RUMBLE RESOURCES LIMITED — Capital/Financing Update 2011

Sep 27, 2011

ASX Announcement

28 September 2011

Rumble Expands WA Portfolio Via Acquisition

Australian exploration company Rumble Resources Ltd (ASX: RTR) ("Rumble") has made two key acquisitions:

• Boolaloo Project which further increases Rumble's strategic holding in the emerging Ashburton Gold Province; and
• Beadell Project which expands Rumble's exploration portfolio into the Patterson Province of Western Australia.

The Company has acquired an interest in both projects from Cauldron Energy Ltd (ASX:CXU) for a cash consideration of $300,000, with both assets being non-core and nonuranium assets of Cauldron.

The Boolaloo Project consists of E08/1605, E08/1756, E08/2123, E08/2141, E08/2152 and ELA08/2153 and further expands the Ashburton project area after Rumble made applications for ground during September 2011.

The acquisition of the Boolaloo Project provides Rumble with a substantial presence in the Ashburton Province. The Boolaloo Project is adjacent to the Paulsens Gold Mine, operated by Northern Star Resources (ASX: NST). The Paulsens Mine contains an Indicated and Inferred Resource of 1,268,000t at 5.3 g/t for 226,000 oz gold and is currently producing in excess of 80,000 oz gold per annum.

Rumble has also acquired a significant interest in the Beadell Project, having obtained a 60% interest in E45/2405 and E45/2406 and an 80% interest in ELA 45/3799 and ELA 45/3823.

The Beadell Project is in the Patterson Province of Western Australia and covers the highly prospective Rudall Complex host to world class occurrences of copper, gold, uranium and manganese.

Boolaloo Project

The Boolaloo Project is situated approximately 270 km east of Exmouth and is accessed via the sealed road from NW Coastal Highway.

The main lithologies at Boolaloo are the sedimentary rocks of the Proterozoic Ashburton

Rumble Resources Ltd

ABN 74 148 214 260

Suite 24, 22 Railway Road SUBIACO WA 6008

PO Box 1905 SUBIACO WA 6904

ASX: RTR

26.9 M ordinary shares

4.25 M unlisted options

Board of Directors

Mr Andrew McBain Managing Director

Mr Michael Smith Non-executive Director

Mr Matthew Banks Non-executive Director

Mr David Palumbo Company Secretary

ASX Announcement

basin and the Boolaloo granite which is the most northerly extent of the Gascoyne complex.

The most recent exploration by Cauldron Energy (formerly Jackson Minerals) included, data and literature reviews, geological mapping, rock chip sampling, channel sampling, geochemical sampling, RC drilling, geophysical surveys including IP, VTEM and Hyperspectral and an Aboriginal heritage survey.

In 2007 Jackson completed 22 RC drill holes for 2,462 metres at the K15, K16 and Minga West prospects on tenement E08/1605. The drilling had the primary objective to test the depth extent of surface mineralisation and intersected significant copper and gold mineralisation. The program intersected significant copper and gold mineralisation with three intersections of greater than 3m at 1.0% Cu. MIRC002: 3m @ 1.06% Cu and 1.4 g/t gold; MIRC004: 4m @ 1.48% Cu and 0.89g/t Au from 95m; and MIRC009: 3m @ 1.06% Cu and 0.94g/t Au from 137m. All holes were drilled at - 60deg to the east.

In 2008, an aeromagnetic survey was conducted over the Minga Bore area with a low level airborne magnetic, radiometric and digital terrain survey. This survey included approximately 2,200 line kilometres, at 50 metre line spacing and 30 metre sensor height. Jackson also completed a smallscale IP (Induced Polarity) orientation survey. The positive correlation between the survey response and known mineralisation indicates that this method is well suited to identifying further copper mineralisation in the area.

Beadell Project

The Beadell Project is located 400-450 kilometres east of Newman, via the Tallawanna Track, in the central north of Western Australia. The project area extends to within 5 km of the junction of the Tallawanna Track and the Canning Stock Route.

ASX Announcement

The regional geology consists of extensive late Tertiary to recent sand cover that largely obscures a basement of folded and metamorphosed Lower to Mid Proterozoic strata, which include schists, gneisses, iron formations, cherts, carbonate beds and basic volcanics, variably intruded by ultramafic to granitic igneous rocks.

Work undertaken by Cauldron, including airborne and ground based geophysics identified two coincident electromagnetic (EM) and gravity anomalies within E45/2405.

The dimensions of the larger target are in the order of 2,200m long, over 300m wide and have an interpreted upper surface at 120m, whilst the southern "bulls eye" anomaly has dimensions in the order of 500m x 300m with an interpreted depth to its upper surface of approximately 200m. These targets have the potential to be poly-metallic sulphide bodies.

In late 2010 Cauldron completed the first reconnaissance RC program, drilling six holes for 1,702m and identifying widespread copper, lead and zinc mineralisation. Drilling also identified a graben like structure bounded by faults on either edge. The mineral assemblages and alterations identified in the drilling are what would be expected in a classic VMS type deposit. The Cauldron drilling only targeted the southern anomaly and did not intersect massive sulphides, indicating the EM targets remain to be fully tested.

ENDS

For further information visit rumbleresources.com.au or contact enquiries@rumbleresources.com.au.

Andrew McBain Managing Director

Rumble Resources Limited Ph: (08) 9388 8041

About Rumble Resources Limited

Rumble Resources Limited is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad. Rumble has the right to earn substantial equity interest in three Western Australian projects: Paulsens South, Bulong and Forrestania.

Competent Persons Statement

The information in this announcement that relates to Rumble Resources Limited's Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Terry Topping who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Topping is a Consultant to Rumble Resources Limited. Mr Topping has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration. Mr Topping is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Topping consents to the inclusion in the announcement of the matters based on the information in the form and context in which it appears.