Ann: Crown Project Update, page-6

Work will now commence on a detailed geological and structural interpretation of the new data
sets, to generate an updated base map for the area. Field reconnaissance mapping and prospecting,
including field truthing of the geophysical interpretation will be undertaken, while the Company
waits for the tenement to be granted allowing ground disturbing activities.
Discussion with local private landholders in the region have been productive and are ongoing. While
these negotiations with private landholders are undertaken, Oakdale has engaged with
representatives of the local Whadjak and Yued People in order to finalise a Native Title Heritage
Agreement over the project. Oakdale is not aware of any registered Aboriginal Sites, or Avoidance
Areas registered with the Department of Planning, Lands and Heritage within the tenement area.
Proposed initial exploration activities by Oakdale on the Crown Project will include systematic wide
spaced geochemical soil‐sampling over the highlighted geophysical target areas, as well as detailed
regolith mapping and fact mapping of the outcropping rock units. These initial exploration activities
will seek to identify new targets which will be drill tested, subject to standard regulatory approvals.
Oakdale Resources Executive Chairman commented, “The reprocessed geophysical data has
confirmed to us that we have a similar geological setting as the nearby Julimar discover which is
tremendously gratifying for us. After taking this project on we now know we are well and truly in
the hunt for a discovery at Crown and we look forward to completing access arrangements and
getting to work. Chalice’s Julimar Nickel Palladium discovery has opened up the significant potential
of this area and we are encouraged in our progress and look forward to the next steps.