RUMBLE RESOURCES LIMITED — Capital/Financing Update 2013

May 20, 2013

21 May 2013

Dear shareholder,

NON-RENOUNCEABLE ENTITLEMENT OFFER

On 14 May 2013 Rumble Resources Limited (Company) announced to ASX Limited (ASX) that it will be offering eligible shareholders the opportunity to acquire fully paid ordinary shares in the capital of the Company (Shares) via a pro-rata non-renounceable entitlement offer on the basis of 1 Share for every 2 Shares held by shareholders at 5.00pm (WST) on 28 May 2013 together with 1 free attaching option for every 2 new Shares issued (Options), at an issue price of 4.5 cents per Share (Entitlement Offer).

The maximum number of Shares which will be issued under the Entitlement Offer is 24,107,052 Shares to raise up to $1,084,817. The maximum number of Options which will be issued under the Entitlement Offer is 12,053,526. The Options are free attaching options exercisable at 8 cents on or before 30 June 2015. The Company will apply for quotation of the Options.

The Company also announced on 14 May 2013 that it was raising approximately $0.26 million through a placement to professional and sophisticated investors of 5,860,100 Shares at 4.5 cents per Share, together with 1 free attaching Option exercisable at 8 cents on or before 30 June 2015 for every 2 new Shares subscribed for (Placement). Shareholder approval will be sought for the issue of the free-attaching Options under the Placement at a General Meeting of the Company to be held on 17 June 2013. The issue of Shares under the Placement was completed on 20 May 2013

A prospectus relating to the Entitlement Offer and also to the issue of Options to investors in the Placement and to brokers of the Entitlement Offer and Placement (Prospectus) has been lodged with ASX and is available on ASX's website at www.asx.com.au and the Company's website at www.rumbleresources.com.au. The Prospectus will be dispatched to shareholders on 31 May 2013. The Prospectus outlines the Entitlement Offer in detail.

Indicative Timetable

The indicative timetable* for the Entitlement Offer is as follows:

Indicative Timetable	Date
Announcement of Entitlement Offer	14 May 2013
Lodgement of Appendix 3B and Prospectus with ASX	17 May 2013
Notice of Entitlement Offer sent to Shareholders	21 May 2013
Shares quoted on an "EX" basis	22 May 2013
Record date for determining Entitlements	28 May 2013
Prospectus and Entitlement and Acceptance Form despatched toEligible Shareholders	31 May 2013
Shareholder meeting to approve issue of Options to PlacementShareholders	17 June 2013
Closing Date of Entitlement Offer**	17 June 2013
Shares quoted on a deferred settlement basis	18 June 2013
Notification of Shortfall	20 June 2013
Anticipated date for issue of the Securities and despatch of holderstatements	25 June 2013
Anticipated date for commencement of Securities trading	26 June 2013

* These dates are indicative only

** Subject to the Listing Rules, the Directors reserve the right to extend the Closing Date for the Entitlement Offer at their discretion. Should this occur, the extension will have a consequential effect on the anticipated date of issue for Shares subscribed for under the Entitlement Offer.

Use of Funds

The funds raised pursuant to the Entitlement Offer will be used primarily for exploration and drilling activities at Rumble's Derosa Project in Burkina Faso, and for working capital purposes. Drilling at the Derosa Project is expected to commence in mid-June 2013, with results expected in early July 2013.

Overseas Shareholders

The offer made under the Prospectus and any accompanying form does not, and is not intended to, constitute an offer of securities in any place or jurisdiction in which, or to any person to whom, it would not be lawful to make such an offer or to issue the Prospectus or the Shares and Options under the Entitlement Offer. The distribution of the Prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of the Prospectus should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws

Should you have any queries in relation to this matter, please do not hesitate to contact the Company on +61 8 6555 3980.

Yours sincerely

David Palumbo Company Secretary