Ann: Exceptional High-Grade Gold Results at Minos Prospect, page-2

RC drilling returns high-grade gold results from first 5 holes recently
completed at Minos Prospect – including assays up to 84g/t Au

 10 RC drill holes completed for 1,604m - significant results from first 5 holes include:
 19m @ 2.88 g/t Au from 78m in Hole LLRC020 including,
 1m @ 10.6 g/t Au from 92m; and
 5m @ 24.35 g/t Au from 106m including,
 2m @ 59 g/t Au from 106m (1m @ 84.0 g/t Au & 1 m @ 34.0 g/t Au); and
 22m @ 3.07 g/t Au from 125m including,
 1m @ 21.5 g/t Au from 137m and
 1m @ 23.0 g/t Au from 142m; and
 3m @ 18.33 g/t Au from 189m including,
 1m @ 42.1 g/t Au from 190m; and
 8m @ 4.79 g/t Au from 89m in Hole LLRC021 including,
 2m @ 13.9 g/t Au from 89m

 Results confirm high grades and depth extent of mineralisation – 9 of 10 holes ended in the mineralised
shear zone and the prospect appears to be open along strike and at depth

 Final assay receipts for remaining 5 holes from RC drilling expected within one week

 Minos is the first of several highly prospective targets within IDA’s portfolio to be drill tested as part of a
large-scale exploration programme