SUREFIRE RESOURCES NL — Interim / Quarterly Report 2011

Jul 28, 2011

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QUARTERLY ACTIVITIES REPORT – JUNE 2011.

Unaly Hill (E57/420), Western Australia –Vanadium- Magnetite-Titanium

The Company is preparing to initiate a drilling program which will give a definitive resource for the commercialization of the project to be quantified. On-site work is expected to be started shortly. Preliminary pit design and scoping study development opportunities are also under investigation.

Durminskoe gold and silver project, Far Eastern Russia

On 19 April 2011, the Company advised the market that a Heads of Agreement had been entered into to carry out due diligence on the Durminskoe gold and silver project located in Kharbarovski Krai in Far East Russia. The project has had substantial exploration and ‘technical’ assessment carried out to date, and environmental, hydrological and financial studies completed.

The Company is actively working to assess previous samples taken from the project.

Corporate

Executive Appointment

Post quarter, on 5 July 2011, the Company announced the appointment of Mr. Robert Molkenthin as Chief Operating Officer. This is the first executive appointment since the resignation of the Managing Director and CEO in February 2011.

Mr. Molkenthin has over 25 years’ experience in Australia and Internationally in a wide range of business environments at all levels in Corporate Finance and business operations and was, more recently, Chief Financial Officer and Commercial Manager at the engineering consultancy, Lycopodium Minerals Pty Limited, part of the ASX listed Lycopodium Limited group of companies. Previous experience encompasses capital raising, IPOs and corporate restructuring in the engineering, mining, property and retail sectors.

This appointment further consolidates the development of the Board’s strategy which will provide a dedicated resource in managing the Company’s existing portfolio of projects and provide greater focus on securing other opportunities.

Capital Raising

During the quarter the Company completed the non-renounceable entitlements issue of one (1) new share for every four (4) shares on issue at 1 cent per share and issued 150,894,590 new fully paid ordinary shares together with 150,894,590 free attaching listed options exercisable at 1.5 cents each on or before 31 December 2012 to raise $1,508,946 before costs of the issue.

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It is a term of the free attaching listed options that in the event they are exercised within the first four (4) months from grant ( Initial Period ), a new option will be issued for no further consideration. The new options will be exercisable at 1.8 cents each and expire on or about 18 months from expiry of the Initial Period.

Funds raised from the entitlement issue will be allocated to the Company’s existing exploration programme at Unaly Hill, Western Australia and to provide additional working capital to fund costs associated with the Company’s continued investigation of new project opportunities both in Australia and overseas.

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DAVID SEMMENS Company Secretary