further high grades and new ground at ross, page-5

Summary
Peninsula Minerals Limited (Peninsula) is pleased to announce that its Mineral Rights acquisition
program has secured a further 916 acres of surface access rights at the Ross project area
(Ross) of the Lance Projects in Wyoming, USA (Lance).
The new ground acquired hosts multiple intercepts of high grade mineralisation and this is
anticipated to expand the known uranium mineralisation at Ross. Previous lack of access to
this ground has prevented drilling to confirm the continuity of mineralisation recorded in the
extensively drilled areas adjacent to this new ground.
Importantly, this ground also completes the acquisition of the surface area for the initial Ross
production area proposed in the mine permit area application that Peninsula is submitting to
the Nuclear Regulatory Commission and Wyoming DEQ.
Peninsula continues to acquire additional land with negotiations underway on further strategic
holdings.
Executive Chairman Gus Simpson said “this is a highly strategic acquisition as it completes a
key component of our mine planning strategy and it also is expected to contain significant
quantities of Uranium; my congratulations to all personnel involved“.