Ann: Exploration Update - Plumridge Nickel Project, page-2

The results of the drilling were very positive, in particular at the E1 Target where mafic rocks with a
favourable litho-geochemical signature (including low TiO2 and Zr) were intersected in drill hole PRC003
(Figure 3). The intersection of the mafic lithologies has confirmed the validity of recently acquired
gravity data to target for prospective nickel-copper bearing lithologies within the Fraser Range. Samples
from PRC003 are currently being assayed and a petrographic analysis completed.