SOUTHERN NIGHTS RETURNS FURTHER HIGH-GRADE INTERCEPTS

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SOUTHERN NIGHTS RETURNS FURTHER HIGH-GRADE INTERCEPTS; RAB DRILLING EXTENDS PROSPECTIVE STRIKE TO ~2.7KM • New important zinc-lead-silver intercepts returned, with assay results including: o 8m @ 15.26% Zn, 7.44% Pb, 177 g/t Ag, 0.97 g/t Au from 195m in WTRCDD043; further assays pending • WTRCDD033 diamond tail returns spectacular zinc-lead-silver intercept from ~218m to ~245m downhole; assays pending • RAB drilling extends strike of lead-zinc anomalism to ~2.7km strike open in all directions • Expanded drilling programme to resume early January 2018 Peel Mining (ASXEX) (“Peel” or the “Company”) is pleased to report that its 100%-owned Wagga Tank-Southern Nights project, south of Cobar in western New South Wales, continues to demonstrate the potential to develop into a major mineral system, with further high-grade zinc-lead-silver intercepts returned from the Southern Nights prospect and RAB drilling extending the strike length of lead-zinc geochemical anomalism in the project area to ~2.7km (open in all directions). While most assays from the most recent round of drilling are yet to be received, an intercept of 8m at 15.26% Zn, 7.44% Pb, 177 g/t Ag and 0.97 g/t Au from 195m was returned from hole WTRCDD043, providing further compelling evidence of the high-grade tenor of mineralisation at Southern Nights. Furthermore, a diamond tail extension to hole WTRCDD033 intersected spectacular massive sphalerite-galena-pyrite sulphide mineralisation, similar to that encountered in WTRCDD035, from ~218m to ~245m downhole. Assays from this hole are expected early in the New Year.