Approval to Commence Initial Geological Work Program

C29 Metals Limited (“C29” or the “Company”) is pleased to announce that it has received Category four (4) exploration approval enabling the immediate commencement of tenement wide, geophysical, field mapping and soil sampling programs at its Ulytau Uranium project immediately. The Company’s geology team will immediately establish base of operations at the nearby village of Aksuyek where C29 enjoys strong community support.

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HIGHLIGHTS

• C29 has received Category four (4) exploration works approval enabling the immediate commencement of geophysical & soil sampling programs at its Ulytau Uranium project.
• The Category two (2) drilling approval process is at an advanced stage and is on track, C29 anticipates drilling approval shortly.
• C29’s Geology team will commence site wide mapping and soil sampling immediately. The geology team will be utilising a handheld XRF unit in the field providing real time geological information to the team.
• C29 has identified a laboratory that meets all international standards and can provide a sample turnaround time of approximately four (4) weeks.

“It is very exciting to have the Category four (4) exploration approval granted enabling our geology team to immediately commence field works in preparation for drilling. This once again demonstrates the positive operating environment in Kazakhstan and the support the company is enjoying”.

Initial Geological Work Program

The initial geological program will undertake tenement wide mapping and soil sampling focusing on verification of historical shallow high-grade results and identify the extent of the surface outcropping and shallow high-grade uranium across the tenement.

The geology team will be utilising a handheld XRF unit in the field providing real time geological information to the team and valuable geological data that will assist with the Initial drill hole targeting and methodology.

Figure 1 below shows the interpreted mineralised uranium trend1 and location for initial Category 4 exploration works.

Figure 1 – The interpreted mineralised Uranium trend & location for initial Category 4 exploration works.

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