Highlights

• Significant new quartz vein system extending over a strike length of at least 300m confirmed at the Grenadier Prospect

• 10-tonne bulk sample collected from Grenadier trench 9 for metallurgical testwork

• Best assays from recent trench channel sampling include:

• Trench 11: 0.6m @ 13.8g/t Au

• Trench 9: 3.4m @ 1.6g/t Au, including 0.7m @ 6.3g/t Au

• Trench 13: 6.0m @ 0.7g/t Au, including 0.2m @ 12.3g/t Au

• Trench 12: 1.85m @ 2.6g/t Au, including 1.25m @ 3.8g/t Au

• Trench 8: 2.0m @ 1.5g/t Au

• Trench 9 vein exposed over 11m of strike and sampled at 2-3m intervals with gold grades ranging between 6.6-11.8g/t Au

• MRT Permits in place for drilling at Grenadier

• Phase 4 drilling at the Trafalgar Prospect is continuing, targeting multiple high-grade gold veins beneath historical mine workings – assays pending