Great Boulder Resources provided an update on recent exploration activity at the Side Well Gold Project near Meekatharra and the Whiteheads Project near Kalgoorlie in Western Australia. Side Well Gold Project: During November and December GBR's geologists completed a large-scale mapping exercise over the south-eastern area of Side Well with the aim of improving the Company's understanding of the stratigraphic and structural framework of that part of the Polelle Syncline. While mapping was underway the team also sampled any available bottom-of-hole chips from historic drilling within the mapping area in order to collate surface observations with lithogeochemical data.

Once all assays are received and collated the combined mapping project will provide a greatly improved understanding of the local and regional geology, age relationships and possible thrust structures, all of which will assist with ongoing exploration targeting in the area. A program of 355 auger samples has been completed in the Ironbark North area. This program infills previous GBR auger sampling from 400 by 50m spacing to 200 by 50m to provide improved definition of geochemical anomalies int the area.

Next Steps: A maiden Mineral Resource Estimate (MRE) is being prepared by an external consultant using all drilling and geological information collected from Mulga Bill and Ironbark. The purpose of the resource is two-fold, and it will: 1. Quantify the high-grade gold mineralisation defined by Great Boulder's drilling over the past two years at Side Well; and 2. Demonstrate the broader potential of the project. The MRE is expected to be ready within the next four weeks, with resource estimation workstreams now well advanced.

Challenge Drilling will return to site to recommence RC drilling at Ironbark and Mulga Bill in the first week of February to follow up growth opportunities highlighted by the MRE. Whiteheads Project: A program of 416 soil samples has been completed at the Painkiller and nearby Leachers prospects during January, sampling the ferruginous horizon for potential base metals anomalism. Assays are expected in mid to late March and will be used to define and prioritise targets for follow-up exploration programs.