Ann: Godolphin Bolsters Team with New Managing Director, page-33

Amigos, I'm not blaming the new MD for the situation. The previous CEO has gone back to WA and my interpretation is that he is working on prospects in WA with another company. The new MD came in to her position after the geophysics and Drill #3 and #4 had been completed. It was her job to give the mediocre news in the quarterly. That clears the deck. Less than a month ago she announced a "reinvigoration" of the exploration (see copy of highlights below). At Lewis Ponds GRL will hit the low hanging fruit - the shallow RC drilling of the newly discovered Quarry Lode. It will be cheap and it should give good results and substantially expand the resoruce. Also, at Gundagai: "All four prospects will be drill tested in August/September 2021 with a drilling contractor secured and sites prepared for the 11 hole RC program.". And GRL is doing some back-to-basics exploration at Copper Hill East - that's better than expensive deep diamond drilling without a clear target. And, GRL will be systemmatically exploring across all of its 15 tenements in the Lachland Fold Belt. This work is much needed for a young company. IMO, the short term lack of news will last perhaps 2 more months, then we should start to hear from GRL about the results of the new MD's program. Unfortunately the shareprice may wallow during that period, but IMO it will recover strongly once the results start to flow.

DETAILED REGIONAL EXPLORATION COMMENCED LEWIS PONDS DRILLING CAMPAIGN IMMINENT
Follow-up RC drill program will commence 20 July, testing the Lewis Ponds Quarry Lodes for near surface mineralisation, notably gold
• Reinvigorated exploration on east Lachlan Fold Belt tenement package commences, through comprehensive compilation of historic data
• Copper Hill East trace element geochemistry study to assist with follow-up drill designs at the Turrawonga Prospect, by defining priority targets
• New Orange exploration team in place; for systematic mapping, rock chip and soil sampling across 15, 100% owned GRL tenements covering 3,200km2 within the highly prospective Lachlan Fold Belt (“LFB”)