we have some results

SIGNIFICANT MINERALISATION INTERSECTED ALONG
ASHANTI SHEAR ZONE

Signature Metals Limited is very pleased to announce that it has received significant initial Aircore drilling results from the Kyekyewere Prospect at the Konongo Gold Project. The Kyekyewere Prospect is located along
the Ashanti Shear Zone which hosts significant gold deposits elsewhere in Ghana. Results are shown on Figure 1 and include:

* 19 metres at 1.11 g/t gold from surface

* 17 metres at 0.47 g/t gold from 21 metres

* 14 metres at 0.47 g/t gold from 12 metres

* including 6 metres at 0.92g/t gold

* 10 metres at 0.46 g/t gold from 8 metres

* 3 metres at 1.31 g/t gold from 4 metres

* 1 metre at 3.84 g/t gold from 4 metres

* 1 metre at 1.47 g/t gold from 8 metres

Aircore drilling at the Kyekyewere Prospect provided a near-surface test of gold anomalies in historical soil sampling along a 3 kilometre section of the Ashanti Shear Zone (Figure 2). The Ashanti Shear Zone also hosts
the Obuasi Deposit owned by AngloGold Ashanti (current resources approximately 30 million ounces of gold, past production of over 20 million ounces of gold) and the Prestea-Bogosu Deposits owned by Golden Star Resources (current resources approximately 6 million ounces of gold, past production of over 13 million ounces of gold).

The drill programme consisted of 99 holes for 3,949 metres with an average depth of 40 metres. All significant results are listed in Table 1.

The majority of the significant intersections lie on or near the interpreted location of the Ashanti Shear Zone (Figure 1), demonstrating that this system is mineralised within the project area. Due to the wide spaced
nature of the drilling (between 500 - 1000 metres) these results should be considered "first pass" and the Company is very encouraged at the tenor of results received, especially the number of intersections with widths over 5 metres.

Results from this drilling have identified key areas for follow up drilling, including infill drilling to provide a more comprehensive test of the system around the better results and drilling to test the strike extents of
mineralisation. Mineralisation is currently open along strike to the south and north. Testing of other gold in soil anomalies along the interpreted location of the Ashanti Shear Zone (Figure 2) is also planned.

Mineralisation at the Kyekyewere Prospect is hosted within a graphitic metasediment package with quartz veins common. While no "bonanza" grade intersections were returned from this drill programme high grade quartz veins are characteristic of Obuasi-style deposits and the presenceof quartz veining associated with mineralised intervals provides encouragement that there may be a vein-hosted component to mineralisation in this prospect.

Evidence of shearing was noted in the logging of these drill holes confirming that the Ashanti Shear was intersected in the drill programme.

Despite the potential of this system to host significant mineralisation only limited work has been done to test the Ashanti Shear Zone within the Konongo Gold Project. The main mineralisation delineated to date, including the current JORC resources of 1.47 million ounces, are hosted
on or adjacent to the Birimian-Tarkwaian contact which parallels the Ashanti Shear Zone (Figure 1).

Results are still awaited from aircore drilling at the Boabedroo West Prospect as well as from RC drilling at Kwakawkaw and Kyereben. The Company will release these as soon as they are received.