Nimy Resources Limited announced receipt of soil sample assays processed at Labwest using ultrafine analysis. This is related to soil samples collected at the South Lake Prospect. The sampling line (Line 6,673,000) traversed east from 653150E, 6673000S to 656000E, 6673000S for 2.85kms. Results: Highly anomalous lithium in soil results with a high of 108ppm mean of 72ppm over 2.85 linear kms, accompanying rubidium soil results with a high of 112ppm mean of 75ppm over 2.85kms. Anomaly derived cognisant of the +60ppm contour soil anomaly at the Earl Grey Lithium deposit (Mt Holland Lithium Mine) within the Forrestania belt south alongstrike of the Mons Project.

This is the first soil sampling line in the prospect area line and grid to be extended to capture extent of the anomaly. Sample line is across an interpreted felsic dyke between north south trending ultramafic/mafic units (interpreted at approximately 3.6kms west of granite greenstone contact). In the Archean setting lithium rich pegmatites are found intruding greenstone mafic/ultramafic sequences adjacent to later granite intrusions.

A +60ppm lithium anomaly in shallow soil samples is highly significant. Several exploration companies have adopted this mark as a significant soil anomaly threshold based on Kidman Resources Ltd.'s large and high-grade Earl Grey lithium deposit that was defined by a discrete +60ppm lithium soil anomaly. Nimy considers this to be a suitable high grade lithium anomaly threshold given that the Mons Project is north alongstrike from the Earl Grey deposit within the Forrestania Greenstone Belt.

The soil sampling program at South Lake (Line 6,673,000) consisted of 57 samples collected at a 50m spacing (exception being 100m between sample NRZ00163 and NRZ00245). The sample line commenced at 653,150E, 6,673,000S (sample NRZ00142) and traversed due east to 656,000E, 6,6730,00S (sample NRZ00279) for 2.85kms. Results returned a significant high grade lithium soil anomaly (mean of 72ppm) across the 2.85km line. Only 13 of the samples were below the 60ppm threshhold the remaining 43 (75%) all above the anomalous threshold.

The area will now be subject for further soil sampling to map the extent of the anomaly and POW's prepared to test the area as no outcropping has been encountered.