• 10 out of 14 holes assayed anomalous gold in the first ever drilling at Big Sarah
• At least two lodes were identified at depth, down dip from anomalous surface mineralisation
• Follow-up drilling and surface exploration is being planned as a priority

Black Cat Syndicate Limited ('Black Cat' or 'the Company') has provided an update on initial drilling activities at Big Sarah, which is part of the 100% owned Paulsens Gold Project ('Paulsens'). The 14-hole (1,692m) RC drill program at Big Sarah targeted the recently defined Central Vein Corridor, covering a strike length of ~350m within the ~7km long Central Vein Corridor, one of 3 identified vein corridors covering an aggregate strike length of ~15km. Significant assay results from the program include 3m @ 2.62g/t Au from 86m, 3m @ 2.19g/t Au from 99m, 6m @ 1.11g/t Au from 6m, 4m @ 1.84g/t Au from 52m, and 1m @ 2.03g/t Au from 59m. The Company noted that these results are extremely encouraging, with gold intersected in 10 out of the 14 holes indicating a sound understanding of the geology, and at least two lodes identified at depth, down dip from anomalous surface mineralisation. Follow-up drilling and surface exploration is being planned as a priority.

Follow-up drilling and surface exploration is being planned as a priority at the Big Sarah prospect.