IRIS Metals Limited announced the acquisition of additional tenure at its 100% owned Kookynie Gold Project, located approximately 60km South of Leonora, in the goldfields of West Australia. Highly prospective tenure acquired in Kookynie, contiguous with IRIS' Kookynie Gold Project. Increases IRIS' land holdings in the central corridor of Kookynie by an additional 399 Ha (3.99 km2) through the acquisition of P40/1563, P40/1559, P40/1345, P40/1502 and P40/1503.

P40/1563 is host to the historic high-grade Standard Mine, which according to historic records produced 1,783 tons at an average of 15.27 g/t Au. All tenure is contiguous with existing IRIS tenure. P40/1563, P40/1559 are currently in application phase and P40/1345, P40/1502 & P40/1503 are granted tenure.

With respect to the acquired tenure, it is the Company's intention to conduct various desktop reviews, a review of aeromagnetic geophysical data (the raw data which IRIS owns by default of the aeromagnetic survey already completed) and compile historic information for future integration into future exploration programs. The historic Standard Mine located on P40/1563 contains historical recorded production of 1,783 tons at an average grade of 15.27 g/t. This is in line with the high-grade tenor of the historic Kookynie gold field.