Carube Resources Inc.

FOR IMMEDIATE RELEASE

PRESS RELEASE 2012-07

JAMAICA DRILL PROGRAM EXPANDS CAMEL HILL PORPHYRY,

IDENTIFIES NEW HIGH GRADE ZONE AT BELLAS GATE COPPER PROJECT

Drill Hole CH12-07 returns 0.27% Cu over 207m

OTTAWA, ONTARIO, December 4th, 2012. Carube Resources Inc (Carube) is pleased to announce the

final results from its 3563 metre drill program at the 100% owned Bellas Gate project in Jamaica, West

Indies. Assays have been received from all 2600 core samples from seven holes drilled over the Camel

Hill porphyry target and from sixteen holes drilled over “Structurally-controlled vein” targets in the

Stamford Hill – Congo Hill Corridor.

Camel Hill Porphyry

A total of 7 NQ sized core holes were drilled on the previously explored Camel Hill Porphyry (CHP). The

objective of this program was to extend the CHP deposit and its mineralized envelope to better define and

understand the alteration and mineralization. Hole CH12-01 has extended the CHP approximately 50m

east of its former extent over a vertical depth of 125m (see PR 2012-06). HolesCH12-02, CH12-03, CH12-

04, CH12-06 and CH12-07 have also increased the limits of the mineralization surrounding the known

deposit. The results from CH12-07 strongly indicate that mineralization may exist further to the northwest

towards the MAB and GEO Hill porphyry zones. Highlights of the Camel Hill drilling are summarized

below:

Zone Hole ID From_m To_m Length_m Cu_% Cu_ppm Au_ppb Ag_ppm

Camel Hill CH12-01 0 170 170 0.32 3249

including 51 170 120 0.39 3936

CH12-01 49 168 119

144

CH12-01 65 170 105 1.3

Camel Hill CH12-02 12 24 12 0.24 2351

CH12-02 141 154 13 0.22 2226

CH12-02 260 275 15 0.22 2174

CH12-02 260 265 5

136

CH12-02 271 275 4 1.6

Camel Hill CH12-03 20 30 10 0.23 2264

CH12-03 99 105 6 0.25 2546

2.0

CH12-03 124 134 10 0.21 2094

Camel Hill CH12-04 1 16 15 0.17 1731 48 0.9

CH12-04 33 46 13 0.17 1717 63 0.5

CH12-04 55 62 7 0.17 1731 53

Camel Hill CH12-06 20 34 14 0.21 2052 44

CH12-06 86 95 9 0.19 1853 85

Camel Hill CH12-07 47 254 207 0.27 2658 147 0.5

including 86 95 9 0.36 3621 80 0.9

and 148 168 20 0.31 3120 220 0.6

and 192 206 14 0.46 4566 346 0.5

and 214 230 16 0.40 3968 301 0.8

Hole CH12-07 was drilled at the northwest known limit of the deposit and intersected copper

mineralization from the top to the bottom of the hole at 300m. Some of the best mineralization occurred at

the interval between 192m and 206m with 0.46% copper and 0.35g Au/t.

The copper values in drill core were associated with visible chalcopyrite, chalcocite and neotocite

contained within magnetite-rich, silicified, sulphidized, altered and brecciated andesite volcanics. In the

holes where the granodiorite was intersected underlying the volcanics, it showed signs of weak magnetite

alteration and assays returned background values around or slightly below 0.1% Cu. It is believed that the

mineralization is associated with porphyry style multiphase intrusive and fluid episodes with a high

magnetite component. Future exploration will utilize the magnetic properties of the mineralization to

target new areas of investigation. Of interest is the fact that a number of intersections within the copper

mineralized zone returned up to 600ppm molybdenum. The model for future exploration at Camel Hill

and along the Camel Hill - Mab Hill - Geo Hill porphyry trend will be based on a combination of the Cadia

Copper Porphyry Deposit in NSW Australia and the Candelaria IOCG deposit in Chile.

The Camel Hill Porphyry has a historic inferred resource of 13.2Mt at 0.35%Cu and 0.17g Au/t (using a

0.2% Cu cut-off).

Structurally-Controlled Vein Targets (SCTs)

Most of the results from the SCTs were reported in PR2012-06 and only the highlights of results received

to date are reported here:

Zone Hole ID From_m To_m Length_m Cu_% Cu_ppm Au_ppb Ag_ppm

Dry Hill DRH001 19 23 4 1.33 13325 5 1.6

Dry Hill DRH002 13 18 5 1.56 15608 0 1.6

Dry Hill DRH003 20 24 4 1.26 12598 10 1.1

Stamford Hill SFH001 102 109 7 0.23 2321 4 0.8

High Stone Hill HSH003 11 39 28 0.21 2101 20 2.0

Bordeaux Hill BH12-02 150 151 1 0.06 585 26 6.4

DRY HILL TARGET

Drill holes DRH001, DRH002 and DRH003 tested a copper in soil anomaly (values up to 2420ppm

copper) and two trenches, one which yielded 0.69% Cu over 13m, including 1.37% Cu over 4m , and the

second which yielded 0.42% Cu over 45m , including 0.64% % over 18m. All three holes intersected sub

surface high grade copper zones associated with malachite, neotocite and minor chalcopyrite. Hole

DRH002 intersected 1.56% copper over 5m. The zone follows a northwest trending structure that may be

related to the Charing Cross mineralized target.

STAMFORD HILL TARGET

Drill holes SFH001 to SFH007 were drilled at the Stamford Hill target, which was the copper rich zone

developed and mined at the Stamford Mine in the early to mid 1800s. SFH001 intersected what is believed

to be the up-dip continuation of the mined vein. The 7m interval included a 3m section of 0.39% Cu. The

copper rich zone in hole SFH001 was enriched in rhodochrosite, calcite, pyrite and was moderately

silicified. Note: Holes SFH005, 006 and 007 encountered faulted ground and were abandoned before the

target was reached.

HIGH STONE HILL TARGET

Three holes were drilled to investigate the High Stone Hill soil and trench anomaly. Copper in soil values

were up to 1%with similar anomalous values in trench samples. (See Press Release April 5, 2012) Hole

HSH003 was drilled parallel to Trench HSH1 and returned 28m of 0.21% copper. It is believed that the

High Stone Hill anomaly is associated with numerous malachite rich fractures that are related to a deeper

copper sulphide rich source.

BORDEAUX HILL TARGET

Three holes were drilled at Bordeaux Hill to investigate a broad gold, silver and copper anomaly. A trench

nearby indicated gold values up to 2.21 g Au/t over 3.0m. Drill results indicated elevated values of silver

only. It is thought that the higher grade structure that created the anomalous values in the trench and soil

samples may be dipping to the east and away from the direction of this phase of drilling.

Deeper drilling will be required to determine whether these structurally controlled targets rich in copper

continue through to depth or whether they are associated with a copper porphyry system. All localities lie

along a broad NW-trending copper soil anomaly that eventually merges into a NW trending alteration zone.

Both the soil anomaly and the alteration zone lie along or adjacent to the Camel Hill Porphyry deposit. The

high priority Charing Cross and High Stone Hill South targets, yet to be drilled, may add some light to the

nature of emplacement and grades at depth of these structurally controlled targets At this time, the model

for future exploration on the SCTs will be the Magma Mine in Arizona, a high grade copper mine that was

discover in the late 1800s and mined through to 1995. The Magma Mine is situated along the periphery of

Rio Tinto and BHP's massive Resolution Copper project with over 1.6 billion tonnes of 1.5% copper,

making it the 3 largest undeveloped copper resource in the world.

Summary:

The CHP mineralization has been better defined and analyzed and the CHP mineralization envelope has

been increased in size as a result of this phase of drilling. The recognition of the style of mineralization

and the high magnetite in the copper rich zones will help drive future exploration and targeting, especially

along the Camel Hill - MAB Hill - GEO Hill corridor.(see inset figure in Schedule A) A property wide

airborne magnetic and radiometric survey is planned to help identify and prioritize the next phase of

exploration over the complete Bellas Gate Project.

The success of drilling at the SCT's, indicates that the soil sampling and trenching programs can define drill

ready targets. This, coupled with airborne and ground geophysics will ensure that the best targets will be

followed up in the next phase of exploration at Bellas Gate. The high priority drill targets at Charing Cross

and High Stone Hill South, yet to be drilled, may provide further evidence as to the genesis, extent and

grade of these structurally controlled vein systems.

This Press release has been prepared by Mr. Jeff Ackert, V.P. Exploration and reviewed and approved by

Dr. V. N. Rampton, P. Eng., in his capacity as a qualified person as defined under NI 43-101 standards.

Sample Preparation, Analysis and Quality Control: Drill core (NQ) was stored at a secure compound at

Bellas Gate where it was subsequently examined ; those sections deemed to have potential for copper

mineralization were then sawed in half and the split from 1m± intervals ,which weighed approximately 2kg

,was bagged individually. A duplicate sample was prepared for analysis for every 10 samples. Five to ten

samples were then packaged in rice bags and boxed for shipping by bonded courier to Activation

Laboratories Ltd (Actlabs) in Ancaster, Ontario. At Actlabs the samples were crushed with up to 90%

passing 2mm, 250g was then split and pulverized to 95% passing 105 micron. Actlab’s IH (Au+49)

procedure was employed with INAA used to determine Au, As, Sb, Ba, Br, Ce, Co, Cr, Cs, Eu, Fe, Hf, Hg,

Ir, La, Lu, Na, Nd, Rb, Sc, Se, Sm, Sn, Ta, Th, Tb, U, W and Yb contents. The remainder of the elements

– Ag, Al, B, Be, Bi, Ca, Cd, Cu, Hf, K, Li, Mg, Mn, Mo, Ni, P, Pb, S, Sr, Ti, Y and Zn – has their values

determined by ICP following aqua regia digestion.

Actlabs is a fully accredited laboratory to ISO 17025 and CAN-P-1579 and NELAP standards. A number

of Certified Reference Material standards and carbonate sand blanks are inserted into the sequence of

samples to be analyzed. Splits and duplicates are also systematically analyzed for quality control.

Approximately 20% of the samples submitted for analysis are for quality control.

About Carube Resources Inc.: Carube is a private company focussed on the rapid development of

precious metal and copper projects in eastern Canada and the Caribbean. Its wholly owned subsidiary,

Carube Resources Jamaica Ltd. (CRJL), owns a 100% interest in two highly prospective copper/gold/silver

licenses covering 85 km2 of the Central Inlier in Jamaica. The interest is subject to a series of staged

payments, share issuances and exploration commitments over a four year period beginning March, 2011. It

also owns a 100% interest in Rodinia Jamaica Limited, which controls 4 additional licences covering a total

of 176 square kilometres located mainly on three of Jamaica’s highly prospective Cretaceous Inliers. In

addition it has an option to earn a 100% interest on the highly prospective 23 km2 Fiedmont platinum and

palladium project north of Val d’Or, Quebec. It currently has 23.5M common shares outstanding.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management

at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause

actual events or results to differ materially from those projected. Carube undertakes no obligation to update forward-looking

statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue

reliance on forward-looking statements.

For additional information contact:

Darrell Munro, BB.A, LL.B, Corporate Administration

E-mail: dmunro@caruberesources.com

Tel: (613) 836-0198

Vern Rampton, Ph.D., P. Eng, President and CEO

E-mail: vrampton@rogers.com

Tel.: (613) 836-2594

Jeff Ackert, BSc. (Geol), VP-Exploration

jackert@caruberesources.com

Tel.: (613) 836-2594

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