RUMBLE RESOURCES LIMITED — Capital/Financing Update 2017

Oct 29, 2017

30[th] October 2017

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Drilling of High Grade Zinc, Copper and Lead Targets at Braeside to Commence Mid November

Stage 4 Exploration - Ground TEM Survey at E45/2032

• Ground TEM surveys have commenced over the VTEM conductors identified at Stage 2 and high-grade base metal mineralisation targets generated at Stage 3

Stage 5 Exploration - Drilling at E45/2032

• Drill test conductive plates and high-grade base metal mineralisation, which represent first order VMS targets, to commence mid-November 2017

Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased provide an update on the first modern systematic exploration program at the Braeside Project (E45/2032), located in the Pilbara region of Western Australia, which hosts many historic high-grade base metal small-scale mines that produced lead, zinc and silver up until 1959.

Stage 4 Exploration - Ground TEM Survey at E45/2032

A high-powered ground TEM survey has commenced at the Braeside Project, and is being completed by Khumsup Pty Ltd. The ground TEM survey is following up first order VTEM conductors and areas of high-grade base metal mineralisation identified in the first 3 stages of exploration, targeting accumulations of massive sulphides.

Note: This current TEM program is only surveying a small portion of the targets identified. Rumble has put in place plans to access these other identified targets after this current program, to generate further high order drill targets in early 2018.

The aims of the TEM survey are to:

Rumble Resources Ltd

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Executives & Management

Mr Shane Sikora Managing Director

Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Steven Wood Company Secretary

• Further delineate significant VTEM bedrock conductors identified;

• Target additional bedrock conductors in identified areas of high-grade base metal mineralisation that may have been missed by the VTEM survey, as the VTEM program was spaced at 400 metres; and

• Optimise drill targeting to provide best chance to test bedrock conductors for economic concentrations of high grade base metals.

Please refer to Rumble’s ASX announcements dated 16 October 2017 for further details in respect of the numerous High-Grade Zn – Pb – Cu – Ag - Au – V targets identified at the Braeside Project.

Stage 5 Exploration – Drilling First Order Base Metal Targets

The Company has received the Programme of Work (POW) approvals from the Department of Mines to complete the upcoming drill program.

Rumble has scheduled the native title survey for next week, and commissioned the earthworks company to prepare the drill pads required for the upcoming drilling.

The Company has scheduled the drilling contractor to commence the Stage 5 drill testing of the first order VMS targets in mid November 2017.

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Image 1 – Braeside Location and Geology Map with Latest Prospects

Systematic Exploration Process of High Grade Zn – Pb – Cu – Ag - Au – V at the Braeside Project (E45-2032)

The Braeside Project E45-2032 consists of multiple high-grade zinc, lead, copper and silver deposits and occurrences associated with north to northwest trending fault fracture zones within mafic volcanics and volcaniclastics over a strike of at least 60 km. The poly-metallic mineralisation has not been tested by detailed geophysics, geochemistry and very limited drilling with only 10 known historic drill holes in 1928 and 1951.

High grade grab sampling assays have returned up to 29.31% Zn, 79% Pb, 17.48% Cu, 325 g/t Ag,13 g/t Au

and V 1.03% along 30km of strike within a potential 60km strike system.

Rumble’s exploration program is the first modern systematic exploration program being undertaken at the Braeside High Grade Zinc – Lead Project.

Recent litho-geochemistry completed by Rumble suggests the mineralisation is associated with sub volcanic rhyolitic porphyry (Koongaling Felsic Volcanics) indicating potential for a VMS system capable of hosting a large base metal deposit.

Rumble’s technical team lead by Technical Director Mr Brett Keillor is systematically exploring the Braeside Project generating first order VMS feeder pipe targets using proven, modern exploration techniques.

Rumble is fully funded to complete all stages of exploration including the stage 5 drill testing.

Stage		Exploration Activity	Progress
Stage	1	Regional soil geochemistry (multi-element) to coverBraeside Project Area	100% Completed
Stage	2	Fly Airborne VTEM	100% Completed
Stage	3	Infill geochemistry over metal trends and conductors	100 % Completed
		generated by VTEM in Stage 2 to help rank key drill
		targets
Stage	4	Ground TEM surveys over the identified VTEM	Commenced
		conductors and high-grade base metal mineralisation
Stage	5	Drill test conductive plates and high-grade base metalmineralisation	Rumble has scheduled with the drilling contractor tocommence the stage 5 drill testing of the first order
			VMS targets by mid November 2017.

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Shane Sikora Managing Director

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For further information visit or contact 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.

Forward Looking and Cautionary Statement

The information in this report that relates to exploration results from work completed by Rumble.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Brett Keillor, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Keillor is an employee of Rumble Resources Limited. Mr Keillor 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 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Keillor consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.