Ann: Drilling Update - Turcaud Prospect, Fraser Range, page-2

Windward Resources Ltd (ASX: WIN) advises that drilling of the previously announced high-order (+4,000 siemens) off-hole conductor at the Turcaud prospect (Figure: 1), located on its Fraser Range North (FRN) Project, has been completed. The conductor, with lateral extents of 250m by 150m, was identified around 225m down-hole during a down-hole EM (DHEM) survey in hole 14TCRC002, one of three holes completed at the Turcaud Prospect in December/January (see ASX Release – 3 February 2015). Diamond drill-hole 15TCDH007 was drilled to a total depth of 283.7m and intersected a thick package predominantly composed of graphitic and sulphidic metasediments. At the target depth, a 5m zone of up to 25% pyrrhotite, pyrite, graphite and magnetite with magnetite-rich veining was encountered. This is interpreted to be the cause of the offhole EM response.

The Company is now moving to continue exploration activities of its existing pipeline of targets, namely Western Margin, Uraryie and Cundeelee during the current quarter. Planning is underway for a high-powered ground EM survey in the Western Margin area targeting massive sulphide accumulations within the sills identified in the recent drillhole. Further work, including an IP survey, over the Uraryie intrusive complex and drill testing of the Cundeelee prospect is also planned for the current quarter. The Company will provide further information on its broader Fraser Range exploration program in due course.