GBM Resources Limited completed its initial diamond core and reverse circulation drill program at the Mt Coolon Gold Project (Mt Coolon). The activities covered: Drilling a total of 3,415 m; 11 holes at the Glen Eva prospect and 3 holes at the Koala prospect. The company also completed a 31 line km 3D and 2D Induced Potential (IP) geophysics surveys to test a +6 km long section of the Glen Eva ­ Eastern Siliceous epithermal gold trend (GEES) Glen Eva Prospect: Drill hole (20GEDD011) intersected a 13.4 m (down hole) wide epithermal vein hosting 8.9 m @ 1.66 g/t Au and 18.6 g/t Ag from 281.1 m, including higher grade pulses of mineralisation of 1 m @ 6.75 g/t Au and 41.5 g/t Ag and 1 m @ 4.09 g/t Au and 72.6 g/t Ag reporting to high grade ginguro bands of fine dark sulphide. This intersection doubles the strike extent of the Glen Eva gold system and provides strong epithermal vectors for further drilling to the SE to test for shoots of high-grade gold and silver mineralisation. GEES epithermal gold trend: Results to date of the IP geophysics program have identified a target outlined by a large, open ended, low order chargeability and resistivity anomaly localised at a permissive structural intersection, interpreted to potentially represent a halo to an epithermal vein zone concealed by post mineral cover. This anomaly is a key exploration target for the 2021 program. Within the GEES epithermal gold trend, lies the Eastern Siliceous prospect which recorded historic drilling at the prospect that outlines zones of near surface strata bound gold mineralisation. Best intersections were from holes: 92GERC007: 7.0 m @ 2.44 g/t Au from 65.0 m, inc. 1m @ 13.52 g/t Au and 92GERC012: 19.0 m @ 1.60 g/t Au from 55.0 m, inc. 1 m @ 9.90 g/t Au. Further surface exploration is planned at the prospect including completing the 3D IP geophysics in June 2021, with follow up drilling to test for higher grade strata bound mineralisation and high grade feeder zones to the known mineralisation. Koala Prospect: 3 of the 5 holes planned were completed with the other 2 holes to test priority targets under known high grade shoots at the northern end of the resource rescheduled to early 2021 due to a combination of weather and equipment availability towards the end of the year. The GEES gold trend is a +6 km long WNW striking mineralised corridor defined by a series of structures evident in detailed aeromagnetic data and an alignment of gold prospects, including Glen Eva deposit at the NW end and the Eastern Siliceous prospect at the SE end of the Trend. By December 2020, GBM completed approximately 40% of combined 2D and 3D IP geophysical survey, partly funded by an AUD184,000 Queensland Government CEI grant, to test the GEES trend for mineralisation concealed by post mineral cover. Results to date have identified a large, open ended, +5 mv/v (peak value 10 mv/v) chargeability and coincident low order resistivity anomaly localised at a permissive structural intersection in the centre of the GEES gold trend. Post mineral cover in the area of the anomaly, means the area has not been previously tested by soil geochemistry or drilling. Chargeability and resistivity anomalies of the scale and magnitude identified in the GEES trend may represent the pyrite ­ argillic wall rock alteration halo to an epithermal vein zone, highlighting the GEES geophysics anomaly as a key target for exploration in 2021. Targets identified at Glen Eva, Eastern Siliceous prospect and the partially defined geophysical anomaly highlight the GEES gold trend as a key focus of GBM's Mt Coolon priorities for the 2021 exploration program.