Tempus Raises A$1.9M to Extend Drilling

Tempus Resources Ltd (“Tempus” or the “Company”) (ASX:TMR)(TSXV:TMRR) is pleased to announce that it has received firm commitments to complete a non-brokered private placement raising gross proceeds of approximately A$1.9 million through the issue of 12,465,425 ordinary shares in the Company at an average price equivalent to A$0.153 per share (the “Placement”). The Placement was strongly supported by North American and Australian institutional and sophisticated investors

Commenting on the Placement, President and Chief Executive Officer, Jason Bahnsen, said: “We plan to resume drilling at our high-grade Canadian Elizabeth Gold Project within the coming 6-8 weeks and the Placement will enable us to extend works there. Given the great results from last year, it’s very exciting to be getting back on the ground at Elizabeth with an enlarged drilling program.“

The Company began drilling at Elizabeth in November 2020 and completed 11 holes for 2,006 metres before suspending operations for the season in late-December. Assays returned bonanza grade gold intercepts including:

Drill-hole EZ-20-06: 5.0m at 61.3g/t gold from 116.5m, including 1.5m at 186.0g/t gold from 118.0m; and
Drill-hole EZ-20-10: 3.2m at 28.1g/t gold from 184.0m, including 0.5m at 178.0g/t gold from 184.5m

The 2021 exploration program at Elizabeth is fully permitted and on schedule to commence by the end of Q2 2021. Tempus currently plans 7,500 metres of drilling to expand the known high-grade gold mineralisation by testing the down plunge and along strike extensions of the currently delineated vein zones.

The Placement will be completed utilising the Company’s available capacity under Listing Rules 7.1 and 7.1A. It includes two tranches: Tranche 1, which consists of 6,400,000 shares to be issued as “Canadian flow-through shares” at C$0.155 per share; and Tranche 2, which consists of 6,065,425 shares at a price of A$0.145 per share.

The shares issued as “Canadian flow-through shares” qualify as such under the Income Tax Act (Canada), which provides tax credits for investors in qualifying mining and exploration activities. The proceeds of these will be exclusively used to incur eligible Canadian exploration expenses that are “flow-through mining expenditures” (as such terms are defined in the Income Tax Act (Canada)), related to exploration of the Company’s Blackdome-Elizabeth Gold Project in British Columbia, Canada. The Tranche 1 shares are subject to TSX Venture Exchange (“TSXV“) approval and will be subject to a standard Canadian 4 month plus 1 day hold period. Proceeds of Tranche 2 will be available for expenditure on the Company’s Ecuador projects and for general corporate purposes. Shares issued under Tranche 2 will not carry any holding restrictions.

Aesir Corporate Pty Ltd is the Company’s Corporate Adviser. The Placement is non-brokered and the Company has agreed to pay: A$114,608 in advisory / finders fees; plus 2,500,000 unlisted compensation options, with an exercise price of A$0.20 per share for a period of 3 years from the date of issue.

This announcement has been authorised by the Board of Directors of Tempus Resources Ltd.

Competent Persons Statement

Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Piepgrass has reviewed and verified the disclosure in this news release as accurate and consents to the inclusion of the data in the form and context in which it appears.

For further information:

Tempus Resources LTD
Melanie Ross – Director/Company Secretary Phone: +61 8 6188 8181

About Tempus Resources Ltd

Tempus Resources Ltd (“Tempus”) is a growth orientated gold exploration company listed on ASX (“TMR”) and TSX.V (“TMRR”) stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable ‎Canadian securities ‎legislation. Such forward-looking ‎information and forward-looking statements are not ‎representative of historical facts or information or current ‎condition, but instead represent only the ‎Company’s beliefs regarding future events, plans or objectives, many of ‎which, by their nature, are ‎inherently uncertain and outside of Tempus’s control. Generally, such forward-looking ‎information or ‎forward-looking statements can be identified by the use of forward-looking terminology such as ‎‎”plans”, ‎‎”expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, ‎‎‎”anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may ‎contain ‎statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be ‎taken”, “will continue”, ‎‎”will occur” or “will be achieved”. The forward-looking information and forward-‎looking statements contained herein ‎may include, but are not limited to, the ability of Tempus to successfully achieve business ‎objectives, ‎and expectations ‎for other economic, ‎business, and/or competitive factors.‎ Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus’ actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter and six months ended December 31, 2020 dated February 16, 2021 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions ‎underlying the ‎forward-looking information or statements prove incorrect, actual results may vary ‎materially from those described ‎herein as intended, planned, anticipated, believed, estimated or ‎expected.‎ Although Tempus believes that the assumptions and factors used in preparing, and the expectations ‎contained ‎in, the forward-looking information and statements are reasonable, undue reliance should not ‎be placed on such ‎information and statements, and no assurance or guarantee can be given that such ‎forward-looking information and ‎statements will prove to be accurate, as actual results and future events ‎could differ materially from those anticipated ‎in such information and statements. The forward-looking ‎information and forward-looking statements contained in this ‎press release are made as of the date of ‎this press release, and Tempus does not undertake to update any ‎forward-looking information ‎and/or forward-looking statements that are contained or referenced herein, except in ‎accordance with ‎applicable securities laws. All subsequent written and oral forward-looking information and ‎statements ‎attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this ‎‎notice.‎

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

SOURCE: Tempus Resources Ltd

View source version on accesswire.com:
https://www.accesswire.com/641914/Tempus-Raises-A19M-to-Extend-Drilling

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Further Drill Results Highlight Blue Vein Potential

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Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade (g/t Au)	MET Screen Grade (g/t Au)
EZ-21-09	58.60	59.10	0.50	0.43	0.31	Not Performed
EZ-21-12	117.80	118.80	1.00	0.85	47.6	33.7
and	130.70	131.20	0.50	0.43	26.4	Not Performed
and	163.90	164.40	0.50	0.43	5.50	8.41
EZ-21-19	127.50	128.00	0.50	0.43	4.52	Not Performed
and	129.00	130.50	1.50	1.28	4.25	Not Performed
and	167.80	168.70	0.90	0.76	4.50	6.14
EZ-21-24	pending
EZ-21-25	pending
EZ-21-26	pending
EZ-21-27	pending

		UTM	UTM
Hole ID	Target	Easting (NAD83	Northing (NAD83	Elevation (m)	Length (m)	Azimuth	Dip
		Z10)	Z10)
EZ-21-01	SW Vein	531203	5653771	2400	105	121	-52
EZ-21-02	SW Vein	531203	5653771	2400	132	146	-55
EZ-21-03	SW Vein	531203	5653771	2400	111	158	-47
EZ-21-04	SW Vein	531203	5653771	2400	135	168	-58
EZ-21-05	SW Vein	531078	5653776	2400	561	123	-48
EZ-21-06	SW Vein	531078	5653776	2400	255	110	-55
EZ-21-07	SW Vein	531203	5653771	2400	126	115	-75
EZ-21-07b	SW Vein	531203	5653771	2400	186	115	-75
EZ-21-08	SW Vein	531195	5653839	2427	231	115	-68
EZ-21-09	SW Vein	531200	5654020	2330	360	120	-48
EZ-21-10	SW Vein	530953	5653772	2390	354	127	-50
EZ-21-11	SW Vein	530953	5653772	2390	381	136	-50
EZ-21-12	SW Vein	530953	5653772	2390	375	125	-45
EZ-21-13	SW Vein	530919	5653596	2300	261	94	-45
EZ-21-14	SW Vein	530919	5653596	2300	261	108	-55
EZ-21-15	SW Vein	530919	5653596	2300	330	100	-55
EZ-21-16	SW Vein	530919	5653596	2300	330	83	-48.5
EZ-21-17	SW Vein	530919	5653596	2300	414	98	-63
EZ-21-18	SW Vein	530919	5653596	2300	351	128.5	-63
EZ-21-19	SW Vein	530953	5653772	2390	417	129	-58
EZ-21-20	SW Vein	530849	5653432	2260	300	129	-45
EZ-21-21	East Veins	531695	5653463	2120	357	90	-45
EZ-21-22	SW Vein	531195	5653839	2427	188	75	-45
EZ-21-23	SW Vein	531695	5653463	2120	165	91	-45
EZ-21-24	Blue Vein	530953	5653772	2390	219	84	-54
EZ-21-25	Blue Vein	530953	5653772	2390	201	105	-58
EZ-21-26	Blue Vein	530953	5653772	2390	198	95	-45
EZ-21-27	Blue Vein	530953	5653772	2390	195	150	-60
EZ-21-28	No.9 Vein	530953	5653772	2390	321	300	-55

Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-21-01	94.00	96.60	2.60	2.21	4.60	5.12	SW Vein
and	83.50	84.00	0.50	0.43	20.50	pending	SW Vein
EZ-21-02	102.40	109.00	6.60	5.61	8.40	pending	SW Vein
including	105.40	106.50	1.10	0.93	46.30	pending	SW Vein
EZ-21-03	88.60	95.00	6.40	5.44	7.22	pending	SW Vein
including	89.30	91.90	2.60	2.21	11.80	pending	SW Vein
and	90.00	91.30	1.30	1.11	19.80	pending	SW Vein
and	34.70	35.20	0.50	0.43	3.15	pending	SW Vein
EZ-21-04	122.00	126.00	4.00	3.40	31.20	34.40	SW Vein
including	123.00	124.50	1.50	1.28	52.10	68.30	SW Vein
including	124.00	124.50	0.50	0.43	72.00	87.30	SW Vein
EZ-21-05	134.00	135.00	1.00	0.85	1.38	not performed	7 Vein
	217.55	218.25	0.70	0.59	1.74	1.67	SW Vein
and	256.00	256.50	0.50	0.43	1.03	0.89	SW Vein
and	554.85	555.35	0.50	0.43	0.24	not performed	West Vein
EZ-21-06	134.50	136.00	1.50	1.28	1.10	1.71	7 Vein
and	245.00	246.00	1.00	0.85	2.05	2.45	SW Vein
EZ-21-07	Hole lost
EZ-21-07B	40.10	41.10	1.00	0.85	4.88	not performed	7 Vein
and	51.50	52.20	0.70	0.60	9.06	not performed	7 Vein
and	160.00	165.75	5.75	4.89	0.53	0.70	SW Vein
EZ-21-08	196.25	202.40	6.15	5.23	0.65	0.66	SW Vein
and	226.60	227.10	0.50	0.43	1.54	1.85	SW Vein
EZ-21-09	58.60	59.10	0.50	0.43	0.31	not performed	Blue Vein
and	270.90	272.90	2.00	1.70	2.56	not performed	SW Vein
and	355.88	357.00	1.12	0.95	0.85	not performed	SW Vein
EZ-21-10	223.00	223.50	0.50	0.43	4.04	not performed	7 Vein
and	347.70	349.20	1.50	1.28	0.22	0.21	SW Vein
EZ-21-11	326.90	327.40	0.50	0.43	0.55	0.44	SW Vein

Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-21-12	117.80	118.80	1.00	0.85	47.6	33.7	Blue Vein
and	130.70	131.20	0.50	0.43	26.4	not performed	Blue Vein
and	163.90	164.40	0.50	0.43	5.50	8.41	Blue Vein
and	344.90	347.00	2.10	1.79	0.78	1.22	SW Vein
EZ-21-13	230.70	232.60	1.90	1.62	0.76	0.71	SW Vein
EZ-21-14	224.00	224.90	0.90	0.77	1.63	1.15	SW Vein
EZ-21-15	318.40	320.80	2.40	2.04	0.31	not performed	SW Vein
including	320.30	320.80	0.50	0.43	1.14	not performed	SW Vein
EZ-21-16	305.00	306.90	1.90	1.61	0.55	not performed	SW Vein
EZ-21-17	171.00	171.50	0.50	0.43	0.14	0.57	Vein
and	204.00	204.60	0.60	0.51	0.53	not performed	vein
and	254.60	256.85	2.25	1.91	1.40	1.58	7 Vein
and	350.13	350.75	0.62	0.53	1.01	not performed	SW Vein
and	379.47	382.00	2.53	2.15	0.63	0.64	SW Vein
EZ-21-18	299.50	299.90	0.40	0.34	1.53	not performed	SW Vein
EZ-21-19	127.50	128.00	0.50	0.43	4.52	not performed	Blue Vein
and	129.00	130.50	1.50	1.28	4.25	not performed	Blue Vein
and	167.80	168.70	0.90	0.76	4.50	6.14	Blue Vein
and	351.80	354.90	3.10	2.63	0.34	not performed	SW Vein

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and qualityof sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples shouldnot be taken as limiting the broad meaningof sampling. Include reference to measures taken to ensuresample representivity and the appropriate calibration of any measurement tools or systemsused. Aspects of the determination of mineralisation that are Materialto the Public Report. In cases where ‘industry standard' work has been done this would be relatively simple(eg ‘reverse circulation drilling was used to obtain1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(eg submarine nodules) may warrant disclosure of detailed information.	HQ (63.5 mm) sized diamondcore using standardequipment. Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zoneswere sampled. Samples were half core. Typical core samples are 1m in length. Core samples sent to the lab will be crushedand pulverized to 85% passing75 microns. A 50g pulp will be fire assayedfor gold and multi-element ICP.Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotaryair blast, auger,Bangka, sonic, etc) and details(eg core diameter, triple or standardtube, depth of diamond tails, face-sampling bit or other type, whethercore is oriented and if so, by what method, etc).	Diamond Drilling from surface(HQ size)
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise samplerecovery and ensurerepresentative nature of the samples. Whether a relationship exists between samplerecovery and grade and whethersample bias may have occurred due to preferential loss/gain of fine/coarse material.	Detailed calculation of recovery was recorded, withmost holes achieving over95% No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.

Criteria	JORC Code explanation		Commentary
Logging		Whether core and chip sampleshave been geologically and geotechnically loggedto a level of detailto support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevantintersections logged.	Detailed geological and geotechnical loggingwas completed for each hole. Allcore has been photographed. Complete holes were logged.
Sub- sampling techniques andsample preparation		If core, whethercut or sawn and whetherquarter, half or all core taken. If non-core, whetherriffled, tube sampled,rotary split, etc and whethersampled wet or dry. For all sample types, the nature, qualityand appropriateness of the samplepreparation technique. Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance resultsfor field duplicate/second-half sampling. Whether sample sizes are appropriate to the grainsize of the material being sampled.	Half core was sampled, using a core saw. Duplicate samples of new and historical core are Quarter core or half core where not previously sampled Sample sizes are considered appropriate for the grainsize of the material being sampled. It is expectedthat bulk sampling will be utilisedas the projectadvances, to more accurately determine grade.
Quality of assay data and laboratory tests		The nature, qualityand appropriateness of the assaying and laboratory procedures used and whetherthe technique is considered partialor total. For geophysical tools,spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, readingtimes, calibrations factorsapplied andtheir derivation, etc. Nature of qualitycontrol procedures adopted(eg standards, blanks,duplicates, external laboratory checks) and whetheracceptable levels of accuracy (ie lack of bias) and precision have been established.	Core samples that have been sent to the lab for analysis include control samples(standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples. In addition to the minimumrate of inserted control samples, a standard or a blank is inserted following a zoneof mineralization or visible gold Further duplicate sampleswere analysed to assess variability
Verification ofsampling and assaying		The verification of significant intersections by either independent or alternative companypersonnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	Re-assaying of selectedintervals of historiccore have been sent for analysis.

BHID	East	North	Elev.	Az.	Dip	Length		From (m)	To (m)	Int. (m)	Au g/t	Target
KDD0080	228997	775340	338	70	-50	233.05		32.00	34.00	2.00	1.80	Jagger
								49.00	51.00	2.00	2.18	Jagger
								60.00	61.00	1.00	2.31	Jagger
								70.00	76.00	6.00	0.91	Jagger
								100.00	102.20	2.20	0.99	Jagger
								115.00	117.00	2.00	0.59	Jagger
								126.00	127.00	1.00	1.86	Jagger
								181.00	182.00	1.00	1.10	Jagger
								201.00	207.05	6.05	0.67	Jagger
							incl.	205.00	207.05	2.05	1.43	Jagger
								221.85	223.00	1.15	1.19	Jagger
KDD0081	228958	775353	333	70	-50	266.05		31.00	32.00	1.00	2.02	Jagger
								45.00	46.00	1.00	1.52	Jagger
								70.00	72.40	2.40	1.04	Jagger
								78.00	80.00	2.00	0.67	Jagger
								123.00	124.00	1.00	1.49	Jagger
								130.00	133.00	3.00	1.15	Jagger
								140.00	148.00	8.00	2.13	Jagger
							incl.	140.00	142.00	2.00	7.00	Jagger
								175.10	176.20	1.10	1.79	Jagger
KDD0082	228973	775257	364	70	-50	293.05		22.00	23.00	1.00	1.51	Jagger
								104.00	105.00	1.00	6.61	Jagger
								110.00	111.00	1.00	1.42	Jagger
								128.00	158.00	30.00	0.64*	Jagger
							incl.	128.00	138.25	10.25	0.80	Jagger
							incl.	143.00	145.00	2.00	1.90	Jagger
							incl.	148.00	158.00	10.00	0.60	Jagger
								161.40	164.00	2.60	0.65	Jagger
KDD0083	229013	775240	361	70	-50	236.05		32.00	33.00	1.00	3.73	Jagger
								62.00	63.00	1.00	3.17	Jagger
								71.00	72.00	1.00	8.42	Jagger
								80.00	84.00	4.00	0.87	Jagger
								100.00	101.00	1.00	1.33	Jagger
								104.00	105.00	2.00	1.29	Jagger
								109.40	117.00	7.60	0.35	Jagger
								123.00	130.00	7.00	1.18	Jagger
								138.00	144.00	6.00	2.07	Jagger
								161.00	163.60	2.60	1.04	Jagger
KDD0084	229018	775216	361	70	-50	164.05		67.00	69.00	2.00	0.83	Jagger
								80.00	83.00	3.00	1.00	Jagger
								88.00	96.00	8.00	1.41	Jagger
								106.00	127.50	21.50	1.14*	Jagger
							incl.	106.00	110.00	4.00	1.99	Jagger
							incl.	115.00	119.00	4.00	1.27	Jagger
							incl.	126.00	127.50	1.50	4.93	Jagger
KDD0085	228982	775175	358	70	-50	182.05		83.00	84.00	1.00	2.38	Jagger
								106.00	126.00	20.00	1.41*	Jagger
							incl.	113.00	117.00	4.00	1.25	Jagger
							incl.	121.00	126.00	5.00	3.70	Jagger
							incl.	123.00	125.00	2.00	8.47	Jagger
								154.00	161.00	7.00	1.20	Jagger
								169.00	172.00	3.00	1.38	Jagger
KDD0086	229024	775165	345	70	-50	143.00		71.60	73.00	1.40	1.63	Jagger
								82.00	89.00	7.00	1.04	Jagger
								95.00	107.00	12.00	0.68	Jagger
								118.00	123.00	5.00	0.69	Jagger
Notes:
Cut-off using 2.0 m at 0.30 g/t Au
Intervals are reported with no more than 3 m of internal dilution of less than 0.3 g/t Au except where indicated*

Criteria	JORC Code explanation		Commentary
Mineral tenement and land tenurestatus		Type, reference name/number, location and ownership including agreements or material issueswith third partiessuch as joint ventures, partnerships, overriding royalties, nativetitle interests, historical sites, wilderness or national park and environmental settings. The securityof the tenureheld at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Blackdome-Elizabeth Projectis comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases. The Property is located in the Clintonand Lillooet MiningDivisions approximately 230 km NNE of Vancouver Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement (refer to ASX announcement 15 December 2020) A net smelterroyalty of 3% NSR (1% purchasable) appliesto several claimson the Elizabeth Property. No royalties applyto the Blackdome Property or Elizabeth Regional Properties. There are currently no known impediments to developing a project in this area, and all tenure is in good standing.
Exploration done by other parties		Acknowledgment and appraisal of exploration by other parties.	In the 1940s, placergold was discovered in Fairless Creek west of Blackdome Summit.Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartzveins on the southwest slopeof the mountain that resulted in the stakingof mining claimsin 1947. EmpireValley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basicsurface work during the 1950s. The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surfacework in additionto underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with variousjoint venture partnersthat resulted in a positive feasibility study. A 200 ton/daymill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, havingproduced 225,000 oz of Au and 547,000oz of Ag from 338,000tons of ore (Godardet al., 2010) After a period of inactivity, Claimstaker Resources Ltd. tookover the project, reopening the mine in late 1998.

Criteria	JORC Code explanation	Commentary
Drill hole Information	A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: easting and northing of the drill hole collar elevation or RL (Reduced Level- elevation abovesea level in metres) of the drill hole collar dipand azimuth of the hole down hole lengthand interception depth hole length. If the exclusion of this information is justified on the basisthat the information is not Material and this exclusion does not detractfrom the understanding of the report, the Competent Person should clearlyexplain why this isthe case.	Refer to Appendix 1 for drillhole collar information
Data aggregation methods	In reporting Exploration Results, weighting averaging techniques, maximum and/orminimum grade truncations (eg cutting of high grades)and cut-off gradesare usually Material and should be stated. Where aggregate intercepts incorporate short lengthsof high grade results and longer lengthsof low grade results, the procedure used for such aggregation shouldbe stated and some typicalexamples of such aggregations shouldbe shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated.	Intervals reported usingseveral samples are calculated using a weighted average. Calculated intervals usinga weighted averagedid not use a top cut on high-grade samples.High-grade samples are reported as ‘including' Calculated weighted averageintervals are continuous intervals of a mineralized zone and do not includeunsampled intervals or unmineralized intervals.
Relationship between mineralisation widths andintercept lengths	These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known,its nature shouldbe reported. If it is not known and only the down hole lengths are reported, thereshould be a clear statement to this effect(eg ‘down hole length, true width not known').	In general, drilling is designed to intersect the mineralized zone at a normal angle,but this is not always possible. For the reported intervals, true widthsare reported where mineralized core was intactand possible to measure the orientation. Otherwise the true widthis left blank
Diagrams	Appropriate maps and sections (with scales) and tabulations of intercepts shouldbe included for any significant discovery being reportedThese should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.	Refer to maps within announcement for drill hole locations.

Criteria	JORC Code explanation	Commentary
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widthsshould be practiced to avoid misleading reporting of Exploration Results.	Where broader low-grade intervals are reportedthe high-grade intercepts are reported as ‘including' within the reported interval
Other substantive exploration data	Other exploration data, if meaningful and material, shouldbe reported including (but not limitedto): geological observations; geophysical survey results;geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones. The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling. The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2. This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep
Further work	The nature and scale of planned furtherwork (eg testsfor lateral extensions or depth extensions or large- scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drillingareas, provided this information is not commercially sensitive.	Tempus plans to update historical NI43-101 foreign resource estimates to currentNI43-101 and JORC 2012 standards Tempus is also seeking to expand the scale of the mineralisation at the projectthrough further exploration.

Tempus Raises A$1.9M to Extend Drilling

Arbitration and legal fallout

A disputed settlement

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Alex Rovira - Managing Director

Richard Crookes - Non-executive Chairman

Andrew Rich - Executive Director

Ashley Fraser - Non-executive Director

Jonathan Downes - Non-executive Director

Dean Vallve – Chief Development Officer

Nicky Martin – Chief Financial Officer

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