ASX/Media Announcement

10 January 2017

Drilling Commences at Paguanta

Golden Rim Resources Ltd (ASX: GMR, Golden Rim, Company) today announced that it had commenced its drilling program at the Company's 70% owned Paguanta zinc-silver-lead project in Chile.

The planned drilling program at the Patricia Prospect includes seven HQ diamond drill holes for 2,900m and 16 reverse circulation (RC) holes drill holes for 3,500m (Figure 1).

The diamond drilling has commenced first and is expected to take 2.5 months to complete. The diamond drill holes are designed to infill and to test for depth extensions to the current Mineral Resource1 area at Patricia.

Following completion of the diamond drilling, the RC drilling program will commence (anticipated for mid- March 2017) which is expected to take 1.5 months to complete. The RC drill program is designed to test for strike extensions to the existing mineralisation at Patricia to the ESE and to test for new veins to the south.

With continuous drilling expected over the next 4 months, the Company anticipates a regular flow of news and looks forward to updating the market with drilling results as they come to hand.

-ENDS-

For further information, please contact:

Hayley Butcher

Golden Rim Resources Ltd Company Secretary

+61 0409 880 009

1 Details of the Mineral Resource were previously announced by Golden Rim on 10 May 2016 "Golden Rim to Acquire Advanced Silver-Lead-Zinc-Copper Project in Chile"

Golden Rim Resources Ltd I ABN 39 006 710 774 I Office 7, Level 2, 609 Canterbury Road, Surrey Hills, VIC 3127, Australia

www.goldenrim.com.au I info@goldenrim.com.au I T + 61 3 9836 4146

Figure 1. Plan showing the mapped zinc-silver-lead veins at Patricia and the location of Golden Rim's proposed diamond and RC drill holes.

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Further Company Information

E: info@goldenrim.com.au W:goldenrim.com.au

Capital Structure:

Issued Shares: 1,787,820,000

Unlisted Options: 126,032,500

Share Registry:

Link Market Services Limited Central Park Level 4

152 St Georges Terrace Perth WA 6000

Telephone: (+61) 1300 554 474

Fax: 02 9287 0303

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Golden Rim Resources Ltd. published this content on 10 January 2017 and is solely responsible for the information contained herein.
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