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Blackthorn Resources Ltd, Update: Mumbwa Project

KEY POINTS

- Work completed at the “Kakozhi” prospect (previously referred to as “Target A”) yielding encouraging results and supporting the case for further work

- Orion three-dimensional Induced Polarisation and Magnetotellurics (Orion 3D) survey to commence over high-grade area at Kitumba, with potential to be extended to other areas within the Mumbwa project

- JORC compliant resource update expected end June 2012 with results to be fed in Kitumba scoping study to be delivered by early August 2012

- Drilling expected to recommence July 2012 at Kitumba and Kakozhi

Blackthorn Resources Limited (ASX:BTR) (“the Company” or “Blackthorn Resources”) is pleased to provide the following update for the Mumbwa project area in Zambia.

The Mumbwa project is 100% Blackthorn Resources owned and hosts the flagship Kitumba prospect. The Project is located approximately 200km west from the capital Lusaka within a highly prospective greenfield play with giant IOCG (Iron Oxide Copper Gold) resource potential.


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