PREDICTIVE DISCOVERY LIMITED — Regulatory Filings 2012

Nov 21, 2012

22nd November 2012

Predictive Discovery Limited is a gold exploration company with advanced exploration projects in Burkina Faso, West Africa and strong technical capabilities.

ASX: PDI

Issued Capital: 156M shares Share Price: 8.2 cents Market Capitalisation: $ 12.8 M

Cash (at 31 October 12): $1.2M

Directors

Phillip Harman Non-Exec Chairman

Paul Roberts Managing Director

Bobby Danchin Non-Executive Director c

Tom Whiting Non-Executive Director

Phil Henty Non-Executive Director

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ASX Announcement

New Artisanal Gold Rush on Laterite Hill Goldfield

Predictive Discovery Limited ( ASX: PDI ) announces that a large gold rush has occurred at the Madyabari artisanal site within the Laterite Hill Goldfield in its Eastern Burkina Faso Gold Project (Figure 1). The site is 8km north-east of the previously drilled Dave Prospect (Figure 1). There has not been any past drilling at Madyabari and PDI has scheduled the first drill program in December 2012.

Company geologists inspected the site recently and estimate that there are at least 5,000 people there. Artisanal miners are thought to have been drawn to the site from a radius of at least 80km. The gold rush commenced in July 2012, during the rainy season. Prior to that time, there were no more than 20 persons at the historic workings.

The gold rush was sparked by discovery of gold-bearing quartz veins which appear to be very high in grade. The new workings now cover an area approximately 500m long and 200m wide, and the artisanal miners are either exploiting or testing for flat dipping veins. Three veins are reported by the artisanal miners and there may be many more below.

There is a very large processing camp on site (Figures 2 and 3), indicating that a significant quantity of gold has already been recovered.

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Figure 1: Locality of Madyabari gold rush in Eastern Burkina Faso on Government geological map. PDI permits are in brown. Selected prospects shown as yellow dots.

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PDI has now started geological mapping at Madyabari in preparation for a small RC drilling program in December. This represents a high grade gold target and therefore fits with the Company’s strategy of testing high grade gold targets in the Eastern Burkina Faso 3,000m drilling program which is now scheduled to commence on approximately 10[th] December 2012.

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Figure 2: Panorama of the Madyabari site taken from the closest high point. There is an exceptionally large sluicing operation on site (see at the left of image and also on Figure 3).

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Figure 3: Closer image of processing site with inset pictures of different operations.

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Figure 4: Visible gold in quartz from Madyabari site (circled)

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Figure 5: Active artisanal mine workings at Madyabari

PDI is confident that it will be able to drill within the area of active artisanal workings because of its strong relationship with the artisanal gold buying group, SOMIKA, which manages security on the site. SOMIKA is PDI's partner on the Bangaba permit.

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 has assembled a substantial regional ground position totalling 1,544km[2] 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 Ian Hobson Managing Director Company Secretary Tel: +61 8 9216 1020 Tel: +61 8 9216 1020 Email: Email: ianhobson@bigpond.com paul.roberts@predictivediscovery.com

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