RUM JUNGLE URANIUM LIMITED

Rum Jungle Uranium Limited has identified roll-front type uranium mineralization associated with oxide copper on its Mount Bundy Project 90km south east of Darwin, NT, Australia. The Anniversary Breccia Prospect is located on EL10382 where RUM is earning 100% uranium rights from Crocodile Gold Australia Pty Ltd (formerly GBS Gold). Anniversary Breccia is located 10km North West of Tom’s Gully Gold Mine. Uranium-copper mineralization has been intersected in a number of holes over 190m strike length in oxidized sediments overlying reduced graphitic black siltstone. Best results include 1m @ 1769 ppm U308 and 3.87% Cu within an interval of 5m @ 570 ppm U308 and 1.12% Cu in hole MBRC010. A large low grade intersection of 53m @ 250 ppm U308 from 45-98m depth includes an interval of 26m @ 339 ppm U308 and 2557 ppm Cu in hole MBRC018. In the northern part of the prospect a manganiferous ironstone unit with low grade copper, cobalt and nickel up to 32m thick cuts off the roll front uranium system and is still open along strike to the north east.