Voyager: RESPONSE TO ASX PRICE AND VOLUME QUERY

July 23, Voyager Resources Limited (ASX:VOR) --

We refer to the Price and Volume query issued by the Australian Securities Exchange on Monday 23 July 2012 and comment as follows:

1. Voyager Resources Limited (the Company) is not aware of any information that has not been announced that would explain the trading in the securities of the Company.

2. Not Applicable

3. No.

4. The Company confirms that in its opinion it is, and has been at all times, in compliance with listing rule 3.1.

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