Hamelin Gold Limited (Hamelin or the Company) introduced a series of new camp scale gold targets identified in the West Tanami project, Western Australia. New interpretation of geochemical and geophysical data identifies multiple camp scale gold targets in the 100% owned West Tanami project (West Tanami) Recognition of strong bismuth-gold association outlines multi-kilometre scale untested anomalies New insights into the structural history of the region leads to the definition of corridor scale conceptual targets Field programs to commence in April 2023 and includes: - RC drilling up dip and along strike of the high-grade gold discovered at Sultan (April 2023) - RC drilling of the Eastern Corridor targets at Fremlins (May 2023) - Surface geochemical programs at Fremlins, Sultan and Far SW Corridors (May 2023) - Aircore drilling at the Newkirk and Olsen prospects (May-June 2023). New Camp Scale Gold Targets The combination of the new geochemical learnings and the structural re-interpretation has delivered a suite of high quality, camp scale gold targets across the West Tanami.

These new target areas include the Newkirk, Sultan and Far Southwest Corridors, and the Olsen target. The Newkirk Gold Corridor hosts the Camel prospect in the west and extends for 6 kilometres in an ENE orientation. Beyond the immediate Camel area historical drilling is limited to shallow RAB drilling (generally <10 metres) with only 9 holes along the corridor drilled deeper than 20 metres.

Given the deep weathering profile, and known metal leaching confirmed in the Tanami, the drilling across this corridor is considered ineffective for gold exploration. The main untested geochemical anomaly within the corridor is located 1.8 kilometres east of Camel and is named the Newkirk prospect. A +1.5-kilometre-long coincident gold and bismuth LAG anomaly is located at an interpreted flexure of the antiformal fold axis (see).

This structural setting is considered an ideal conceptual target and the coincident and extensive geochemical anomalism make Newkirk a high priority targetfor drilling in 2023. The strongest of the bismuth anomalism at Newkirk is located in the NE of the anomaly. No bismuth analyses was completed on the LAG samples taken further to the east and north of this line and as such this anomaly remains open.

Due to the deep weathering and the relative immobility of bismuth it is interpreted that stronger bismuth anomalism in surface sampling may indicate areas of stronger primary gold mineralisation at depth. This hypothesis will be tested at Newkirk with drill testing planned to traverse the central and north- eastern extents of the prospect. This program will be completed May-June 2023.

The gold potential of the Sultan prospect was highlighted by a single diamond hole drilled in 2022 to evaluate a +1km long coincident gold­bismuth anomaly located on a previously untested granite contact. Drill hole TSD0007 intersected a veined and altered shear zone returning high grade results: · 7.6 metres at 3.2 g/t Au from 326.2 metres including · 1.1 metres at 15.9 g/t Au from 329.7 metres This mineralised intersection remains open along strike and up-dip and highlights the potential for a new mineralised corridor at Sultan. Re-interpretation of the structural setting of Sultan has highlighted a significant possible extension to the gold corridor further to the east into an area of no previous exploration activity.

The 10km long granite contact at Sultan currently contains only one effective drill hole and limited surface geochemical sampling along a 3km section of the prospective contact. This new gold corridor is considered a high priority target and will be a focus for additional surface geochemistry and drilling in 2023. The initial program will be completed April to May 2023 starting with targeted RC drilling in the area immediately up dip and along strike of TSD0007, whilst a surface geochemical program will cover amenable areas along the corridor to the west and east of existing sampling.

The re-interpretation of detailed aeromagnetic data acquired by the Company in 2021 has been assisted by identification of a series of late post mineralisation faults. The moving back of geological blocks or unfaulting of these late faults is depicted in a and 5b and has provided new insights into the structural architecture of the area at the time of the gold mineralisation event. A key outcome of this work has been the identification of a major flexure in a north-south orientated structure heading north from the Camel prospect.

This structure has been named the Hero Fault and bounds the eastern margin of a significant regional gravity anomaly. The Hero Fault forms part of a major interpreted mineralising corridor and is associated with the known gold occurrences at the Camel and Bandicoot prospects. The Hero Fault makes a distinct flexure approximately four kilometres north of the Bandicoot prospect.

A second order splay structure propagates from the interpreted flexure point and trends to the north- west. This splay structure is associated with a coincident 2.5 kilometre long gold anomaly in LAG and a distinct zone of magnetic enhancement. No previous bismuth analyses have been completed on the surface samples taken in this area.

The 2023 field program commences in April initially with RC drilling and surface geochemical programs at Sultan and Fremlins prospects. Regional aircore programs are then planned for a number of the new, high priority camp scale targets across the project. The initial programs of the 2023 campaign will include: · RC drilling up dip and along strike of TSD0007 at Sultan · RC drilling of the Eastern Corridor at Fremlins · Surface geochemical programs at Fremlins South and along the Sultan and Far SW Corridors · Aircore drilling at Newkirk and Olsen prospects The results of this initial program will direct programs in the second half of the year.