Ann: DCX:High Grades Continue at Greater Duchess Project - CNB, page-2

HIGH GRADES CONTINUE AT GREATER DUCHESS

LADY FANNY - 3m @ 17.1% Copper within 13m @ 4.4% Copper

Carnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is excited to announce a continuation of high grade exploration results at the Greater Duchess Copper Gold Project in Mt Isa, Queensland.Highlights

Lady Fanny Prospect:

• LFRC077 has recorded an exceptional result of 13m @ 4.4% copper, 0.2 g/t gold from 122m including 3m @ 17.1% copper, 0.3 g/t gold from 122m.

• LFRC086 has intersected a new sub parallel western lode with results of 6m @ 3.8% copper, 1.4 g/t gold from 88m.

• LFRC029 has intersected 31m @ 1.1% copper, 0.1g/t gold from 78m including 10m @ 1.7% copper from 84m.

  Nil Desperandum Prospect:

• Resource extension drilling on the lateral edges of the breccia shoot has intersected strong copper gold mineralisation, increasing the overall size of the Nil Desperandum discovery.

• Additional shoot mineralisation in NLRC048 with results of 19m @ 2.3% copper from 216m including 5m @ 7.0% copper from 230m.

• Step out drilling has intersected a 6m wide vein in NLDD094 with

  strong copper sulphide mineralisation approximately 150m down

  plunge of previous drilling.

• Nil Desperandum has now been intersected over a down plunge

  extent of 800m from surface and remains completely open at

  depth.

  The Company’s Managing Director, Rob Watkins commented:

  “The Greater Duchess Copper Gold project continues to grow with ongoing drilling. We are truly witnessing the emergence of two outstanding copper gold discoveries at Nil Desperandum and Lady Fanny. On top of that we believe the potential for more near-term discoveries is high from the imminent start of drilling at Mount Hope and the extensive Induced Polarisation surveys which have recently commenced targeting the >5km Nil Desperandum corridor.”