ASX!ANNOUNCEMENT! !!!!!!!!14th!February!2013!!!! LATEST ONE METRE DRILL RESULTS ADVANCE AXFORD GOLD PROSPECT HIGHLIGHTS

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1 GoldphyreResources Limited ACN: ASX:GPH SharesonIssue:26,732,010 TotalSharesQuotedonASX:18,232,010 UnlistedOptionsonIssue:21,389,800 Board&Management: RonPunch ExecutiveChairman BrentonSiggs NonEExecutiveTechnicalDirector ChrisClegg NonExecutiveDirector JohnRibbons CompanySecretary StreetAddress: Level2,640MurrayStreet, WestPerth,WA6005 Australia PostalAddress: POBox1941 WestPerth,WA,6872 Australia Tel: Fax: Web: Projects: LakeWells:gold,nickel,basemetals,PGM, uranium Yamarna:gold,PGM,uranium MailmanHill:gold,basemetals IslandView:gold,basemetals LavertonDowns:gold,basemetals A#new#company#targeting# overlooked#and#underexplored# greenstone#belts#in#the#eastern# Goldfields#of#Western#Australia # ASXANNOUNCEMENT GoldphyreResourcesASX/MediaRelease 14thFebruary2013 LATEST ONE METRE DRILL RESULTS ADVANCE AXFORD GOLD PROSPECT HIGHLIGHTS Further significant and broad gold intercepts recorded from recently collected 1m split samples from both Reverse Circulation (RC) and Air Core (AC) drilling (43 holes, 3,596m) indicateabroadspreadofgoldanomalismandsignificantgold mineralisation accompanied by extensive alteration at the AxfordProspect New significant and anomalous one metre split intercepts collected from previously reported, encouraging composite sample intervals remain open along trend and at depth and include: 4m@3.90g/tAu(LGRC020)including1m@12.32g/tAu 16m@1.08g/tAu(LGRC015)including1m@10.63g/tAu* 7m@1.19g/tAu(LGRC021)including1m@2.40g/tAu 8m@1.08g/tAu(LGRC025)including1m@3.55g/tAu 4m@1.01g/tAu(LGRC017)including1m@3.14g/tAu 2m@1.56g/tAu(LGRC023)including1m@2.80g/tAu 4m@1.53g/tAu(LGAC112)including1m@2.97g/tAu 2m@1.39g/tAu(LGAC120)including1m@2.54g/tAu TheAxfordProspectisbelievedtobethefirstgoldprospectin theulrichrangegreenstonebeltdisplayinghigh(+10g/t)rc goldgrades. Additional gold anomalous zones (+100 ppb Au) associated withalterationhaloesinrcandacdrilling Axford Prospect area followfup and infill drill planning underway *#Previously#reported#although#now#includes#the#entire#1m#split#samples# LAKE WELLS PROJECT AXFORD PROSPECT E38/ %GoldphyreResourcesLimited GoldphyreResourcesLimited(ASX:GPH, Goldphyre )isencouragedby furthersignificantandanomalousonemetresplitdrillresultsfromthe AxfordProspectattheLakeWellsProject. 1

2 TheresultsarefromrecentgoldassayingofcompositeintervalsreceivedfromthelatestroundofRCdrilling (LGRC013ELGRC025)andACdrilling(LGAC108ELGAC137)completedinmidEDecember,2012(Table1,Figure 1). Table1.LakeWellsfRCandACHoleSummary Hole_ID Drill_Type Prospect Holes Metres LGRC RC Axford 13 1,748 LGAC AC Axford 30 1,848 TOTAL 43 3,596 The one metre split results are very positive as they have demonstrated the widespread distribution of anomalous and significant gold intervals, particularly on the western and northern parts of the Axford Prospect. Theonemetresplitsamplesreturnednumerousanomalousandlowgradegoldintervalsalongwithabest Table2.Previouslyreportedcompositesamplesaredenoted*). Asstatedpreviously,RCdrillingwascompletedonfoureastEwest fences. ThreefencesstraddledthehighE gradegoldinterceptinlgrc011andthefourthfencewasdrilledtothenorth,overgoldanomaliesreportedin consecutiveacdrillholes(lgac074andlgac075).lgrc020wasdrilledonasection40mtothenorthofthe interpretednorthtrending,subverticaldippinghighgradezoneencounteredinlgrc011andlgrc015and demonstratescontinuityofthishighgradezone. ThenorthernmostfenceofRCholeslocated200metresnorthofthehighEgradegoldinterceptinLGRC011and LGRC015 has returned significant and shallow gold assays (several intercepts recorded at a vertical depth rangeofonly20me30m).theseresults,coupledwithgoldmineralisationreportedinthenorthernmostac hole of the program (LGAC120) and infill AC hole (LGAC137) to the south of the RC fences, have clearly advancedthegoldprospectivityofaxford. ThecombinationoftheRCprogramsandlatestACholesdrilledonAxfordWesthavegeneratedaninterpreted northtrending,dislocated+800mlong+50ppbgolddrilleholeanomalydisplayingnumerousanomalousand lowgradegoldinterceptsreinforcedwithsulphideequartzrichhighegradegoldintercepts(figure1).thepart ofthisdrilleholegoldanomalytothenorthoftherecentrcdrillingstillhaswidespreaddrillcoverage(200mx 80m)andisopentothewest,aswellasopentothenorthofLGAC120. The recent AC drilling was also successful in generating a new drillehole gold anomaly on Axford East (LGAC131,3m@0.92g/tAu).MuchofthecurrentdrillcoverageoverAxfordisstillofabroadpatternand furtherinfilldrillplanningandfolloweupofthelatestresultsisunderway. GoldphyreResourcesASX/MediaRelease 2

3 Figure1.LakeWellsWESTArea(E38/1903)DrillCollarPlan Table2.LakeWellsfAxfordRCDrillfHoleResults(Previously#released#results#in#Italics) Hole Hole Type Northing Easting Dip Azimuth Interval Width From Gold (g/t) LGRC013 RC To * LGRC014 RC LGRC015 RC GoldphyreResourcesASX/MediaRelease 3

4 Table 2. (cont ) Hole Hole Type Northing Easting Dip Azimuth Interval (m From To) Width LGRC015 RC Gold (g/t) incl incl incl LGRC016 RC LGRC017 RC * incl incl LGRC018 RC LGRC019 RC LGRC020 RC incl incl incl LGRC021 RC incl incl * LGRC022 RC LGRC023 RC incl * LGRC024 RC * incl GoldphyreResourcesASX/MediaRelease 4

5 Table 2. (Cont ) Hole Hole Type Northing Easting Dip Azimuth Interval (m From To) Width Gold (g/t) LGRC025 RC incl incl Datum: GDA94Zone51CoEordinatesystemwithcollarpickupbyhandEheldGPSGarmin60,HoleInclinationbyclinometerandazimuthbycompass. Note1:1msplitsampleexceptwheredenoted*forpreviouslyreleasednominal4mcompositesample Theaveragevaluewasusedinthecaseofadditional1mrepeatassaysand/or1msampleduplicateassaysreceivedfromtheassaylaboratory Note 2: 1m RC split intercepts calculated with 0.20 g/t Au lower cut, no upper cut and maximum 2m internal dilution. 1m RC split samples were collectedbyrigemountedrotarysplitterdirectlyoffrigattimeofdrillingandnominal4mrccompositesampleswerecollectedbypvcspearorscoop. SamplesdeliveredtoBureauVeritasKalassayLab,Kalgoorliefor40gFireAssayDigestwithICPMSFinish(FA40_ICPMS).Selective20gFireAssayDigest (FA20_ICPMS)and1kgBLEGassayingcompletedasalternativeassaytechniqueQA/QCcheckson1msampleswithinacceptablelimitsofFA40_ICPMS assaying(detectionlimit 1ppbAu) ThelatestonemetresplitresultsfromrecentdrillinghaveconfirmedarobustgoldEinEholeanomalouszoneon thewesternpartofaxfordinconjunctionwithnewgoldanomalousacholeontheeasternside.itisbelieved theaxfordprospectisthefirstgoldprospectintheulrichrangegreenstonebeltdisplayinghigh(+10g/t)rc goldgrades. Table3.LakeWellsfAxfordACDrillfHoleResults Hole Hole Type Northing Easting Dip Azimuth Interval Width Gold (g/t) From LGAC110 AC LGAC111 AC * 66 To incl LGAC112 AC incl incl incl LGAC114 AC * 66 LGAC119 AC * 60 LGAC120 AC incl LGAC124 AC * 60 LGAC131 AC GoldphyreResourcesASX/MediaRelease 5

6 Table#3.#(Cont ) Hole Hole Type Northing Easting Dip Azimuth Interval (m From To) Width Gold (g/t) LGAC133 AC * 90 LGAC137 AC incl incl Datum: GDA94Zone51CoEordinatesystemwithcollarpickupbyhandEheldGPSGarmin60,HoleInclinationbyclinometerandazimuthbycompass. Note1:1msplitsampleexceptwheredenoted*forpreviouslyreleasednominal4mcompositesample. Theaveragevaluewasusedinthecaseofadditional1mrepeatassaysand/or1msampleduplicateassaysreceivedfromtheassaylaboratory Note 2: 1m RC split intercepts calculated with 0.20 g/t Au lower cut, no upper cut and maximum 2m internal dilution. 1m RC split samples were collectedbyrigemountedrotarysplitterdirectlyoffrigattimeofdrillingandnominal4mrccompositesampleswerecollectedbypvcspearorscoop. SamplesdeliveredtoBureauVeritasKalassayLab,Kalgoorliefor40gFireAssayDigestwithICPMSFinish(FA40_ICPMS).Selective20gFireAssayDigest (FA20_ICPMS) and 1kg BLEG assaying completed as alternative assay technique QA/QC checks on 1m samples were within acceptable limits of FA40_ICPMSassaying(DetectionLimit 1ppbAu). Goldphyre s Technical Director Brenton Siggs said, The one metre split results really upgrade the gold prospectivityataxford.alargedrillholeanomalywithhighgradegoldshootsthatremainopenalongtrend andatdepthinaforgottengreenstonebeltisagreatstartforgoldphyrein2013.theotheraircoredrill anomalies and recent gold in quartz grades to the north of Axford just add to the great potential of this project. GoldphyreResourcesASX/MediaRelease 6

7 Figure2.AxfordWestArea(E38/1903)DrillCollarPlan GoldphyreResourcesASX/MediaRelease 7

8 FollowEup RC/Diamond exploration is required to evaluate the strike, extent and downedip potential of the interpretedhighegradeshootnatureoftheaxfordwestmineralisationandadditionalscoutacdrillingwitha saltelakeaccessibledrillrigwillbeplannedforthe2013fieldseason.newacdrillanomalieswillalsobetested withfolloweupdrilling. BrentonSiggs TechnicalDirector GoldphyreResourcesLimited Tel: COMPETENTPERSONSSTATEMENT TheinformationinthisreportthatrelatestoExplorationresults,MineralResourcesorOreReservesisbasedoninformationcompiled bymrbrentonsiggswhoisamemberoftheaustralasianinstituteofgeoscientists.mrsiggsiscontractedtothecompanythrough Reefus Geology Services and is a NonEExecutive Director (Exploration Manager) of Goldphyre Resources Limited. Mr Siggs has sufficientexperiencerelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitycurrentlybeing undertakentoqualifyasacompetentpersonasdefinedinthe2004editionoftheaustraliancodeforreportingofexplorationresults, MineralResourcesandOreReserves.MrSiggsconsentstotheinclusioninthisreportofthisinformationintheformandcontextin whichitappears. FORWARDLOOKINGSTATEMENT ThisannouncementmaycontainforwardElookingstatementswhichinvolveanumberofrisksanduncertainties.TheseforwardElooking statements are expressed in good faith and believed to have a reasonable basis. These statements reflect current expectations, intentionsorstrategiesregardingthefutureandassumptionsbasedoncurrentlyavailableinformation.shouldoneormoreoftherisks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentionsandstrategiesdescribedinthisannouncement.noobligationisassumedtoupdateforwardelookingstatementsifthese beliefs,opinionsandestimatesshouldchangeortoreflectotherfuturedevelopments. GoldphyreResourcesASX/MediaRelease 8