• Drill hole CBDD017 intersects 8m @ 2.8% CuEq, including 3m @ 5.9% CuEq, extending Trek 1 high grade mineralization 170m down dip
• Trek 1 extension now intersected in 3 high grade intersections over 300m down dip, remains open in all directions
• 5,000m RC/DD drilling program to commence next week to drill out Trek 1 extension

Carnaby Resources has reported further high-grade copper-gold assay results from the Trek 1 prospect at the Greater Duchess Project in Queensland. Drill hole CBDD017 intersected 8m @ 2.8% CuEq (1.5% Cu, 1.5g/t Au), including 3m @ 5.9% CuEq (2.6% Cu, 3.9g/t Au), demonstrating the continuity of the Trek 1 high grade mineralization 170m down dip of previous high grade intersections. The Trek 1 extension has now been intersected in 3 high grade intersections over a 300m down dip extent, and remains completely open in all directions. A 5,000m RC/DD drilling program utilizing 2 drill rigs will commence next week to drill out the Trek 1 extension. Additional infill and extension drilling is also planned at the Inheritance and Trek 2 prospects to further bolster the Mineral Resource Estimate as the company completes the Prefeasibility Study and moves into the Feasibility Study in 2026. The company also reported positive assay results from the footwall lode at Trek 1 and multiple broad zones of copper-gold mineralization at the Inheritance prospect.

The company plans to commence a 5,000m RC/DD drilling program next week to drill out the Trek 1 extension, as well as conduct infill and extension drilling at the Inheritance and Trek 2 prospects. This drilling will support the ongoing Prefeasibility Study and transition into the Feasibility Study in 2026.