Alice Queen Commences Viani Exploration, Fiji

Gold and copper explorer, Alice Queen Limited (ASX:AQX) (“Alice Queen” or the “Company”), is pleased to provide an update regarding exploration at its 100% owned Viani (SPL1513) Project, located on the Pacific Rim of Fire in Vanua Levu, Fiji.

Highlights

• Review of historical data indicates presence of a potentially large epithermal system at the Viani Project
  
• >5km trending gold & associated pathfinder soil anomaly identified at the Dakuniba Prospect
• Limited historical 6-hole drill program returned encouraging gold assay intercepts across a 700m trend which remains open
• Best historic drill gold assay intercept results include:
  • 2.2 m 11.3 g/t from 121.45 m incl. 0.6m at 27.6 g/t from 122.75 m (MJFV-5)
• Best historical trench sampling results include:
  • 5.0m @ 4.27 g/t Au and 104.3 g/t Ag (Trench #29)
  • 3.7m @ 4.9 g/t and 15.2 g/t Ag (Trench #32)
  • 8m @ 1.89 g/t Au and 6.25 g/t Ag (Trench #27)
• Preliminary field reconnaissance work recently completed by the Company has identified outcropping hydrothermal alteration & epithermal style veins with chip sampling returning up to 4.6g/t Au
• Historic molybdenum-bismuth-tellurium (Mo-Bi-Te) stream sediment anomaly (~2.3 km2) with coincidental deep ZTEM anomaly in east area of project represents a potential porphyry-style target
• New field program including surface sampling now underway and will be reported in due course.