Ann: Significant Gold Intersections Identified North of Coogee, page-2

Highlights

Gold intersections of significant thicknesses of up to 20m have been returned from Victory Mines Limited’s second circa 6,000m RC drilling that is underway at its 100% owned Coogee Gold Project INCLUDING

: CORC054 ‐ 20m @ 2.87 g/t Au from 96m (including 4m @ 7.33 g/t Au)
 CORC055o 8m @ 3.74 g/t Au from 76m (including 4m @ 5.28 g/t Au) o [email protected]/tAufrom96mo 12m @ 1.70 g/t Au from 116m
 CORC058 ‐ 12m @ 1.78 g/t Au from 92m CORC064 ‐ 16m @ 2.24 g/t Au from 76m
 CORC056 – 12m @ 1.05 g/t Au from 72m CORC062 – 16m @ 0.86 g/t Au from 116m
 Results from the current RC drilling programme highlight the high‐grade nature of some of the thicker gold intersections at the Coogee Gold Project.
 Considerable upside potential exists for the Coogee gold trend to continue to the north of the Coogee Pit and to host additional high‐grade gold mineralisation, analogous to the Coogee Pit along strike, down dip and down plunge.
 Further RC drilling will be completed in this programme to test the area immediately to the west being the down dip extension.
 RC drilling programme is expected to be completed by the end of February 2021.