RUMBLE RESOURCES LIMITED — Capital/Financing Update 2018

Aug 8, 2018

`

9[th] August 2018

Option Agreement to Acquire

Ni–Cu–Co–PGM-Au Projects, Sudbury, Canada

Highlights

Long Lake Project - Gold-Copper-Nickel-PGM, Sudbury, Canada

• Potential for nickel-copper-PGM mineralisation and deposits associated with Sudbury Basin style Offset Dyke ore systems.

• Project area lies some 10km southwest of the Kelly Lake Ni-Cu-PGM deposit (10.5Mt @ 1.77% Ni, 1.34% Cu, 3.6 g/t PGM reserve) which lies at the southern end of the major Copper Cliff Mine Sequence (Copper Cliff Offset Dyke).

• Fieldwork (including a single shallow diamond drill-hole) has highlighted Sudbury Breccia and quartz diorite ( known host for Sudbury Basin deposits ) occurrences over several km of strike. The occurrence is inferred to be the faulted southern extension of the Copper Cliff Offset Dyke .

• No deep penetrating ground TEM surveys have been conducted to test for Ni – Cu – PGM massive sulphide mineralisation .

• The Long Lake Project also hosts the historic Lake Gold Mine which produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939, with an average recovered mill grade of 9 g/t Au .

Panache Project - Cobalt-Nickel-Copper–Gold–PGM, Greater Sudbury, Canada

• Potential mineralised feeder dykes associated with layered gabbroic intrusions (Nipissing Age – not related to the Sudbury basin) have been identified by mapping and surface geochemistry. No ground TEM has been completed .

• Rock chip assays of up to 1.1% Co, 6.01% Cu, 1.47%, Ni, 3.5 g/t Pgm and 524 g/t Au collected from surface sampling .

Rumble Resources Ltd

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

T +61 8 6555 3980 F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Shane Sikora Managing Director

Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Rumble Exploration Strategy

• Long Lake Project – Target blind Sudbury “Offset Dyke” style massive Ni – Cu – PGM type deposits by using high power ground TEM to generate potential conductors

Mr Steven Wood Company Secretary

• Panache Project – Target high order base metal with PGM surface anomalism inferred to be potential feeders to gabbroic intrusions using high power ground TEM to generate potential conductors

• Conduct diamond drilling to test conductors that may represent massive Ni-Cu-PGM sulphide mineralisation/deposit.

Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that in line with its clear strategy to proactively generate a pipeline of quality high grade base and precious metal projects, critically review them against stringent criteria, provide optionality to complete low cost systematic exploration to drill test for high grade world class discoveries on multiple projects, it has signed a binding option agreement to acquire up to 100% of the Long Lake and Panache Projects from well-known local (Sudbury) prospector, Gordon Salo.

Rumble is at an exciting stage for shareholders, having recently drilled the Munarra Gully high grade Cu-Au Project (awaiting assays) and the Nemesis high grade Au project (awaiting assays), is scheduled to drill the flagship high grade Braeside Zn-Pb-Cu-Ag -V Project in August and the Earaheedy High Grade Zn Project in September, and is fully funded with $3.8m cash in the bank.

The Long Lake and Panache Projects have met the stringent criteria and will provide shareholders with another near-term opportunity to find a world class base and precious metal deposit.

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Image 1 – Location of Long Lake and Panache Projects

Overview of Sudbury Mining Camp, Ontario Canada – Image 2

Since 1883, the Sudbury mining field has been globally significant with the Sudbury Basin the second-largest supplier of nickel ore in the world, and new discoveries continuing to be made. It is one of the most productive nickel-mining fields in the world with over 1.7 billion tonnes of past production, reserves and resources .

Nickel-copper and platinum group metals (“PGM”) bearing sulphide minerals occur in a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex (“SIC”). The current model infers the SIC was formed some 1,844 million years ago after sheet-like flash/impact melting of nickel and copper bearing rocks by a meteorite impact. The SIC is within a basin like structure (Sudbury Basin) which had been covered by later sediments and has subsequently been eroded to the current level. Mineralization occurs within the SIC as well as in the neighbouring country rocks in close association with breccias and so-called ‘ Offset Dykes’ . Offset Dykes with metamorphosed (hot) Sudbury breccias have become the target of progressively more intense exploration interest in recent years following the discovery of blind economic deposits. Offset dykes are typically quartz-diorite in composition and extend both radially away from and concentric to the SIC. It is important to note that the Offset Dykes developed downwards from the impact melt sheet. Melt material migrated down into the fractures caused by the impact below the SIC. The melt carried metal sulphides that accumulated into deposits within the Offset Dykes by gravity and pressure gradients (impact rebound). Nearly half of the nickel ore at Sudbury occurs in breccias and Offset Dykes in the footwall rocks of the SIC.

The Copper Cliff Offset Dyke System (Images 2 - 4)

The Copper Cliff South (producing) and the Copper Cliff North mine have yielded some 200 million tonnes of ore along the north-south trending offset dyke system . Vale Limited’s Clarabelle mill, Copper Cliff smelter and Copper Cliff nickel refinery are all located close to the Copper Cliff Offset dyke.

The southernmost deposit discovered to date is at Kelly Lake which lies south of the Copper Cliff South mine (see image 2 and 4). The Kelly Lake reserve is 10.5 Mt @ 1.77% Ni, 1.34% Cu and 3.6 g/t PGM. Note that IGO’s Nova – Bollinger Deposit which lies in the Albany Fraser Province of Western Australia has a reserve of 13.3 Mt @ 2.06% Ni and 0.83% Cu (2017).

The Long Lake Project (see images 2 and 4) lies some 10km southwest of the Kelly Lake deposit .

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Image 2 – The location of the Long Lake and Panache Projects and the Deposit Types of the Sudbury Basin.

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Image 3. Offset Dyke Deposit Examples of the Sudbury Basin

Examples of Offset Dyke Deposits

Very significant high value deposits occur as clusters along Offset Dykes and are often blind. The Kelly Lake Deposit was found below a smaller near surface deposit by downhole TEM (discovery announced in 1997). The Kelly Lake Deposit was defined in 2006.

The Totten Deposit, which is a similar size to the Kelly Lake Deposit, lies within the Worthington Offset Dyke and was discovered in 1999 by Inco.

More recently, the deep Victoria Deposit (over 1km deep) which also lies within the Worthington Offset Dyke , was defined by Quadra FNX in 2012. The Victoria Deposit has a reserve of 14.5Mt @ 2.5% Ni, 2.5% Cu and 7.6 g/t PGM .

Both the Totten and Kelly Lake Deposits lie between 7 and 9km into the footwall rocks (horizontally from the SIC contact) indicating mineralisation can develop significant distances away from the SIC subject to synimpact deformation (width), reactivated earlier deformation, litho-geochemistry of melts and impact/rebound pressure gradients.

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Long Lake Project

The Long Lake Project comprises of the historic Long Lake Au mine and over four km of Sudbury breccia/quartz diorite outcrops which are interpreted to be part of the prospective “Copper Cliff Offset Dyke” system that has been moved west by later regional faults. The area of tenure is approximately 19 km².

Nickel – Copper – PGM Potential

Exploration by previous explorers (including the current owner – Gordon Salo) has highlighted the occurrence of north-south and northwest striking Sudbury Breccia style dykes with quartz diorite. Petrography and a single shallow diamond drill-hole (82m depth - 2011) has confirmed the presence of moderately metamorphosed Sudbury Breccia with elevated PGM (relative to the surrounding rocks) at a location called Anomaly 19 (see image 4). The location is coincident with a moderate VTEM conductor. Reconnaissance prospecting and petrography has confirmed the presence of numerous quartz diorite north trending dykes over 4km in strike.

Electromagnetic surveys have been limited to VLF (1987) and VTEM (2008). Technical review of both surveys suggests the likely depth penetration for these systems is shallow at approximately 100m. Given there is a moderate VTEM conductor at Anomaly 19 (not explained), the use of high power ground TEM will be Rumbles priority in generating deeper conductive targets.

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Image 4. Location of the Long Lake Project - Highlighting the Copper Cliff Offset Dyke and the Inferred Sudbury Breccia Dyke within the Long Lake Project.

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Gold Potential

• The Long Lake Gold Mine produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939. The average recovered mill grade was 9 g/t Au .

• Long Lake historically was the largest gold mine in Ontario

• Mine tailing dumps (200,000 tonnes) remain on site

• The Long Lake gold deposit is a quartz – sulphide composite vein pipelike system hosted in quartzite with dolerite/gabbroic intrusions. The mineralisation was truncated by a low angle fault. Drilling in 1936 encountered high grade ore in unexploited areas beneath the fault which included intersections of 6m @ 13.8g/t Au with further drilling in 1970s intersecting 5.7m grading 27.5g/t Au & 1980s drill hole intersecting: 4.1m grading 14.8g/t Au .

• Exploration from 2010 to 2012 focused on interpreted fault extensions and EM targets generated by a VTEM survey (2008). A number of targets were tested. The best intercept was 35m @ 2 g/t Au from 27m, which was located only 15m from the historic open cut.

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Image 5 – The Long Lake Gold Mine historically was the largest gold mine in Ontario

Panache Project

The Panache Project (approximately 30km² in area) is located 40km southwest of the city of Sudbury, Ontario, Canada. The project hosts a large portion of the Panache gabbro intrusion which is part of the regional extensive Nipissing Gabbro Suite (2215 million years old). Prospecting operations by the project owner, Gordon Salo, has uncovered a series of prospects associated with disseminated to massive sulphides (pyrrhotite – pentlandite – chalcopyrite - pyrite) along gabbro contact margins. Massive sulphide pipes have also been discovered along fault corridors intercepting gabbro. High grade gold mineralisation (at surface) has been associated with gabbro/metasediment contact zones (tectonic). Refer table 3 for detail on historical rock chip results.

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Area A (image 6)

Prospecting activities have exposed a set of massive sulphide pipes in metasediments . The gabbro intrusion appears to be truncated by a regionally extensive southwest trending fault corridor. Rock chip results include up to:

• 6.01% Cu , 1.47% Ni , 1.6 g/t PGM and 0.49% Co

Area B (image 6)

Trenching with grab sampling has highlighted strong base metal mineralisation with PGM’s along the basal zone to a gabbro intrusion. Wide widths of gossan have been exposed (10m in width). Grab sampling has returned up to:

• 1.61% Cu, 0.49% Ni, 1.1% Co , 1.64 g/t Au, 1.64 g/t Pt and 1.58 g/t Pd.

Area C (image 6)

Grab sampling and petrography has identified a 2.5km zone of strong base metal and precious metal anomalism associated with an inferred gabbroic feeder. Grab sampling has returned up to:

• 0.59% Cu, 0.16% Ni, 524.3 g/t Au , 0.45% Co, 0.64 g/t Pt, 1.18 g/t Pd.

The grab sampling results are considered very significant as the average disseminated sulphide percentage for the gabbroic rock chips was approximately 5% indicating the sulphide is well endowed with base and precious metals .

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Image 6: Panache Project Regional Geology and Target Area Location

During 2006, airborne TEM (AeroTEM) was conducted in Area C on 100m line spacing. Numerous conductors correlating with the inferred feeder dyke trend and associated anomalous geochemistry were identified and a IP survey was planned, however, it was not completed. In general, the three zones of interest have not had ground TEM or subsequent drilling.

Rumble Exploration Strategy

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Rumble considers both the Long Lake and Panache projects as very prospective for high grade Ni – Cu deposits

No deep penetrating ground TEM has been conducted over the main targets of interest which include:

Long Lake Project

• North-south and northwest trending Sudbury breccia/quartz diorite outcrops which have been interpreted as “offset dykes”.

Panache Project

• All three target areas strong Ni – Cu – PGM geochemistry with supporting petrography .

Next Steps

• Rumble plans to conduct a deep penetrating ground TEM survey over these targets with the aim of generating high order conductors for subsequent diamond drill testing .

Key Commercial Terms of the Long Lake and Panache Binding Option Agreements

Rumble has signed an option agreement and agreed to enter a joint venture agreement to acquire 100% of the title and interest in the Long Lake and Panache Projects from the vendor Gordon Salo on the below terms:

Long Lake Project – 100%

• a. Rumble to pay Cad$20,000 Cash and 200,000 RTR ordinary shares on exercising the option agreement.

• b. Rumble to spend a minimum of Cad$50,000 in expenditure in first 12 months.

• c. Rumble to make payment of Cad$20,000 Cash and 200,000 RTR ordinary shares before the 12 month period ends.

• d. Rumble will need to spend a minimum of Cad$50,000 in expenditure in the second 12 month period.

• e. Rumble to make payment of Cad$30,000 Cash and 300,000 RTR ordinary shares before the 24 month period ends.

• f. Rumble will need to spend a minimum of Cad$50,000 in expenditure in the third 12 month period.

• g. Rumble to make final payment of Cad$70,000 Cash and 2,000,000 RTR ordinary shares before the 36 month period ends, to earn 100%.

• h. Gordon Salo is free carried to decision to mine.

• i. Following a decision to mine, Rumble will pay a 3% NSR to Gordon Salo. Rumble can secure 1% NSR buy back for cash payment of Cad$1,500,000 to Gordon Salo. Rumble can secure a further 1% NSR buyback for Cad$1,500,000 to Gordon Salo.

Panache Project – 100%

• a. Rumble to pay Cad$20,000 Cash and 200,000 RTR ordinary shares on exercising the option agreement. b. Rumble will also need to spend a minimum of Cad$50,000 in expenditure in first 12 months.

• c. Rumble to make payment of Cad$20,000 Cash and 200,000 RTR ordinary shares before the 12 month period ends.

• d. Rumble will need to spend a minimum of Cad$50,000 in expenditure in the second 12 month period.

• e. Rumble to make payment of Cad$30,000 Cash and 300,000 RTR ordinary shares before the 24 month period ends.

• f. Rumble will need to spend a minimum of Cad$50,000 in expenditure in the third 12 month period.

• g. Rumble to make final payment of Cad$70,000 Cash and 2,000,000 RTR ordinary shares before the 36 month period ends to earn 100%.

• h. Gordon Salo is free carried to decision to mine.

• i. Following a decision to mine, Rumble will pay a 3% NSR to Gordon Salo. Rumble can secure 1%NSR buy back

• for cash payment of Cad$1,500,000 to Gordon Salo. Rumble can secure a further 1% NSR buyback for Cad$1,500,000 to Gordon Salo.

Upon completing minimum expenditure for each period, Rumble can walk away from the Agreements at any time without further obligation.

• ENDS –

Significant Diamond Drilling Results – Historic Core Re-Sampling – Long Lake Project

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Table 1. Re-sampling of Historic Core – incomplete survey record

Sunrise Resources PLC Intercepts 2010	Sunrise Resources PLC Intercepts 2010	Sunrise Resources PLC Intercepts 2010
Hole ID	E	N	From	To	Width(m)	Grade Aug/t
10LD001	488495	5127995	7.94	12.59	4.65	2
10LD003	488441	5127950	27.04	62.47	35.43	2
inc			27.04	44.09	17.05	2.9
inc			27.04	29.31	2.27	16.1
10LD004	488508	5127893	121.88	123.28	1.4	1.9

Table 2. Table of Intercepts - Sunrise Resources PLC on 13[th] September 2011 (AIM on the London Stock Exchange under the symbol "SRES"). Note Co-ords are UTM NAD83.

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Table 3. Selection of Grab samples – Panache Project (compiled on behalf of Owner Gordon Salo)

TABLE 4. 2010 Samples, Locations, and Assays

TABLE 4. 2010 Samples, Locations, and Assays	TABLE 4. 2010 Samples, Locations, and Assays	TABLE 4. 2010 Samples, Locations, and Assays	TABLE 4. 2010 Samples, Locations, and Assays	TABLE 4. 2010 Samples, Locations, and Assays
Sample	**Easting **	Northing	Area	Hand Specimen Description	Cu ppm	**NI ppm **	**Pt ppm **	Pd ppm	Au ppm
GS-10-01	463484	5120430	Area "A"	crushed and altd subx matrix, gabbroic,common mtsd fragments	81	56	0.01	0	0
GS-10-02	463503	5120392	Area "A"	nipissingclast in subx as above	64	72	0.01	0	0
GS-10-03	463508	5120411	Area "A"	subx in Nipissing,crushed and altered	115	86	0.01	0.01	0
GS-10-04	463535	5120407	Area "A"	fg“quartz” diabase,mg plagioclasephenocrysts	53	86	<0.005	0	<0.005
GS-10-05	463903	5119767	Area "A"	masu w 10%qtz vein,95% Po,5% Py,rare Cp,Pn?	1770	5300	0.01	0.05	0.01
GS-10-06	463944	5119738	Area "A"	masu Po,5% marcasite,2% Py,5% Cp,rare Pn?	11000	1445	0.01	0.06	0.24
GS-10-07	463944	5119738	Area "A"	masu,95% Po,4% Py,rare Cp,Pn?	7060	6790	<0.005	0.08	0.01
GS-10-08	463914	5119785	Area "A"	mgbiotite-amphibolitegabbro	146	62	<0.005	<0.005	<0.005
GS-10-09	466372	5118860	Area "B"	fg-mgfeldspathic orthopyroxenite,2% Cp,1% Po,1% Py/arseno	3130	1265	1.19	1.29	0.4
GS-10-10	466393	5118878	Area "B"	porphyritic biot/amphgabbro hornfels,3% Po,trace Cp,Pn?	162	292	0.01	0.01	0.01
GS-10-11	466441	5118704	Area "B"	fgbiotitic aplite? 2% Cp,2% Po,2% Py	2570	249	0.01	0.02	0.02
GS-10-12	466490	5118675	Area "B"	fgbiotite-amphibole-quartz schist,4% Cp,2% Po/Py	5450	685	<0.005	0.02	0.06
GS-10-13	466523	5118550	Area "B"	vfg-fgaplite,mgfloodquartz,fg-mg plagioclase	115	336	0.03	0.02	0.01
GS-10-14	466531	5118736	Area "B"	mgcrushed amphiboliticgabbro,7% Cp,3% Po in veinlets	16100	275	0.02	0.04	1.64
GS-10-15	466516	5118761	Area "B"	mg-cgaltered(cpx-amph), gabbro,2% Cp,2% Po	4780	369	0.14	0.29	0.15
GS-10-16	466566	5118714	Area "B"	mgaltered norite-gabbro,2% Cp,1% Po	13400	4110	1.42	1.58	0.49
GS-10-17	466723	5118736	Area "B"	fg-mgbiotite-muscovite(fuchsite)aplite	79	22	0.02	0.01	0
GS-10-18	466758	5118932	Area "B"	vfg-fgmetaargillite with mg quartzgrains,7% fine Po	46	57	<0.005	0	0
GS-10-19	466804	5118762	Area "B"	fgmuscovite-quartz-feldspar schist with small mtsd clasts	70	34	<0.005	<0.001	<0.001
GS-10-20	466687	5118402	Area "B"	40%quartz vein,60% sulphide,57% Po,3% Cpin veinlets	5520	5560	<0.005	0	0.01
GS-10-21	471295	5118932	Area "C"	70% mg quartz-biotite vein,30% arsenopyrite,minor Pyinquartz	79	427	<0.005	0	5.63
GS-10-22	471324	5118870	Area "C"	mg quartz-biotite-muscovite vein with 3% arseno/marcasite	15	74	<0.005	<0.001	0.31
GS-10-23	472420	5119623	Area "C"	mgaltd 2pxgabbro with 8% Cp,6% Po,1% Pn,rare arseno	1710	719	0.15	0.27	0.12
GS-10-24	473099	5120255	Area "C"	mg granophyricgabbro	52	88	0.02	0.05	0.01

Table 4. Panache Project – Grab Samples and Descriptions (Co-ords NAD83)

About Rumble Resources Ltd

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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 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.

Section 1 Sampling Techniques and Data

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Criteria	JORC Code explanation		Commentary
Sampling	• Nature and quality of sampling (e.g. cut channels,	•	Historic surface sampling conducted
techniques	random chips, or specific specialised industry		on the Panache Project were a
	standard measurement tools appropriate to the		combination of cut channels (by
	minerals under investigation, such as down hole		diamond saw), random rock chips
	gamma sondes, or handheld XRF instruments, etc.).		and in some cases sub-crop
	These examples should not be taken as limiting the		representative of the area of
	broad meaning of sampling.		interest.
	• Include reference to measures taken to ensure	•	Grab and channel samples have
	sample representivity and the appropriate calibration		been collated – Table included.
	of any measurement tools or systems used.	•	A range of elements and values are
	• Aspects of the determination of mineralisation that are		presented. The style of
	Material to the Public Report.		mineralisation is multi-commodity
	• In cases where ‘industry standard’ work has been		with copper, nickel, platinum and
	done this would be relatively simple (e.g. ‘reverse		palladium closely associated. Cobalt
	circulation drilling was used to obtain 1 m samples		and gold may or may not have a
	from which 3 kg was pulverised to produce a 30 g		close association with the above
	charge for fire assay’). In other cases more		elements subject to later
	explanation may be required, such as where there is		overprinting hydrothermal activity.
	coarse gold that has inherent sampling problems.	•	As the sampling is historic, the
	Unusual commodities or mineralisation types (e.g.		weight/volume of the sample is not
	submarine nodules) may warrant disclosure of		known.
	detailed information.
Drilling	• Drill type (e.g. core, reverse circulation, open-hole	•	All historic drill intercepts are
techniques	hammer, rotary air blast, auger, Bangka, sonic, etc.)		diamond drilling as discussed with
	and details (e.g. core diameter, triple or standard		the Long Lake Project. The core
	tube, depth of diamond tails, face-sampling bit or		diameter is equivalent to NQ. No
	other type, whether core is oriented and if so, by what		drilling core was sighted or
	method, etc.)..		inspected.
Drill sample	• Method of recording and assessing core and chip	•	Reports reviewed were for drilling
recovery	sample recoveries and results assessed.		conducted by Sunrise Resources
	• Measures taken to maximise sample recovery and		PLC (2010,2011). Local consultant
	ensure representative nature of the samples.		Caracle Creek International
	• Whether a relationship exists between sample		Consulting completed the work as
	recovery and grade and whether sample bias may		per Canadian compliance. All
	have occurred due to preferential loss/gain of		certificates provided. No reports
	fine/coarse material.		were available for earlier drilling.
Logging	• Whether core and chip samples have been	•	Reports reviewed were for drilling
	geologically and geotechnically logged to a level of		conducted by Sunrise Resources
	detail to support appropriate Mineral Resource		PLC (2010,2011). Local consultant
	estimation, mining studies and metallurgical studies.		Caracle Creek International
	• Whether logging is qualitative or quantitative in		Consulting completed the work as
	nature. Core (or costean, channel, etc.) photography.		per Canadian compliance. All
	• The total length and percentage of the relevant		certificates provided. No reports
	intersections logged.		were available for earlier drilling.
Sub-	• If core, whether cut or sawn and whether quarter, half	•	Reports reviewed were for drilling
sampling	or all core taken.		conducted by Sunrise Resources
techniques	• If non-core, whether riffled, tube sampled, rotary split,		PLC (2010,2011). Local consultant
and sample	etc. and whether sampled wet or dry.		Caracle Creek International
preparation	• For all sample types, the nature, quality and		Consulting completed the work as
	appropriateness of the sample preparation technique.		per Canadian compliance. All
	• Quality control procedures adopted for all sub-		certificates provided. No reports
	sampling stages to maximise representivity of		were available for earlier drilling.
	samples.
	• Measures taken to ensure that the sampling is
	representative of the in situ material collected,
	including for instance results for field
	duplicate/second-half sampling.
	• Whether sample sizes are appropriate to the grain

Criteria			JORC Code explanation		Commentary
		•
		•	size of the material being sampled.
Quality	of	•	The nature, quality and appropriateness of the	•	Reports reviewed were for drilling
assay data			assaying and laboratory procedures used and		conducted by Sunrise Resources
and			whether the technique is considered partial or total.		PLC (2010,2011). Local consultant
laboratory		•	For geophysical tools, spectrometers, handheld XRF		Caracle Creek International
tests			instruments, etc., the parameters used in determining		Consulting completed the work as
			the analysis including instrument make and model,		per Canadian compliance. All
			reading times, calibrations factors applied and their		certificates provided. No reports
			derivation, etc.		were available for earlier drilling.
		•	Nature of quality control procedures adopted (e.g.	•	Assaying of core (2010,2011) from
			standards, blanks, duplicates, external laboratory		Long Lake Project was for precious
			checks) and whether acceptable levels of accuracy		metals – FA with ICP-OES finish.
			(i.e. lack of bias) and precision have been	•	Assaying for some grab samples
			established.		from the Panache project was by
					four acid digest with ICP-AES finish.
Verification		•	The verification of significant intersections by either
of sampling			independent or alternative company personnel.	•	Reports reviewed were for drilling
and		•	The use of twinned holes.		conducted by Sunrise Resources
assaying		•	Documentation of primary data, data entry		PLC (2010,2011). Local consultant
			procedures, data verification, data storage (physical		Caracle Creek International
			and electronic) protocols.		Consulting completed the work as
		•	Discuss any adjustment to assay data.		per Canadian compliance. All
					certificates provided. No reports
					were available for earlier drilling.
Location	of	•	Accuracy and quality of surveys used to locate drill	•	Grad and channel sampling was located
data points			holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.		by hand held GPS using NAD 27 and NAD 83 datums. Later drill hole collars used NAD 83 with hand held GPS.
		•	Specification of the grid system used.
		•	Quality and adequacy of topographic control.
Data		•	Data spacing for reporting of Exploration Results.
spacing and distribution		•	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	•	Drilling was predominantly reconnaissance, testing inferred targets. No resource drilling was completed.
		•	Whether sample compositing has been applied.
Orientation		•	Whether the orientation of sampling achieves	•	Reports reviewed were for drilling
of data	in		unbiased sampling of possible structures and the		conducted by Sunrise Resources
relation	to		extent to which this is known, considering the deposit		PLC (2010,2011). Local consultant
geological			type.		Caracle Creek International
structure		•	If the relationship between the drilling orientation and		Consulting completed the work as
			the orientation of key mineralised structures is		per Canadian compliance. All
			considered to have introduced a sampling bias, this		certificates provided. No reports
			should be assessed and reported if material.		were available for earlier drilling.
				.

Commentary

Criteria			JORC Code explanation		Commentary
Sample		•	The measures taken to ensure sample security.	•	Not known
security
Audits	or	•	The results of any audits or reviews of sampling	•	Not known
reviews			techniques and data.

Section 2 Reporting of Exploration Results

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Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral		•	Type, reference name/number, location and	•	The Long Lake Project comprises 80
tenement and land tenure status		•	ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of		blocks (new Ontario cell system) for an area of approximately of 19km². The blocks are solely owned by Gordon Salo, Whitefish, Ontario. The Panache Project comprises of 151 blocks (new Ontario cell system) for and area of approximately 30km². The blocks are
			reporting along with any known impediments to		solely owned by Gordon Salo,
			obtaining a licence to operate in the area.		Whitefish, Ontario.
				•	Both projects are solely owned by
					Gordon Salo. Rumble has a JV
					agreement to acquire the projects
					100%.
				•	The project(s) tenure is granted and are
					in good standing subject to the Ministry
					of Northern Development and Mines,
					Ontario, Canada.
Exploration		•	Acknowledgment and appraisal of exploration by	•	Previous exploration on the Long Lake
done by	other		other parties.		Project includes.
parties					o Up to 1982, some 45 diamond
					drill holes were completed on
					or nearby the Long Lake Gold
					Mine by: Dupont Canada
					Exploration (1982), Hartland
					Mines (1973), Lebel Oro Mines
					(1935-1939), Canada
					Exploration Company (1916)
					and the Long Lake Mine
					Company.
					o Recent exploration included 11
					diamond drill holes by Sunrise
					Resources (2010-2011).
					o Only one single diamond hole
					has tested the “offset Dyke”
					target (Sunrise Resources
					2011)
					o Owner, Gordon Salo has
					completed extensive grab
					sampling with petrographic
					studies over many years.
				•	Previous exploration on the Panache
					Project includes:
					o Grab sampling, prospect
					mapping and petrography by
					Pacific North West Capital
					Corp, Mustang Minerals Corp
					and Argosy Minerals Corp from
					2000 to 2006.
					o The owner, Gordon Salo has
					systematically trenched and
					sampled since 1987.
Geology		•	Deposit type, geological setting and style of	•	For the Long Lake Project, the deposit
			mineralisation.		style (targets) is massive Ni-Cu-PGM
					sulphides associated with inferred
					“offset Dykes”
				•	For the Panache Project, the deposit is
					disseminated to massive Ni-Cu-PGM
					sulphides associated with differentiation

Criteria		JORC Code explanation	Commentary
				and or contact upgrading of gabbroic
				sills and potential feeder zones.
Drill	hole	• A summary of all information material to the	•	Refer to Table for diamond drill hole
Information		understanding of the exploration results including a		results (Long Lake Gold Mine)
		tabulation of the following information for all
		Material drill holes:
		o easting and northing of the drill hole collar
		o elevation or RL (Reduced Level – elevation
		above sea level in metres) of the drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception depth
		o hole length.
		• If the exclusion of this information is justified on the
		basis that the information is not Material and this
		exclusion does not detract from the understanding
		of the report, the Competent Person should clearly
		explain why this is the case.
Data		• In reporting Exploration Results, weighting	•	Drilling was exploratory only.
aggregation		averaging techniques, maximum and/or minimum
methods		grade truncations (e.g. cutting of high grades) and
		cut-off grades are usually Material and should be
		stated.
		• Where aggregate intercepts incorporate short
		lengths of high grade results and longer lengths of
		low grade results, the procedure used for such
		aggregation should be stated and some typical
		examples of such aggregations should be shown in
		detail.
		• The assumptions used for any reporting of metal
		equivalent values should be clearly stated.
Relationship		• These relationships are particularly important in the	•	No detailed assessment was reviewed
between mineralisation widths and intercept lengths		reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are		from historic reports as exploration was not resource drilling. Exploration drilling was targeting perceived/inferred extensions to the Long Lake Gold Mine. Outside the mine area, exploration drilling focused on trends and inferred
		reported, there should be a clear statement to this		EM conductor targets.
		effect (e.g. ‘down hole length, true width not
		known’).
Diagrams		• Appropriate maps and sections (with scales) and	•	Image 1 – Location of Long Lake and
		tabulations of intercepts should be included for any		Panache Projects.
		significant discovery being reported These should include, but not be limited to a plan view of drill hole	•	Image 2 - The location of the Long Lake and Panache Projects and the Deposit
		collar locations and appropriate sectional views.		Types of the Sudbury Basin.
			•	Image 3 - Offset Dyke Deposit
				Examples of the Sudbury Basin.
			•	Image 4 - Location of the Long Lake
				Project - Highlighting the Copper Cliff
				Offset Dyke and the Inferred Sudbury
				Breccia Dyke within the Long Lake
				Project.
			•	Image 5 - The Long Lake Gold Mine
				historically was the largest gold mine in
				Ontario.
			•	Image 6 - Panache Project Regional
				Geology and Target Area Location

Criteria	JORC Code explanation	Commentary
Balanced	• Where comprehensive reporting of all Exploration	•	Table of grab sampling results for
reporting	Results is not practicable, representative reporting of both low and high grades and/or widths should		Panache were compiled by owner and therefore only results available.
	be practiced to avoid misleading reporting of
	Exploration Results.
Other	• Other exploration data, if meaningful and material,	•	Airborne	Geophysics include;
substantive exploration data	should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples –		o	Long Lake Project – VTEM and Aeromagnetic Survey completed by Geotech 2008.
	size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.		o	Panache Project – Small portion only – AeroTEM survey 2006.
Further work	• The nature and scale of planned further work (e.g.	•	Due diligence is on-going including the
	tests for lateral extensions or depth extensions or		availability of high power Ground TEM
	large-scale step-out drilling).		systems.
	• Diagrams clearly highlighting the areas of possible	•	Targeting in progress.
	extensions, including the main geological
	interpretations and future drilling areas, provided
	this information is not commercially sensitive.