March Quarterly and Appendix 5B

• Successful Share Purchase Plan raises approximately $300,000
• Placement with major shareholders expected to raise approximately $200,000
• MOU with Misima Gold Project – 1.7moz Gold Resource
• Six new gold targets identified on Woodlark
• Kulumadau Gold Deposit part of Larger System
• March 31 cash position A$0.47 Million, excluding SPP and placement raisings

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