• New intersections extend the southern high-grade zone a further 100m down plunge
• The overall Vadrians gold system extends for more than 1,000m of strike and at least 400m vertical depth where it remains open
• Assays pending for 90 air core holes systematically testing the easterly Banded Iron Formation (BIF) corridor north of the Vadrians deposit

Caprice Resources Ltd (ASX: CRS) is pleased to report further high-grade diamond drilling results from the Island Gold Project (IGP, Island or the Project). Diamond hole 25IGRC098D intersected 11m at 7.1 g/t gold (including 3m at 25.3 g/t gold) from 353m downhole, extending mineralisation a further 100m down plunge at the southern end of the Vadrians system where it remains open. The southern high-grade zone has now been drilled to a vertical depth below surface of over 300 metres intercepting high-grade gold, quartz veining, sulphides across multiple holes confirming and extending mineralisation continuity down plunge, where it remains open and a high-priority target for further drilling. Interpretation of the updated long-section highlights a significant increase in the >50 gram x metre high-grade gold zone, which has expanded from approximately 150m to 250m in vertical extent down plunge, representing a step-change in the scale of the high-grade zone. This growth reflects both new high-grade intercepts at depth and improved geological confidence in the continuity of mineralisation, with recent results extending the high-grade zone approximately 100m down plunge and beyond 300m vertical depth where it remains open. Assays are pending for 90 air core holes systematically testing the easterly Banded Iron Formation (BIF) corridor north of the Vadrians deposit, along the 5km mineralised strike horizon testing for analogous 'Vadrians' lookalikes. Follow-up reverse circulation (RC) and diamond drilling (DD) is currently underway, targeting northern strike extensions and additional down dip extensions to the high-grade zone at Vadrians, respectively.

Ongoing and planned drilling is expected to further extend the Vadrians system, with strong potential for continued growth in both grade continuity and overall mineralised footprint.