Final Assay Results Complete Mount Mackenzie Drilling

• Final assays confirm and extend North Knoll mineralised system
• North Knoll remains open at depth with significant intercepts
• Deeper drilling at North Knoll West confirms mineralisation below shallow RC envelope
• Southern Extension drilling shows structurally controlled mineralisation
• Company commences Mineral Resource estimation for North Knoll Core

Qmines Ltd has finalized its 73-hole, 9,798m drilling program at the Mount Mackenzie gold and silver project in Central Queensland. The final assay results confirm and extend the North Knoll mineralised system and further constrain the geometry of the high-grade Vein 355 shoot. Key highlights include a 16m @ 19.35g/t Au intercept at Vein 355 and a 6m @ 10.47g/t Au intercept at North Knoll. Deeper diamond drilling at North Knoll West confirmed mineralisation below the shallow RC drill envelope, with significant intercepts. Southern Extension drilling demonstrated structurally controlled mineralisation between North Knoll and Vein 355. The company has commenced Mineral Resource estimation work for the North Knoll Core area and is planning a large drilling campaign at the Woods Shaft deposit at the Mt Chalmers project.

The company's exploration and Mineral Resource estimation efforts are expected to continue, with further drilling planned at North Knoll West and the Woods Shaft deposit.