QUARTERLY ACTIVITIES REPORT

MARCH 2008

HIGHLIGHTS

• Whinnen entered into a conditional agreement to

acquire 85% interest in Fongo Tongo Bauxite Project in Cameroon.

• Whinnen is conducting due diligence and an

exploration programme with the aim of converting previous works to JORC compliant status within 8 months.

• Optimisation study started to assess

infrastructure and all factors affecting project economics, including hydroelectric power, slurry pipeline and exporting bauxite.

• Follow up drill programme completed at Hinklers

Well and Peterson Uranium Prospects.

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FONGO TONGO BAUXITE CAMEROON As announced on the 17th April 2008, Whinnen Resources has entered into a conditional agreement to acquire 85% of the Fongo Tongo Bauxite Project in the Republic of Cameroon in Africa. The Fongo Tongo project is located 14 kms northwest of the major town of Dschang in western Cameroon. The project covers an area of 916km2 which is very well drained allowing year-round mining and exploration operations. Alcan International completed a feasibility study into mining the project in 1980, which was based on an initial mining target of 1Mt per year of washed bauxite, and a hydro-electric powered alumina refinery producing 400,000t of alumina per year capable of expanding to 1,200,000t of alumina per year. Under the agreement, Whinnen will acquire 85% of the Yekani Mining Company (Cameroon) S.A (Yekani) which is the holder of the Fongo Tongo Bauxite Project. The remaining ownership of Yekani will consist of 15% by Cameroonian interests. Exploration Licence (Permit de Recherché) number 028 was granted to Yekani in March 2006. If a mineable resource is outlined, Whinnen plans to convert the tenement to a mining or exploitation permit, in which the Cameroon Government will have up to a 10% shareholding. Subject to successful studies, Whinnen plans to sell bauxite from the Fongo Tongo Project to alumina refineries. There is growing demand for bauxite from alumina refineries in China, Russia, and the Middle East.

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UPCOMING ACTIVITIES Whinnen's priority during the June quarter is to conduct Due Diligence on the Fongo Tongo project. Activities will include:

1. Carrying out an exploration and drilling programme based upon a desktop review of the previous data and on-site review.

2. Seeking to convert any previous work to JORC compliant status, if possible. 3. Initiate an optimisation study to assess infrastructure and all factors affecting

project economics including hydroelectric power, transport and marketing of bauxite.

Figure 1 – Location of the Fongo Tongo Bauxite Project

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HINKLERS WELL URANIUM WA • Abercrombie calcrete channel drilled on a 100m by 100m grid • Best results of 0.7 metres @ 394 ppm eU3O8 • Disequilibrium studies commencing Hinklers Well is located 30kms south of Wiluna between U3O8’s Dawson Well Project and Toro Energy’s Centipede project. Whinnen is targeting a calcrete-hosted uranium deposit. A 244 drill-hole programme was planned for January 2008 which was completed on 26th January 2008. Two hundred and forty four holes were drilled in late January at 100m x 100m spacing over the Abercrombie calcrete channel. Each hole was subsequently surveyed using a downhole gamma probe and gamma results were converted into equivalent uranium. The preliminary results were presented as intercepts at cut off grades of 100, 200 and 300ppm eU3O8 with a minimum 20cm width. Whinnen is still waiting on results of Disequilibrium studies to verify the validity of the down-hole gamma method. Preliminary results from anomalous holes are presented in Appendix One at the end of this report.

Figure 2 - Drill hole location and Maximum eU3O8 downhole

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MURDERERS POOL Murderers Pool, in the Kimberley region of Western Australia hosts uranium anomalism in a basal sandstone unit, unconformably overlying Lower Proterozoic metamorphic rocks. At Murderers Pool the Sandstone unit of the O'Donnell Formation, unconformably overlies older metamorphic rocks and volcanics of the Whitewater Volcanics and Olympio Formation. Regionally, strongly uranium anomalous outcrop samples containing secondary uranium minerals on joints and fractures were discovered in the late 1960s at a well defined stratigraphic position. Whinnen is still awaiting the start of an airborne magnetic and radiometric survey planned over the Murders Pool Project Area. WHITE RING The White Ring project area covers an elongated syncline of Bangemall Basin sediments that lies unconformably over the granodioritic basement. Secondary uranium was discovered in carbonaceous sediments. The granodiorites which middle part of the project area remain largely unexplored. Given this geological environment provides anomalous uranium mineralisation there remains potential for this style of primary hydrothermal uranium mineralisation to occur at White Ring close to the unconformity. A field survey was carried out in late August. In 2008, further work will consist of ground spectrometry surveys. No work was carried out during the March quarter. PETERSON The prospect is located within the Eastern Goldfields Province of the Archaean Yilgarn Craton in a region of granitic rocks between the Mt Clifford greenstone belt to the east and Para gneisses of the Mt Ida belt 30km to the west. 60 drill holes were drilled in January 2008. No uranium mineralisation of any note was encountered. Whinnen is assessing its options with this project. For further information please contact:

William Witham, Managing Director, Whinnen Resources Limited: 08 9388 2967 Or James Moses, Director, Fortbridge Consulting, 04 2099 1574 Scientific or technical information in this news release has been prepared under the supervision of Mr William Witham BSC (Hons), a Director of the Company and a Member of the Australian Institute of Geoscientists. Mr Witham has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is 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” (the JORC Code). Mr Witham consents to the inclusion in this report of the Information, in the form and context in which it appears.

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Appendix One Preliminary results from anomalous holes - Hinklers Well Project

Hole

CutOff

Depth_from(m)

to(m)

Thickness(m)

Average_grade eU3O8(ppm)

Maximum(ppm)

eU3O8

HW0049 100 0.67 0.92 0.25 111.2 118 HW0052 100 0.25 1 0.75 118.4 149 HW0055 100 0.35 0.95 0.6 152.9 190 HW0055 150 0.45 0.8 0.35 176.4 190 HW0064 100 0.22 0.43 0.21 113.3 120 HW0069 100 0.28 0.73 0.45 126.9 145 HW0082 100 1.77 2.62 0.85 107.9 115 HW0082 100 3.32 3.77 0.45 115 128 HW0083 100 2.86 3.86 1 153.2 172 HW0083 150 3.01 3.71 0.7 163.4 172 HW0084 100 1.95 2.6 0.65 163.5 219 HW0084 150 2.1 2.5 0.4 189.4 219 HW0090 100 1.95 2.65 0.7 230.1 333 HW0090 150 2.05 2.6 0.55 260.5 333 HW0090 200 2.15 2.55 0.4 292 333 HW0090 250 2.2 2.5 0.3 310.2 333 HW0093 100 3.13 3.48 0.35 116 128 HW0094 100 3.72 4.02 0.3 121 131 HW0101 100 2.63 2.93 0.3 116.8 126 HW0102 100 3.12 3.42 0.3 113.2 124 HW0104 100 3.6 4.15 0.55 130.2 159 HW0104 100 4.5 4.9 0.4 109.6 117 HW0107 100 2.26 2.76 0.5 158.8 206 HW0107 150 2.41 2.71 0.3 183.8 206 HW0108 100 2.21 2.66 0.45 134.4 162 HW0114 100 2.78 3.73 0.95 128.8 157 HW0116 100 3.23 3.83 0.6 119.9 133 HW0127 100 3.02 3.67 0.65 154.9 220 HW0127 150 3.32 3.62 0.3 192.7 220 HW0128 100 2.71 3.22 0.51 126.9 156 HW0133 100 2.56 3.02 0.46 131.1 147 HW0134 100 3.06 3.26 0.2 102.8 105 HW0136 100 3.8 4.25 0.45 127 140 HW0149 100 0.72 1.78 1.06 319.5 540 HW0149 100 3.63 3.93 0.3 112 120 HW0149 150 0.77 1.73 0.96 340.1 540 HW0149 200 0.87 1.68 0.81 372 540 HW0149 250 0.92 1.63 0.71 394.2 540 HW0150 100 3.86 4.56 0.7 141.1 184 HW0150 150 4.01 4.26 0.25 171.4 184 HW0151 100 3.63 4.08 0.45 133.4 159 HW0155 100 2.68 3.23 0.55 125.7 145 HW0158 100 4.14 4.39 0.25 114 123 HW0159 100 3.45 3.95 0.5 129 158 HW0166 100 3.38 3.68 0.3 130.2 150 HW0167 100 2.53 2.73 0.2 104.3 107 HW0169 100 2.74 2.94 0.2 105 107 HW0171 100 2.75 3.2 0.45 122.4 136 HW0175 100 2.85 3.15 0.3 136.2 156

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Hole

CutOff

Depth_from(m)

to(m)

Thickness(m)

Average_grade eU3O8(ppm)

Maximum(ppm)

eU3O8

HW0176 100 3.09 3.74 0.65 110.5 117 HW0178 100 2.99 3.24 0.25 106 110 HW0178 100 3.39 3.64 0.25 109.6 115 HW0185 100 2.84 3.64 0.8 141.2 196 HW0185 150 3.24 3.54 0.3 177.7 196 HW0186 100 3.07 3.72 0.65 159.5 193 HW0186 150 3.17 3.57 0.4 178.4 193 HW0187 100 3.29 3.79 0.5 133.9 155 HW0188 100 1.22 1.62 0.4 154.6 209 HW0188 150 1.32 1.57 0.25 181.2 209 HW0191 100 2.54 2.84 0.3 118.7 131 HW0193 100 3.29 3.74 0.45 134.4 160 HW0194 100 3.17 4.02 0.85 121.8 157 HW0195 100 2.77 3.22 0.45 127.9 149 HW0199 100 3.66 4.11 0.45 127 149 HW0201 100 3.26 4.06 0.8 122 144 HW0202 100 2.88 3.68 0.8 110.2 120 HW0203 100 1.36 2.21 0.85 224.6 345 HW0203 150 1.56 2.16 0.6 269.3 345 HW0203 200 1.61 2.11 0.5 289.3 345 HW0203 250 1.66 2.06 0.4 307.1 345 HW0207 100 2.57 3.08 0.51 122.3 139 HW0208 100 2.88 3.23 0.35 120.3 135 HW0209 100 3.32 3.72 0.4 127.4 138 HW0210 100 3.59 4.44 0.85 131.8 141 HW0211 100 4.22 4.52 0.3 124 135 HW0212 100 4.06 4.36 0.3 119.8 134 HW0214 100 3.69 4.14 0.45 128.7 149 HW0216 100 3.23 3.63 0.4 143.8 170 HW0216 150 3.33 3.53 0.2 163.5 170 HW0217 100 2.51 3.21 0.7 132 163 HW0218 100 3.02 3.52 0.5 122.2 148 HW0219 100 3 3.4 0.4 117.3 128 HW0220 100 3.04 3.44 0.4 117.3 128 HW0230 100 0.96 1.47 0.51 215.3 278 HW0230 150 1.02 1.42 0.4 236.6 278 HW0230 200 1.07 1.37 0.3 255 278 HW0233 100 0.68 1.78 1.1 223 332 HW0233 100 3.24 3.59 0.35 124.6 145 HW0233 150 0.88 1.73 0.85 253.3 332 HW0233 200 1.03 1.63 0.6 285.8 332 HW0233 250 1.13 1.58 0.45 303.8 332 HW0234 100 2.8 3.36 0.56 148.4 179 HW0234 150 3.01 3.26 0.25 171.6 179 HW0235 100 1.62 1.87 0.25 108.6 115 HW0235 100 3.08 4.13 1.05 178 224 HW0235 150 3.13 4.03 0.9 188.3 224 HW0235 200 3.63 3.88 0.25 214.6 224 HW0236 100 2.52 4.03 1.51 143.1 190 HW0236 150 3.33 3.93 0.6 174.1 190 HW0237 100 0.42 1.27 0.85 112.6 119 HW0237 100 3.08 3.33 0.25 118.4 129 HW0238 100 2.43 2.78 0.35 130.4 153

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