Dreadnought Resources Limited ('Dreadnought') is pleased to announce that it has been successful in its application for participation in the Australian Federal Government's Junior Minerals Exploration Incentive ('JMEI') scheme.

The Australian Taxation Office has confirmed that JMEI credits of $1,488,500 - the maximum possible for financial year 2024/25 - have been allocated to Dreadnought for potential distribution to eligible shareholders.

The JMEI scheme encourages investment in exploration companies that carry out greenfields mineral exploration in Australia, by allowing these companies to give up a portion of their tax losses for potential distribution to eligible investors. Dreadnought acknowledges the support of the Commonwealth of Australia in again making the JMEI available. Further acknowledgement also goes to the Association of Mining and Exploration Companies (of which Dreadnought is a member) for their championing of this initiative.

Contact:

Email: dtuck@dreres.com.au

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