projects update

Mantle Mining Corporation Limited (ASX: MNM) “Mantle”, is pleased to provide the following update on current project activities:

Granite Castle Gold Project (contains a JORC Compliant gold and silver Resource1):

* Detailed design work completed for a follow-up drill program at the Coronation shear (contains a large Exploration Target1). Fieldwork relating to reopening the field camp and pegging out drill hole locations should commence this month, weather permitting.

* EPM 19334 surrounds the project area and has been granted for an initial 5 year term.

Charters Towers Gold Project (contains a JORC Compliant gold Resource2):

* Project planning at Gromac/Puzzler area targeting geophysics and drill programs.

* Specifically the Balfes Creek prospect where recent laboratory analysis of a very high grade rock chip sample has confirmed shallow, high grade, gold in historic drill holes.

* Both geophysical surveys and follow-up drill programs are being planned. Initial reconnaissance fieldwork should commence this month, weather permitting.

Trafford Coal Project (contains a JORC Compliant coal Exploration Target3):

* Mt Mulligan Indigenous Land Use Agreement (ILUA) is now registered. Sterile Land designation has been removed from relevant State Government Department website. The Department can now consider renewal of EPC (coal) and grant of ATP (gas).

* Initial exploration plans and landholder access agreements are being finalized.

Bacchus Marsh Coal Project (contains a JORC Compliant coal Resource4):

* JV partner Exergen is undertaking a capital raising to support development of their $50 million pre-commercial demonstration facility, to be located in the Latrobe Valley.

Other Projects:

* Haunted Stream Gold project work plan development for next field season and review 3 base metals prospective EL applications, (expect grant this month).

* Latrobe Valley Coal project work plan development for next field season, review 4 coal prospective EL applications (expect grant this month) including S7 Tender synergy.

* Ashford Gold project being relinquished fully back to the State as determined noncore.