New High-Grade Gold Discovery at Golden Ridge, NE Tas

Highlights

· New high-grade gold vein zone discovered in trenching 250m north of the Trafalgar mine at the Golden Ridge Project, NE Tasmania where Flynn is currently drilling

· 17 out of 36 grab rock chip samples assayed over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au

· Gold hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone

· Assays from initial trench channel sampling include high-grade mineralised intervals:

· 11.0m @ 2.0g/t Au including 3.3m @ 6.3g/t Au

· 16.5m @ 1.3g/t Au including 1.5m @ 6.8g/t Au and 4.0m @ 2.4g/t Au, and

· The new vein zone discovery significantly expands the gold mineralised footprint at the Trafalgar prospect

· Diamond drilling is underway to test mineralisation at depth below the trenching.