Ann: Mount York Exploration Update, page-2

These grades could be better than Hemi!

ASX ANNOUNCEMENT 23 November 2021 Further high-grade gold zones intersected at Mt York

Latest assay results define a thick zone of shallow gold mineralisation at the eastern end of the historical Breccia Hill pit highlighting significant growth potential at Mt York

Highlights

• Further significant assay results received from Reverse Circulation (RC) drilling at the 873,500oz Mt York Gold Project in the Pilbara Region of WA.

• Latest results have identified new high-grade lodes and thick shallow gold mineralisation in areas with minimal drilling. Best new intercepts include:

• •

• •

20m @ 1.58g/t Au from 28m in KMYC141, including: o 4m @ 4.42g/t Au from 44m.

12m @ 1.73g/t Au from 132m in KMYC142, including: o 4m @ 2.89g/t Au from 136m.

4m @ 3.38g/t Au from 68m in KMYC140. 4m @ 2.51g/t Au from 96m in KMYC139.

• Thick zone of shallow mineralisation intersected at the eastern end of the Breccia Hill pit, with assays of up to 4.42g/t Au.

• Assay results pending for 28 drill holes, with several single-metre samples already in the laboratory awaiting analysis.

• Mining studies advancing and diamond drilling program planned for early next year.

• RC drilling program now completed for the year at the 873,500oz Mt York Gold Project with a

  total of 95 holes drilled for 14,988m.

  Kairos' Executive Chairman, Terry Topping, said: "I would firstly like to congratulate our team on the successful completion of our 2021 drilling program at Mt York ahead of the onset of the northern wet season. We have been able to drill 95 holes for a total of just under 15,000m – a fantastic result which is testament to the dedication and hard work of our exploration field team. To all of them and the drillers who have supported us this year, a big thank-you.

  "These latest results have built on our announcement of September, where we reported some exceptional results from ‘The Gap’ zone between the Main Hill and Breccia Hill pits. The latest results include a thick zone of shallow gold mineralisation at the eastern end of the Breccia Hill pit and some deeper extensions of previously intersected mineralisation, that we were able to target using a specialised track-mounted rig.

  “We still have assay results pending for 28 holes, which should come through over the coming weeks and into early 2022. In addition, we are about to commence the previously announced follow-up in-fill drill air-core program at the Kangan Project. This will follow up the encouraging shallow gold results we reported recently and test some of the recently identified pegmatite targets, which have the potential for lithium mineralisation. With these and other programs in full swing, we expect to maintain a strong level of news-flow through into the New Year.”

ASX ANNOUNCEMENT 23 November 2021 Further high-grade gold zones intersected at Mt YorkLatest assay results define a thick zone of shallow gold mineralisation at the eastern end of the historical Breccia Hill pit highlighting significant growth potential at Mt YorkHighlightsFurther significant assay results received from Reverse Circulation (RC) drilling at the 873,500oz Mt York Gold Project in the Pilbara Region of WA.Latest results have identified new high-grade lodes and thick shallow gold mineralisation in areas with minimal drilling. Best new intercepts include:• •• •20m @ 1.58g/t Au from 28m in KMYC141, including: o 4m @ 4.42g/t Au from 44m.12m @ 1.73g/t Au from 132m in KMYC142, including: o 4m @ 2.89g/t Au from 136m.4m @ 3.38g/t Au from 68m in KMYC140. 4m @ 2.51g/t Au from 96m in KMYC139. Thick zone of shallow mineralisation intersected at the eastern end of the Breccia Hill pit, with assays of up to 4.42g/t Au.Assay results pending for 28 drill holes, with several single-metre samples already in the laboratory awaiting analysis.Mining studies advancing and diamond drilling program planned for early next year.RC drilling program now completed for the year at the 873,500oz Mt York Gold Project with atotal of 95 holes drilled for 14,988m.Kairos' Executive Chairman, Terry Topping, said: "I would firstly like to congratulate our team on the successful completion of our 2021 drilling program at Mt York ahead of the onset of the northern wet season. We have been able to drill 95 holes for a total of just under 15,000m – a fantastic result which is testament to the dedication and hard work of our exploration field team. To all of them and the drillers who have supported us this year, a big thank-you."These latest results have built on our announcement of September, where we reported some exceptional results from ‘The Gap’ zone between the Main Hill and Breccia Hill pits. The latest results include a thick zone of shallow gold mineralisation at the eastern end of the Breccia Hill pit and some deeper extensions of previously intersected mineralisation, that we were able to target using a specialised track-mounted rig.“We still have assay results pending for 28 holes, which should come through over the coming weeks and into early 2022. In addition, we are about to commence the previously announced follow-up in-fill drill air-core program at the Kangan Project. This will follow up the encouraging shallow gold results we reported recently and test some of the recently identified pegmatite targets, which have the potential for lithium mineralisation. With these and other programs in full swing, we expect to maintain a strong level of news-flow through into the New Year.”

Well done TT and crew!