Rum Jungle Resources Ammaroo Phosphate Exploration and Company Update

Perth, Australia - Assay results are still being received for the phase 1 resource drilling of the Ammaroo East area on Central Australian Phosphate (CEN) Arganara tenement EL 24726. All assays are scheduled to be received within the next two weeks, at which time the data will be provided to an independent resource consultant for a combined JORC Resource upgrade of the contiguous Barrow Creek 1 and Arganara deposits which will be combined and extended in both directions and renamed the Ammaroo Phosphate Deposit. A resource upgrade will be compiled and should be announced to the market before the end of March.

In some areas of Ammaroo East, the mineralised thickness is well in excess of the 6-7 m average at Barrow Creek 1/Arganara. This eastern extension will provide significant additional tonnage of phosphate.


Higher grade intervals include:

- 6 m @ 22.9% P2O5 from 34 m in CARC0183
- 3 m @ 20.8% P2O5 from 13 m in CARC141
- 3m @ 19.8% P2O5 from 4 m in CARC130
- 7 m @ 19.7% P2O5 from 24 m in CARC186
- 8 m @ 18.5% P2O5 from 30 m in CARC121
- 7 m @ 18.3% P2O5 from 18 m in CARC144

Thicker phosphate intervals include:

- 25 m @ 11.9% P2O5 from 19 m in CARC203
- 21 m @ 12.2% P2O5 from 11 m in CARC045
- 20 m @ 11.4% P2O5 from 13 m in CARC045
- 18 m @ 13.0% P2O5 from 13 m in CARC074
- 17 m @ 15.4% P2O55 from 32 m in CARC207
- 16 m @ 13.0% P2O5 from 19 m in CARC072
- 15 m @ 14.3% P2O5 from 18 m in CARC156
- 15 m @ 13.0% P2O5 from 22 m in CARC190
- 14 m @ 12.0% P2O5 from 39 m in CARC306
- 14 m @ 12.4% P2O5 from 40 m in CARC307

Note: Intervals include a maximum of 2 m internal dilution below 10% P2O5.


CHINESE BUSINESS DEVELOPMENT

A delegation of Rum Jungle Resources' senior management will be visiting China this week. Part of the visit will include an inspection of an underground phosphate mine in Hubei Province and discussions about potential interest in the Ammaroo Phosphate deposit. The delegation will also meet with senior representatives of CICCC and other State owned enterprises interested in international fertiliser opportunities with respect to the company's potash developments. RUM executives will experience a first hand demonstration of commercial production of potassium sulphate from lake brines by world leaders in this technology, in operations in Northern China.

Table 1. Table of drill hole details. Eastings and Northings are MGA Zone 53 GDA94.

------------------------------------------------------------ 
Hole_ID  Easting Northing  From Interval  Avg.  Comment 
                           (m)  (m)      P2O5%
------------------------------------------------------------
CARC044  528405  7619994   13   20       11.4  
CARC045  528401  7619598   11   21       12.2  
CARC072  529196  7620392   19   16       13.0  
CARC074  529206  7619592   13   18       13.0  inc. 1m@27.3% 
CARC121  530401  7618801   30    8       18.5  
CARC130  530798  7620391    4    3       19.8  
CARC141  531202  7620803   13    3       20.8  
CARC144  531201  7619613   18    7       18.3  
CARC156  531600  7619589   18   15       14.3  
CARC183  532797  7617200   34    6       22.9  inc. 3m@28.7% 
CARC186  533200  7620395   24    7       19.7  inc. 2m@30.1% 
CARC190  533204  7618794   22   15       13.0  
CARC203  533600  7619607   19   25       15.3  
CARC207  533600  7618006   32   17       12.0  
CARC306  537600  7617620   39   14       12.1  
CARC307  537604  7617212   40   14       13.1  
------------------------------------------------------------

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/76651-ASX-RUM-402119.pdf


About Rum Jungle Resources Limited:

Rum Jungle Resources (ASX:RUM) is an Australian Securities Exchange listed, diversified junior explorer focused on highly prospective land located in Australia’s Northern Territory and Queensland.

A Northern Territory and Queensland focussed mineral explorer with a portfolio including: Uranium, Potash, Phosphate and Base Metals.

Rum Jungle Resources has strategic alliances with other major Northern Territory explorers increases exposure to additional exploration areas.

Rum Jungle Resources has experienced geological management backed up by a solid financial base to fund exploration budgets.



Contact:

Rum Jungle Resources Ltd.
T: +61-8-8942-0385
F: +61-8-8942-0318
www.rumjungleresources.com.au