final drill results out, page-12

Peak Resources Limited (Peak) is pleased to report that the final remaining assay results have now been received
from the recently completed resource drilling program at the Ngualla Rare Earth Project in southern Tanzania.
The complete data set has been passed to resource consultants Hellman and Schofield Pty Ltd, who have commenced work
on the maiden JORC compliant rare earth resource estimate for the Southern Rare Earth and South West Alluvial Zones at
Ngualla.
New rare earth intersections returned from an additional six drill holes from the most northern and southern drill traverses of the
Southern Rare Earth Zone ensure that the maiden resource will remain open to both the north and south.
Assays from the remaining 14 reconnaissance exploration holes in the Northern Zone have also now been received. New rare
earth, niobium – tantalum and phosphate intersections confirm the widespread nature of this style of mineralisation over a large
area that is currently only sparsely tested by drilling.
Rare Earth Mineralisation
Intersection highlights received from eight new holes within the Southern Rare Earth Zone include:
NDD008: 50m at 4.20% REO from 1m
NRC132: 30m at 4.31% REO from surface
NRC134: 30m at 3.49% REO from 14m
NRC152: 70m at 2.23% REO from surface
The maiden JORC compliant resource estimate for the Ngualla rare earth mineralisation remains on schedule to be
completed by the end of the first quarter of 2012.
Niobium – Tantalum and Phosphate Mineralisation
Assay results from an additional fourteen holes in the Northern Zone include:
NRC140: 119m at 0.71% Nb2O5 and 162ppm Ta2O5 from surface to EOH and
43m at 20.2% phosphate from 76m and
66m at 1.56% REO from 10m
The grade, near surface nature and potentially large extent of this second style of mineralisation in the Northern Zone
are encouraging. Mineralisation remains open to the west, north and towards the Southern Rare Earth Zone to the south.
The Company plans further drilling to test the potential for extensions to the currently identified mineralisation in the coming
field programs this year.
REO =