ASX ANNOUNCEMENT AND MEDIA RELEASE          24 May 2012

Suite 2, 20 Altona Street Telephone: +61 8 92263666 West Perth WA 6005 ........Facsimile: +61 8 92263668 Email: breaker@breakerresources.com.au Website: www.breakerresources.com.au

ASX Code: BRB ACN: 145 011 178

BREAKER COMMENCES FIRST DRILLING AT DEXTER GOLD PROJECT IN WESTERN AUSTRALIA

• Drill rigs commence drilling at Dexter Project, on Yamarna Shear Zone, 80 km NW of the 6 million ounce Tropicana deposit

• Up to 4,000 metres of aircore drilling planned at Dexter to test over 80 separate structural targets.

Breaker Resources NL (ASX: BRB “Breaker”) is pleased to advise that aircore and auger drill rigs have commenced drilling in the previously undrilled, +500 km2 northern portion of its Dexter gold project, located on the Yamarna Shear, 80 km NW of the 6 million ounce Tropicana deposit, and 80 km south of the Central Bore gold discovery, in Western Australia.

Up to 4,000m of aircore drilling is planned at the Dexter Project to test up to 80 structural targets identified from aeromagnetic data. Many of the targets are located along strike from undrilled gold-in-soil anomalies identified by WMC Ltd in the mid-1990s in the northern part of the Dexter Project.

Breaker Executive Chairman Tom Sanders said the Company was excited to begin its maiden drilling programme at the Dexter Project.

“We have assembled what we believe is a strategic landholding with high potential for discovery in a relatively under explored region,” Mr Sanders said.

“We will now aggressively pursue our goal of making an early-stage discovery as we progressively unlock the value of our projects for shareholders.”

Multi-element geochemical auger drilling will be conducted in tandem with the aircore drilling on a 1,600m by 400m grid pattern to test for the presence of large alteration systems. Infill auger drilling will be completed as required to define further drill targets. The drilling programmes are expected to last four to six weeks. The drill rigs will then move to the Attila West and Mt Gill Projects. Initial drill results from the Dexter project are expected in approximately 8 weeks. The Dexter Project The Dexter Project is located 140 km SSE of Laverton, and comprises two granted exploration licences and one exploration licence application with an

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overall area of 1,100 km2. The Dexter Project (Figure 1) straddles the intersection of the Yamarna and Dexter Shear Zones and includes 27 km of the Yamarna Shear and 65 km of the Dexter Shear, which consists of two parallel zones of sheared and previously unexplored greenstone interpreted along E39/1614 and ELA 38/2695 (Figure 2).

Figure 1 Breaker Project Locations

Historical exploration at the Dexter Project is limited and consists mainly of partial-coverage soil sampling which encountered anomalous gold-in-soil values up to 32 ppb gold at the northern end of a prominent bend in the Yamarna Shear (ELA 38/2695; full soil results are depicted in Figure 2). Follow-up drilling was not undertaken. The prominent bend in the Yamarna Shear which is only now apparent after more recent aeromagnetic data, is adjacent to a domal granite that is mantled by previously unexplored greenstone. Breaker believes the anomalous gold-in-soil values are potentially significant as they are in sand, are open to the south, and are comparable in magnitude to those

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encountered in early stage exploration at recent discoveries in the region.

Transported sand and sediment cover is thin (2m to 40m) in the northern project area where current exploration is planned, with moderate to thick (80 m to 129m) cover in the central and southern areas of the Dexter Project.

Breaker believes the Dexter Project is highly prospective due to its favourable structural setting, the presence of anomalous gold-in-soil values, and the proximity to known deposits in the region.

Other gold-prospective structural targets within the Dexter Project include the intersection of the Dexter Shear with the Sefton Lineament, and areas along the Yamarna and Dexter Shears adjacent to where they are intersected by numerous cross structures apparent in the aeromagnetic data.

Figure 2 Dexter Project: Interpreted Geology

For further information please contact Investors Media Tom Sanders, Executive Chairman Michael Vaughan Rachel Cooper Breaker Resources FTI Consulting FTI Consulting Ph: (08) 9226 3666 0422 602 720 0447 040 041

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Company Background Breaker Resources NL is a newly listed Australian exploration company pursuing new opportunities for gold discovery in the emerging Yamarna and Burtville Terranes, located in the largely unexplored eastern part of the Eastern Goldfields Superterrane (EGST), Western Australia. Breaker is now the largest tenement holder in the EGST with eight 100%-owned Projects covering an area of over 5,500km2. The Company successfully listed on the ASX in April 2012.

In the period 2001 to 2008, new research in the Eastern Goldfields region led to a new understanding of the timing, distribution and nature of the gold mineralising events. Between 2005 and 2009 government bodies undertook an extended phase of mapping, geophysics and geochronology for the Yamarna and Burtville Terranes.

During this time, significant gold discoveries were made in the Terranes including Moolart Well in 2002, Garden Well in 2009 and Central Bore in 2009. The Tropicana gold deposit, to the immediate south of the Yilgarn Craton, was discovered in 2005.

In November 2010 Breaker applied for a large number of tenements that specifically targeted underexplored major faults situated adjacent to regional anticlines, domal granite intrusions, greenstone belts and fault bends. Breaker believes these areas have the potential to host further new gold discoveries. COMPETENT PERSON STATEMENT The information contained in this report that relates to exploration results and geological information is based on information compiled by Mr Tom Sanders, an officer of Breaker Resources NL and whose services have been engaged by Breaker on an 80% of full time basis. Mr Sanders is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities which he is undertaking to qualify as a Competent Person as defined in the December 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Sanders consents to the inclusion in this report of the information based on his work in the form and context in which it appears.

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