Moho Resources : Exploration Update Silver Swan North

EXPLORATION UPDATE - SILVER SWAN NORTH

HIGHLIGHTS:

• • High grade bedrock gold mineralisation within a broader zone of gold and arsenic anomalism was intersected in RC hole 21SSC009 close to Tyrell's gold prospect:

  • - 3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m

  • - 2m @ 0.42 g/t Au from 110m

  • - 2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

• • Diamond drilling: 21SSC005 extended from 165m with diamond drilling to test Omrah EM anomaly:

  • - 1st Conductor intersected at 377.2m downhole and identified to be a black shale unit associated with massive pyrrhotite mineralisation

  • - 2nd Conductor intersected at 480m downhole identified as large shear zone

  • - Hole cased for follow-up down-hole EM survey

• • RC holes 21SSC011 - 21SSC014 drilled at Wise prospect all intersected ultramafic units and holes cased for down-hole EM surveys

• • Report submitted to DMIRS for part-payment of ~$100,000 of EIS co-funded drilling grant

NEXT STEPS:

• • Down-hole EM surveying of diamond hole and RC holes

• • Geochemical review of Black Swan South and greater Silver Swan North Project

• • Ground EM survey at Black Swan South

• • Drilling of updated geochemical and geophysical targets

"The high-grade bedrock gold intersection within a broad zone of anomalism in 21SSC009 is very encouraging and reinforces the prospectivity of the gold trend recently identified by

Aircore drilling across the Tyrells and Hodges Gold prospects"

-

Mr Shane Sadleir, Moho Managing Director

For personal use only

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to provide an exploration update on the Reverse Circulation and diamond drilling programs carried out at the Omrah and Wise Nickel prospects in late 2021 /early 2022 within the Silver Swan North project (Figure 1).

Figure 1: Moho's Silver Swan North Project tenements, including optioned tenements with interpreted GSWA Ultramafic units

Table 1: Reverse Circulation drilling collar details

For personal use only

HoleID	Z51_East	Z51_North	RL	Depth	Azi	Dip
21SSC001	363133	6639066	402	198	232	-60
21SSC002	363301	6639180	404	162	232	-60
21SSC003	363060	6639016	401	186	232	-60
21SSC004	363219	6639124	404	198	232	-60
21SSC005	363385	6639237	400	165	232	-60
21SSC006	363468	6639293	405	198	232	-60
21SSC007	363552	6639350	406	201	232	-60
21SSC008	363633	6639405	405	198	232	-60
21SSC009	363718	6639463	405	192	232	-60
21SSC010	363799	6639517	407	198	232	-60
21SSC011	363325	6639950	402	300	232	-60
21SSC012	363450	6640031	404	264	232	-60
21SSC013	363275	6640155	393	300	232	-60
21SSC014	363400	6640237	404	300	232	-60

Figure 3: RC Collar locations

RC DRILLING

A total of 14 holes were completed totalling 3,060 metres of drilling (Table 1, Figure 2).

For personal use only

HoleID	From	To	Interval (m)	Grade (g/t Au)	Significant intercept
21SSC009	106	109	3	4.27	3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m
21SSC009	110	112	2	0.42	2m @ 0.42 g/t Au from 110m
21SSC009	113	115	2	0.79	2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

Gold Mineralisation:

High grade bedrock gold mineralisation was intersected in RC hole 21SSC009 close to Tyrell's gold prospect:

• • 3m @ 4.27 g/t Au from 106m including 1m @ 11.6 g/t Au from 106m

• • 2m @ 0.42 g/t Au from 110m

• • 2m @ 0.79 g/t Au from 113 including 1m @ 1.24 g/t Au from 113m

• • Mineralisation located within broader 29m-wide anomalous envelope averaging 0.5g/t Au

RC Drillhole 21SSC009 intersected a broad envelope of gold mineralisation from 106m downhole (Table 2). The gold mineralisation is contained in a felsic volcanic unit associated with minor pyrite mineralisation and quartz veining. Interestingly it can be noted the mineralised interval shows elevated arsenic concentrations and iron oxidation of volcanic units which bear resemblance to mineralised structures intersected at Moho's East Sampson Dam gold deposit.

Table 2 - Significant Intersections 21SSC009:

*Down-hole length, true width not known

Nickel Targets:

Lithogeochemistry confirmed that drillholes 21SSC001 - 008 failed to intersect any ultramafic lithologies (Figure 3) or any visible sulphide mineralisation > 1%. pXRF analysis indicated that no anomalous nickel greater than 1,000ppm Ni was intersected.

The RC drilling was unable to penetrate to a depth in which the EM conductor could be intercepted, requiring follow-up diamond drill testing.

21SSC011 - 21SSC014 were drilled into the "Wise" prospect, with all 4 drillholes intersecting ultramafic units. Preliminary XRF data shows no anomalous nickel was intersected. No visible sulphides (>1%) were evident in the logging (Figure 4).

Figure 5: Cross section (Looking NW) of RC drilling at Wise Ni target