Ausmon Resources Limited announced completion of the Phase 3 field-based exploration at Brungle Creek EL8954 and McAlpine EL9252 near Tumut, NSW. Four previously untested Targets 1, 2, 3 and 7 have been geochemically sampled (rocks and soils), whereas Target 6 could not be accessed for surficial exploration. In addition, the historical McAlpine Copper Mine and Campbells Chromite mine have been geologically mapped to scope out the aerial extent of the surface mineralisation.

Further reports will be released when the collected field data has been compiled and when analysis results have been received from the ALS laboratory. The tenements are located in South East NSW, 95 km east of Wagga Wagga and south from the Thuddungra (Nico Young) cobalt project of Jervois Mining Limited. The targets were identified by the Company from an earlier Satellite Alteration Study and a review of historic gold and copper rock chip results from previous explorers as reported in the NSW Government GIS website - Minview.

The field team used the Company's Olympus Vanta pXRF instrument to collect multi-element geochemical readings on site and any selected samples with elevated cobalt and other base metal reading will be sent to the ALS Geochemical Laboratory in Orange NSW for analysis. The results will determine the nature and extent of any follow up exploration. The Chief Technical Officer has met landholders to discuss future work and access agreements in preparation for future exploration as may be required.

The geological units across the project area from E to W as shown in are: · Young Granodiorite (pink) with several North-South shear zones, in the Jugiong Shear is shown to the north of Target 1. · Coolac Serpentinite (green-serpentinised ultramafic rocks) with faulted E and W contacts as shown by the black/white lines. Honeysuckle Beds (red - meta-basic rocks ie basalts and some ultramafics) with faulted E and W contacts as shown by the black/white lines. Metasediments and Felsic Volcanics of the Blowering Beds (yellow).

Target 1 Possible extension of the Jugiong Shear into the northern margin of the Brungle Creek tenement. Exploration includes geological mapping and rock sampling - the target commodity is gold. Target 2 This a broad elongate NW-SE target that transgresses the faulted contact of the Blowering Beds/Honeysuckle Beds and Coolac Serpentinite.

The historic Robin Mine is located at the southern end depicted as a blue hatched area. Exploration within this zone involves geological prospecting and rock sampling - the target commodities are gold, copper and cobalt. Target 3 This is the historic McAlpine Copper and Chromite Mines which are located within the Coolac Serpentinite Belt.

Exploration comprises detailed geological mapping to understand the geology, structure and mineralisation and rock sampling - the target commodities are copper, chromite and cobalt. Target 4 This is the historic Campbells and Chromite Mines that are located within the Coolac Serpentinite Belt. Exploration comprises detailed geological mapping to understand the geology, structure and mineralisation and rock sampling - the target commodities are copper, cobalt and chromite.

Target 5 This a North-South shear noted in the State 1:100,000 Tumut Geology Map. Exploration is same as for Target 2. Target 6 This is a historic copper prospect known as the Honeysuckle Copper Project and is a small 2m x 1m x 0.5m pit adjacent to the creek. The Satellite Alteration noted an elevated iron oxide and clay response so the exploration method planned is E-W soil traverses and rock sampling.

The target commodity is copper. The area could not be accessed on this site visit so no surficial geochemical exploration has been carried out. Target 7 This is the southern continuation of the shear in Target 5. Exploration is same as for Target 5.