Ann: Quality Results at Mt Birnie, Sulphides Hit Nil Desperandum, page-4

MOUNT BIRNIE HIGH GRADE COPPER GOLD DRILL RESULTS UP TO 3m @ 8.5% copper, 4.3 g/t goldBROAD ZONES OF COPPER SULPHIDES INTERSECTED ATNIL DESPERANDUMCarnaby Resources Limited (ASX: CNB) (Carnaby or the Company) is pleased to provide an exploration update for the Greater Duchess Copper Gold Project in Mount Isa, Queensland.Highlights – Greater Duchess Copper Project, Mount Isa, Queensland• A high-grade copper-gold shoot has been defined at Mount Birnie plunging steeply west and open at depth.• RC drill results from prioritised selected intervals only include;o MBC016 o MBC024o MBC031including 2m @ 7.5% copper, 2.5 g/t gold from 117m and 7m @ 1.9% copper, 0.3 g/t gold from 167m including 2m @ 5.3% copper, 0.8 g/t gold from 168mo MBC0324m @ 2.1% copper from 190m including 1m @ 4.3% copper from 191m and8m @ 1.5% copper from 205m including3m @ 8.5% copper, 4.3 g/t gold from 76m12m @ 1.1% copper from 148m including2m @ 3.0% copper from 151m4m @ 4.2% copper, 1.6 g/t gold from 116mo [email protected]%copperfrom211m• Significant zones of strongly disseminated and semi massive copper sulphide mineralisation have been intersected in the first RC drill holesat Nil Desperandum, all results are awaited.The Company’s Managing Director, Rob Watkins commented:“We are genuinely excited by what we are seeing at both Mount Birnie and Nil Desperandum and eagerly await further results from the ongoing RC drilling program.”1ASX Announcement 10 June 2021Fast FactsShares on Issue 117.9MMarket Cap (@ 36 cents) $42.4MCash $8.0M11As of 31 March 2021Board and ManagementPeter Bowler, Non-Exec Chairman Rob Watkins, Managing DirectorGreg Barrett, Non-Exec Director & Company SecretaryPaul Payne, Non-Exec DirectorCompany Highlights Proven and highly credentialed management team Tight capital structure and strong cash position Projects near to De Grey’s Hemi gold discovery on 442 km2 of highly prospective tenure Greater Duchess Copper Gold Project, numerous camp scale IOCG deposits over 323 km2 of tenure 100% ownership of the Tick Hill Gold Project (granted ML’s) in Qld, historically one of Australia highest grade and most profitable gold mines Past production of 511 koz at 22 g/t gold Indicated and Inferred Mineral Resource of 845,000 t @ 2.47 g/t gold for 67,100 ounces2 Proven and Probable Ore Reserves of 459,900 t @ 1.89 g/t gold for 28,000ounces22Refer ASX release 5 June 2020, to be adjustedfollowing Tailings Sale & NSR Royalty Agreement, refer ASX release 3 August 2020Registered Office78 Churchill Avenue Subiaco Western