Highlights

• Ore Purchase Agreement executed with Kaiser Reef Limited’s (ASX: KAU) subsidiary, Henty Gold Pty Ltd, operator of the Henty Gold Mine in Tasmania.

• Agreement establishes the framework and indicative commercial terms under which Henty Gold Mine may buy ore or concentrates supplied by Flynn Gold for processing through its gold processing facility in western Tasmania.

• Agreement provides Flynn Gold with the opportunity to evaluate a potential low-capex production pathway capable of accelerating development across its Tasmanian gold portfolio, initially focused on its flagship Golden Ridge Project.

• The Ore Purchase Agreement provides Flynn Gold with additional impetus to accelerate its project development activities including resource drilling activities planned at Golden Ridge.

• Flynn Gold has recently registered a Mining Lease Application for the Golden Ridge Project as part of its development strategy.

• Agreement is non-binding on either party and does not commit Flynn Gold to deliver ore or concentrates to Henty Gold Mine.