Ann: Second new gold deposit defined at Sandstone project, page-2

• Defined by new, consistent, shallow drill intercepts including 24m at
1.66g/t, 23m at 1.40g/t, 11m at 1.39g/t and 18m at 1.35g/t Au.

• Second new Sandstone gold deposit announced in past week.

• New results announced today, derived from a further 12 holes (774m) of
the 13,400m Phase 1 RC drilling program, address all results from the
fourth of 14 targeted gold deposits and prospects.

• McIntyre is one of a cluster of three proximal gold prospects, which
include McClaren where substantial intercepts of 4m at 90.6g/t and 8m
at 3.35g/t Au were announced on 14 April 2020.

• Further assay results are anticipated in coming weeks.

• Middle Island is well-funded to continue follow-up activities at McIntyre,
McClaren and any further new discoveries at the Sandstone gold project

“The Directors look forward to sharing further Phase 1 RC drilling results with you as they are received
and compiled. At this stage, the results of this program, coupled with the resources announced last
week and the prevailing gold price, significantly heighten the prospect of a positive mill
recommissioning decision.”
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Phase 1: 13,400m RC
Results released: 3,168m
Results outstanding: 10,232m (10 targets/prospects)