Approval to Mobilise and Commence

C29 Metals Limited (‘C29’) is pleased to announce that it has received official notification from the Natural Resources and Environmental Management Department the company has met all regulatory requirements for the issue of the drill permit , enabling the commencement of drilling at its Ulytau Uranium project.

HIGHLIGHTS

• Official notification received from Natural Resources and Environmental Management Department that the company has completed all regulatory requirements for the issue of the drill permit
• This official notification enables the company to mobilise and commence exploration activities.
• The Company’s geology team will shortly mobilise to site to commence pre works ahead of the mobilisation of the diamond drill rig.
• Initial drilling will see several key strategic holes targeting the mineralisation close to surface.
• Obtaining this official notice once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying.

In parallel to the approval process the Company has been actively working to secure a drilling contractor to undertake initial diamond drilling at the Ulytau Uranium project and anticipates mobilising the drill rig to site shortly.

Initial drilling will see several key strategic holes targeting the mineralisation close to surface. it is planned that the initial diamond drill holes will be drilled to a depth of ~200m.

The Company’s geology team has an established base of operations at the nearby village of Aksuyek where C29 enjoys strong community support. The geology team will immediately mobilise to site to commence pre works ahead of the mobilisation of the diamond drill rig.

C29 Metals Managing Director, Mr Shannon Green, commented:

“It is very exciting to have the official notification enabling our team to commence the initial diamond drilling program this season. Obtaining this notification once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying”.

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