Locksley Resources Limited provided an update on activities at the Tottenham Project in central New South Wales. Mining, Exploration and Geoscience (MEG), Regional NSW have advised that transfer of Exploration Licences 6592, 6656, and 8384 from Mincor Copper Pty Ltd. to Locksley Resources Limited have been registered. These 3 tenements, that form the majority of the Tottenham Project, are now formally registered as 100% owned by Locksley Resources Limited.

Relogging and sampling of Historic Drilling: 19 historic drill holes, for over 2,600m of drilling from the Tottenham Project are stored at the W B Clarke Geoscience Centre (NSW Core Library) at Londonderry in western Sydney. Many of these holes from the 1960's and 1970's were only sampled in areas of visible high grades and not assayed for gold. During January and February holes C, D, V1, R1, R2, R3, CW1, B1, TL430D224, TL424D183, TF204D510, 7A, 7B, 8S-50', 8S, 8S+50', 9S, 10S were systematically relogged and had additional sampling undertaken.

Assay results have now been received and anomalous results are summarised in the attached table along with collar location details. Six holes from the Larkins, Jimmy Woodser, and Nelsons Prospects remain to be examined. 7A (15.2m): This RAB hole was drilled between the Bogan River and Mount Royal Mines.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 7B (45.7m): This RAB hole was drilled between the Bogan River and Mount Royal Mines.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 8S-50' (15.2m): This is one of a line of RAB holes drilled at the western edge of the Mount Royal Mine.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 8S (21.3m): This is one of a line of RAB holes drilled at the western edge of the Mount Royal Mine.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 8S+50' (27.4m): This is one of a line of RAB holes drilled at the western edge of the Mount Royal Mine.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 9S (36.6m): This is one of a line of RAB holes drilled at the western edge of the Mount Royal Mine.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. 10S (45.7m) This is one of a line of RAB holes drilled at the western edge of the Mount Royal Mine.

Drill chips stored on 5' (1.5m) intervals were discovered at Londonderry. Metasediments intercepted with no significant mineralisation. C (7.6m): This hole is located ~400m south of the Carolina Deposit.

Chips from this RAB hole were relocated and logged. The hole penetrated barren metasediments below transported cover. D (19.8m): This hole is located to the SW of the Carolina Deposit, close to Generator Shaft.

Chips from this RAB hole were relocated and logged. The hole penetrated barren (?)metasediments below transported cover. V1 (198.12m): This hole was drilled in the footwall to the SW of the Carolina Deposit.

The hole was testing an historic IP anomaly. Lithology was dominated by mafic schists after basalt that overlie pelites. No obvious sulphides were present and the IP anomaly remains unexplained.

There had been no previous sampling of this hole. Sampling returned a single interval of 1m @ 0.72g/t Au from 90m. B1 (126.49m): This hole tested for westward extensions of the Bogan River Mine and an IP anomaly.

No significant mineralisation was detected. The hole may not be deep enough to fully test the area. R1 (106.68m): This vertical hole represents the deepest test below the eastern part of the Mount Royal deposit.

2 narrow high grade intervals are present; 0.61m @1.3% Cu from 53.64m and 0.91m @ 1.15% Cu; 0.21ppm Au from 56.39m. The hole did not progress deep enough to locate the mafic footwall to the system. The Mount Royal Deposit remains open at depth in this area.

R2 (112.78m): This vertical hole represents the deepest test below the central part of the Mount Royal deposit. Weak mineralisation was detected with 1.53m @ 0.12% Cu from 51.51m that is defined by narrow pyritic bands. The hole did not progress deep enough to locate the mafic footwall to the system.

R3 (106.68m): This vertical hole represents the deepest test below the western part of the Mount Royal deposit. Weak mineralisation was detected with 1.52m @ 0.18% Cu from 51.21m that is defined by narrow pyritic bands. Additional sampling identified anomalous zinc mineralisation with 4.22m @ 0.21% Zn from 55.78m.

The hole did not progress deep enough to locate the mafic footwall to the system. CW1 (200.0m): This hole was drilled to test down dip of the Chris Watson Mine. The hole extends further into the footwall than any other drilling.

The observed footwall consists of metabasalt, metagabbro and mafic volcaniclastic. Sampling defined two mineralised horizons with .6m @0.10% Cu from 38.14m and 1.36m @ 6g/t Ag, 1.17% Cu, 0.34% Zn from 44.50m that are associated with pyritic sulphide bands. TL424D183 (241.0m): This hole was drilled approximately 100m SW of the Orange Plains core yard.

5 areas of mineralisation were historically described between 34.17m and 100.89m1. Zones include: 0.42m @ 0.56% Cu from 34.17m; 9.91m @ 0.41% Cu from 38.95m; 0.06m @ 1.70% Cu from 50.93m; 0.07m @ 1.60% Cu from 70.77m; and 0.31m @0.37% Cu from 100.58m. Insufficient sample remained to reassay these intervals.

Two broad (~10m) zones of previously unsampled pyritic sediments were found and sampled. Samples were also taken to fill gaps in previous sampling and for areas with trace pyritic mineralisation. No significant additional values were returned.

TL430D224 (142.03m): This hole tests downdip of the Effies Ace workings. Weak mineralisation was detected with 0.64m @ 0.2% Zn from 25.02m that is associated with narrow pyritic bands. The hole penetrates through the mafic footwall unit to pelites and mafic volcaniclastics.

TF204D510 (165.9m): This hole tests northern extensions of the Ace Mine and an IP anomaly. There is a historical intercept of 0.49m @ 0.37% Cu, 0.19%Zn from 101.71m. Several zones of pervasive sulphides and vein pyrite were identified in this hole.

Additionally, two large zones of vein magnetite as well as the occasional presence of haematite along fractures were recorded. Over 9000m of previous diamond drilling is stored at the Orange Plains field camp. Many of these holes contain unsampled intervals of mineralised core.