RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2012

Jan 30, 2013

December 2012 Quarterly Activities Report

Highlights

• Beadell Project drill program has confirmed that the EM target is a large mineralised system
• Large zones of sulphide mineralisation identified (up to 80m thick)
• Core is being cut and assayed results pending (due in early February)
• Widespread artisanal mining activity discovered at the Derosa Project in Burkina Faso
• Exploration at Derosa to be fast tracked in Q1 2013

Rumble Resources Ltd ("Rumble" or "the Company") is pleased to provide an update of the Company's activities. Rumble currently has six project areas in Western Australia and one in Burkina Faso, West Africa.

Currently Rumble's activities are focussed on the Beadell Project, an exciting base metal project in the Paterson Province of WA, the Paulsens South Project, an excellent location in an emerging gold province in WA as well as the Derosa Project, which is a highly prospective and previously unexplored greenstone belt in Burkina Faso, West Africa.

Primary Exploration Activities

Beadell Project, Western Australia (RTR 80%, CXU 20%)

The Beadell Project is located 450km east of Newman in the Paterson Orogen of central north Western Australia. The Paterson Orogen is host to significant mineral deposits including the Telfer Gold Mine, Nifty Copper Mine and the Kintyre Uranium Deposit.

Rumble Resources Ltd

Suite 5, 26 Railway Road SUBIACO WA 6008

T +61 8 6555 3980

F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

42M Ordinary shares

19.2M Listed Options

14.7M Unlisted Options

Board of Directors

Mr Andrew McBain Managing Director

Mr Terry Topping Executive Director

Mr Michael Smith Non-executive Director

Mr Matthew Banks Non-executive Director

Mr David Palumbo Company Secretary

During the quarter the Company has completed 6 diamond core holes (5 at the Maxwell prospect and 1 at the Ninety Nine prospect), extending the intended program of 3,000m to 3,416m. All five holes at the Maxwell prospect intersected extensive semi-massive sulphide mineralisation, which confirms that the electromagnetic (EM) conductors are indicative of mineralisation. Rumble received $150,000 of funding under the WA State Government's Exploration Incentive Scheme to assist with drill testing of the EM targets identified by the EM surveys.

The widths of the intersections ranged from 50m to 80m in every hole, with 5% to 35% sulphides present. A total of 235m of sulphide mineralisation has been intersected of the 996m of diamond drilling at the Maxwell prospect. The dominant visual sulphide minerals are pyrrhotite with pyrite (iron) and chalcopyrite (copper) present. The core is currently in Perth with three holes logged, cut, sampled and dispatched for analysis, with the remaining holes are expected to be dispatched for analysis in early February.

The drill program has confirmed that the EM target is a large, tabular, high sulphide mineralised system. The drilling has only targeted the upper portion (200m vertical depth) of the larger EM conductive plate which was identified by a moving loop ground EM survey completed in July 2012. This survey indicated that the conductive body extends to at least a 500m vertical depth.

Figure 2: Maxwell Prospect Cross Section

Hole Number	Easting	Northing	Dip	Azimuth	Depth	Main sulphide zone	width	EM plate
BDRCD008	468932	7469531	-60	140	201.7	118m to 170m	52m	4
BDRCD009	468889	7469580	-60	90	314.2	185m to 265m	80m	5
BDRCD011	468841	7469630	-60	140	336.8	181m to 231m	50m	3
BDRCD018	468857	7469422	-60	140	276.7	97m to 177m	80m	1
BDRCD019	468779	7469563	-60	140	365.3	238m to 289m	51m	6

Table 1: Diamond Drilling

One diamond hole was completed at the dipole target area (known as the Ninety Nine Prospect) 900m to the east of the drilling at the Maxwell Prospect. This hole was drilled to 333m and intersected a large alteration system. The upper portion of the hole was of metasedimentary rocks and BIF units to 64m. From 64m to 145m the metasediments were carbonateepidote-magnetite altered. The most extensive alteration was from 145m to the end of the hole at 333m.

Figure 3: Maxwell and Ninety-Nine Prospects on the Beadell Project

This area is located within a fold hinge and is possibly an instrusive rock that is has dominant hematite-K-feldsparcarbonate alteration. There is quartz veining throughout and minor faulting in places. The dominant sulphides are pyrite between 145 to 310m and increasing pyrite replacing biotite bands from 310 to 333m and minor magnetite reappearing. This large alteration system significantly increases the prospectivity of the area. The large IP target remains to be tested and the presence of sulphide minerals within the alteration zone is encouraging. This hole has also been sent to Perth for detailed logging, cutting and analysis.

Assay results from this drill program are currently pending and due to be available in early February.

Derosa Project, Burkina Faso, West Africa (RTR earning 75%, CAY 25%)

Rumble recently announced that a major artisanal site has been established on the Bompela Permit, Burkina Faso. The Bompela Permit forms part of Rumble's Derosa Project (a joint venture with Canyon Resources Ltd ASX: CAY). The joint venture consists of 6 contiguous tenements covering an area of over 1,300km² in a highly prospective

region within proximity to a number of very significant West African gold projects.

Rumble commenced exploration on the Derosa Project with initial mapping programs and a comprehensive geophysical and geological interpretation of the licence areas completed. Rumble has also evaluated Burkina Faso's infrastructure, stability and local mining laws and believes that Burkina Faso represents a highly attractive region for gold exploration.

During this work, significant artisanal workings were discovered at the Bompela Permit covering an area approximately 400m long by 200m wide. Bompela is the furthest North West permit of the Derosa Project and covers a landholding of approximately 250km².

Figure 4: Bompela Artisanal mining site

Following the discovery, Rumble engaged SEMS Exploration ("SEMS") a leading mineral exploration and mining consultancy company in West Africa, to undertake a range of preliminary work, including:

• Field mapping and prospecting;
• Detailed geological mapping and sampling; and
• A regional reconnaissance over the permit area.

It is estimated that there are at least 4,000 artisanal miners working onsite with a village and a police camp recently established. The artisanal mining was triggered by the discovery of gold mineralisation on the side of a small laterite capped hill. The gold mineralisation occurs as a vein stockwork developed in a competent granodiorite and is typical of granitoid-hosted gold deposits.

The Bompela artisanal mining site is located in the central portion of the Bompela permit and covers an EW-trending area of approximately 400 m long and 200 m wide. On the basis of pit orientations there are two main trends NNE and NNW. Most of the veins are sub-vertical with some having been mined to a depth of 60 metres.

The initial exploration program has allowed Rumble to map the geology and structures within the regolith landscape that could be observed in the area surrounding the Bompela artisanal workings.

The mapping and rock sampling of the Bompela workings indicated the presence of structurally-controlled in situ vein-type gold mineralisation located within a strongly altered granodioritic pluton (see Figure 5).

Figure 5: Detailed mapping of quartz veining over Bompela artisanal mining site

SEMS collected 350 grab samples of pit dumps that were then sent to the laboratory for analysis.

The samples returned significant results including 28 samples >1g/t Au (see Table 2) and 34 samples ranging from 0.5 to 1.0 g/t Au with the highest being 16.2g/t. Over half of the samples returned a value of >0.1 g/t gold or 100ppb, which is an excellent result from this sampling program which was focussed on waste rock from the artisanal mining.

Permit ID	Easting	Northing	Au g/t	Permit ID	Easting	Northing	Au g/t
Bompela	529036	1457347	1.55	Bompela	529185	1457295	1.45
Bompela	529096	1457362	1.47	Bompela	529159	1457315	4.15
Bompela	529095	1457355	1.43	Bompela	529163	1457349	2.16
Bompela	529062	1457336	1.84	Bompela	529167	1457344	4.92
Bompela	529066	1457280	1.03	Bompela	529185	1457342	1.41
Bompela	529039	1457236	1.05	Bompela	529176	1457333	5.42
Bompela	529029	1457246	1.20	Bompela	529192	1457325	16.20
Bompela	529067	1457195	1.44	Bompela	529207	1457315	1.67
Bompela	529038	1457236	1.17	Bompela	529205	1457348	1.18
Bompela	529174	1457269	1.56	Bompela	529243	1457341	5.68
Bompela	529165	1457271	5.42	Bompela	529231	1457286	2.43
Bompela	529164	1457247	1.25	Bompela	529297	1457289	1.03
Bompela	529162	1457247	3.19	Bompela	529279	1457324	1.57
Bompela	529180	1457290	1.30	Bompela	529300	1457346	1.02

Table 2: Samples with grade of >1g/t Au

A program has commenced to complete:

• Detailed litho-structural and regolith mapping of the east, west, north and south areas of the Bompela site over a target area of 16km2 ;
• Rock chip sampling of outcrops (quartz veins, host rock, alteration/deformation rock panels) and ferricrete ridges and lags; and
• Planning of a RC drilling campaign to target the Bompela artisanal site and surrounding priority targets.

Figure 6: Derosa Project Tenement Map

Paulsens South Project, Western Australia (RTR earning 75%, VMS 25%)

The Paulsens South Project consists of five granted exploration licences and one exploration licence application covering 91km2 of the Archaean to Proterozoic-aged Wyloo Dome located 150km northwest of Paraburdoo in Western Australia.

The Paulsens Gold Mine which is operated by Northern Star Resources (ASX: NST) and contains a Measured, Indicated and Inferred Mineral Resource of 2,306,000t at 4.3 g/t for 318,000oz gold and produced 80,000oz of gold in 2011 at an average grade of 7.9 g/t occurs on the Melrose Fault Zone 12km along strike from Rumble's E47/1765 exploration licence.

The Company completed a first pass RC drilling program at Paulsens South with a total of 17 holes for 1,688 metres. This program tested targets on both the Melrose and Highway Fault Zones with four separate drill traverses completed; two at the Highway Fault Zone and one along each of the two dipole-dipole IP lines in the Melrose Fault Zone area. The drilling program tested a combination of geophysical, structural and geochemical targets that are considered prospective for Paulsens-style quartz-sulphide vein hosted gold mineralisation.

Drilling at the Highway Fault Zone intersected numerous quartz veins ranging in width from a few centimetres up to five metres. Veining at the Highway Fault Zone was hosted within variably sheared shale, basalt and dolerite. The western most drill traverse in the Melrose Fault Zone area intersected some quartz veins hosted within massive to strongly sheared basalt. The eastern most drill traverse in the Melrose Fault Zone area intersected gabbro and dolerite. A twelve metre wide fault zone containing pyrrhotite, a magnetic iron sulphide mineral, was intersected along this traverse line and explained the magnetic and chargeability anomaly that was being targeted.

Though intersecting significant widths of quartz veining at the Highway Fault Zone and sulphide mineralisation along the Melrose Fault Zone no significant gold mineralisation was intersected. Two holes returned base metal mineralisation with hole PSRC004 intersecting 4m @ 1470 ppm Zn & 500 ppm Pb from 84m and hole PSRC006 intersecting 4m @ 1260 ppm Cu from 20m.

Figure 7: Paulsens South Project Tenement Map

Rumble's first pass drilling program indicates that ground geophysics can identify zones of sulphide mineralisation in which gold mineralisation is hosted in this region. The drilling program only tested a small area of these major structural features with only 400m of the 8km Highway Fault Zone tested and only two traverses completed across the Melrose Fault Zone. These two target areas are in excess of 15km in length and Rumble intends to undertake further geophysical targeting in 2013 to identify high priority zones.

Hole ID	Easting	Northing	Dip/Azimuth	From	To	Intersection	Cu ppm	Pb ppm	Zn ppm
PSRC004	418823	7495719	-60/45	84	88	4m		500	1470
PSRC006	418029	7497418	-60/55	20	24	4m	1260

Table 3: Paulsens South Base Metal Intersections at highway fault zone (*4m composite samples, gold assayed by fire assay, multi-element assays by ICPAES)

Other Exploration Activities

Ashburton Project (includes Kooline & Boolaloo), Western Australia

The Ashburton Project covers areas of largely Proterozoic-aged rocks of the Ashburton and Bangemall Basins. The project is separated into two areas based on geographic location: Boolaloo and Kooline. The project is considered prospective for both gold and base metal mineralisation.

Kooline (RTR 100%), Western Australia

Exploration licence E08/2309 (Kooline) covering an area of 584km2 is located 50km west of Paraburdoo and was granted during the quarter.

The Kooline Project is mapped as containing Proterozoic rock units of the Ashburton Basin. Several gold prospects occur in the project area and geological mapping and airborne magnetic data indicate the presence of several northwest trending faults. No exploration was completed during the quarter.

Boolaloo (RTR 80%; CXU 20%), Western Australia

The Boolaloo Project forms part of the larger Ashburton Project and covers rocks of the Proterozoic Ashburton Basin and the Boolaloo granite which is the most northerly extent of the Gascoyne complex.

In 2007 Jackson completed 22 RC drill holes for 2,462 metres at the K15, K16 and Minga West prospects on tenement E08/1605. The drilling had the primary objective to test the depth extent of surface mineralisation and intersected significant copper and gold mineralisation. The program intersected significant copper and gold mineralisation with three intersections of greater than 3m at 1.0% Cu. MIRC002: 3m @ 1.06% Cu and 1.4 g/t gold; MIRC004: 4m @ 1.48% Cu and 0.89g/t Au from 95m; and MIRC009: 3m @ 1.06% Cu and 0.94g/t Au from 137m. All holes were drilled at -60° to the east. The Company completed reconnaissance mapping during the quarter.

Bulong Project, Western Australia

The Bulong Project is located 30km east of Kalgoorlie in Western Australia and is north of the old Bulong town site. On 23rd January the Company elected not to continue exploration on the Bulong Project and has agreed to relinquish the project to the vendor in return for 400,000 shares in Rumble.

Forrestania Project (RTR 51%, earning 75%), Western Australia

The Forrestania Project is located 80km east to north east of Hyden and 140km north of Ravensthorpe in Western Australia. The Project covers part of the Forrestania Greenstone Belt which forms part of the southern extension of the Southern Cross Greenstone Belt. The Company has acquired an initial 51% interest in the Project and can acquire a further 24% interest by the completion of a 1,000m RC drill program. There was no exploration activity in the quarter.

Canegrass Project (RTR 90%), Western Australia

The Canegrass project consists of one granted exploration license, E29/783, located 100km north of Kalgoorlie and covering over 100km2 of greenstone belt. The geology is dominated by a sequence of mafic and ultramafic rocks with minor felsic rocks and metasediments. This sequence has been intruded by fine grained felsic porphyry dykes and quartz veins.

The Canegrass project has favourable geology and structures to host significant gold mineralisation and is also prospective for nickel mineralisation. Exploration to date has focussed on mapping and soil/auger geochemistry. The limited soil geochemistry has outlined low levels of anomalous gold mineralisation; no follow up drilling has been completed. There was no exploration activity in the quarter.

Rumble further expanded the project area during the quarter with one new exploration licence application E29/864, which adjoins the current project to the North.

Figure 8: Canegrass Project Tenement Map

- ENDS -

For further information visit rumbleresources.com.au or contact enquiries@rumbleresources.com.au.

Andrew McBain Managing Director

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.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and 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 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Topping consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

Rumble Resources Limited

ABN	Quarter ended ("current quarter")
74 148 214 260	31 December 2012

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter$A'000	Year to date(6 months)$A'000
1.1	Receipts from product sales and related debtors	-	-
1.2	Payments for(a) exploration and evaluation(b) development(c) production	(975)--	(1,608)--
1.31.4	(d) administrationDividends receivedInterest and other items of a similar nature received	(244)-20	(523)-30
1.51.61.7	Interest and other costs of finance paidIncome taxes paidOther – exploration bond	---	---
	Net Operating Cash Flows	(1,199)	(2,101)
1.81.9	Cash flows related to investing activitiesPayment for purchases of:(a)prospects(b)equity investments(c)other fixed assetsProceeds from sale of:(a)prospects	-(120)(24)-	(264)(120)(37)-
1.101.111.12	(b)equity investments(c)other fixed assetsLoans to other entitiesLoans repaid by other entitiesOther - rental bond	-----	130--85-
	Net investing cash flows	(144)	(206)
1.13	Total operating and investing cash flows (carriedforward)	(1,343)	(2,307)

+ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (broughtforward)	(1,343)	(2,307)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	1,754	1,757
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other – proceeds for intended issue of securities	-	-
	return of proceeds	-	-
	proceeds for convertible note	-	-
1.20	Other – costs of share issues	(135)	(135)
	Net financing cash flows	1,619	1,622
	Net increase (decrease) in cash held	276	(685)
1.20	Cash at beginning of quarter/year to date	661	1,622
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	937	937

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	53
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions

1.23 includes director's fees and salaries for executive and non-executive directors

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	300
4.2	Development	-
4.3	Production	-
4.4	Administration	125
	Total	425

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.	Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	885	524
5.2	Deposits at call	52	137
5.3	Bank overdraft	-	-
5.4	Other – proceeds for intended issue of securities	-	-
	Total: cash at end of quarter (item 1.22)	937	661

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed	Nil
6.2	Interests in miningtenements acquired orincreased	Nil

+ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issuepriceper	Amount paid up per
				security (see note	security (see note 3)
				3) (cents)	(cents)
7.1	Preference+
	securities(description)
7.2	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buy
	backs,
	redemptions
7.3	+Ordinary	41,954,003	34,254,003
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues(b) Decreases	10,104,000	10,104,000
	through returns
	of capital, buy
	backs
	(c) Release from	-	-
	escrow
7.5	+Convertible
	debt securities
	(description)
7.6	Changes during
	quarter
	(a) Increases
	through issues(b) Decreases
	through
	securities
	matured,
	converted
7.7	Options			Exercise price	Expiry date
	(description and	6,600,000	-	25 cents	31 July 2014
	conversion	12,258,333	12,258,333	25 cents	31 July 2014
	factor)	6,926,996	6,926,996	35 cents	31 October 2015
		3,600,000	-	35 cents	31 October 2015
		4,500,000	-	45 cents	31 October 2015
7.8	Issued during	1,750,000	1,750,000	25 cents	31 July 2014
	quarter	6,926,9963,600,000	6,926,996-	35 cents35 cents	31 October 201531 October 2015
		4,500,000	-	45 cents	31 October 2015
7.9	Exercised during
	quarter
7.10	Expired during
	quarter
7.11	Debentures
	(totals only)

+ See chapter 19 for defined terms.

7.12 Unsecured notes (totals only)

Compliance statement

1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

2 This statement does give a true and fair view of the matters disclosed.

Sign here: Andrew McBain Date: 31 January 2013 (Managing Director)

Notes

1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*

4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

+ See chapter 19 for defined terms.