BURBANKS PROJECTHIGH?GRADE GOLD INTERSECTIONS FROM FIRST PASS AIRCORE DRILLING ON NEW KANGAROO HILLS LEASESHighlights

? Best results include 3 metres @ 22.90g/t (from surface), 2 metres @

12.79g/t, 1 metre @ 5.91g/t and 1 metre @ 4.95g/t gold

? 68 aircore drill holes tested approximately 800 metres strike of highly prospective geology, structure and high?grade historical mine workings

? The drilling supports recent high grade surface rock chip samples (see ASX

announcement dated 15 March 2011)

Barra Resources Limited (ASX Code: BAR) is pleased to announce preliminary results of first pass aircore drilling on the new Kangaroo Hills Prospect at its Burbanks Gold Project, 8 kilometres south of Coolgardie, Western Australia.

The aircore drill program was designed to follow?up on highly encouraging reconnaissance rock?chip samples collected earlier in the year by testing a line of historical high?grade mine workings over a strike of approximately 800 metres (Figure 1, Table 2).

The objectives of the program were to target shallow oxide gold mineralisation and identify zones of interest for second phase follow?up RC drilling.

A total of 68 aircore holes for 1,144 metres were drilled at approximate 10 metre spacings on both the footwall and hangingwall sides to the workings where drill access was possible (Figure 2). All holes were drilled at minus 60 degrees in various orientations perpendicular to the line of workings and open stoping. It is pertinent to note over 40% of the holes were less than 10 metres due to fresh rock being close to the surface and impenetrable by the aircore rig.

Three main areas were tested with significant intersections returned from all areas (Figure 2). Area 1 (KHAC001?039) tested the historical Glenloth South, Ivan and McPherson?s Reward workings with a best result of 3 metres grading 22.90 g/t gold from surface in hole KHAC037.

Drilling at Area 2 (KHAC040?045) returned two 1 metre intersections of 1.11 g/t and 2.23g/t gold. The results are on the same structural trend (Burbanks Shear) as Pipeline and Trumpeter, 450 metres to the south.

Barra Resources Limited (ABN 86 093 396 859)

Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955

At the northern end of the leases (Area 3) drillholes KHAC046?068 tested the historical Ivanhoe and Burbanks Ivanhoe mine workings with best results to including 1 metre grading 5.91 g/t Au (KHAC055) and 2 metres grading 12.79 g/t Au (KHAC056).

The program confirmed the presence of gold mineralisation associated with quartz veining in sheared diorite in a geological and structural setting identical to the Company?s Burbanks underground mining operation, about 3 kilometres to the south.

All statutory requirements for follow?up RC drilling have been approved.

Exploration at the Company?s Burbanks and Phillips Find Gold projects is planned to continue concurrently with the resumption of underground mine development at Burbanks which is being undertaken under a Tribute Mining Agreement with FMR investments Pty Ltd.

Gary Berrell Executive Chairman Barra Resources Limited

The information in this report which relates to Exploration Results is based on information compiled by Gary Harvey who is a Member of the Australian Institute of Geoscientists and a full?time employee of Barra Resources Ltd. Gary Harvey has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2005 Edition of the ?Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves?. Gary Harvey consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

It should not be assumed that the reported Exploration Results will result, with further exploration, in the definition of a Mineral Resource.

Barra Resources Limited (ABN 86 093 396 859)

Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955

Figure 1: Location plan of Kangaroo Hills prospect area

Barra Resources Limited (ABN 86 093 396 859)

Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955

Figure 2: Drillhole location plan showing significant intersection

Barra Resources Limited (ABN 86 093 396 859)

Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955

Table 1: Summary of significant intersections (>= 1g/t Au).

Hole

Easting

Northing

Hole

Depth

Dip/Azim

From

To

Drill

Width

Au

(g/t)

Comments

KHAC006

323404

6567983

20

?60/068

15

16

1

1.06

KHAC010

323391

6567963

14

?60/135

12

13

1

1.12

11?12m Stope

KHAC011

323390

6567961

17

?60/180

15

16

1

1.88

KHAC012

323377

6567947

6

?60/131

3

4

1

4.95

KHAC015

323352

6567943

18

?60/124

2

3

1

1.07

Hole tested

structure in basalt parallel to mine workings

14

18

4

1.38

EOH

KHAC037

323499

6568077

5

?60/313

0

3

3

22.9

KHAC038

323504

6568073

13

?60/305

3

4

1

2.74

KHAC041

323622

6568100

14

?60/304

8

9

1

1.11

KHAC045

323643

6568124

12

?60/302

6

7

1

2.23

KHAC047

323704

6568283

32

?60/104

27

28

1

2.81

KHAC052

323725

6568328

36

?60/107

34

35

1

2.19

KHAC055

323771

6568378

40

?60/300

1

2

1

2.77

31

38

7

1.2

incl.

31

34

3

0.7

and

37

38

1

5.91

KHAC056

323775

6568392

39

?60/301

25

27

2

12.79

KHAC058

323786

6568421

40

?60/310

37

38

1

1.66

KHAC063?

068

Assays pending

1. Easting/Northing area GDA94, MGA Zone 51 co?ordinates

2. Hole Depth/From/To are measured in metres

3. Dip/Azim are in degrees magnetic

4. Holes KHAC001?004, 019 and 020 were drilled using aircore hammer and failed to penetrate

through basalt due to fresh rock from surface.

5. Holes KHAC005?068 were drilled to blade refusal using aircore blade.

6. Au (grams per tonne) assays were sent to Bureau Veritas ? Kalassay Laboratory and analysed

using Aqua Regia digestion and ICM?MS analysis technique.

7. All samples were collected as 1m riffle split samples.

Table 2: Historical production from workings within the Kangaroo Hills leases. (*Production records according to Department of Mines and Petroleum WA records)

Site Name

Production*

Year

Ivanhoe North

83t @ 14.71g/t Au

1913?1914

Burbanks Ivanhoe

232t @ 15.69g/t Au

1898?1900

Ivanhoe

205t @ 14.90g/t Au

1973?1975

Ivanhoe Burbanks

3,577t @ 20.19g/t Au

1909?1920

Ivan

178t @ 38.60g/t Au

1935?1935

Glenloth South

378t @ 38.37g/t Au

1851?1898

McPherson?s Reward

1,657t @ 30.97g/t Au

1897?1899

Barra Resources Limited (ABN 86 093 396 859)

Ground Floor, 30 Richardson Street, West Perth, Western Australia 6005

Telephone: (08) 9481 3911 Facsimile: (08) 9481 3955