Short Term Trading Week Starting: 17 Aug, page-110

STTCOMP SRN, FA LONG

Market Cap: $6.281m

Shares: 503.2m

SP: $0.010

Overview

SRN appears to be in a strong bullish trend confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 20 and 50-day moving averages. Additionally, a long-term bullish signal is offered by the 200-day moving average which is trending higher.

18th August 2020 ASXAnnouncement

AUSTRALIA 45 VentnorAvenue, West Perth WA 6005 | T +61 8 9429 8846 | F +61 8 9429 8800

ABN 48 083 274 024 | ASXSRN | E [email protected] www.surefireresources.com.au

DRILLING PROGRAM

YIDBY GOLD PROJECT (WA)

Surefire Resources NL(the Company or SRN) is pleased to announce that it has lodged a Program ofWorks (POW) application for the Yidby Gold Project. The POW application has beenlodged at the Department of Mines, Industry, Resources, and Safety (DMIRS).

The POW applicationcovers granted licences E59/2390 and E59/2446 and includes the Yidby RoadProspect, the Delaney Well Prospect, and the Cashen’s Find Prospect. Thisapplication follows recent compilation of historic drilling sourced from WAMEXdatabase reports and data files. SRN announced the acquisition of the Yidby andPerenjori Projects (SRN:ASX announcement 6/8/2020) which feature significanthistoric high-grade drilling intercepts which include, but not limited to, thefollowing:

DRC-8 8m @ 4.69 g/t Aufrom 22m

Incl 2m @ 17.70 g/t Aufrom 22m

NGRC002 15m @ 2.02 g/tAu from 62m

5m @ 13.10 g/t Au from90m

1m @ 2.32 g/t Au from119m

hole terminated in

mineralisation

YRRC001 20m @ 1.13 g/tAu from 28m

NGRC001 8m @ 2.57 g/t Aufrom 109m

NGAC157 37m @ 1.57 g/tAu from 25m

The Company’smaiden drilling program at Yidby will comprise of up to 2,000m reverse

circulation(RC) drilling and test extensions of the historic intersections. Interpretivework has

alsoprogressed at SRN’s Perenjori Project. The Company is already encouraged by

preliminaryfindings and it is envisaged that a POW will be lodged on completion of thiswork

inpreparation for further drilling campaigns this year.