HIGH GRADE DRILL RESULTS AT ROSS ADD TO RESOURCEHighlights Hole...

HIGH GRADE DRILL RESULTS AT ROSS ADD TO RESOURCE
Highlights
 Hole RMR0358 intersected 19.5ft @ 2,090ppm U3O8 from 477.25 to 496.50GT 4.08
 Hole RMR0347 intersected 19.5ft @ 340ppm U3O8 from 447.25 to 466.75 GT 0.66
 Hole RMR0349 intersected 23.5ft @ 270ppm U3O8 from 475.75 to 499.25 GT 0.63
 Hole RMR0217 intersected 14ft @ 410ppm U3O8 from 508.75 to 522.75 GT 0.57
 Hole RMR0381 intersected 14ft @ 320ppm U3O8 from 532.25 to 546.25 GT 0.45
Summary
Peninsula Minerals Limited (Peninsula) is pleased to announce that it has completed 35
development drill holes during the first weeks of May for a total of 22,129 feet at the Ross
Project (Ross).
The intention of the current drilling has been on enhancing the grade and definition of the
existing resource and to progress inferred resource to indicated status.
The highlight of these results was drill hole RMR0358 which intersected 19.5ft @ 2,090ppm U3O8
(GT 4.08), including a peak intersection of 6ft @ 3,120ppm U3O8 within a newly interpreted
mineralised roll front.
Three drill rigs are currently engaged at Ross testing extensions of the known exploration target
zones identified by the modelling software while a fourth rig continues to test sparsely drilled
target zones, with the aim of expanding the current 15,100,000 lb U3O8 JORC compliant
resource.
Executive Chairman Gus Simpson said Now that we have modelled all geological and drill
data the development team is able to accurately target the nose of the ore zones and they
are bringing home the pounds.