Ann: Blackstone Intersects over 1.0% Cobalt at Little Gem, page-2

Blackstone has received assays from the first three drill holes (LGD17- 001R, LGD18-001 & LGD18-002) of the Company’s maiden drilling program at the very high grade Little Gem Cobalt-Gold Project;

 Significant results to date from the maiden drilling program at Little Gem include (Refer Figures One and Two):

LGD17-001R 1.1 m @ 3.0% cobalt and 44 g/t gold; within 4.3 m @ 1.0% cobalt and 15 g/t gold. (Refer ASX Announcement 9 January 2018 for full set of results)

LGD18-002 1.0 m @ 1.2% cobalt and 5 g/t gold; within 3.2 m @ 0.8% cobalt and 4 g/t gold.

 Blackstone has consistently intersected a significantly larger alteration zone than previously interpreted, highlighting potential for a major hydrothermal system at Little Gem;

 Blackstone has initiated a geophysical survey to test for further high grade Cobalt-Gold prospects within the +1.8km strike target zone at Little Gem and the nearby (serpentinite/granodiorite) contact zone at the Jewel prospect, both of which are analogous to the world class Bou-Azzer primary Cobalt district in Morocco;

 Little Gem is favourably located less than 15 km along strike from the Bralorne-Pioneer mining complex (endowment of 4.4 Moz at 17 g/t Au) (Refer Figure Three).