RUMBLE RESOURCES LIMITED — Capital/Financing Update 2015

Apr 12, 2015

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Nathan Tinkler Appointed Corporate Advisor, Capital Raising Oversubscribed

Key points:

• A$1.68 million raised via heavily oversubscribed Placement

• Asian small mid-cap investors, family office funds and key global investors participate in Placement

• Nathan Tinkler appointed as strategic corporate advisor

• Mr Tinkler to be remunerated entirely on performance-based options at milestones significantly greater than current share price

• Rumble holds one of the largest landholdings in the Fraser Range and is now fully-funded for aggressive exploration campaign

Rumble Resources Ltd (ASX: RTR ) (“ Rumble ” or the “ Company ”) is pleased to announce that it has successfully completed a 4 times oversubscribed placement to primarily Asian based small cap funds and family offices. Rumble raised a total of A$1.68 million by the issue of 37,500,000 fully paid ordinary shares at $0.045 per share (“ Placement” ) together with a 1 for 2 attaching listed option exercisable at $0.08 per share, on or before 30 June 2016.

CPS Capital (“CPS”) acted as lead manager to the Placement. CPS will be receiving 1.5 million options on the same terms as above subject to shareholder approval.

The Placement was undertaken within the Company’s existing capacity under ASX Listing Rules 7.1 and 7.1A. The options will be issued at an upcoming general meeting with its date to yet to be determined.

The capital raised will be used to fund an extensive exploration programme at Rumble’s prolific Fraser Range tenements, in particular the Big Red and Zanthus Projects, as well as provide general working capital.

In addition the Company is pleased to announce the appointment of highly experienced resource sector executive Mr Nathan Tinkler as a strategic corporate advisor to the Company.

Strategic Corporate Adviser – Nathan Tinkler

The appointment of Mr Tinkler to this strategic position is a key milestone for the Company as he brings with him a wealth of resource development experience, significant financing expertise and an extensive global network and large following from around the world.

Mr Tinkler is a highly regarded resource investor known for his entrepreneurial success in investing in coal assets in Queensland and NSW. He formed his own mine machinery maintenance business before identifying the Middlemount coal mine in central Queensland. He has also been a significant contributor to the development of Whitehaven Coal through the merger with Aston Resources.

Rumble Resources Ltd.

ABN 22 102 912 783 Rumble Resources Ltd

Suite 9, 36 Ord Street, 35 Richardson Street West Perth, WA 6005 WEST PERTH WA 6005 T +61 8 6555 3980 PO Box 1916 F +61 8 6555 3981 West Perth WA 6872

rumbleresources.com.au

ASX : CXU ASX RTR

88.7 M ordinary shares Executives & Management

13.2 M unlisted options Mr Shane Sikora CEO Market Cap

$27.5 million (@31c) Mr Terry Topping Executive Director

Mr Matthew Banks Board of Directors Non-executive Director

Tony Sage Mr Michael Smith Executive Chairman Non-executive Director

Brett Smith

Mr Andrew McBain Executive Director Non-executive Director Qiu Derong

Mr Bruno Seneque Non-executive Director Company Secretary Kent Hunter

Non-executive Director Stephen Brockhurst Company Secretary

"His track record of creating significant shareholder value in both private and public companies, in addition to his experience in large-scale financial raisings, will be of great benefit to Rumble shareholders," said Rumble CEO Shane Sikora.

Under the agreement with Rumble, Mr Tinkler’s group will be paid in performance-based options and is strongly incentivised to grow the value of the Company significantly. The Company has agreed to pay Mr Tinkler in performance-based options which will be awarded as per below:

• ** 7 million 8c Options

• ** 10 million 15c Options

• ** 10 million 25c Options

Mr Sikora added that he was pleased to have someone with Mr Tinkler’s profile and connections working with the Company.

“Nathan has been reviewing assets globally for a long period of time, looking for the right investment.

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"That Nathan has decided to join the Rumble team in a corporate advisory role is great news for the Company and certainly validates our belief in the quality of our assets that we have in the Fraser Range.

“The value creation that will come from Nathan’s involvement will be transformational for Rumble as he is incentivised to grow the value of Rumble substantially, and will no doubt attract further global investment in the Company through his deep network across Asia

“The Board welcomes Nathan’s return to the resources sector by joining Rumble and we look forward to his strategic advice going forward.

Commenting on his appointment, Mr Tinkler said : “The Fraser Range is one of the most favourable exploration destinations in the world, with only small companies still present in the region leveraged to exploration upside.

“Rumble represents one of the best opportunities in the area and ticks all the boxes; quality management committed to building long term shareholder value, several prospective projects and a major footprint in the region.

“The Fraser Range area is analogous with Canada’s Thomson Nickel Belt which hosts the Voisey Bay deposit compared to the Canadian areas, Western Australia’s Fraser Range is in its relative infancy, with only Sirius’s Nova-Bollinger deposit found so far. I believe this could well be a world class nickel province in the making.

“I am very much looking forward to working with Shane and the Board and management at Rumble Resources. They are an experienced and dedicated team and there is significant value to be built at Rumble’s Fraser Range projects – in particular the Big Red and Zanthus projects – going forward.”

Fraser Range Projects

Rumble has one of the largest foot prints in the Fraser Range with over 3200 sq km’s of ground. Rumble is focused on two main projects in the Fraser Range:

• The Zanthus Project, 20km East of Sirius Resources Ltd’s Nova-Bollinger discovery, and the Big Red Project, 450km East of Kalgoorlie. Both projects are highly prospective for major nickel sulphide discoveries. Rumble has a joint venture agreement with Blackham Resources Ltd (ASX:BLK).

There has been a slight delay on the heritage survey for the scheduled Zanthus drilling program due to the wet conditions. This has been rescheduled for this week.

The planned high impact drilling at Zanthus will consist of five RC drill holes for 1200 metres to target 5 bedrock conductors which may represent magmatic massive Nickel Sulphides. Three of the five conductors are of high conductance and are first order Fraser Range drill targets. They are located in and around an “eye” intrusive feature interpreted as an elliptical magnetic rimmed intrusive body some 2km in length and up to 1km wide and of similar size to the Nova “eye” feature.

• The Big Red Project is prospective for both massive nickel and copper sulphides, with the recent maiden drill program intersecting pentlandite (nickel) and chalcopyrite (copper) in Fraser Range Gabbro. Two very high conductance off hole conductors up to 8000 siemens in close proximity have since been defined and prioritised as first order drill targets. Technical preparation is now under way to determine the next phase of drilling in 2015 following the Zanthus drilling.

For further information, please visit: www.rumbleresources.com.au

-ENDS-

For further information, please contact:

Shane Sikora Chief Executive Officer Rumble Resources T: +61 8 6555 3983

David Tasker Professional Public Relations T: +61 8 9388 0944 E: david.tasker@ppr.com.au