Quarterly Activities Report

• Discovery of high-grade antimony-gold lode in NAD056 drill hole
• Plans for construction of 300,000 tpa toll treatment facility at Nagambie Mine
• Received mandate from JP Equity Partners to conduct placement with investors

Nagambie Resources has announced the assay results for the discovery of the C4 antimony-gold lode in its NAD056 drill hole, located approximately 130m east of the C1 lode and 123m vertically below the surface. The intersection returned 40.5 g/t gold equivalent over 7.3m downhole, with an estimated horizontal thickness of 1.83m. The company believes these semi-regular spacings between the north-south-striking C-style lodes fit with its structural model, and plans to target additional such lodes within an anomalous distance of 1,500m to the east of the C4 lode and 2,000m to the west/south-west of the C3 lode. Under the Nagambie Joint Venture, Nagambie Resources and Golden Camel Mining Pty Ltd are planning the construction and operation of a 300,000 tonnes per annum toll treatment facility at the Nagambie Mine, with GCM responsible for funding the infrastructure, construction, and commissioning costs. Initial feed for the plant is planned to be trucked from GCM's Golden Camel Mine. Subsequent to the June quarter, Nagambie received a mandate from JP Equity Partners, as Lead Manager, to conduct a placement with sophisticated and professional investors.