Significant Exploration Target for Golden Ridge, NE Tasmania

Highlights

• Maiden Exploration Target estimated for the Trafalgar, Brilliant and Link Zone prospects at FG1’s 100%-owned Golden Ridge Project

• The estimated range of potential mineralisation for the Exploration Target* is:

• 3.5 to 5.4 million tonnes grading at 3.0g/t Au to 4.0g/t Au for 449,000oz to 520,000oz of contained gold

• *The size and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.

• Exploration Target is open in all directions and represents less than 30% of the known strike of the 9km gold anomaly at Golden Ridge

• Diamond drilling underway at Link Zone testing along strike and down-dip of the historic Golden Ridge Adit