Ann: Drilling Completed at Pilbara 'Hemi Style' Gold Targets W.A., page-2

HIGHLIGHTS • • • R ecent detailed aeromagnetic data highlighted several “Hemi Style” intrusive package of Pilbara Gold Projects (under option with Monterey Minerals) The programme completed 37 holes for a total of ~ The team is assessing the ground for (ASX: DEG) ground which hosts the > Hemi style gold 2.2m oz Mallina gold resources plus the Hemi deposits. Gold g 1159 m old t argets across all high priority targ deposits which ets over the northern is located adjacent to De G r ey Mining ’s New Age Exploration Limited (ASX:NAE) (NAE or the Company) is pleased to advise it has completed the maiden Pilbara drill programme with 37 holes for ~1159m on the high priority targets within its northern package of Pilbara Gold projects. The package includes E47/5064, E47/5065 and E47/3958, in the highly prospective Central Pilbara Gold district, Western Australia. All holes were drilled to refusal and beyond where capable and assays were taken to ascertain the relevant geology. The tenure is located North of, and within ~50km of De Grey Mining’s (ASXEG) Hemi gold discovery. As previously announced 29 September 2020, NAE has the right to acquire 100% ownership of the new tenements from Monterey Minerals Inc (CSE:MREY) (Monterey). The drill programme targeted ‘Hemi Style’ intrusions identified by detailed aeromagnetic data utilising a KL-150 Moorooka Track Drill to complete 50120m Air Core holes. NAE Executive Director, Joshua Wellisch commented; “We are very pleased to have finalised our maiden drilling programme with complete proficiency. These initial results will be interpreted by our team in due course to determine our next stage of progression on all fronts in the Pilbara. We look forward to further updates.