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Grade Veins IN Down Dip Extension at Sunday Creek

Corporate Updates

1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7

Phone: +1 604 685 9316 / Fax: +1 604 683 1585

NEWS RELEASE December 18, 2024

SXG DRILLS 242 METRES @ 6.0 g/t GOLD (UNCUT) TRAVERSING 8 HIGH-

GRADE VEINS IN DOWN DIP EXTENSION AT SUNDAY CREEK

Including 3.6 m @ 114.6 g/t Gold and 0.16 m @ 3,330 g/t Gold

Vancouver, Canada — Mawson Gold Limited (“Mawson” or the “Company”) (TSX V:MAW)

(Frankfurt:MXR) (PINKSHEETS: MWSNF) announces Southern Cross Gold Ltd. (“Southern Cross Gold” or

“SXG”) has released results from two drill holes from the Rising Sun prospect at its 100% -owned Sunday

Creek Gold-Antimony Project in Victoria.

High Level Take Away:

Southern Cross Gold's latest drilling results from the Sunday Creek Project in Victoria demonstrate the

project's expanding high-grade potential and size adding four new >100 g/t AuEq * m intercepts to the

project within a single drill hole. Drill hole SDDSC144 delivered exceptional results with 242.1 m @ 6.0

g/t gold (uncut) , including multiple bonanza -grade intersections across eight distinct high- grade vein

sets. Most notably, the hole produced one of the project's highest- grade intersections to date: 0.16 m at

3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb), ranking as the seventh -best composite interval in

project history and 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb).

Of equal significance, SDDSC129, the deepest hole drilled to date at Sunday Creek (1,269.8 m),

successfully extended known mineralisation and served as a crucial control hole for SDDSC144. The hole's

high-grade intersection at 1,238.6 m (1.5 m @ 21.5 g/t AuEq) proves mineralisation extends 100 m down-

dip from previous intersections. This depth extension, combined with the project's improving predictability

of high-grade intersections, suggests significant exploration upside remains.

The results reinforce the conclusion that Sunday Creek has become a very significant epizonal gold-antimony

system, similar to other major Victorian deposits such as Fosterville and Costerfield. With antimony

recognised as a critical mineral by major economies and China recently imposing export restrictions, Sunday

Creek's antimony content (which represents approximately 20% of in-situ recoverable value) adds strategic

importance to the project. The Company's systematic drill program, currently employing five rigs with plans

to drill 60,000 m through Q3 2025, continues to expand the known mineralisation along strike and at depth.

For Those Who Like the Details:

• SDDSC144 drilled 242.1 m @ 6.0 g/t gold (uncut) traversing eight high-grade vein sets and

delivered the seventh best intercept on the Sunday Creek project, 0.16 m @ 3,352.0 g/t AuEq

(3,330.0 g/t Au, 11.7% Sb). The hole included 10 intervals >100 g/t Au (up to 3,330.0

g/t Au), four intervals >2% Sb (up to 11.7% Sb) and added four new >100 g/t AuEq x

m intercepts to the project. Selected highlights include:

o 15.7 m @ 12.0 g/t AuEq (11.4 g/t Au, 0.3% Sb) from 567.1 m, including:

 4.1 m @ 40.8 g/t AuEq (40.2 g/t Au, 0.3% Sb) from 568.9 m

o 0.7 m @ 193.5 g/t AuEq (193.4 g/t Au, 0.1% Sb) from 609.3 m

o 0.5 m @ 87.1 g/t AuEq (84.8 g/t Au, 1.2% Sb) from 632.5 m, including:

 0.2 m @ 210.6 g/t AuEq (206.0 g/t Au, 2.5% Sb) from 632.5 m

o 5.8 m @ 4.8 g/t AuEq (4.3 g/t Au, 0.3% Sb) from 659.4 m, including:

 0.4 m @ 56.8 g/t AuEq (56.1 g/t Au, 0.4% Sb) from 664.8 m

o 3.6 m @ 18.2 g/t AuEq (18.2 g/t Au, 0.0% Sb) from 697.4 m including:

 1.2m @ 55.3 g/t AuEq (55.2 g/t Au, 0.1% Sb) from 697.4 m

o 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb) from 748.8 m, including:

 0.6 m @ 653.6 g/t AuEq (639.8 g/t Au, 7.3% Sb) from 751.8 m

o 0.16 m @ 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb) from 776.6 m

• SDDSC129 is the deepest hole on the project at 1,269.8 m with high-grade mineralisation present

at 1,238.6 m (1.5 m @ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb). Selected highlights include:

o 0.8 m @ 8.4 g/t AuEq (8.4 g/t Au, 0.0% Sb) from 890.7 m

o 0.9 m @ 4.9 g/t AuEq (4.9 g/t Au, 0.0% Sb) from 1,079.2 m

o 1.5 m @ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb) from 1,238.6 m, including:

 0.8 m @ 36.6 g/t AuEq (36.6 g/t Au, 0.0% Sb) from 1,239.3 m

• Ongoing Exploration: Thirteen holes are currently being processed and analysed, with five holes

in progress (Figures 1 and 2).

• Mawson owns 96,590,910 shares of SXG (48.7%), valuing its stake at A$379 .6 million (C$344.3

million) based on SXG’s closing price on December 17, 2024 AEDT.

Michael Hudson , Mawson Interim CEO and Executive Chairman, states : "In a remarkable two -

month span, SXG has hit the ultimate year -end quadrella at Sunday Creek, delivering extraordinary high -

grade intersections across four distinct prospect areas. The sequential discoveries showcase the deposit's

expansive high-grade nature over more than 1 km, starting with Christina's 1.7 m @ 254.0 g/t AuEq (9 th

best intersection), followed by Golden Dyke's broad 5.5 m @ 26.1 g/t AuEq, then culminating in

two bonanza -grade hits: Apollo's 0.5 m @ 2,544.0 g/t AuEq (4 th best) and Rising Sun 's 0.16 m

@ 3,352.0 g/t AuEq (7 th best) . This success across multiple prospect areas, yielding three top ten

intersections in the project's history, validates the robust nature of the mineralisation system and highlights

the effectiveness of the company's structural targeting methodology in this high- grade epizonal gold -

antimony system.

“Today's results continue to demonstrate the exceptional high -grade nature and expanding scale of the

Sunday Creek mineralised system. SDDSC144 has delivered outstanding results including 242.1 m at 6.0

g/t Au (uncut) , traversing eight distinct high- grade vein sets. Most notably, SDDSC144 produced one of

our highest-grade intersections to date with 0.16 m @ 3,330 g/t Au intersected within a deep high-grade

zone of this impressive epizonal system. Many of the other 8 vein sets in the same drill hole reported wide

and high-grade results including 4.1 m @ 40.2 g/t Au and 3.6 m @ 114.6 g/t Au. In addition, SDDSC129,

our deepest hole to date at 1,270 m, successfully extended known mineralisation with significant high-grade

gold intersections up to 100 m below previously drilled mineralisation.

“With five drill rigs currently operating and plans to drill 60,000 m through to Q3 2025, we are well-positioned

to continue expanding this remarkable epizonal gold -antimony system, which grows more impressive with

each new result."

Drill Hole Discussion

Results from drill holes SDDSC129 and SDDSC144 (Figures 1 and 2) are announced here from the Rising

Sun prospect at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figure 4).

Drill hole SDDSC144 delivered outstanding results at Sunday Creek, intercepting multiple high-grade gold-

antimony veins across a 270 m prospective corridor. The hole, which was strategically drilled parallel to the

dyke/breccia/altered sediment host and at a high angle to the mineralised vein sets, returned a 242.1 m @

6.0 g/t gold (uncut) traversing eight distinct high- grade vein sets. Five vein sets represent down -dip

extensions of 25 m to 55 m and three are infill intersections. Highlights included 3.6 m @ 117.3 g/t AuEq

(114.6 g/t Au, 1.4% Sb) from 748.8 m (Photo 1) and m ost notably, the hole produced one of the project's

highest-grade intersections to date, returning 0.16 m at 3,352.0 g/t AuEq (3,330.0 g/t Au, 11 .7% Sb)

from 776.6 m (Photo 2), ranking as the seventh -best composite interval and containing the fourth- highest

gold assay in the project's history.

The high-grade nature of mineralisation is further demonstrated by ten intervals exceeding 100 g/t Au,

with values up to 3,330.0 g/t Au, and four intervals containing more than 2% antimony, reaching a maximum

of 11.7% Sb. The hole has significantly contributed to the project's high-grade inventory, adding

four new >100 g/t AuEq * m intercepts and one intersection in the 50 to 100 g/t AuEq * m

range (at a 2.0 m @ 1.0 g/t AuEq cutoff), bringing the project total to fifty -four high-grade

intersections.

These results continue to demonstrate the high -grade nature and expanding scale of the Sunday Creek

mineralised system, with successful extensions of known mineralised shapes and the discovery of new high-

grade vein sets within the exploration target area. Extended highlights for SDDSC144 include:

- 3.4 m @ 1.8 g/t AuEq (1.1 g/t Au, 0.3% Sb) from 545.3 m

- 6.3 m @ 2.5 g/t AuEq (1.7 g/t Au, 0.4% Sb) from 554.0 m

- 15.7 m @ 12.0 g/t AuEq (11.4 g/t Au, 0.3% Sb) from 567.1 m, including:

o 4.1 m @ 40.8 g/t AuEq (40.2 g/t Au, 0.3% Sb) from 568.9 m

- 1.9 m @ 2.4 g/t AuEq (1.8 g/t Au, 0.3% Sb) from 591.7 m

- 1.0 m @ 4.0 g/t AuEq (3.9 g/t Au, 0.0% Sb) from 596.6 m

- 0.7 m @ 193.5 g/t AuEq (193.4 g/t Au, 0.1% Sb) from 609.3 m

- 0.5 m @ 87.1 g/t AuEq (84.8 g/t Au, 1.2% Sb) from 632.5 m, including:

o 0.2 m @ 210.6 g/t AuEq (206.0 g/t Au, 2.5% Sb) from 632.5 m

- 3.7 m @ 1.5 g/t AuEq (0.9 g/t Au, 0.3% Sb) from 638.0 m

- 0.5 m @ 7.7 g/t AuEq (7.6 g/t Au, 0.1% Sb) from 650.0 m

- 1.0 m @ 4.2 g/t AuEq (3.9 g/t Au, 0.2% Sb) from 656.0 m

- 5.8 m @ 4.8 g/t AuEq (4.3 g/t Au, 0.3% Sb) from 659.4 m, including:

o 0.4 m @ 56.8 g/t AuEq (56.1 g/t Au, 0.4% Sb) from 664.8 m

- 3.6 m @ 18.2 g/t AuEq (18.2 g/t Au, 0.0% Sb) from 697.4 m, including:

o 1.2 m @ 55.3 g/t AuEq (55.2 g/t Au, 0.1% Sb) from 697.4 m

- 1.2 m @ 2.7 g/t AuEq (2.5 g/t Au, 0.1% Sb) from 719.5 m

- 2.2 m @ 1.4 g/t AuEq (1.3 g/t Au, 0.0% Sb) from 733.9 m

- 2.8 m @ 0.8 g/t AuEq (0.7 g/t Au, 0.1% Sb) from 743.5 m

- 3.6 m @ 117.3 g/t AuEq (114.6 g/t Au, 1.4% Sb) from 748.8 m, including:

o 0.6 m @ 653.6 g/t AuEq (639.8 g/t Au, 7.3% Sb) from 751.8 m

- 0.16 m @ 3,352.0 g/t AuEq (3,330.0 g/t Au, 11.7% Sb) from 776.6 m

Drill hole SDDSC129 is the deepest hole (1,269.8 m) drilled to date at Sunday Creek, successfully extended

known mineralisation. The hole served as a crucial control hole for SDDSC144, effectively defining the

system’s southern margins and leading to the discovery of high- grade mineralisation 30 m north of the

subsequently drilled SDDSC144. Mineralisation remains open to the north of SDDSC144.

SDDSC129 intercepted three distinct high-grade vein sets. The most significant intersection returned 1.5 m

@ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb) from 1,238.6 m, representing the equal-deepest high-grade intercept

on the project to date. This intersection is significant, extending mineralization 100 m down-dip from previous

drilling.

The hole extended known mineralisation by 52 m below SDDSC118 (which returned 3.6 m @ 124.8 g/t AuEq

from 1,120.4 m). The high -grade nature of the mineralisation is demonstrated by six intervals exceeding 5

g/t Au, with values reaching up to 56.3 g/t Au. Extended highlights include:

- 1.1 m @ 2.8 g/t AuEq (2.8 g/t Au, 0.0% Sb) from 826.1 m

- 1.6 m @ 1.3 g/t AuEq (1.3 g/t Au, 0.0% Sb) from 830.2 m

- 0.8 m @ 8.4 g/t AuEq (8.4 g/t Au, 0.0% Sb) from 890.7 m

- 0.9 m @ 4.9 g/t AuEq (4.9 g/t Au, 0.0% Sb) from 1,079.2 m

- 1.5 m @ 21.5 g/t AuEq (21.5 g/t Au, 0.0% Sb) from 1,238.6 m, including:

o 0.8 m @ 36.6 g/t AuEq (36.6 g/t Au, 0.0% Sb) from 1,239.3 m

- 1.6 m @ 1.8 g/t AuEq (1.8 g/t Au, 0.0% Sb) from 1,243.1 m

Pending Results and Update

Thirteen holes (SDDSC120W1, 140, 142, 146, 146W1, 147-151, 153, 155, 157) are currently being processed

and analyzed, with five holes (SDDSC149W1, 152, 154, 155A, 157A) in progress (Figures 1 and 2).

Further Information

No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However,

during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Company

notes that due to rounding of assay results to one significant figure, minor variations in calculated composite

grades may occur.

Figures 1 to 4 show project location, plan and longitudinal views of drill results reported here and Tables 2

to 4 provide collar and assay data. The true thickness of the mineralize d intervals reported individually as

estimated true widths (“ETW”), otherwise they are interpreted to be approximately 25% to 50% of the

sampled thickness for other reported holes. Lower grades were cut at 1.0 g/t AuEq lower cutoff over a

maximum width of 2 m with higher grades cut at 5.0 g/t AuEq lower cutoff over a maximum of 1 m width

unless specified unless otherwise* specified to demonstrate higher grade assays.

About Sunday Creek

The Sunday Creek epizonal- style gold project is located 60 km north of Melbourne within 16,900 hectares

(“Ha”) of granted exploration tenements. SXG is also the freehold landholder of 133.29 Ha that form the key

portion in and around the main drilled area at the Sunday Creek Project and is closing on a 921.22 Ha (total

1,054.51 Ha or 2,605.8 acres) subject to Foreign Investment Board (“FIRB”) approval.

Gold and antimony form in a relay of vein sets that cut across a steeply dipping zone of intensely altered

rocks (the “host”). When observed from above, the host resembles the side rails of a ladder, where the sub-

vertical mineralized vein sets are the rungs that extend from surface to depth. At Apollo and Rising Sun these

individual ‘rungs’ have been defined over 600 m depth extent from surface to 1,100 m below surface, are

2.5 m to 3.5 m wide (median widths) (and up to 10 m), and 20 m to 100 m in strike.

Cumulatively, 154 drill holes for 69,693.69 m have been reported by SXG (and Mawson Gold Ltd) from Sunday

Creek since late 2020. An additional 12 holes for 582.55 m from Sunday Creek were abandoned due to

deviation or hole conditions. Fourteen drillholes for 2,383 m have been reported regionally out side of the

main Sunday Creek drill area. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s

to 2008. The project now contains a total of fifty-four (54) >100 g/t AuEq x m and fifty -nine (59)

>50 to 100 g/t AuEq x m drill holes by applying a 2 m @ 1 g/t lower cut.

Our systematic drill program is strategically targeting these significant vein formations, initially these have

been defined over 1,350 m strike of the host from Christina to Apollo prospects, of which approximately 620

m has been more intensively drill tested (Rising Sun to Apollo). At least 67 ‘rungs’ have been defined to date,

defined by high-grade intercepts (20 g/t to >7,330 g/t Au) along with lower grade edges. Ongoing step-out

drilling is aiming to uncover the potential extent of this mineralized system (Figure 3).

Geologically, the project is located within the Melbourne Structural Zone in the Lachlan Fold Belt. The regional

host to the Sunday Creek mineral ization is an interbedded turbidite sequence of siltstones and minor

sandstones metamorphosed to sub-greenschist facies and folded into a set of open north-west trending fold.

Further Information

Further discussion and analysis of the Sunday Creek project by Southern Cross Gold is available on the SXG

website at www.southerncrossgold.com.au.

Critical Metal Epizonal Gold-Antimony Deposits

Sunday Creek (Figure 4) is an epizonal gold -antimony deposit formed in the late Devonian (like Fosterville,

Costerfield and Redcastle), 60 million years later than mesozonal gold systems formed in Victoria (for example

Ballarat and Bendigo). Epizonal depos its are a form of orogenic gold deposit classified according to their

depth of formation: epizonal (<6 km), mesozonal (6-12 km) and hypozonal (>12 km).

Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday

Creek is no exception. China claims a 56 per cent share of global mined supplies of antimony, according to

a 2023 European Union study. Antimony features highly on the critical minerals lists of many countries

including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks

seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria,

located nearby to all SXG projects. Antimony alloys with lead and tin which results in improved properties for

solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen -containing flame

retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high -tech

industry, especially the semi -conductor and defence sectors where it is a critical additive to primers in

munitions.

The Chinese government placed export limits on September 15, 2024 on six antimony -related products.

Additionally, the new policy bans gold-antimony smelting separation technology exports without permission

from the ministry. This week China further ratcheted up supply pressure, imposing an outright ban on exports

of gallium, germanium and antimony to the United States. This puts pressure on Western defence supply

chains and negatively affect the supply of the metal and push up pricing given China’s dominance of the

supply of the metal in the global markets. This is positive for SXG as we are likely to have one of the very

few large and high-quality projects of antimony in the western world that can feed western demand into the

future.

Antimony represents approximately 20% in situ recoverable value of Sunday Creek at the gold equivalent

calculation described below.

Technical Background and Qualified Person

The Qualified Person, Michael Hudson, Executive Chairman and a director of Mawson Gold, and a Fellow of

the Australasian Institute of Mining and Metallurgy, has reviewed, verified and approved the technical

contents of this release.

Analytical samples are transported to the Bendigo facility of On Site Laboratory Services (“On Site”) which

operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold

using the fire assay technique (PE01S method; 25 gram charge), followed by measuring the gold in solution

with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required)

use aqua regia digestion and ICP -MS analysis. The QA/QC program of Southern Cross Gold consists of the

systematic insertion of certified standards of known gold content, blanks within interpreted mineralized rock

and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process.

MAW considers that both gold and antimony that are included in the gold equivalent calculation (“AuEq")

have reasonable potential to be recovered at Sunday Creek, given current geochemical understanding,

historic production statistics and geologically analogo us mining operations. Historically, ore from Sunday

Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project,

for processing during WW1. The Costerfield mine corridor, now owned by Mandalay Resources Ltd contains

two million ounces of equivalent gold (Mandalay Q3 2021 Results), and in 2020 was the sixth highest-grade

global underground mine and a top 5 global producer of antimony.

MAW considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd

in its Mandalay Technical Report, 2024 dated March 28, 2024. The gold equivalence formula used by

Mandalay Resources was calculated using Costerfield’s 2023 production costs, using a gold price of US$1,900

per ounce, an antimony price of US$12,000 per tonne and 2023 total year metal recoveries of 94% for gold

and 89% for antimony, and is as follows:

𝐴𝐴𝐴𝐴𝐴𝐴𝐴𝐴 = 𝐴𝐴𝐴𝐴 (𝑔𝑔/𝑡𝑡) + 1.88 × 𝑆𝑆𝑆𝑆 (%).

Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment

of Sunday Creek mineralization at Costerfield, SXG considers that a 𝐴𝐴𝐴𝐴𝐴𝐴𝐴𝐴 = 𝐴𝐴𝐴𝐴 (𝑔𝑔/𝑡𝑡) + 1.88 × 𝑆𝑆𝑆𝑆 (%) is

appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.

About Mawson Gold Limited (TSXV:MAW, FRANKFURT:MXR, OTCPINK:MWSNF)

Mawson Gold Limited has distinguished itself as a leading Nordic exploration company. Over the last decades, the team behind

Mawson has forged a long and successful record of discovering, financing, and advancing mineral projects in the Nordics and

Australia. Mawson holds the Skellefteå North gold discovery and a portfolio of historic uranium resources in Sweden. Mawson also

holds 48.7% of Southern Cross Gold Ltd. (ASX:SXG) which owns or controls two high-grade, historic epizonal goldfields in Victoria,

Australia, including the exciting Sunday Creek Au-Sb discovery.

About Southern Cross Gold Ltd (ASX:SXG)

Southern Cross Gold holds the 100%-owned Sunday Creek project in Victoria and Mt Isa project in Queensland, the Redcastle joint

venture in Victoria, Australia, and a strategic 6.7% holding in ASX-listed Nagambie Resources Limited (ASX:NAG) which grants SXG

a Right of First Refusal over a 3,300 square kilometer tenement package held by NAG in Victoria.

On behalf of the Board,

"Michael Hudson "

Michael Hudson, Interim CEO and Executive

Chairman

Further Information

www.mawsongold.com

1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7

Mariana Bermudez (Canada), Corporate Secretary

+1 (604) 685 9316 [email protected]

Forward-Looking Statement

This news release contains forward- looking statements or forward- looking information within the meaning of applicable securities

laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking

statements. Although Mawson believes that such statements are reasonable, it can give no assurance that such expectations wil l

prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate,

postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors t hat any

forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from

those in forward-looking statements as a result of various factors, including, Mawson’s expectations regarding its ownership interest

in Southern Cross Gold, capital and other costs varying significantly from estimates, changes in world metal markets, changes in

equity markets, the potential impact of epidemics, pandemics or other public health crises on the Company’s business, risks related

to negative publicity with respect to the Company or the mining industry in general; exploration potential being conceptual in nature,

there being insufficient exploration to define a mineral resource on the Australian-projects owned by SXG, and uncertainty if further

exploration will result in the determination of a mineral resource; planned drill programs and results varying from expectations, delays

in obtaining results, equipment failure, unexpected geological conditions, local community relations, dealings with non-governmental

organizations, delays in operations due to permit grants, environmental and safety risks, and other risks and uncertainties. Any

forward-looking statement speaks only as of the date on which it is made and, except as may be requir ed by applicable securities

laws, Mawson disclaims any intent or obligation to update any forward -looking statement, whether as a result of new information,

future events or results or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this news release.

ASX ANNOUNCEMENT

Picture 1: Quartz stibnite vein with coarse visible gold at 751.9 m. Interval assayed 0.4 m @ 754 g/t Au and 11.4% Sb from 751.9 m. Scale 1mm markings.

Picture 2: Quartz stibnite vein with coarse visible gold at 776.6 m. Interval assayed 0.16 m @ 3,330 g/t Au and 11.7% Sb from 776.6 m. S cale across image

approximately 16 cm.