Shallow High-Grade Gold Confirms James Stage 1 Pit Potential

• Consistent, shallow, high-grade gold mineralisation confirmed in RC grade control drilling
• Continuity of mineralisation within planned Stage 1 pit reinforces confidence in early mining inventory
• Metallurgical testwork indicates potential for rapid and attractive gold recoveries via heap leach

OzAurum Resources has received the first batch of assay results from a recently completed 91-hole RC grade control drilling program at the James Stage 1 open pit within the Mulgabbie North Gold Project. The results confirm consistent, shallow, high-grade gold mineralisation, providing increased confidence in the proposed Stage 1 open pit design and supporting the company's strategy to advance Mulgabbie North toward near-term, low-cost heap leach development. Significant intercepts include 14m @ 2.09 g/t Au, 9m @ 2.61 g/t Au, and 7m @ 2.56 g/t Au. Metallurgical diamond drilling has also intersected exceptional high-grade intervals up to 29.34 g/t Au, validating the grade tenor within the Stage 1 pit. Preliminary column leach testwork indicates the potential for over 60% gold recovery within 7 days and over 80% recovery within 21 days, supporting the viability of a simple heap leach operation. With drilling complete, metallurgical testwork progressing, and permitting activities underway, OzAurum continues to make progress toward near-term development at Mulgabbie North.

OzAurum is advancing Mulgabbie North toward a simple, low-cost heap leach operation, with the goal of potential near-term production.