• Acquires Comet Exploration Project, tripling footprint in highly endowed gold district
• Comet Project shares same geology and mineralisation as Caprice's Island Gold Project
• Historical drilling provides immediate walk-up gold targets for follow-up

Caprice Resources Ltd (ASX: CRS) is pleased to announce it has executed a binding earn-in agreement to acquire the Comet Exploration Project (Comet or the Project) from Accelerate Resources Ltd (ASX: AX8). The Project is strategically located along strike of the Company's Island Gold Project. The acquisition of the Project effectively triples Caprice's footprint in this highly endowed gold district, providing Caprice with approximately 40 kilometres of contiguous fertile Greenstone strike, strategically located in the heart of the Murchison Goldfields. The Project shares the same geology and mineralisation style as the Company's Island Gold Project, with Banded Iron Formations also evident throughout the Comet Project, which lies within the Tuckabianna mining complex, host to the adjacent 1.2Moz Tuckabianna and 1.0Moz Comet gold mines previously mined and processed by Westgold. The Project contains multiple walk-up targets with known gold mineralisation open along strike and down dip, that Caprice will apply its exploration, and deposit scale targeting methodologies, to deliver further high-grade discoveries and extensions to historical intercepts within the Comet tenure. Under the terms of the earn-in agreement, Caprice will provide an initial consideration of A$50,000 in cash and A$200,000 in Caprice shares, with the vendor, Accelerate Resources Ltd, retaining a 25 percent interest in the Project, free carried through to the completion of a Pre-Feasibility Study.

Caprice plans to apply the same systematic exploration approach at Comet that has delivered excellent outcomes at the Company's Island Gold Project, with the aim of rapidly advancing the Project towards delineation of a future gold resource.