Golden Mile Resources Limited advised that it has received assay results from the 1m resampling of drilling carried out at its 100% owned Yuinmery Gold and Base Metal Project, located in the Murchison region of Western Australia. The Company previously announced positive gold results from 4m samples from the drilling: The 1m sample results were in line with expectations with the best results as follows: YAC032: 6m @ 1.49 g/t gold from 12m (including 1m @ 7.30 g/t); and YAC018: 5m @ 1.35 g/t gold from 6m (including 1m @ 3.20 g/t and 1m @ 2.17g/t); Yuinmery Project upgraded by these positive gold results.; Results demonstrate the high-grade potential of gold bearing reefs along the Yuinmery Fault.; Gold mineralisation is co-incident with geophysical structural targets that remain open.; Drilling has confirmed the geological setting is highly prospective for gold.; Follow up drilling required to close off mineralisation and test new targets. The Yuinmery Project is situated in the Youanmi Gold Mining District, approximately 10km east of the Youanmi Gold Mine, in the Murchison region of Western Australia.

Recently there has been several significant gold discoveries within the Youanmi district which include Rox Resources Ltd.'s Youanmi Gold project and Ramelius Resources Ltd.'s high grade Penny West project. The Company previously announced positive results from 4m composite samples from aircore drilling comprising of 135 aircore holes for 2,271m. The drilling was completed to test the Elephant Reef, Ladies Patch and Hammerhead gold geochemical targets.

The holes were initially sampled using compositing 4m intervals ("4m composites"). Subsequently the Company submitted 1m samples collected from the anomalous 4m intervals and the results from the 1m samples have now been received. These 1m sample results were in line with expectations with the best results as follows: YAC032: 6m @ 1.49 g/t gold from 12m (including 1m @ 7.30 g/t); and YAC018: 5m @ 1.35 g/t gold from 6m (including 1m @ 3.20 g/t and 1m @ 2.17g/t).

The 1m results confirm that high grade gold mineralisation is associated with quartz veining located within a highly prospective structural setting along the regional scale Yuinmery fault. Furthermore, the best results occur at the end of the drill line traverses and remain open. When the results are interpreted using the newly acquired 50m line spaced detailed aeromagnetic data, there are co-incident aeromagnetic structures which appear to be associated with gold mineralisation which remains untested, and the drilling needs to be extended to cover these areas.

In addition to mapping out potential mineralised structures intersected in the aircore drilling there are further structural targets co-incident with or adjacent to untested gold soil anomalies that can be identified in the detailed aeromagnetic data. Next Steps: Golden Mile will plan further aircore drilling to extend the known gold mineralisation and test the adjacent aeromagnetic structure at Elephant Reef, as well as drill testing aeromagnetic structures adjacent to the other geochemical targets. The Company will also carry out further assessment of the nickel potential of the mafic and ultramafic sequence.