ASX RELEASE 2 August 2011 Significant Gold intersections at Chameleon Prospect Maiden 15 hole RC drilling programme (3,170 metres) completed by Scotia Gold Rights JV partner, Aphrodite Gold at the Chameleon Prospect. Results received for 11 holes with better intercepts including 12m @ 10.99g/t gold from 66 metres, 11m @ 2.05g/t gold from 129 metres, and 8m @ 1.51g/t gold from 227 metres. Breakaway Resources Limited (ASX: BRW) has been advised by Aphrodite Gold Limited (ASX: AQQ - Aphrodite), its Scotia Project Gold Rights Joint Venture partner, that significant gold results have been received from its maiden Reverse Circulation drilling program (15 holes 3,170 metres) at the Chameleon Prospect, which lies within the Scotia Project, located approximately 70km northwest of Kalgoorlie in the North Eastern Goldfields of Western Australia (see Figure 1). Results from eleven (11) holes have been received thus far with better intercepts including: 12m @ 10.99g/t gold from 66 metres in CHR001, 11m @ 2.05g/t gold from 129 metres in CHR002, and 8m @ 1.51g/t gold from 227 metres in CHR009. At Chameleon, gold mineralisation occurs within a steeply dipping, north plunging shoot that has been previously drilled on nominal 50 metre centres, over 300 metres strike and to a depth of 200 metres. Mineralisation remains open both at depth and along strike. Excellent historical gold intercepts have been achieved at Chameleon including 22m @ 5.43g/t gold. Further details on the results and drilling program are contained within Aphrodite s ASX announcement dated 2 August 2011 (See attached). At Scotia, Aphrodite can earn an 80% interest in the Gold Rights by spending $1.5M over a period of up to 4 years.. Figure 1: Scotia gold prospect locations. Level 2, 23 Ventnor Avenue P/ (08) 9278 6444 ASX Code: BRW Page 1of 2}} West Perth WA 6005 F/ (08) 9278 6449 Issued Shares: 291.10 million W/ www.breakawayresources.com.au E/ admin@breakawayresources.com.au Market Capital: A$25.33M
ENDS For Further Information Contact: Mr David Hutton, Managing Director Mobile: 0417 974 843 Business: (08) 9278 6444 Mr John Atkins, Chairman Mobile: 0419 767 573 Breakaway Resources Limited ABN 16 061 595 051 Level 2, 23 Ventnor Avenue West Perth WA 6005 P/ (08) 9278 6444 F/ (08) 9278 6449 E/ admin@breakawayresources.com.au W/ www.breakawayresources.com.au Competent Persons Statement: The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr David Hutton (Managing Director), a full time employee of the Company. Mr Hutton is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). He has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hutton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Information in this report that relates to the Scotia Project Gold Rights Joint Venture reflects information compiled by Leon Reisgys FAusIMM and Exploration and Development Director of Aphrodite Gold Ltd who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is reporting on as a competent person as defined in the 2004 Edition of The Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr. Reisgys consents to the inclusion in this report of the matters based on the information compiled by him, in the form and context in which it appears. About Breakaway Resources Limited: Breakaway Resources aims to become one of Australia's leading mining and exploration companies with exploration focussed at our priority Eloise Exploration Project (copper gold) within the Cloncurry District of North West Queensland and the Wildara and Miranda Projects (nickel) within the Leinster district of the North Eastern Goldfields of Western Australia; two areas that we believe offer the most attractive opportunities for future success. Our objectives are the discovery and development of a high-quality stand alone mineral deposit and maximisation of shareholder wealth for non-priority assets. Level 2, 23 Ventnor Avenue P/ (08) 9278 6444 Page 2 of 2 ASX Code: BRW Page 2 of 2 West Perth WA 6005 F/ (08) 9278 6449 Issued Shares: 291.10 million W/ www.breakawayresources.com.au E/ admin@breakawayresources.com.au Market Capital: A$25.33M
Significant Gold Intersection at Chameleon Gold Prospect 2 August 2011 Company Announcements Office Australian Securities Exchange Limited Significant Gold Intersections at Chameleon Gold Prospect Aphrodite Gold Limited (ASX:AQQ) is pleased to announce significant gold results from its maiden Reverse Circulation (RC) drilling program over the Chameleon Gold Prospect located 5km NE of its Aphrodite Gold Deposit (Figure 1). Gold intercepts include 12m @ 10.99g/t (66-78m), 11m @ 2.05g/t Au (129-140m) and 8m @ 1.51g/t Au (227-235m). Aphrodite s Exploration and Development Director, Mr Leon Reisgys said, this is an encouraging start to evaluating the Chameleon Prospect for its resource potential being so close to our 1.03Moz Aphrodite Gold Deposit. The Company has recently concluded a 15 holes (3,170 metres) RC drill program to test the NNW trending Chameleon gold mineralised zone over a strike length of 900 metres and down to a maximum vertical depth of around 230 metres. Results from eleven (11) holes (CHR0001 to CHR0010 and CHR0012, see Figure 2) have been received thus far and presented in this report. All assaying has been conducted on one metre sample intervals with gold (Au) assayed by the Fire Assay 50 gram method with an AAS finish. Significant results are presented in Table 1 with final gold assays from the program to be reported around mid-august, 2011. Chameleon forms part of the Scotia Gold Joint Venture Project which the Company recently farmed into with Breakaway Resources Ltd (ASX: BRW). Under the terms of the Joint Venture Agreement Aphrodite Gold Ltd can earn up to 80% of the gold rights in the Scotia Project tenements totally 217sq km. Details of the Agreement are contained in the Company s ASX release of 16 June 2011. The Chameleon Prospect is one of numerous gold targets which have been identified within the Scotia Project (Figure 3). Excellent historic gold intercepts have been achieved at Chameleon
including 29m @ 3.40g/t Au from 124 metres, 22m @ 5.43g/t Au from 150 metres and 8m @ 3.39g/t Au from 202 metres. The trend of mineralisation at Chameleon extends SSE into Aphrodite s tenements and possibly represents the northern extension of Aphrodite s Hera Prospect (refer to Figure 1) which will be targeted in future exploration programs. Table 1: Chameleon RC Drilling - Significant Intercepts ( 0.5 g/t gold) Hole Easting Northing Dip Azm Inclined Depth (m) From (m) To (m) Length (m) Au g/t Domain CHR0001 329740 6663160-60 90 108 52 57 5 1.64 O 66 78 12 10.99 O/T CHR0002 329640 6663232-60 90 162 129 140 11 2.05 P 142 143 1 0.56 P CHR0003 329570 6663285-60 90 186 160 162 2 0.89 P 65 68 3 0.72 O CHR0004 329570 6663360-60 90 228 111 113 2 1.69 T 132 139 7 1.40 P CHR0005 329560 6663452-60 90 162 85 86 1 0.51 T 105 107 2 1.60 P CHR0006 329750 6663042-60 90 160 22 23 1 0.91 O 194 196 2 2.77 P CHR0008 329720 6663049-60 90 252 201 205 4 1.10 P 210 212 2 2.39 P 227 235 8 1.51 P CHR0009 329640 6663160-60 90 250 incl 227 228 1 3.70 P CHR0010 329780 6662884-60 90 174 125 126 1 0.69 P Note: O = Oxide, T = Transitional, P= Primary Mineralisation
Figure 1: Chameleon Gold Prospect Relative to Aphrodite Gold Deposit
Figure 2: Drill Hole Locations, Chameleon Prospect
Figure 3: Scotia JV Project, Gold Prospects and Targets
Yours Sincerely, Leon Reisgys Exploration and Development Director Note1: Existing JORC Resource for the Aphrodite Gold Project consists of 3.67Mt @ 3.83g/t Au for 451,000 ounces (Indicated) and 6.39Mt @ 2.83g/t Au for 582,000 ounces (Inferred) totalling 10.06Mt @ 3.19g/t Au for 1,033,000 ounces. This resource has been broken down into two domains; potential open pit (0 to 150m depth) and underground (150 to 440m depth). Potential open pit resources consist of 1.92Mt @1.96g/t Au for 121,000 ounces (Indicated) and 5.14Mt @1.81g/t Au for 299,000 ounces (Inferred) totalling 7.06Mt @ 1.85 g/t Au for 420,000ounces at a cut-off grade of 0.5g/t. Potential underground resources consist of 1.75Mt @ 5.87g/t Au for 330,000 ounces (Indicated) and 1.25Mt @ 7.02g/t Au for 283,000 ounces (Inferred) totalling 3.0Mt @ 6.35 g/t Au for 613,000 ounces at a cut off grade of 3.0g/t. Full details of the JORC resource are contained in the Company s ASX announcement of 24 March 2011. Competent Person Statement Information in this report that relates to exploration targets, exploration results and resources reflects information compiled by Leon Reisgys FAusIMM and Exploration and Development Director of Aphrodite Gold Ltd who has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is reporting on as a competent person as defined in the 2004 Edition of The Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr. Reisgys consents to the inclusion in this report of the matters based on the information compiled by him, in the form and context in which it appears. For more information on Aphrodite Gold Limited please visit www.aphroditegold.com.au