Flynn Gold Limited to announce an update on exploration activity at its 100%-owned Golden Ridge Project in Tasmania. Reconnaissance Sampling: FG1 has received preliminary gold assay results from reconnaissance rock chip samples taken during the Company's recently completed mapping and rock chip sampling campaigns over the Golden Ridge Project area. Assays have been received to date for 33 rock chip grab samples collected from outcrop, float and historical workings at the Blinding, Link Zone and Trafalgar prospects within the main Golden Ridge target area. Trafalgar Prospect: The recent reconnaissance sampling carried out by Flynn at Trafalgar was undertaken following the identification of visible gold in quartz veins around shallow historical workings and newly identified strongly altered granodiorite outcrop (previously unsampled). A total of 7 rock chip samples were taken, of which 4 returned high-grade gold assays between 8.56 and 61.0 g/t Au. Sample 22566, containing visible gold in quartz veins from float rock in the vicinity of shallow historical pit diggings, returned the 61.0 g/t Au result. Significantly, sample 588178, taken from a newly located outcrop of ferruginous, sericite altered, and quartz veined granodiorite returned 10.9 g/t Au. A previous diamond drillhole (TFD001) by Tamar Gold (2013) at Trafalgar intersected a zone of quartz-sulphide veining which assayed 5.0 m @ 12.56 g/t Au1 from 202m, also hosted within altered granodiorite. The Trafalgar prospect is located along the south-eastern margin of the Golden Ridge granodiorite contact with hornfelsed Mathinna Group sediments. Historical workings at Trafalgar comprise numerous small pits with larger shafts and small costeans. Gold mineralisation is associated with quartz-arsenopyrite veining within both granodiorite and metasediment host rock. Trafalgar lies 2.5 km east of the Brilliant prospect. Link Zone Prospect: A total of 12 rock chip samples were collected in the Link Zone area during the recent reconnaissance sampling, with 7 of these returning anomalous assays (>0.1 g/t Au) ranging between 0.1 and 8.31 g/t Au (Table 1). Sample 587371, taken from float mullock material around shallow historical test pit workings contained disseminated fine grained visible gold in quartz veining and returned an assay of 6.3 g/t Au, while another nearby sample of float material returned 8.31 g/t Au. The Link Zone prospect is defined by a 2.5 km long ridge along the Golden Ridge granodiorite - metasediment contact between the Brilliant and Trafalgar prospects. Observations made during reconnaissance geological mapping over the Link Zone indicate extensive development of fractured limonitic meta-sandstone with sheeted to conjugate quartz veinlets and quartz vein breccia along most of the ridge line. Locally increasing coarse-grain mica content of sandstones in the zone is consistent with indicating increasing proximity to the granodiorite contact. Previous1 rock chip sampling over the zone has returned elevated to anomalous gold assays, with up to 6.24 g/t Au from comb quartz veined limonite-hematite stained sandstone. Blinding Prospect A total of 14 reconnaissance grab samples were collected over a 350 x 350 m wide area at Blinding. Of these, 7 samples returned anomalous assays (>0.1 g/t Au) ranging between 0.24 and 2.83 g/t Au. The Blinding prospect is located 500m west of Brilliant and is defined by a zone of ferruginous quartz veining occurring in silicified metasediments adjacent to the granodiorite contact. Geologic mapping and sampling of the broader Golden Ridge project area is continuing and the Company plans to carry out soil sampling and surface trenching at the Trafalgar, Link Zone and Blinding prospects pending approval of an exploration work program proposal submitted to Mineral Resources Tasmania in October 2021. In addition, the Company plans to drill a government co-funded drillhole at Trafalgar, following the completion of the Brilliant prospect drilling program. Results from a further 169 surface rocks samples collected over the broader project area are also awaited and are expected to assist with ongoing field targeting at Golden Ridge. Brilliant Drilling Update The drilling program at Brilliant continues in conjunction with other field exploration programs at Golden Ridge and new assay results are anticipated. At the time of this announcement, 9 drillholes have been completed for a total of 2,706.6m drilled to date. Current drilling continues to test for strike extensions, stepping out along strike to the south with drillhole BRDD010 recently commenced.