Diablo Resources Limited provided an Exploration Update relating to the three USA Gold and Copper exploration projects. Drilling at the Company's Western Desert Gold-Copper-Silver Project has been completed with results from 5 Diamond Drill (DD) holes (totalling 1,085 metres, WD001-005). The A3 Prospect is located within the central portion of the project area.

Stream sediment and soil sampling completed in 2020 outlined anomalous drainage areas (Au, Ag, Cu, As and Pb)2 over some +1,500m that correspond to the interpreted unconformity, regional structure between Cambro-Ordovician and Permo-Carboniferous sediments and associated with discrete gravity lows possibly representative of alteration. Two diamond drill holes, WD004 and WD005 were completed some 500m apart at the southern end of the target area. They intersected altered and oxidised lithic sandstones, shales and carbonates with both alteration increasing to the north in WD005.

WD005 intersected altered and oxidised limestones, shales and lamprophyre dykes with peak values of Ag to 17.7/t, Au to 0.31g/t, As to 207ppm, Sb to 10.4 ppm, Hg to 0.32 ppm and Ba to 2,200 ppm. Anomalous intercepts include: 11m @ 1.42 g/t Ag from 37m and; 110m @ 1.18 g/t Ag from 120m including 1m @ 17.7 g/t Ag; These intervals contain elevated anomalous As, Sb and Ba. Anomalous Au intervals include: 1.0m @ 0.31 g/t Au from 59m in oxidised - silicified sediment and 0.8m @ 0.2 g/t Au, 11.55 g/t Ag from 177.2-180m associated with the margin of a lamprophyre intruding black shale.

Lamprohyres are known to have a spatial association with Carlin style mineralisation in Nevada, notably at the Long Canyon Deposit, located 50km west of the Western Desert Project, where they provided pathways for mineralizing fluids or acted as aquitards/trapsites. (Ref: Age, Distribution and Composition of Igneous Rocks of Pequop Mountains, NE Nevada: Association with Carlin-Style Deposits (2016). Milliard, A., et al.

Researchgate.net) WD004 located 500m south of WD005 intersected a altered and oxidised lamprophyre from 80.46m to 88.60m returning anomalous Ag to 3.4 g/t, As to 392 ppm, Sb to 8.7 ppm, Tl to 2.3 ppm, Ba to 3,580 ppm and Mn to 1,280ppm with associated anomalous Au to 60ppb. Results from this initial early stage, wide spaced drilling at Target A3 are encouraging and support the Company's belief that mineralising fluids with Carlin-style characteristics exist in the Target area. Results for intervals 0-20m and 80-120m are awaited in hole WD005.

Two holes, WD001 & 002 were completed at Copper Blossom, targeting outcropping gold-copper- silver mineralisation over +350m of strike as defined by historical workings in altered carbonates and sediments, close to an intrusive contact. The drilling intersected variably altered and oxidised skarnified limestones/sediments proximal to granitic contacts with a peak result of 1.5m @ 0.17 g/t Au and 637 ppm Cu from 55.5m returned from WD001, in the projected down dip position of the old workings. The skarn style geochemical signature is characterised by elevated Co, Bi, Be, Mn, Ag, W, As and Ce and is now considered to be possibly an earlier mineralising event within the project area.

Deeper in the holes, closer to the postulated structural-unconformity target zone associated with an SE dipping antiformal limb, a package of oxidised, silicified, brecciated, veined and possibly de- calcified carbonates, graphitic siltstone/shale, conglomerates and fault breccias returned anomalous Ag over broad intervals with elevated associated elements including As, Sb, Ba, Mo, Tl and Te. Results included: WD001, 69.7 m @ 0.45 g/t Ag from 217m to end of hole at 286.7m and WD002, 72.4m @ 0.32 g/t Ag from 162m to end of hole at 234.7m. This deeper mineralisation intersected in holes WD001 and 002 share geochemical signatures with Carlin style mineralisation, and differ to that observed in the old workings and surface scrapings.

The Company is encouraged by the drilling at Western Desert Project, and further work aimed at understanding the down hole geochemical association has commenced. The Lone Pine Project is highly prospective for gold and comprises two Patented Mining Claims and a further 268 mineral claims covering an area of approximately 21.85 km2 located 10 km west of Salmon in Lemhi County, Idaho. The Company has secured Titan Drilling from Nevada to mobilise and commence diamond drilling the Lone Pine vein zone, a mineralised quartz-filled structure/shear, at depth as soon as access allows, anticipated to be late June to early July8,18.

Previous shallow drilling to 150m vertical depth intersected significant gold including 1.22m @ 17.02 g/t Au from 38.4m, 2.83m @ 7.08 g/t Au from 63.7m and 1.91 g/t Au @ 12.93 g/t Au from 106.9m14,15,18. The Company is awaiting approval from the United States Forestry Service (USFS) for the planned drilling program at the adjoining King Solomon Prospect. This approval is expected in the coming months and will allow the drill rig to move directly from the Lone Pine vein zone to the King Solomon Prospect where historic RC drilling returned results of 36m @ 1.7 g/t Au from 64m, 115m @ 0.74 g/t Au from 64m and 53m @ 0.50 g/t Au from 53m13,16.

An initial drill program of 8 holes for 2,000m is planned for Lone Pine vein zone and the King Solomon mineralisation. Drilling will be HQ3 diamond core to allow a larger sample size, as historical drilling identified coarse gold in the mineralised zones13. The Devil's Canyon Project, prospective for gold and copper, is located approximately 50 km north of Eureka and 100 km south of Elko, Nevada, USA.

The project consists of 90 mineral claims covering 6.56 km2 lying within the Carlin Trend in Nevada that has produced in excess of 195 million ounces of gold. The project is 20 km west of Kinross Gold Corporation's Bald Mountain Gold Mine and 40 km north of Barrick Gold Corporation's Ruby Hill Gold Mine. A maiden drill program at the Project was planned and submitted to the BLM in late 2021.

Approval is awaited. Geochemical sampling is planned at the project to better define the 4 identified mineralised zones that have returned numerous high grade results including peak rock sample results of Gold to 191.5 g/t, Silver to 524 g/t and Copper to 10.2%10.