• Drilling extends gold mineralisation 195m and 113m down dip
• Mineralisation now defined from surface to 415m depth and over 200m strike
• Mineralisation remains open at depth, along strike and along NE-trending structures

Koonenberry Gold has completed 12 diamond drill holes for 4,780.1m in Phase II drilling at the Sunnyside Prospect. Results have now been received from all holes with ten out of 12 holes in the Phase II drilling intersecting visible gold, taking the total to 17 out of 22 holes drilled by KNB intersecting visible gold. Phase II drilling continued to intersect broad zones of potential bulk tonnage gold mineralisation as well as high-grade zones. Drilling has systematically tested sections along strike whilst aggressively stepping out 80-110m vertically to ascertain continuity and plunge. Mineralisation has now been defined from surface to +415m vertically, +200m strike extent and up to 75m true width. The system remains open at depth as well as along strike to the NE and SW along the Sunnyside Shear Zone. Holes 020 and 021 have extended gold mineralisation 195m down dip of previous drilling whilst 26ENDD022 has extended mineralisation 113m down dip, with a potential second plunging shoot identified. Mineralisation at Sunnyside is now demonstrated to have continuity across five drill sections from surface to an average depth of 370m (415m maximum depth) over +200m strike. Mineralisation remains open at depth and along strike and is structurally controlled along the first order Sunnyside Shear Zone as well as along second order NNE trending cross structures. The intersection of these structures is considered important in providing the geological setting for the broader zones of mineralisation as well as the higher-grade zones.

The Company is now planning follow-up drilling at Enmore whilst continuing to accelerate regional exploration at both the Enmore and Lachlan Projects. At the Lachlan Project, the Company has active programs underway including geochemical and geophysical surveys across several targets enabling drill testing in the coming months. In addition, Newmont plans to commence a diamond drilling program at the Junee Joint Venture in June.