Rumble Resources Ltd (ASX: RTR) ('Rumble' or 'the Company') is pleased to provide an update in respect to the Company's activities during the December 2020 quarter.

Four Drill Programs Assays Pending

Rumble has had a transformational year in 2020 which has culminated in highly anticipated drilling being completed at the Western Queen, Munarra Gully, Lamil and Braeside Projects, all located in Tier 1 regions of Western Australia for a combined 40,000m of drilling.

Shareholders can look forward to an exciting start to 2021 with news flow from the impending assays results on all four drill programs providing multiple near-term catalysts for a significant re-rating, with all projects capable of world class discoveries.

Western Queen Au Project, Mt Magnet, Western Australia

22,784m RC & Diamond Drill Program - Completed Assays Pending

High-Grade Au Targets

Lamil Au-Cu JV Project - AIC Mines, Paterson Province, Western Australia

11,359m RC & Diamond drill program - Completed Assays Pending

'Tier 1' Au-Cu Targets 3. Braeside Cu-Au-Zn-Pb-Ag Project, East Pilbara, Western Australia

3,710m RC Drill Program - Completed Assays Pending

Large Scale Cu-Au-Zn-Pb-Ag Targets

Munarra Gully Au-Cu-Ag-Zn Project, Cue, Western Australia

3,088m RC drill program - Completed Assays Pending

'Tier 1' Au-Cu-Ag Targets 5. Fraser Range Ni-Cu-Au JV Project - IGO, Fraser Range, Western Australia

Thunderstorm Au-Cu Project Drilling - Planned March 2021 Quarter

'Tier 1' Au-Cu Targets

Thunderdome Ni-Cu Project Drilling - Planned March 2021 Quarter

'Tier 1' Ni-Cu Targets 6. Earaheedy Zn-Pb-Ag Project, Wiluna, Western Australia

RC drilling - Planned March 2021

'Tier 1' Zn-Pb-Ag Targets 7. Warroo Cu-Zn-Pb-Ag-Au-U-Pt Project, East Pilbara

Airborne EM Program - Planned March 2021 Quarter

'Tier 1' Cu-Au-Zn Targets

Corporate

Options totalling $720,000 exercised.

$871,624 R&D refund received.

Strong Cash Position of $4.2 million at the end of the quarter

$285k in listed investments at the end of the quarter

Western Queen Au Project, Mt Magnet, Western Australia

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 mining leases M59/45 and M59/208 and 2 exploration tenements E20- 0967 and E59-2443 which are 100% RTR. 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 Project hosts the entire Warda Warra north-south trending mineralised greenstone belt which is 35km in length and up to 3km in width. The greenstone belt hosts the mineralised Western Queen Shear Zone which is up to 50m in width and holds a series of high-grade gold structures including two mined deposits for 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.

Contact:

Tel: +61 8 6555 3980

Fax: +61 8 6555 3981

Email: rumbleresources.com.au

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