HIGH GRADE DRILL RESULTS CONFIRM NEWCASTLE HILL...

HIGH GRADE DRILL RESULTS CONFIRM NEW
CASTLE HILL MINERALISATION


Highlights:
Maiden drilling programme intersects significant mineralisation at the Outridge & Kiora deposits.

Resource estimate for the Castle Hill Gold Project (253,000 oz) to be updated to include Kiora and Outridge deposits.

High grade results (Table 2) outside the current Resource include:
- 13 metres at 7.4g/t Au from 57 metres, including 1m @ 83.9g/t.
- 7 metres at 6.9g/t Au from 67 metres, Including 3m @ 12.4g/t.
- 2 metres at 6.0g/t Au from 23 metres.
- 11 metres at 4.1g/t Au from 89 metres, Including 1m @ 25.4g/t.
- 11 metres at 2.4g/t Au from 89 metres, Including 1m @ 12.4g/t.
- 5 metres at 2.3g/t Au from 26 metres.
- 11 metres at 2.0g/t Au from 52 metres, Including 1m @ 7.2g/t.
- 15 metres at 1.3g/t Au from 77 metres.

Results increase the strike length of castle hill to over 1.4 km.

Castle Hill mineralisation remains largely untested below 80 metres.

Drilling is continuing at the Rayjax and Backflip prospects.

Great news out. Over 25% increase in total mineral resources from their maiden drilling results.