Rumble Resources Ltd (ASX: RTR) ('Rumble' or 'the Company') is pleased to announce that our major drill programme has commenced at the Western Queen High-Grade Gold Project, located 110km NW of Mt Magnet within the Yalgoo mineral field of Western Australia.

This multi-rig drill programme will comprise of approximately 12,000m of diamond and reverse circulation (RC) drilling, testing a range of high-grade gold targets. RC drilling will focus on multiple high-grade gold shoot targets, and the diamond drilling will focus on potential resource extension down-plunge of the Western Queen Central deposit.

About Western Queen Gold Project

The Western Queen Gold Project lies 110km NW of Mt Magnet within the Yalgoo mineral field of Western Australia ('the Project'). The Project comprises of two contiguous mining leases (M59/45 and M59/208) for a total area of 9.8 km-2. The holder is Mt Magnet Gold Pty Ltd, an entity owned by Ramelius Resources (ASX: RMS). Rumble entered into an option agreement to acquire 100% of the Project in August 2019. On 14th April 2020 Rumble provided formal notice to Ramelius that it has elected to extend its option at the Western Queen Gold Project to 2 February 2021.

The Project is located within a 110km radius of three operating gold processing mills. The closest mill is the Dalgaranga Mill (48km) which has a capacity of 2.5 Mtpa. The Checkers Mill (Mt Magnet) has a capacity of 1.9 Mtpa and the Tuckabianna Mill has a capacity of 1.2 Mtpa. The two mined deposits at the Western Queen Gold Project have a combined historic production of 880,000t @ 7.6 g/t Au for 215,000oz. The Western Queen (Central) Mine produced 660,000t @ 8.9 g/t Au for 189,500oz and the Western Queen South Mine (from two stages) produced 220,000t @ 3.6 g/t Au for 25,500oz.

An updated mineral resource (Payne Geological Services Pty Ltd - Independent) was completed in January 2018. Rumble has reviewed and verified the indicated and inferred resource, and estimates remaining resources beneath both mined deposits of 962,000t @ 3.9 g/t Au for 120,000oz.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and that all material assumptions and technical parameters underpinning the estimates in the previous announcement continue to apply and have not materially changed. Refer previous announcements 17 February 2020 and 20 May 2020 for exploration results from the first two drill programs.

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.

Contact:

Tel: +61 8 6555 3981

Email: enquiries@rumbleresources.com.au

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