RUMBLE RESOURCES LIMITED — Capital/Financing Update 2017

Oct 4, 2017

5 October 2017

Pebble conglomerates of the Lower Fortescue Group identified within the Braeside Project

Highlights

• Desktop review of the Braeside Project has identified significant areas of the Lower Fortescue Group (Hardey Formation) which is highly prospective for conglomerate hosted gold.
• The review has identified pebble conglomerates associated with the Warroo Hill Member of the Fortescue Group Hardey Formation.
• The targeted stratigraphy is considered similar to Witwatersrand-style conglomerates that host gold mineralisation that are associated with the recent gold discoveries by Novo Resources (TSX-V: NVO) at its joint venture project with Artemis Resources (ASX: ARV) in the western Pilbara region.
• Rumble is already active on the Braeside Project focussed on fast tracking the first modern systematic exploration program for high grade Zn–Pb–Ag-Cu deposits within E45/2032, with drilling expected by the end of 2017.

Rumble Resources Ltd (ASX: RTR) ("Rumble" or "the Company") is pleased to advise that an initial desktop review of the wider Braeside Project area, which hosts over 1000 Square kilometres in the Fortescue geology group of the Pilbara region of Western Australia, has confirmed prospectivity for Witwatersrand-style conglomerate-hosted gold mineralisation in geological units similar to the recent gold discoveries by Novo Resources (TSX-V: NVO) at its joint venture project with Artemis Resources (ASX: ARV) in the western Pilbara region.

The desktop study has identified 30km of strike potential of pebble conglomerates that are associated with the Warroo Hill Member of the Hardey Formation (Lower Fortescue Group). The Hardey Formation consists of the Koongaling Felsic Volcanics with metasedimentary units which include the Warroo Hill Member (thickness of 1000m). The Warroo Hill Member consists of metamorphosed quartzite, micaeous quartzite, pebble conglomerate and siltstone.

Image 1. Location of Rumbles Braeside pebble conglomerate occurrences.

Rumble Resources Ltd

Suite 9, 36 Ord Street, West Perth, WA 6005

WEST PERTH WA 6005 T +61 8 6555 3980

PO Box 1916 F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

13.2 M unlisted options Mr Shane Sikora Managing Director

Market Cap $27.5 million (@31c) Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Tony Sage Mr Michael Smith Non-executive Director

Brett Smith Mr Steven Wood Company Secretary

Within the Braeside Project, the Warroo Hill Member occurs in two areas along the eastern boundary (cumulative strike of around 30km) – See Image 1. The area is not well exposed and is subject to eolian cover. These eastern license applications have recently passed through the period for objections under the Mining Act and as such are now subject to the statutory Native Title notification and negotiation period.

Gold has historically been mined within conglomerates associated with the Hardey Formation and the basal unit to the Mt Roe Basalt at several locations in the Pilbara region, including Marble Bar.

In the east Pilbara where Rumble's licences are located, gold-bearing conglomerates were first recognised and mined 130 years ago in the Beatons Creek area (See Image 2) and form part of the Hardey Formation in the lower Fortescue Group. The Beatons Creek project is owned by Novo Resources in joint venture with Sumitomo Corporation and is currently undergoing feasibility studies for development.

No recorded detailed exploration for gold has been recorded at the identified pebble conglomerates within the Braeside Project. Rumble will continue to review all open file and historical exploration records and plan the next stages of exploration.

The Company remains committed to its primary high-grade Zn-Pb-Ag-Cu E45/2032 tenement at the Braeside Project, with drilling expected by the end of 2017. Given the high level of interest in exploration for gold in conglomerates in the Pilbara region, Rumbles considers it prudent to thoroughly evaluate the conglomerate gold potential of the Braeside Project.

Image 2. Location of the Braeside Project and the Lower Fortescue Group in the Pilbara region of Western Australia

Rumble's Managing Director, Mr Shane Sikora, said: "As a result of market sentiment, approaches by shareholders and third parties regarding the potential for conglomerate hosted gold at the Braeside Project located in the Pilbara, Rumble decided to fast track a geological review of the wider Braeside Project area.

The technical review confirmed 30km's of pebble conglomerates associated with the Fortescue Group Hardey Formation, which are considered similar to the Witwatersrand-style conglomerate-hosted gold mineralisation geological units recently discovered by Novo Resources (TSX-V: NVO).

With Rumble recently securing the involvement of mining major Independence Group NL (ASX: IGO) to explore and earn an interest in its highly prospective projects in the Fraser Range region of WA, Rumble can commit more of its exploration expenditure to the exciting Braeside Project in the Pilbara.

Rumble is focussed on conducting the first modern systematic exploration program at the high grade Zn-Pb-Ag-Cu Braeside Project (E45/2032) with drilling expected by the end of 2017, and will advance the exploration strategy for any conglomerate hosted gold within the Braeside Project in conjunction with this highly anticipated drill program.

The Braeside Project presents our shareholders with a unique proposition, whereby they have significant exposure to both potential base metal and conglomerate gold discoveries."

The High Grade Zinc Lead Braeside Project – E45/2032

Rumble is conducting the first modern systematic exploration program at the Braeside Project – E45/2032, which hosts many historic high grade base metal small-scale mines associated with altered geological structures that produced lead, zinc and silver up until 1959. Historical high grade grab sampling assays previously returned up to 18.9% Zn, 79% Pb, 11.64% Cu, 325 g/t Ag and 13 g/t Au (as per ASX announcement dated 20 March 2017) with numerous high grade untested Zn, Pb and Cu prospects throughout the entire 30km of strike at the Braeside Project E45/2032.

Recent litho-geochemistry completed by Rumble suggests the mineralisation is associated with sub volcanic rhyolitic porphyry (Koongaling Felsic Volcanics) indicating potential for a Porphyry/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 fast tracking exploration as per the five key stages of exploration for the Braeside Project, which commenced 29 May 2017 and are outlined below:

Stage	Exploration Activity	Status
Stage 1	Regional soil geochemistry (multi-element) to cover BraesideProject Area	Completed
Stage 2	Fly Airborne VTEM	Completed
Stage 3	Infill geochemistry over metal trends and conductors generatedby VTEM in Stage 2 to help rank key drill targets	Commenced
Stage 4	Ground TEM surveys over the highest ranked conductors (drilltargets) to further delineate drill targets	Commencing shortly
Stage 5	Drill test conductive plates in order of ranking	Planning commenced

The Company has previously reported that the first two stages of exploration have been successful in delivering significant exploration results, please refer ASX announcement dated 4 September 2017 for further detail.

The broad spaced regional soil sampling program has identified significant zinc, lead and copper metal trends throughout the entire 30km of strike at the E45/2032 Braeside Project, which are importantly coincident with key geological structures and historic high grade base metal rock chip samples. Historically, mineralised trends with high grade rock chips samples located within key geological structures have proven to be key path finders in discovering major base metal deposits – see image 3 over page.

The VTEM survey has highlighted a multitude of conductors and importantly many are associated with the identified regional base metal trends, historic high grade base metal rock chip sampling and key geological structures. Based on the earlier lithogeochemistry work competed by Rumble which identified the Porphyry/VMS polymetallic potential of the Braeside Project, the newly defined conductors may represent first order polymetallic targets for the Company – see image 4 over page.

Rumble will continue to fast track the systematic staged exploration at the Braeside Project E45/2032 with the aim of providing its shareholders with the best chance of making a large base metal discovery. The Company is currently focussed on refining key porphyry related polymetallic drill targets by completing the stage 3 infill soils along the base metal trends and conductors identified by the first two stages of exploration. Upon completing stage 3, the Company will assess the conductors, geological structures, regional metals trends and historic high grade base metal rock chips throughout the Braeside Project to identify and rank key exploration targets for the stage 4 ground EM program.

Rumble is fully funded to complete all stages of exploration and the Company expects to complete the stage 5 drill testing of the first order VMS targets identified prior to the end of 2017.

Image 3 – Stage 1 - Zinc Geochemistry over Structures – E45/2032 Image 4 – Stage 2 Late Time (Maxwell) Conductors over Geology

and Structures – E45/2032

Shane Sikora Managing Director

- ENDS -

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 the occurrence of pebble conglomerates was obtained from GSWA (Geological Survey of Western Australia) geological mapping and explanatory notes of the Braeside (1998) and Isabella (1998) 100k sheet series. Rumble has not completed the historical data review and/or the verification process relating the prospectivity of the pebble conglomerates. As sufficient work has not yet been done to verify the historical exploration results, investors are cautioned against placing undue reliance on them. Information regarding exploration completed by Rumble Resources relates to announcements available on the ASX website (ASX code : RTR).

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.