RUMBLE RESOURCES LIMITED — Capital/Financing Update 2020

Mar 4, 2020

5[th] March 2020

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Drilling Commenced at Munarra Gully Project Targeting High-Grade Cu-Au Mineralisation

Rumble Resources Ltd

Amaryllis Cu-Au Prospect

• In February 2020 Rumble defined a large-scale Cu-Au system over 7km in strike at the Amaryllis Prospect

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

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• Copper-gold mineralisation is associated with mafic sills that are over 50m in width and significant historic primary Cu-Au sulphide drill intersections including:

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rumbleresources.com.au

• MHD045 – 74m @ 0.41% Cu, 0.29 g/t Au from 139m to EOH inc. 5m @ 1.71% Cu, 0.82 g/t Au, 21.2 g/t Ag from 139m

• Historic downhole EM of four diamond core drill holes has defined a broad flat to shallow dipping conductor plate with the following characteristics:

  • The flat lying conductor is over 1km in strike and open

  • The conductor is interpreted to be the higher-grade Cu-Au supergene sulphide zone located above the underlying primary Cu-Au sulphide zone, which did not conduct

  • The interpreted higher-grade Cu-Au supergene sulphide zone has never been previously drill tested

RC Drilling Commenced

• RC drilling has commenced to test the interpreted higher-grade Cu-Au supergene mineralisation and the underlying Cu-Au primary sulphide zone at the Amaryllis Cu-Au Prospect

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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

Mr Steven Wood Company Secretary

Mr Mark Carder Exploration Manager

Image 1 – RC drill rig operating at the Munarra Gully Project

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Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that RC drilling has commenced at the Munarra Gully Project, located some 50km NNE of the town of Cue within the Murchison Goldfields of Western Australia and comprising an area of 205km².

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Image 2 – Location of the Munarra Gully Cu-Au-Co Project – Murchison Goldfields, Western Australia

Amaryllis Cu-Au Prospect

On 11 February 2020 Rumble announced the discovery of a large-scale Cu-Au mineralised system over 7km in strike, associated with mafic sills which are over 50m in width and with significant historic primary Cu-Au sulphide drill intercepts, including :

• Wide zones of lower grade Cu-Au mineralisation (i.e. 74m @ 0.41% Cu, 0.29 g/t Au from 139m to EOH

• Higher grade zones include 5m @ 1.7% Cu, 0.82 g/t Au, 21.2g/t Ag from 139m .

Historic downhole EM of four diamond core drill holes defined a broad flat to shallow dipping conductor plate :

• The flat lying conductor is over 1km in strike ( open due to limited surveyed drill holes

• The conductor is inferred to be the higher-grade Cu-Au supergene sulphide zone located above the underlying primary Cu-Au sulphide zone, which did not conduct

• The inferred higher-grade Cu-Au supergene sulphide zone has never been previously drill tested

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Image 3 – Copper in Basement Geochemistry, Conductor Plate and Location of Longitudinal Section

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Image 4 – Amaryllis Cu-Au Prospect – Longitudinal Section 616540E (position in Image 3)

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Amaryllis Cu-Au Prospect Exploration Model

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The mineralisation is inferred to be magmatic Cu-Au (and Ag) and associated with mafic intrusions.

The primary Cu-Au zone has low conductivity and magnetic susceptibility, not detectable by geophysics.

A historic downhole EM survey defined a flat lying conductor over 1km in strike (and open) at a depth of approximately 80m, located above the significant widths of primary Cu-Au mineralisation which did not conduct. Rumble has interpreted the conductor represents the higher-grade Cu-Au secondary sulphide zone associated with supergene enrichment (supergene zone) located above the Cu-Au primary sulphide zone.

Supergene sulphide zones are typically much higher grade than underlying primary sulphide zones.

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– Image 3 Exploration Model for Amaryllis Cu-Au Prospect

RC Drilling Commenced at Amaryllis Cu-Au Prospect

• RC Drilling has commenced testing the interpreted higher-grade Cu-Au supergene mineralisation and the underlying Cu-Au Primary sulphide zones at the Amaryllis Cu-Au Prospect

Target

• Multiple large-scale disseminated/stringer/massive sulphide Cu-Au-Ag magmatic deposits hosted in strike extensive mafic intrusions

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Authorised for release by: Shane Sikora Managing Director

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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 mineral exploration 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.

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