65 to 96c PT Edison Report, page-2

Edison Investment Research - Initiation of Coverage Valuation / target of AUD $0.65 - 0.96 / share

Dear Investors & Colleagues, We are pleased to confirm that Edison Investment Research has initiated coverage of Barton Gold with a price target of AUD $0.65 - 0.96 / share. This follows Tunkillia's JORC Resources upgrade to 1.5Moz Au during March, an initial Scoping Study outlining acompetitive ~130kozpa Au operation during July, and our most recent new high-grade discovery at Tarcoola's Tolmer prospect during August. A copy of this research report can be found on the Company's websitehere. We are currently waiting assays for follow up drilling in the Perseverance Mine where we recently confirmed a~20,000oz @ ~2 g/t Au JORC Resourcein the pit floor. In parallel, we are preparing large-scale regional exploration programs to start shortly, and undertaking further analyses for an optimised Tunkillia Scoping Study. We look forward to sharing further updates in due course. Regards, Alex Scanlon MD & CEO