m of internal waste.

About Predictive Discovery:

Predictive Discovery Limited (PDI) was established in late 2007 to explore for gold and uranium. The Company is focused principally on exploration for gold in West Africa with one additional gold project in Australia. PDI has a distinctive technological capability, known as Predictore [TM] , which is designed to increase drill targeting efficiency thereby reducing ore discovery cost. The Company’s major focus is in Burkina Faso, West Africa where it holds interests in a large regional tenement holding in the north east of the country and is exploring for large open-pittable gold ore deposits.

Competent Persons Statement

The exploration results reported herein, insofar as they relate to mineralisation, are based on information compiled by Mr Paul Roberts (Fellow of the Australian Institute of Geoscientists). Mr Roberts is a full time employee of the company and has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a Competent Person as defined by the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2004 Edition). Mr Roberts consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

For further details please contact:

Paul Roberts Managing Director Tel: +61 8 9216 1020 Email: paul.roberts@predictivediscovery.com

Fergus Ross Six Degrees Investor Relations + 61 420 980 448

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