Goldplay Appoints President and VP Exploration

TSXV:AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to significantly strengthen Company's technical and leadership capabilities, it has split the Company's President and CEO roles and has appointed a highly experienced President as well as a highly experienced Vice President Exploration to lead Company's plans and strategy together with Goldplay's CEO, Mr. Catalin Kilofliski

Effective July 1^st, 2022 Mr. Christopher Osterman was appointed as the Company's President following the decision to split the Company's President and CEO role, and Mr. Jose Mario Branco as the Company's Vice President Exploration. Both roles are reporting to the Company's CEO.

Chris Osterman, PhD Geologist, President

With a PhD in Geology from the Colorado School of Mines, Chris Osterman is an Exploration Strategist with over forty years of experience in all stages of the mining industry thorough out Africa, North and South America, and Asia. Chris has enjoyed key roles in the reconnaissance and initial discoveries of the Malku Khota silver deposit in Bolivia (370 Moz Ag), the San Jose silver and gold mine in Oaxaca, Mexico (84 Moz Ag equivalent), and the Zuun Mod copper/moly deposit in Mongolia (273 M lbs Mo/ 330 M lb Cu). Recently, he served as a senior executive of First Mining Gold Corp, as the company built a largely indicated gold resource of 12 Moz of gold in Eastern Canada through a series of acquisitions of private and TSX listed companies.

Jose Mario Branco, Geologist, Vice President Exploration

Mr. Branco is a senior geologist with over 38 years of experience. He is the managing partner of Geologia e Geotecnia Consultores, a boutique consulting firm specializing in mineral exploration based in Portugal. Prior to that, Mr. Branco was the Regional Exploration Manager, Europe for Lundin Mining overseeing Lundin Mining projects in Iberia and Europe. He led the team credited with discovering the new VHMS Semblana mineral deposit near Lundin's Neves Corvo mine. Prior to that he was Exploration Manager - Portugal for Rio Narcea a senior project geologist for BP Minerals and later Rio Tinto and was a senior member of the team recognized with discovering of the Las Cruces Cu-Au VHMS deposit in southern Spain and in the Gralheira intrusion-related gold deposit in northern Portugal.

Catalin Kilofliski, CEO stated: " Today marks an important milestone for our Company, as we have significantly strengthened our senior management and leadership team. Goldplay was created approximately one year ago with a strategy of delivering specific commodity and geographic exposure and successes for our investors. Despite the current market environment, today's appointments should enable the Company to begin delivering on that promise. The Company's Chairman, Deepak Malhotra, along with the newly appointed President Chris Osterman and VP Exploration Jose Mario Branco, together with myself, have recently completed a trip to Portugal with a goal to define, broaden and advance our strategy in Europe. Given the urgent need for sustainable resources produced within the European boundaries, we see ahead of us, a very feasible opportunity unfolding that will be conducive to successfully de-risking and advancing mining projects to production in the European Union. With a Portuguese based VP Exploration, a CEO born and raised in Europe, a President with important European connections, a Chairman that has commissioned several European mining projects into production, and a portfolio of several past producing gold and copper projects held in Portugal, Goldplay is well positioned to establish a strategically important presence in the evolving European resource development industry."

The Company would also like to announce that the Board of Directors has granted a total of 300,000 incentive stock options to the newly appointed Company President. The stock options are fully vested, with a 5-year term, expiring on July 4, 2027 and are priced at C$0.07 per share. The exercise of the incentive stock options will be subject to a four month hold period from the grant date.

The Company has also cancelled a total of 300,000 stock options issued on May 25,2021 with an exercise of $0.18 per share and a total of 190,000 stock options issued on August 9,2021 with an exercise price of $0.15 per share that were issued to certain Company advisors who ceased to act as advisors to the Company.

About Goldplay Mining

Goldplay Mining is a Canadian public company listed on TSXV and in the US on OTCQB. Goldplay holds several brownfield gold, and copper-gold projects located in Portugal with near term mining potential.

The Company also holds large district scale gold, and copper-gold projects located in BC's Golden Triangle and southwestern BC.

On behalf of the Board of Directors
"Catalin Kilofliski"
President, CEO & Director

For further information please contact:

Goldplay Mining Inc.
Mr. Catalin Kilofliski, President & CEO
Suite 650 - 1021 West Hastings Street
Vancouver, BC V6E 0C3
T: (604) 655-1420
E: catalin@goldplaymining.ca
www.goldplaymining.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the exploration potential of the Property. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements involve risks and uncertainties relating to, among other things, results of future exploration and development activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and unanticipated environmental impacts on operations. Although the Company believes current conditions and expected future developments and other factors that have been considered are appropriate and that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct or enduring. Readers are cautioned to not place undue reliance on forward-looking information. The statements in this press release are made as of the date of this release. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE:Goldplay Mining Inc.

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https://www.accesswire.com/707656/Goldplay-Appoints-President-and-VP-Exploration

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tsxv:auc base metals investing Base Metals Investing

AUC:CA

Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

TSXV: AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to further advance Company's existing portfolio of projects in Portugal and beyond, Mr. Christopher Osterman has been appointed as the Company's Chief Executive Officer effective August 4, 2022. Mr. Catalin Kilofliski, has been appointed as Goldplay's Executive Chairman and will continue to lead Company's strategy. Goldplay's current Chair of the Board, Dr. Deepak Malhotra has been appointed as Lead Independent Director

Chris Osterman, PhD Geologist, Chief Executive Officer

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Goldplay To Exhibit at PDAC, Booth 3352

TSXV:AUC)(OTCQB:AUCCF)(Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that it will be exhibiting at the annual 2022 Prospectors & Development Association of Canada Convention (PDAC), the world's premier mineral exploration & mining event. We invite all our shareholders and conference delegates to visit us at booth # 3352. The in-person event will be held at the Metro Toronto Convention Centre (MTCC) from Monday, June 13 to Wednesday, June 15, 2022

We welcome all stakeholders to come visit our senior team members who are attending PDAC from Portugal and BC and discuss one on one Goldplay's plans for 2022 and beyond.

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Goldplay Signs Letter of Agreement With Portuguese State Owned Mining Company and Files Joint Exploration Application in the World-Class Iberian Pyrite Belt

TSXV:AUC)(USOTCQB:AUCCF)(Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that it has signed a Letter of Agreement (the "LOA") with Empresa de Desenvolvimento Mineiro SA ("EDM"), a Portugese State owned mining company, in regards to an application submitted for a new exploration concession totaling 137 square kilometers ("Monte das Mesas " or the "Property") located in the world-class VMS district in the Iberian Pyrite Belt ("IBT"). The Company believes that the Property holds great potential to host significant base and precious metals mineralization

The LOA was signed by Goldplay and EDM on April 7, 2022 and the Property's exploration application has been filed with the Portuguese Mines Department on May 6, 2022. A consortium agreement will be signed upon granting of the mineral rights. EDM will participate with 15% and Goldplay with 85% in the consortium. EDM will have a free carried interest in the consortium until Goldplay has completed a total of 650,000 Euro in exploration costs. This amount represents the total of EDM's previous exploration expenditures on the Property. Future exploration costs in excess of 650,000 Euro will be funded by each party on proportional basis.

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Goldplay Drills 12.2m of 1.18% Copper, Including 5.5m of 2.33 % Copper at Aparis Mine, In Southern Portugal

TSXV:AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce new drill results from the Phase 1 drilling program completed at the Aparis Copper Mine ("Aparis") in Southern Portugal. The Aparis mine is part of the 73.2 km2 Barrancos exploration license, and two other projects, held by a private Portuguese company, Indice Crucial Lda ("Indice Crucial") on which Goldplay can earn up to 100% interest (see Company's news release dated June 23, 2021 for more details

HIGHLIGHTS

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Cygnus Starts Trading on OTCQB Market

HIGHLIGHTS:

Cygnus' common shares have qualified to trade on the OTCQB ^® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"),
Trading commences today under the ticker "CYGGF"

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce that its common shares have qualified to trade on the OTCQB ® Venture Market ("OTCQB"), a U.S. marketplace operated by OTC Markets Group Inc. (the "OTC"), and will commence trading today under the symbol "CYGGF". The common shares of the Company will continue to trade on the ASX and TSX Venture Exchange.

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WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce results from a supplemental metallurgical program (the "Metallurgical Program") for its wholly owned Casino Copper-Gold Project (" Casino ").

The Metallurgical Program used drill core composites of material representing potential mill feed taken from the 2023 diamond drilling program with more variable copper, gold, and molybdenum levels than had been tested in previous drill campaigns and from a broader period of planned mining.

Attractive Recoveries – Standard processing methods continue to produce good recoveries for copper and gold, consistent with previous metallurgical work. The program achieved significantly higher recoveries for molybdenum (approximately 90% in hypogene material versus overall 71% in the Feasibility Study).

High Grade Concentrates with Low Impurities – Casino would produce a high gold grade copper concentrate and a separate molybdenum concentrate. Both are expected to be highly marketable given the very low levels of impurities.

Further Potential Upside – Primary grind size for Casino is expected to be 210μm which compares quite favorably versus other similar projects. Initial coarse particle separation tests, conducted during this program, suggest an opportunity to further increase primary grind size without sacrificing recoveries.

"The latest metallurgical testing complements the work released in 2023 and now creates a fairly comprehensive picture of the attractive recoveries and metallurgical characteristics of the Casino Project. The project has the ability to produce highly sought after, high-grade concentrates into a market experiencing significant tightness, especially for cleaner concentrates such as those from Casino ." said Sandeep Singh , President and CEO.

Metallurgical Program

The outline of the Metallurgical Program and the review of the results were developed by Western's Technical and Sustainability Committee, which is comprised of members from Western, Rio Tinto and Mitsubishi Materials.

The fifteen composites of approximately 200 kg were subjected to detailed mineralogy, comminution testing, flotation testing and detailed analysis of copper concentrates. Composite preparation and all metallurgical test work was completed at ALS Metallurgy in Kamloops, B.C.

Table 1 shows the analysis of the composites and their associated lithology, either Supergene Sulphide (SUS) or Hypogene (HYP). The target composition was achieved for all composites except Composite 14, which contained very low grades and was subject to limited testing. Composite 8 was also excluded from the results below, as it was intentionally selected as an outlier to maximize deleterious content.

Casino has two main copper-gold zones, the Supergene Sulphide Zone which represents about 25% of the resource and the Hypogene Zone, which represents about 70% of the resource. The remaining 5% of the resource is represented by oxide materials.

Table 1 – Composites Used in Metallurgical Program

Composite	Zone	Cu	Cu (WAS) ¹	Au	Mo
Composite	Zone	( %)	( %)	(g/t)	( %)
1	SUS	0.26	0.023	0.40	0.015
2	HYP	0.10	0.001	0.12	0.002
3	SUS	0.29	0.016	0.38	0.018
4	HYP	0.26	0.005	0.35	0.021
5	HYP	0.17	0.003	0.20	0.013
6	HYP	0.12	0.002	0.13	0.008
7	SUS	0.25	0.025	0.25	0.005
8	HYP	0.25	0.003	0.31	0.013
9	HYP	0.24	0.003	0.34	0.027
10	HYP	0.16	0.003	0.18	0.015
11	SUS	0.29	0.036	0.17	0.029
12	SUS	0.37	0.046	0.44	0.029
13	SUS	0.31	0.071	0.40	0.011
14	HYP	0.06	0.004	0.08	0.009
15	SUS	0.22	0.025	0.16	0.004

¹ Cu (WAS) is the percentage of copper in the composite determined by weak acid soluble copper analysis

Flotation Test Results

Casino proposes using flotation to produce saleable copper-gold and molybdenum concentrates using an industry standard process flowsheet. Gold values are expected to be recovered within a copper concentrate and be payable under typical copper concentrate smelting terms and molybdenum is separated from a bulk copper-molybdenum concentrate to produce separate copper and molybdenum concentrates.

Table 2 depicts metallurgical recoveries obtained for hypogene composites using locked cycle testing. Hypogene samples demonstrate consistently high copper recoveries and very good quality copper concentrates. An average molybdenum recovery to a bulk copper-molybdenum concentrate of 90%, significantly higher than previous testing, was achieved for the hypogene composites without including Composite 2, which had a very low molybdenum head grade.

Table 2 – Summary of Locked-Cycle Flotation Results for Hypogene Composite Samples

Composite	Copper Concentrate Grade		Recoveries to Concentrate
Composite	Cu (%)	Au (g/t)	Cu (%)	Mo (%)	Au (%)
2	24.4	16.1	85.5	54.3	53.7
4	27.7	27.3	87.8	90.2	63.2
5	26.2	21.7	86.9	90.9	61.7
6	26.9	20.0	87.5	84.9	60.7
9	28.2	27.2	88.8	94.5	63.0
10	26.5	23.3	82.9	89.9	53.3

Table 3 shows locked cycle test results for supergene sulphide samples. Copper concentrate grade does not appear to be significantly impacted when processing supergene sulphide weathered materials. The reduction in overall copper recovery in flotation is a function of the weak acid soluble copper content (shown in Table 1) and is in line with previous test work. Molybdenum and gold recoveries are similar to previous test work.

Table 3 – Summary of Locked-Cycle Flotation Results for Supergene Sulphide Composite Samples

Composite	Copper Concentrate Grade		Recoveries to Concentrate
Composite	Cu (%)	Au (g/t)	Cu (%)	Mo (%)	Au (%)
1	26.7	32.2	76.5	74.2	58.8
3	28.8	32.8	77.0	85.3	59.6
7	19.3	13.5	83.4	74.3	62.5
11	27.6	13.5	79.6	76.4	57.6
12	27.7	26.2	87.0	86.7	62.9
13	18.1	17.8	73.6	86.4	58.6
15	27.4	20.9	71.0	34.4	58.6

Copper Concentrate Quality

The flotation concentrates produced from Casino continue to demonstrate very good grades in terms of copper and gold, as well as low levels of potential penalty elements. Table 4 shows a summary of copper concentrates produced from the recent test work, including key elements relevant to smelter terms. Average values for penalty elements, including As, Sb, Hg and F are shown to be well below typical smelter contract terms.

Table 4 – Casino Concentrate Analysis

Composite	Copper Concentrate Grades		Smelter Sensitive Elements
Composite	Cu (%)	Au (g/t)	As (%)	Sb (%)	Hg (g/t)	F (g/t)
1	26.7	32.2	0.01	0.00	0.33	50
2	20.3	13.6	0.17	0.09	0.12	140
3	28.8	32.8	0.02	0.00	0.04	70
4	29.1	26.5	0.01	0.00	0.02	60
5	29.7	22.3	0.01	0.00	0.02	60
6	29.4	18.7	0.03	0.01	0.03	60
7	19.3	13.5	0.20	0.06	0.59	70
9	30.1	28.7	0.34	0.09	0.13	90
10	26.2	22.1	0.07	0.17	0.23	90
11	27.6	13.5	0.01	0.00	0.23	70
12	27.7	26.2	0.18	0.11	0.47	100
13	18.1	17.8	0.03	0.01	0.27	70
15	27.4	20.9	0.18	0.05	0.86	290

Coarse Particle Separation Testing

A hypogene master composite was prepared for coarse particle flotation to test the impact on recoveries while increasing the primary grind size. In a single test, the grind size was increased from the project baseline of 210μm to 292μm with no significant change in overall copper and gold recoveries, and a small reduction in molybdenum recovery. The initial testing was promising and warrants future testing and evaluation.

Qualified Persons

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a "Qualified Person" as defined by NI 43-101.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world. For more information, visit www.westerncopperandgold.com .

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
President and CEO
western copper and gold corporation

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Such forward-looking statements herein include statements regarding the expected metallurgical performance, the marketability of the concentrates, the potential for further process optimization through grind size adjustments, and the broader market outlook for copper and molybdenum concentrates. These statements are based on current test results and interpretations, which may evolve as further metallurgical work is conducted.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events to be materially different from those expressed or implied by such statements. Such factors include but are not limited to the risk of unforeseen challenges in advancing the Casino project, potential impacts on operational continuity, changes in general market conditions that could affect the Company's performance; and other risks and uncertainties disclosed in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure documents.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to current metallurgical test results being representative of future recoveries, the availability of market demand for copper and molybdenum concentrates, and such other assumptions and factors as set out herein, and in the Company's annual information form and Form 40-F for the most recently completed financial year and its other publicly filed disclosure document.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results to be materially different from those anticipated, described, estimated, assessed or intended. These forward-looking statements represent the Company's views as of the date of this news release. There can be no assurance that any forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to and does not assume any obligation to update forward-looking statements other than as required by applicable law.

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SOURCE western copper and gold corporation

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Silver47 Identifies Critical Minerals Antimony and Gallium Potential in Addition to the High-Grade Silver-Gold-Zinc at the Red Mountain Project, Alaska

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company), has identified anomalous concentrations of several elements listed by both the United States and Canada as 'critical metals.' Following the 2024 drill program, a full review of historic and recent drill assays was undertaken with a focus on critical mineral potential. In addition to the high-grade zinc-silver-gold-lead-copper defined in the inferred resource, elevated amounts antimony (Sb), gallium (Ga), niobium (Nb), and vanadium (V) were found to occur within the Dry Creek (DC) and West Tundra Flats (WTF) resource zones.

Highlights

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Anteros Initiates Critical Mineral Deposit Modelling at Their Havens Steady VMS Property in Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce commencement of inaugural 3D modeling at its 100%-owned critical-mineral-bearing Havens Steady Property (the "Property"). The Property boasts a road-accessible Volcanogenic Massive Sulphide ("VMS") lead-zinc-silver ±copper-gold deposit, is close to hydroelectric power, and is located in an established mining district in south-central Newfoundland. Modelling of recently-digitized historical data will allow for effective targeting of zone extensions and the identification of wider and higher-grade zones, including areas of copper-gold enrichment. Follow-up exploration is scheduled for late spring and early summer 2025.

PROPERTY HIGHLIGHTS

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Date	Cash	Share Issuance in $ Equiv.	Aggregate of Work Expenditures
Upon signing the Definitive Agreement	$50,000
60 days after regulatory approval	$200,000	$250,000	NI 43-101 Report
One Year Anniversary	$75,000	$350,000	$0.2 Million
Two Year Anniversary	$100,000	$500,000	$0.3 Million
Three Year Anniversary	$150,000	$750,000	$0.5 Million
Four Year Anniversary	$175,000	$1,150,000	$0.5 Million
Total	$750,000	$3,000,000	$1.5 Million

Drill Hole	From (m)	To (m)	Drilled Width (m)*	Cu (%)	Au (g/t)	Structure
GBA2101**	46.05	48.05	2.00	---	5.87	140 west of Main vein
and	295.00	300.50	5.50	0.21	---	Main vein
and	318.50	321.50	3.00	0.31	---	Parallel vein
GBA2102	No significant results - old mine stope intersected @ 104.4-106.8 m
GBA2103	212.40	219.20	12.20***	1.18	---	Main vein
including	213.70	219.20	5.50	2.33	---	Main Vein
including	213.70	215.70	2.00	5.50	---	Main Vein

Drill Hole	Easting (UTM)	Northing (UTM)	Elevation (m)	Azimuth (degrees)	Dip (degrees)	Length (m)
GBA2101	668200	4221334	233	115	-60	359.30
GBA2102	668246	4221150	225	110	-45	150.00
GBA2103	668357	4221566	235	110	-70	315.00
TOTAL						834.3

Drill Hole	Interval	Antimony	Gallium	Silver	Gold	Zinc	Lead	Copper
ID	(m)	(ppm)	(ppm)	(g/t)	(g/t)	(%)	(%)	%
DC24-105	14.3	725.8	57.8	222.0	1.2	8.4	3.7	0.2
DC24-106	24.5	114.0	35.8	55.5	2.0	4.1	1.3	0.1
including	2.5	334.0	22.1	249.5	15.0	22.0	7.0	0.4
DC18-76	23.6	547.5	77.4	106.9	0.6	2.7	1.1	0.1
including	4.1	993.2	84.1	84.6	0.4	4.7	2.3	0.2
DC18-77	6.8	2,928.4	81.7	938.7	1.5	3.5	1.7	0.4
including	4.3	4,432.2	96.7	1434.8	2.2	4.8	2.3	0.5
DC18-79	4.6	1,074.0	55.9	233.3	1.8	6.4	3.4	0.2
and	6.1	743.4	35.0	384.6	5.5	15.9	6.3	1.2
including	4.7	868.4	29.8	466.0	6.9	19.5	7.8	1.5

Drill Hole	Interval	Antimony	Gallium	Silver	Gold	Zinc	Lead	Copper
ID	(m)	(ppm)	(ppm)	(g/t)	(g/t)	(%)	(%)	%
WT24-33	2.90	919.6	14.5	417.4	0.7	9.1	4.8	0.1
WTF83-17	1.90	954.5	9.8	620.7	3.6	16.5	6.7	0.4
WT18-28	3.50	991.2	9.8	517.5	2.1	15.1	6.7	0.2

David Southam Executive Chair T: +61 8 6118 1627 E: info@cygnusmetals.com	Ernest Mast President & Managing Director T: +1 647 921 0501 E: info@cygnusmetals.com	Media: Paul Armstrong Read Corporate T: +61 8 9388 1474

Drill Hole	From (m)	To (m)	Int. (m)	Cu %	Pb %	Zn %	Ag g/t	Au g/t	ZnEq*
HS-87A-86	33.10	73.60	40.50	0.01	0.68	0.81	8.40	0.07	1.74
including	71.25	72.60	1.35	0.03	1.96	6.03	53.49	0.14	9.53
HS-87-2	9.20	68.90	59.70	0.11	0.17	0.66	8.30	0.23	2.05
including	67.30	67.60	0.30	0.04	0.70	16.30	47.8	0.07	18.67
HS-87-2	103.35	107.10	3.75	0.06	0.72	3.91	n/a	0.12	4.89
HS-88-01	170.00	218.60	48.60	0.01	0.19	0.50	3.70	0.07	0.97
including	170.00	172.00	2.00	0.03	0.35	3.58	19.8	0.07	4.76
HS-88-02	62.50	64.60	2.10	0.27	1.28	4.45	30.81	0.37	8.19
HS-88-03	182.00	250.00	68.00	0.09	0.55	1.45	11.80	0.20	3.04
including	182.40	185.00	2.60	0.91	1.32	6.44	45.68	1.99	17.35
including	191.00	192.00	1.00	0.30	3.56	5.98	32.50	0.55	11.79
including	199.70	201.00	1.30	0.20	3.56	4.52	37.80	0.27	9.39
HS-88-05	286.00	287.00	1.00	0.22	4.48	16.80	21.00	0.21	21.57
HS-88-05	298.00	395.70	97.70	0.04	0.33	1.57	9.20	0.09	2.47
including	298.00	302.00	4.00	0.30	0.74	3.62	21.38	0.14	6.17
HS-88-05	317.00	322.00	5.00	0.09	0.41	2.43	14.40	0.19	3.99
HS-88-05	332.60	337.50	4.90	0.05	0.88	3.64	22.96	0.07	5.31
HS-88-05	345.40	349.40	4.00	0.01	0.49	2.97	15.00	0.07	4.01
HS-88-05	374.60	378.60	4.00	0.01	0.76	4.11	11.90	0.07	5.21
HS-88-06	108.50	109.50	1.00	0.66	0.23	6.52	28.00	0.55	11.30
HS-88-06	130.00	134.00	4.00	0.03	0.67	2.23	5.53	0.07	3.12
HS-88-07	410.40	413.90	3.50	0.14	2.72	9.89	28.43	0.54	14.49
HS-88-07	457.85	460.70	2.85	0.18	1.08	7.13	33.71	0.16	9.97
HS-88-07	476.70	516.70	40.00	0.01	0.26	1.07	7.60	0.08	1.75
including	484.70	487.70	3.00	0.01	0.44	2.72	9.67	0.07	3.55
HS-88-07	504.60	511.70	7.10	0.02	0.58	2.47	16.90	0.11	3.77
HS90-11	573.70	575.20	1.50	0.01	0.84	3.71	15.75	0.01	4.82
HS09-17	68.00	89.90	21.90	0.01	0.28	1.00	6.70	0.03	1.51
including	69.00	73.70	4.70	0.01	0.61	1.69	12.89	0.04	2.64
HS09-18	32.25	34.25	2.00	0.02	0.42	2.11	9.02	0.03	2.82
HS09-18	66.30	68.30	2.00	0.10	0.21	2.26	12.65	0.11	3.45
HS09-18	88.31	88.81	0.50	1.19	1.57	9.70	67.50	2.72	24.46
HS09-18	92.30	100.14	7.84	0.86	1.68	3.64	26.22	0.86	10.78
including	97.42	100.14	2.72	2.10	3.60	6.17	56.42	1.82	22.25
HS09-18	126.50	135.50	9.00	0.44	0.89	3.92	31.46	0.21	7.55
HS09-18	153.90	165.20	11.30	0.08	0.62	2.18	19.06	0.08	3.69
including	158.30	161.30	3.00	0.02	1.07	3.93	24.80	0.05	5.63
HS09-20	92.56	103.10	10.54	0.03	0.47	1.23	16.89	0.07	2.38
including	98.06	99.75	1.69	0.14	1.82	4.01	90.39	0.22	9.25

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