Mineral Hill Exploration Potential

In addition to the resources identified at Parkers Hill and Pearse, KBL Mining has identified numerous targets adjacent to the existing underground mine infrastructure that have the potential to provide medium term ore feed to the re-started process plant. This includes targets in the Southern Ore Zone, the West Iodide structure and the GD140 zone.

KBL Mining is pursuing regional targets within EL1999 defined with a combination of geophysics, geochemistry and reconnaissance drilling. The focus of this work is to target additional Pearse-style gold mineralisation. In addition, the Company will evaluate shallow copper-gold mineralisation at its Iron Duke prospect, located 50 kilometres northwest of the Mineral Hill plant.

Short Term Exploration Targets

Iron Duke - 50km from Mineral Hill

Mineralised Envelope - 550m x 140m x 15m.

Specific Gravity - 2.7