Flynn Gold Limited provide an update on the latest results of its drilling program currently underway at the Trafalgar Prospect, located within the Company's Golden Ridge Project (EL17/2018) in northeast Tasmania. diamond hole of the Company's drilling program at the Trafalgar Prospect. The hole was designed to target extensions to an historical drill hole intercept of 5.0m @ 12.56g/t Au 1 and to provide important stratigraphic, structural, and mineralogical information to advance the Company's understanding of the mineralisation system at Trafalgar.

Subsequent drilling, which is currently in progress, is testing for extensions to the gold mineralisation encountered in holes TFD001 and TFDD002 over a strike length of 250m and Sampling of lower priority sections of hole TFD002 is on-going and any significant results will be reported in due course. The high-grade gold mineralised intercepts are generally associated with quartz-sulphide visible gold bearing veins and vein breccia hosted in biotite- hornfelsed sediments of the Mathinna Group2. The main mineralised vein sets appear to strike ENE-WSW and dip steeply to the SE.

Projections of the vein zones to surface are being followed up with surface mapping and sampling. A wedge hole, TFDD002B, was drilled off TFDD002 from a depth of 123 metres down hole and was completed to a depth of 420.6 metres. TFDD002B did not deviate from the line of TFDD002 as much as was planned and the mineralised zones intersected in TFDD002B were in similar locations to TFDD002.

They will provide valuable comparative geological information and assay results of these zones in due course. Hole TFDD003 was drilled towards the south from an offset position approximately 100 metres west along the interpreted strike of the main mineralised veins intersected in TFDD002. Logging and selective sampling for assaying of likely mineralised zones within TFDD003 is well advanced.

Hole TFDD004 has been commenced from the same collar position as TFDD003. This hole is being drilled at a steeper dip to test for mineralisation below TFDD003. Once hole TFDD004 is completed the Company plans to drill additional hole(s) to test for along strike and up-dip extensions of the multiple gold bearing veins intersected in drilling to date.

Concurrent with the Company's drilling at the Trafalgar Prospect, drilling and associated exploration activities at other Northeast Tasmanian prospects remains on-going. The Company completed a diamond drilling program at the Brilliant Prospect at the Golden Ridge Project in April 2022. A total of fourteen holes for 4,222 metres were drilled.

Selective drill core sampling has been completed and the Company is awaiting final assay results before updating the geological model for this prospect. The Company completed its Phase 2 diamond drilling program at the Grand Flaneur Prospect within the Portland Project in July 2022. Four holes for 1,190.5 metres were completed.

Core logging, cutting and selective sampling is ongoing. Once all sampling and assay results are received the Company will update its geological model for this prospect. The Company recently completed a regional scout reverse circulation drilling program at the Golden Ridge Project.

In total 12 RC holes for 1,455 metres were completed across the Kensington Blinding and Link Zone prospects. This RC program is the first recorded drilling undertaken at these prospects. and was designed as a scout program to test previously undrilled priority target areas identified by the Company.

Sample assaying is underway. Recent exploration activities at the Mangana and Lisle Projects have involved historical data reviews, prospect reconnaissance to confirm access, geological mapping and sampling. It is expected that this work will lead to the generation of targets for future drill testing.

The Company looks forward to updating the market on the results and analysis of these exploration activities as they become available.