Multiple Mineralised Shoots Defined at Music Well

• At least two higher-grade mineralised shoots identified
• Shoots open to the north-northeast
• Recent RC drilling pending results expected mid to late October
• Assays from diamond drilling indicate mineralisation continuing down dip

Augustus Minerals Ltd has provided an update on exploration activities at the Music Well Gold Project. Integration of surface geochemistry, RC and diamond drilling data has outlined two higher grade mineralised shoots within the broader alteration system that are open to the north-northeast. The western shoot has been defined by soils for over 400m strike, with the eastern shoot defined over 300m strike. Structural measurements from the diamond drilling indicate that these higher-grade veins are frequently dipping steeply to the southeast, sub-parallel to the direction of drilling. The recent RC drilling with holes oriented to the northwest will test the potential for zones of higher densities of quartz-pyrite veining to occur between the original drill holes. Assay results from the recent RC drilling are expected mid to late October.