• 2,000m Reverse Circulation (RC) drill program underway
• Drilling will test the 2km shear zone from Sunnyside to Hand in Hand
• Limited historical drilling in this area has returned encouraging results

Koonenberry Gold has mobilised a second drill rig at the Enmore Gold Project in northeast NSW to accelerate the discovery process. The 2,000m Reverse Circulation (RC) drill program will test the 2km shear zone from Sunnyside to Hand in Hand where robust gold and arsenic soil anomalies, high-grade rock chips and IP geophysics have defined priority targets that potentially represent repetitions to the broad and high-grade mineralisation intersected at Sunnyside. Limited historical drilling in this area has returned encouraging results including 6m @ 2.67g/t Au from 4m and 82m @ 0.17g/t Au from 6m which highlights the potential for additional discoveries. With the current diamond drill program at Sunnyside focussed on depth and strike extensions, this second drill rig will focus on discovery drilling along the prospective shear zone. Four target areas have been defined along this trend with coincident gold and arsenic soil anomalies, favourable geology and structures at the contact between the granite and sediments. High-grade rock chips up to 17.55g/t Au and limited historical drilling with encouraging results add to the prospectivity of these targets. Koonenberry Gold is well funded to continue exploration across its projects with $7.8M cash plus potential additional funds from exercise of ~94 million KNBO options.

Koonenberry Gold plans to prioritise programs to maximise value for its shareholders and looks forward to providing regular exploration updates as this work progresses.