20th February 2012

ASX Announcement 4/66 Kings Park Road, West Perth WA 6005 PO Box 52, West Perth WA 6872

Drilling I Determination I Discovery ASX Symbol: QRL info@quintessentialresources.com.au www.quintessentialresources.com.au ACN 149 278 759

ASX: QRL

Presentation to Shareholders and Investors

Quintessential Resources Ltd, Managing Director Paige McNeil, will be presenting the attached Company Update which outlines the exploration strategy forward to existing and prospective investors in Sydney on 20th February 2012. For more information and to register to receive ASX announcements via email please visit: www.quintessentialresources.com.au

Paige McNeil GDipEd, ACIS, GAICD Managing Director +61 8 6278 3202 info@quintessentialresources.com.au

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by, or compiled under the supervision of Dr Salam Malagun - Member of the Aust. Inst. of Geoscientists. Dr Malagun is the Technical Director of Quintessential Resources Ltd and a full time employee of the Company. Dr Malagun has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources. Dr Malagun consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

drilling determination discovery

Investor Presentation February 2012

Quintessential Resources Ltd Disclaimer Statements: This presentation has been prepared to provide information on Quintessential Resources Limited. It is not intended as an offer, invitation solicitation or recommendation with respect to the purchase or sale of any securities. This presentation should not be relied upon as the sole representation of any matter that a potential

investor should consider in evaluating Quintessential, its affiliates or any of its directors, agents, officers or employees do not make any representation or warranty, express or implied, as to or endorsement of, the accuracy or completeness of any information, statements, representations or forecasts contained in this presentation, and they do not accept any liability for any statement made in, or omitted from, this presentation.

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by, or compiled under the supervision of Dr Salam Malagun - Member of the Aust. Inst. of Geoscientists. Dr Malagun is the Technical Director of Quintessential Resources Ltd and a full time employee of the Company. Dr Malagun has sufficient experience which is relevant to the type of mineralisation and type of deposit under consideration to qualify as Competent Person as defined in the 2004 Edition of the Australasian Code of Reporting Exploration Results, Mineral Resources and Ore Resources. Dr Malagun consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Prospective investors should make their own independent evaluation of an investment in the Company.

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Corporate Structure Quintessential is a dynamic junior mineral exploration company focused on acquiring,

exploring and developing highly prospective mineral properties in Papua New Guinea for World Class Porphyry Copper and Gold deposits.

LISTED ON ASX: 10.8.11

ORDINARY SHARES: 30,000,000

IN ESCROW (24 months): 10,000,000

UNLISTED OPTIONS: 12,000,000

CASH 31/12/11 : $1.99M

MARKET CAP @ $0.32 : $12.8M

RANGE: $0.18 - $0.35

TOP 20: 52.03%

DIRECTORS HOLD: 37.40% 3

Experienced Management Team

Chairman Jay Stephenson MBA, FCPA, CMA, FCIS, MAICD Over 21 years of business development including approximately 16 years as Director, Chief Financial Officer and Company Secretary for various listed and unlisted entities. Jay has been involved in business acquisitions, mergers, initial public offerings, capital raisings, as well as managing all areas of finance for companies. Jay sits on the boards of Doray Minerals, Drake Resources, Strategic Minerals and Aura Energy. Managing Director Paige McNeil GradDipEd, ACIS, GAICD & Company Secretary Over 13 years mineral exploration experience including the past 7 years as Administration Manager and/Company Secretary for various Australian and Canadian listed and unlisted companies predominantly operating in PNG, including Frontier Resources Ltd. 2010 Recipient of WA Business News 40under40 award. Exploration Director Dr. Salam Malagun PhD, MSc, MAIG

Over 26 years geological experience through out Papua New Guinea and Queensland. Salam has worked on most of the major mineral deposits in PNG and his PhD research contributed significantly to the discovery of the Simberi Gold Deposit.

Management have strong PNG technical and logistical experience with proven corporate and exploration track records.

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Tenement Portfolio

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Strategic Land Position

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EL1727 : Bismarck

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Tekem Gold Deposit

A distinct NW oriented magnetic low is obvious through the Tekem Gold District. “Lows” represent intense hydrothermal activity and possible mineralised zones.

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Tekem Gold Resource

JORC COMPLIANT INFERRED RESOURCE

Cut off Grade Tonnes Grade Approx Total

(g/t Au) (g/t Au) Ounces Gold

Zone 1 0.5 526,000 1.52 25,700

1 350,000 1.93 21,700

Zone 2 0.5 272,000 1.79 15,650

1 187,000 2.28 13,700

0.5 798,000 1.61 41,400

Total 1 536,000 2.05 35,400

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HOLE NUMBER INTERCEPT

TKD 001 LENGTH GOLD GRADE (g/t) FROM TO

Entire Hole 80.1m 0.51 0.0m 80.1m

Including 7.9m 1.34 7.6m 15.5m

Plus 0.7m 2.86 35.1m 35.8m

Plus 2.2m 7.30 43.2m 45.4m

HOLE NUMBER INTERCEPT

TKD 002 LENGTH GOLD GRADE (g/t) FROM TO

Entire Hole 75.1m 0.57 0.0m 75.1m

Including 13.1m 1.02 8.1m 21.2m

Plus 3.1m 2.96 9.1m 12.2m

Plus 2.1m 8.10 63.5m 65.6m

Plus 1.1m 0.90 74 75.1

HOLE NUMBER INTERCEPT

TKD 003 LENGTH GOLD GRADE (g/t) FROM TO

Entire Hole 75.9m 0.80 0.0m 75.9m

51.6m 1.16 0.0m 30.2m

including 23.3m 2.38 6.9m 30.2m

Plus 10.8m 0.35 10.4m 21.2m

Plus 3.8m 11.84 22.2m 25.0m

Including 0.65m 27.80 21.2m 22.2m

Including 1.0m 25.40 22.2m 22.8m

Plus 5.2m 0.58 25.0m 30.2m

Plus 21.4m 0.19 30.2m 51.6m

HOLE NUMBER INTERCEPT

TKD 004 LENGTH GOLD GRADE (g/t) FROM TO

Entire Hole 96.0m 0.71 0.0m 96.0m

67.2m 0.97 1.5m 68.7m

including 19.3m 2.55 1.5m 20.8m

with 1.7m 1.52 1.5m 3.2m

plus 2.4m 16.90 10.5m 12.9m

plus 0.5m 3.85 14.0m 14.5m

and 11.6m 0.53 30.0m 41.6m

including 1.5m 2.80 30.0m 31.5m

including 6.3m 0.13 33.8m 40.1m

plus 4.2m 0.93 56.0m 60.2m

Tekem resistivity (top) and chargeability (bottom) cross sections showing traces of holes TKD 001 - 007 relative to the contoured geophysics. The cross section (4E) is looking to grid west or WSW . The structure appears to be trending to the

lower left corner of the chargeability section from the surface ; associated with the shoulder of the chargeability

Tekem Drilling Program

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Tekem Drilling Program

Tekem cross section looking to the WSW showing the drill hole traces and TKD 003 & 004 high grade gold zone with coloured assays representing the various gold grades. 11

Tekem Drilling Program

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Tekem Drilling Program

Proposed hole TKD 008 shows planned trace testing the conductivity anomaly ending up relatively to the top of the chargeability anomaly. 13

Mal Porphyry Copper District

The aeromagnetics (TMI) clearly show the Mal District as a typical porphyry copper signature in this environment with a strong positive on the northern side and a corresponding negative on the southern side. 14

QRL First To Drill Mal

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Mal Geophysics

The 3D-IP contoured model shows chargeability (orange >30ms, red >40m and purple >50 ms), conductivity (grey) and resistivity (green) anomalies. This image looks from the bottom SE to the surface in the NW under an opaque Digital Elevation Model (DEM or DTM). The high intensity chargeability anomaly cores (red to purple) to the Pipe, Chute, Plug and some of the Half Bowl are readily apparent and are open at depth and /or along strike.The grid is 1,200m wide and 2,700m long (area = 3.25 sqkm) and the 3D-IP model was generated to an average of >500m below surface level (deeper at the topographically higher N and S ends but noted as below the level of reliability). This plan looks from the bottom to an opaque Digital Elevation Model (DEM or DTM), where north is +Y, east is +X and up is +Z.

Tube 3

Half Bowl

Plug

Chute

Pipe

Mogul

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Mal Drilling Program

Interpreted image of proposed drill holes over 3D-IP chargeability at 300m below topography. The image also shows the projected extension of the

half bowl model. CSD1300H capable of drilling to 1000m in

NQ is being mobilised to Mal 17

Exploration Summary Exploration Strategy

Focus is on advancing the Tekem Gold District for World Class epithermal gold and porphyry copper-gold deposits via an initial 5000m drilling program. Aggressively explore for World Class porphyry copper-gold-silver-molybdenum deposits at the Mal District. Define drilling targets at the Irak Porphyry Copper Prospect. Define drilling targets at the Giwi Porphyry Copper District. Establish road access to the Bismarck tenement by completing a track to Tekem (stage 1) and then to Irak and Mal (stage 2). Blue Sky: Additional geographic focus in PNG via Exploration Licence Applications

Achievements / Timeline Five short diamond drill holes have been completed to date and results from TKD 001 - 004 have been announced. TKD 005 are awaited. Drilling has commenced on hole 6 and 7 will follow. Hole TKD 008 will test the large conductivity anomaly to 400m. Mal drilling has commenced to test the compelling drill targets to a depth of ~800m with CSD1300H. Geophysical and geochemical programs were completed and excellent results announced. Geophysical and geochemical programs were completed and results are being complied. Landowner negotiations continue and stage 1 of the dozer track has commenced to Tekem. Two EL Applications in Milne Bay are pending ministerial granting. Mining Warden Hearings have been completed on New Britain Island applications.

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Tekem Exploration Camp Tekem Landowner Meeting

Road from Mt Hagen to Kompiam Mt Hagen Logistics Base 19

20 ~20 tonnes of equipment has been mobilised into Mal

QRL exploration geologist mapping trenches

QRL engages local landowners to undertake basic field work 20

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