RUMBLE RESOURCES LIMITED — Capital/Financing Update 2013

Jul 4, 2013

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5[th] July 2013

Rumble Enters Option Agreement to Acquire the Fraser Range Nickel Copper Project

• The Fraser Range Project is located in the emerging Nickel province which hosts the recently discovered Nova Nickel Copper Massive Sulphide Discovery by Sirius Resources NL (SIR).

• The option agreement provides Rumble with a strategic opportunity to assess a prospective nickel/copper target in the underexplored and highly prospective Fraser Range province.

• Previous exploration by Teck Australia Pty Ltd intersected metagabbro rock units which age dating by GSWA indicate a similar age to the Nova Discovery rock units.

• A sub-circular gravity high is a priority target for an airborne EM survey

Rumble Resources Ltd (“Rumble”, ASX:RTR) is pleased to announce that the Company has acquired an option to purchase the Fraser Range Project located within the highly prospective Fraser Complex of the Albany-Fraser Tectonic Zone.

Previous drilling on the Fraser Range Project consisted of 2 diamond drill holes completed by Teck Australia Pty Ltd (Teck) between 2007 and 2010 focussing on Cu-Au (IOCG style) mineralisation. The two diamond drill holes targeted a sub circular gravity anomaly and a magnetic anomaly (Figure 2). The exploration failed to identify IOCG style mineralisation and the project was relinquished. Of significance is that the exploration was completed prior to the recently discovered Nova Nickel Copper Massive Sulphide discovery by Sirius Resources NL.

Teck completed interpretation of the diamond drilling including geochemistry, petrographic studies and age dating of the various rock units. In reviewing this data, Rumble’s technical team has identified that the previous exploration intersected metagabbro rock units which also host the Nova Nickel Copper discovery.

Of importance is that the age dating of the rocks by the Geological Survey of WA (GSWA) suggests the metagabbro rock units at the Fraser Range Project are of a similar age to the Nova Discovery rock units.

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Figure 1: Fraser Range Project location magnetics as background.

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Rumble Resources Ltd
Suite 5, 26 Railway Road
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SUBIACO WA 6008
T +61 8 6555 3980
F +61 8 6555 3981
rumbleresources.com.au
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ASX RTR
Board of Directors
Mr Andrew McBain
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Managing Director
Mr Terry Topping
Executive Director
Mr Michael Smith
Non-executive Director
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Mr Matthew Banks
Non-executive Director
Mr David Palumbo
Company Secretary
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Next Steps

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Data supplied by the vendors has also included detailed airborne magnetics, two ground gravity surveys and regional geochemistry which will continue to be interpreted by the Rumble technical team.

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The Rumble technical team has noted the second core hole drilled by Teck failed to intersect the source of the gravity high anomaly and this will be a high priority target for further exploration which will include airborne and ground EM surveys, which are proven to be very effective at identifying massive sulphide bodies.

The Fraser Range is fast becoming the world’s most exciting Nickel province with current exploration activity by Buxton Resources Limited, Sheffield Resources Ltd, Boadicea Resources Ltd, Enterprise Metals Limited, Matsa Resources Ltd and of course Sirius Resources NL all at different phases of exploration and development.

Managing Director Comment

The Managing Director of Rumble, Mr Andrew McBain, said “the Fraser Range Project will provide Rumble shareholders with exposure to exploration in what is fast becoming the world’s most exciting emerging Nickel province. The previous drilling by Teck targeted IOCG mineralisation which was not intersected and was completed prior to the recent Nova Discovery. The Rumble technical team has since identified that the previous exploration intersected metagabbro rock units which also host the Nova Nickel Copper discovery. Of importance is the Age dating by GSWA which suggests the metagabbro rock units at the Fraser Range Project are a similar age to the Nova Discovery rock units, indicating the intrusions could have happened at the same time”.

“Rumble will put together a cost effective work program focused on identifying Nickel and Copper mineralisation of similar style to the Nova discovery, which will initially include a low-cost airborne EM survey, which has proven to be very effective at identifying massive sulphide bodies”.

Figure 2: Detailed view of Fraser Range Project with gravity target, Teck drill holes on airborne magnetic background.

Key Terms of the Option Agreement

Option Terms

Rumble has paid $15,000 for a 6 month option to purchase the Fraser Range Project. Rumble may acquire the Fraser Range Project 100% by paying the Purchase Price prior to the expiration of the option period

Within this 6 month period Rumble may undertake any form of exploration on the Fraser Range Project during the option period.

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Purchase Price

• A. The Purchase Price shall be $30,000 in cash and $70,000 in listed shares with one free attaching option for each listed share.

• B. The value of the listed shares shall be based on the 30 day volume weighted average price in the 30 days prior to Rumble electing to pay the Purchase Price.

• C. The options under (a) above are to be issued with no less than a 3 year exercise period and at an exercise price equal

• to the 30 day volume weighted average price in the 30 days prior to Rumble electing to pay the Purchase Price.

• D. On successfully completing the payment of cash and shares Rumble will own the tenement 100%.

Success Payments

The vendor of the Fraser Range Project shall have the right to receive the following conditional payments:

• A. On the commencement of drilling on the Fraser Range Project Rumble shall within 28 days affect payment of $50,000 worth of listed shares in Rumble;

• B. On the announcement of mineralisation equal to or in excess of 10m width with an average grade of 1.5 grams per tonne gold equivalent value, Rumble shall within 28 days, affect payment of $100,000 worth of listed shares in Rumble; and

• C. On the announcement of an Inferred Resource with an in-ground value of at least $500,000,000, Rumble shall within 28 days affect payment of $500,000 worth of listed shares.

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For further information visit www.rumbleresources.com.au or email enquiries@rumbleresources.com.au

About Rumble Resources Ltd

Rumble Resources Ltd 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.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he 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 report of the matters based on his information in the form and context in which it appears.