Ann: Rare Earth Exploration Update for Peak Charles, page-2

Rare Earth Exploration Update for Peak Charles HIGHLIGHTS:

• Completion of Phase 2 reconnaissance aircore drill program to follow up significant intersections of
clay hosted rare earths elements (REE) at Peak Charles Project northwest of Esperance

• 43 holes completed for 1673m (39m average hole depth) within E74/695

• Regolith profiles encountered were similar to those during Phase 1 program indicating a well-developed clay zone to host potential REE mineralisation

NEXT STEPS:
• Review and report drilling and soil assay results
• Metallurgical test work to determine REE extraction rates from the clay hosts
• Further geophysical interpretation of the airborne magnetics to outline granite basement topography required for ionic clay target modeling
• Land access agreements with land holders around Gimli prospect

"The global supply of Dysprosium is facing a huge supply shortage being integral in the manufacturing of magnets for electric vehicles. This campaign at our Peak Charles project gives Moho another step forward in creating value for the company within this burgeoning Esperance district. Metallurgical samples taken will also advance the analysis and understanding of the rare earth extraction rates from the clay hosts, which will put the company in an advantageous position amongst up and coming rare earth explorers.” - Mr Ralph Winter, Managing Director Moho Resources Limited

(ASX: MOH) (“Moho”, “the Company” is pleased to announce that the second round of aircore drilling at its Peak Charles Project north of Esperance in western Australia has finished.
This program has tested the continuation of the clay-hosted rare earth element mineralisation between three different prospects identified during the first phase of drilling.