Ann: Further positive results extend Aquila and Crow, page-4

EHighlights:  New gold zones defined in extensional drilling in the northwestern portion of Crow, with additional lodes now extending over 500m of strike. Mineralisation remains open. Significant results include: − 8m @ 4.4g/t Au from 94m in HERC330 − 9m @ 1.5g/t Au from 162m in HERC331 − 10m @ 3.6g/t Au from 156m in HERC334 − 17m @ 1.2g/t Au from 109m in HERC337 − 7m @ 3.9g/t Au from 166m in HERC338  Infill drilling continues to define mineralisation at Crow including the recently identified lodes subparallel to Aquila. Mineralisation remains open at depth. Significant results in the eastern and central portions of Crow include: − 15m @ 1.8g/t Au from 173m in HERC091D − 28m @ 2.6g/t Au from 193m in HERC091D − 31m @ 1.1g/t Au from 86m in HERC316 − 16m @ 1.7g/t Au from 54m in HERC318 − 17m @ 1.2g/t Au from 150m in HERC318 − 10m @ 4.2g/t Au from 258m in HERC318 − 44m @ 2.6g/t Au from 51m in HERC320  Drill hole HERC241D on section 29920E has extended the Aquila high grade zone plunge to the west. Results for holes HEDD010 and HERC244D further down plunge and to the west remain pending: − 25.2m @ 2.0g/t Au from 300.1m in HERC241D (incl 9.2m @ 3.8g/t Au from 311.7m) De Grey Managing Director, Glenn Jardine, commented: “Extensional RC drilling in the west of Crow is encouraging and mineralisation remains open. The area further to the west of Crow is currently being tested with one of the two aircore rigs on site. The other aircore rig is testing Scooby and targets to the east of Brolga. Infill drilling at Crow continues to highlight higher grade lodes within the overall mineralised system including 44 metres @ 2.6g/t Au from 51 metres in HERC320. Extensional drilling at Aquila continues to extend mineralisation to the west and downdip toward Falcon.” Level 3, Suite 24-26, 22 Railway Road, Subiaco WA 6008 PO Box 2023 Subiaco WA 6904 E [email protected] P +61 8 6117 9328 F +61 8 6117 9330 degreymining.com.au ABN: 65 094 206 292 FRA Code: WKN 633879

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