Ann: Commencement of Diamond Drilling, page-2

Commencement of Diamond Drilling

Parallel drill program on key targets at Warrawoona

Calidus Resources Limited (ASX:CAI) (‘Calidus’ or the ‘Company’) is pleased to announce it has commenced a diamond drill program in parallel with the on‐going RC drilling program at the Warrawoona Gold Project.

The program will include drilling a total of 9 holes in the main Klondyke Shear, Copenhagen, Coronation and Fieldings Gully deposits. The purpose of the drill program is to provide information for structural geology and metallurgical testwork.

Managing Director, Mr David Reeves said “To assist in generating a revised resource by end of this year, we have commenced a diamond drill program. The drill program will allow detailed understanding on the structural geology of the deposit and provide core for initial metallurgical work. This is another step forward in our aggressive pursuit of this rapidly developing project”.