Wide Zones of Gold-Copper Mineralisation Intersected at Nany-Varas, Chile

Assay results received for approximately half the drill samples on Nany-Varas Project, Chile

Highlights:

Encouraging assays of gold-copper and base metal mineralisation returned from drilling at Nany-Varas, Chile, including:

o 28.25m @ 1.82g/t Au, 17.2 g/t Ag, 0.36% Cu from 120.00m, including:

1.10m @ 43.1g/t Au, 74.7 g/t Ag, 0.53% Cu from 131.60m o 22.15m @ 1.48g/t Au, 3.4 g/t Ag, 0.02% Cu from 159.50m, including:

1.25m @ 7.4g/t Au, 6.6 g/t Ag, 0.01% Cu from 179.15m

o 11.66m @ 0.13g/t Au, 12 g/t Ag, 0.19% Cu, 1.30% Pb, 1.85% Zn from

59.64m

Mineralisation intersected to date warrants deeper drilling

18 holes for 2,437m of HQ drill core completed to date , with drilling continuing

Perth, Australia – Monday, 28 November 2011: South American-focused copper-gold explorer Whinnen Resources Limited (ASX: WWW – “Whinnen”) is pleased to report that recent drilling has intersected broad zones of gold, copper and base metal mineralisation at the Nany-Varas Project in northern Chile. The Company’s maiden diamond drilling program in Chile on the Nany-Varas Project is currently nearing completion, with a total of 18 holes for 2,437 metres completed to date. The Project is located approximately 40km south along strike from the PanAust – Codelco JV Inca de Oro Copper-Gold Project (Indicated and Inferred Mineral Resource of 259Mt grading 0.46% copper and 0.13g/t gold), within the world-renowned Inca de Oro mining district in Northern Chile’s Atacama Region. The Inca de Oro area has been extensively mined for copper and gold and is currently the focus of significant exploration activity targeting copper and vein gold mineralisation. The geological target at Nany-Varas, as indicated by mapping and surface rock sampling is a large auriferous, low-sulphidation vein system hosted in a dominantly andesitic volcanic and sedimentary sequence. Drilling by Whinnen has confirmed that the vein system extends over a strike length of 800m and to a depth of more than 300m below surface. Deeper intersections have begun to return base metal sulphide mineralisation including chalcopyrite, bornite, galena and sphalerite. The vein structure is

ASX ANNOUNCEMENT 28 November 2011 (ASX Ticker: www) Registered Office: Whinnen Resources Ltd Level 2, 38 Richardson St West Perth Western Australia, 6005 P: +61-8 9322 6579 F: +61-8 9322 6398 Web: www.whinnenresources.com.au

Email: admin@whinnenresources.com.au

Directors: Nathan McMahon Non-Executive Chairman Tony Greenaway Managing Director Felicity Repacholi Non-Executive Director Company Secretary: Elizabeth Hunt

Issued Capital:

250 million shares 91.6 million options Cash Reserves (Oct 2011): $8.5 million

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characterised by multi-phase quartz veining and stockwork up to 60 metres wide in one area. Better results received from the more recent drilling include:

DDNN-09 11.66m @ 0.13 g/t Au, 12.0 g/t Ag, 0.19% Cu, 1.30% Pb, 1.85% Zn from 59.64m

DDNN-10 2.61m @ 0.14 g/t Au, 6.8 g/t Ag, 0.84% Cu, 0.59% Pb, 0.37% Zn from 101.34m

9.65m @ 0.07 g/t Au, 7.2 g/t Ag, 0.13% Cu, 0.57% Pb, 1.35% Zn from 109.75m

DDNN-13 2.43m @ 0.45 g/t Au, 14.3 g/t Ag, 0.47% Cu, 1.41% Pb, 2.59% Zn from 43.45m

DDNN-16: 28.25m @ 1.82 g/t Au, 17.2 g/t Ag, 0.36% Cu, 0.20% Pb, 0.61% Zn from 120.00m

Inc 1.10m @ 43.1 g/t Au, 74.7 g/t Ag, 0.53% Cu, 0.41% Pb, 0.35% Zn from 131.65m

22.15m @ 1.48 g/t Au, 3.4 g/t Ag, 0.02% Cu, 0.13% Pb, 0,23% Zn from 159.50m

Inc 1.25m @ 7.40 g/t Au, 6.6 g/t Ag, 0.01% Cu, 0.09% Pb, 0.23% Zn from 179.15m

5.10m @ 1.38 g/t Au, 11.2 g/t Ag, 0.15% Cu, 1.20% Pb, 1.07% Zn from 186.65m

A full listing of the assays received for the holes completed to date is detailed in Table 1. Drilling at the Nany-Varas Project has identified two distinct styles of mineralization as indicated by mineralogy and silver:gold ratios. The first style is a massive, quartz-vein hosted, gold-silver mineralisation (Ag:Au <10); and the second, a stockwork quartz vein hosted, copper-lead-zinc-silver, sulphide mineralisation with minor gold (Ag:Au>100). The silver-base metal zone is located in the footwall side of the vein structure at the north end and in the hangingwall side at the south end. Geological and geochemical modelling of the Nany vein is at an early stage due to the limited amount of data presently available (as approximately 50 per cent of the analytical data are still pending).

A possible “manto” style exploration target exists at the contact between the volcanic unit and the underlying volcanoclastics as seen in drill hole DDNN19 (see Figure 6). An increase in veining intensity was noted in the drill core at this contact, which may be due to the higher permeability of the volcanoclastic units and “ponding” below the volcanic contact. Assay results from this zone are pending. “These latest drilling results from the Nany Project are very encouraging,” commented Whinnen Resources Managing Director Tony Greenaway. “Recent drilling has intersected wide zones of base metal and gold mineralisation with some very high grade internal zones. Indications are the mineralisation is changing with depth.” “However, it is still early days for this Project, and we intend to wait for all of the outstanding assay results to come back from the laboratory to complete a full review of what we have found here before we embark on a more detailed, systematic and measured exploration campaign at Nany in 2012.”

- ENDS -

For more information, please contact:

Tony Greenaway

Managing Director & CEO

Cell: +61 (0) 407 981 057 (Perth)

+56 (9) 7 386 5542 (Chile)

Email: tony@whinnenresources.com.au

Website: www.whinnenresources.com.au

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About Whinnen Resources:

Whinnen Resources Limited (ASX: WWW) is an exploration company which has acquired a significant portfolio of copper-gold and gold projects in the world-class Atacama mining region in Chile. Whinnen has secured the backing of leading Western Australian copper company Sandfire Resources which holds a cornerstone 17.3 per cent shareholding and provides strategic and technical support and advice under a Technical Services Agreement. Through its acquisition of Mystic Sands Pty Ltd, a privately held company which had assembled a portfolio of mineral projects in northern Chile, Whinnen has access to extensive regional mining expertise and a potential pipeline of new project opportunities. This includes an extensive database of over 200 mineral resource projects. Whinnen will be undertaking aggressive exploration programs across its five key projects: Nany (gold), Condor (copper), Henry (iron oxide copper-gold), Dundee (gold) and Amigo (iron oxide copper-gold). The Company is well funded to pursue its objectives with approximately $8.5 million in available cash resources. Whinnen Resources Ltd | Tel: +61 8 9322 6579 | Web:

Key Statistics

Shares on Issue: 250 million + 91.6 million options

Board and Management: Nathan McMahon – Non-Executive Chairman Anthony Greenaway – Managing Director and CEO Felicity Repacholi-Muir – Executive Director Elizabeth Hunt - Company Secretary Jim Royal – Exploration Manager

Major Shareholders: Sandfire Resources Limited 17.3% Zero Nominees Pty Ltd 10.6%

Ravenhill Investments Pty Ltd 7.27% Qualifying Statement

This release may include forward‐looking statements. These forward‐looking statements are based on Whinnen’s expectations and

beliefs concerning future events. Forward‐looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Whinnen Resources Limited, which could cause actual results to differ materially from the views

expressed in such statements. Whinnen Resources Limited makes no undertaking to subsequently update or revise the forward‐looking statements made in this release to reflect events or circumstances after the date of this release.

JORC Competent Persons Statement The information that relates to the drilling data and geological interpretations is based on information compiled by Anthony Greenaway who is a Member of The Australasian Institute of Mining and Metallurgy and a Director of the Company. Mr Greenaway has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Greenaway consents to the inclusion of his name in the matters based on the information in the form and context in which it appears.

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Figure 1 – Whinnen Project Locations, Atacama Desert, Chile For

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Figure 2 – Nany Project – Tenure For

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Figure 3 – Nany Project – Drill Hole Locations For

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Figure 4 – Nany Project 701 4600mN

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Figure 5 – Nany Project Drill Section 701 4100mN For

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Hole ID East North RL

Dip Azi Depth

(m)

From To Interval Au Ag Cu Pb Zn

(m) (m) (m) (m) (m) (m) g/t g/t % % %

DDNN-01 409572 7014601 1870 -45 270 121.8 36.83 40.20 3.35 2.49 3.35 0.01 0.01 0.04

48.00 49.60 1.60 1.33 13.90 0.06 0.75 0.57

65.81 67.25 1.44 4.23 2.38 0.02 0.04 0.14

inc 66.75 67.25 0.50 10.55 4.60 0.03 0.07 0.16

90.00 90.94 0.94 0.98 3.80 0.04 0.08 0.16

109.03 109.60 0.57 0.07 18.50 0.26 0.52 0.11

DDNN-02 409554 7014548 1875 -45 270 100.2 38.93 39.50 0.57 0.74 <0.2 0.02 <0.01 0.01

47.05 48.10 1.05 1.44 0.94 0.01 <0.01 0.02

48.60 49.18 0.58 0.78 0.50 <0.01 <0.01 0.03

50.60 51.25 0.65 0.87 0.72 <0.01 <0.01 0.03

63.70 64.25 0.55 6.68 7.40 <0.01 0.01 0.03

68.87 69.91 1.04 0.02 2.90 0.14 0.05 0.07

DDNN-03 409548 7014449 1872 -45 270 100.1 49.53 50.25 0.72 1.11 8.30 0.05 0.11 0.07

59.86 63.63 3.77 0.07 5.57 0.22 0.39 0.14

DDNN-04 409556 7014300 1866 -45 270 100.2 51.30 52.17 0.87 0.56 0.70 0.01 0.03 0.04

53.80 54.80 1.00 0.62 0.50 <0.01 0.01 0.04

57.67 59.20 1.53 1.38 2.28 0.03 0.11 0.07

DDNN-05 409548 7014501 1875 -45 270 98.8 55.04 55.56 0.52 0.79 1.60 <0.01 0.05 0.13

DDNN-06 409555 7014650 1870 -45 270 103.5 93.28 94.08 0.80 0.90 10.50 0.10 0.02 0.05

94.87 96.00 1.13 3.21 9.00 0.05 0.03 0.06

DDNN-07 409556 7014352 1870 -45 270 100.65 No Significant results

DDNN-08 409557 7014399 1868 -45 270 94.65 55.60 56.60 1.00 1.85 8.20 0.04 0.12 0.20

DDNN-09 409549 7014252 1866 -45 270 93.3 45.13 47.70 2.57 1.12 1.12 0.01 0.02 0.10

53.90 55.72 1.82 3.02 3.30 0.01 0.03 0.05

59.64 71.30 11.66 0.13 12.02 0.19 1.30 1.85

DDNN-10 409550 7014252 1866 -70 270 147.85 66.64 73.85 7.21 1.18 1.37 0.01 0.04 0.05

75.25 76.25 1.00 0.77 1.10 <0.01 0.02 0.02

77.25 79.02 1.77 2.40 1.83 <0.01 0.03 0.04

86.77 87.85 1.08 0.74 1.20 0.01 0.04 0.08

98.64 99.54 0.90 1.96 5.00 0.03 0.14 0.35

101.34 104.00 2.61 0.14 6.81 0.84 0.59 0.37

109.75 119.40 9.65 0.07 7.23 0.13 0.57 1.39

121.76 122.70 0.94 0.04 5.10 0.12 0.40 1.26

DDNN-11 409538 7014203 1872 -45 270 100.4 Results Pending

DDNN-12 409538 7014203 1872 -70 270 149.25 Results Pending

DDNN-13 409534 7014154 1884 -45 270 88.75 45.86 46.48 0.62 0.59 1.60 <0.01 <0.01 0.03

50.40 51.05 0.65 3.00 2.60 <0.01 0.01 0.06

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Hole ID East North RL

Dip Azi Depth

(m)

From To Interval Au Ag Cu Pb Zn

(m) (m) (m) (m) (m) (m) g/t g/t % % %

53.03 55.46 2.43 0.45 14.37 0.47 1.41 2.59

DDNN-14 409534 7014154 1884 -70 270 136.48 Results Pending

DDNN-15 409472 7014077 1892 -45 90 100.5 43.45 44.60 1.15 1.27 4.80 0.03 0.52 1.63

62.55 63.24 0.69 0.80 0.70 <0.01 <0.01 0.01

87.57 88.54 1.87 3.50 5.09 <0.01 <0.01 <0.01

DDNN-16 409472 7014077 1892 -70 90 300.05 120.00 148.25 28.25 1.82 17.25 0.36 0.20 0.61

inc 131.65 132.75 1.10 43.10 74.70 0.53 0.41 0.35

159.50 181.65 22.15 1.48 3.46 0.02 0.13 0.23

inc 179.15 180.40 1.25 7.40 6.60 0.01 0.09 0.23

186.65 191.75 5.10 1.38 11.21 0.15 1.20 1.07

199.60 201.60 2.00 0.57 7.34 0.02 0.63 0.23

204.65 205.60 0.95 0.91 2.10 0.02 0.08 0.17

212.60 213.35 0.75 3.20 3.50 0.02 0.20 0.27

220.66 221.59 0.93 0.19 8.20 0.12 0.18 0.34

227.20 228.10 0.90 0.49 13.20 0.18 4.85 4.85

230.62 231.62 1.00 0.09 19.50 0.49 0.51 1.62

234.34 235.35 1.01 0.38 24.90 0.91 0.62 1.97

244.82 245.33 0.51 2.87 3.90 0.01 0.32 0.96

240.40 251.90 2.10 0.60 9.06 0.12 1.11 1.62

253.77 257.52 3.75 2.46 5.44 0.01 0.02 0.06

264.25 265.25 1.00 2.48 2.00 0.01 0.26 0.57

271.88 272.63 0.75 2.67 2.30 <0.01 0.01 0.03

292.61 293.55 0.94 0.74 0.50 <0.01 <0.01 0.01

DDNN-17 409408 7014042 1907 -40 90 105.85 Results Pending

DDNN-18* 409471 7014077 1891 -60 90 200.00 Results Pending

DDNN-19 409471 7014077 1891 -70 270 195.00 Results Pending

Note:

All results are based on ½ HQ drill core samples.

Analysis conducted by ALS Laboratories in Coquimbo Chile, using a 30g Fire Assay with AAS analysis for Gold; and Aqua Regia digestion with ICP-AES

analysis for multi element geochemistry.

Intervals are calculated using a minimum 0.5 g/t Au or 0.1% Cu cut off with a maximum of 2 meters internal dilution. No top cuts applied.

Drilling in Progress.

Table 1 – Nany Project – mineralised intercepts

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