Mount Ridley Mines Limited provided update on re-assay of a further 160 air core sample pulps from 59 drill holes (drilled from 2017 to 2019) at the Winston's and Keith's Prospects have returned significant rare earth element (REE1) values extending prospective horizons to in excess of 25 strike kilometres. The Extended Winston's Prospect (which includes the Lake prospect) exceeds 10 kilometres in apparent length and 1 kilometre in width. The Keith's Prospect is over 4 kilometres in length and 1 kilometre in width. This equates to a further 1 km extended strike to the NE. REE grades compare favourably to the Ugandan Makuutu REE Project resource2 earning 60%) which has a reported JORC Inferred and Indicated Resource of 78.6Mt @ 840ppm TREO (cut-off grade 250ppm TREO3). MRD has not yet defined a Resource defined in accordance with the JORC code. 5 of 6 tenements recently applied for by the Company have been granted. The 6 Mount Ridley Project tenements cover approximately 3,400km2. Material characterisation and REE extraction tests have commenced including a programme of partial leach analyses and mineral identification by microXRF.