Ann: Exploration Update-GBX.AX, page-2

Exploration Update
GB Energy Ltd (ASX: GBX) is pleased to provide the following update on our exploration activities. Following a detailed geological targeting study, GBX has lodged three exploration licence applications with the West Australian Department of Minerals and Petroleum.

Two of the applications are in the Kimberley region of Western Australia and target copper, uranium, chromium and platinum group elements. The third application is in the Pilbara and targets uranium mineralisation immediately north of the Kintyre uranium deposit.

All three exploration licences are applications only and there is no guarantee the tenements will be granted