Panther Metals Ltd. announced that the latest assay results have returned the highest peak nickel and cobalt grades ever received from drilling at the Coglia Project. Coglia Drill Results: Results above 0.5% nickel and 500ppm cobalt for the latest assays are reported below: CGRC025: 3m at 0.60% Ni from 64m; CGRC027: 22m at 0.69% Ni from 48m and 20m at 611ppm Co from 49m; CGRC028: 13m at 0.59% Ni from 57m and 1m at 950ppm Co from 71m; CGRC029: 3m at 0.69% Ni from 49m and 6m at 747ppm Co from 46m, inc. 1m at 1,020ppm Co from 47m; CGRC041: 24m at 0.92% Ni from 56m, inc. 1m at 1.20% Ni from 62m, and 24m at 646ppm Co, inc. 7m at 1,260ppm Co from 59m, with a peak of 1m at 3,090ppm Co from 69m, 530ppm Co from 71m and 960ppm Co from 75m. CGRC043: 9m at 0.73% Ni from 50m and 7m at 743ppm Co from 48m; CGRC045: 10m at 0.63% Ni from 44m (hole ended early at 53m due to drilling difficulties).

CGRC047: 13m at 0.93% Ni from 64m, inc. 2m at 1.19% Ni from 66m and 2m at 540ppm Co from 66m; CGRC048: 2m at 0.61% Ni from 63m and 6m at 0.7% Ni from 71m; CGRC054: 19m at 1.19% Ni from 60m, inc. 8m at 2.10% Ni from 63m, inc. 1m at 3.97% Ni from 64m, and 5m at 2,592ppm Co from 62m, inc. 2m at 5,105ppm Co from 64m, inc. of 1m at 7,900ppm Co from 64m; CGRC056: 3m at 0.63% Ni from 65m and 2m at 1.19% Ni from 75, 3m at 757ppm Co from 65 and 1m at 1,080ppm Co from 75m; CGRC059: 8m at 0.57% Ni from 41m and 1m at 0.61% Ni from 78m; CGRC060: 15m at 0.79% Ni from 44m, inc. 1m at 1.14% Ni from 47m and 1m at 690ppm Co from 44m and 5m at 712ppm Co from 49m; CGRC061: 19m at 0.87% Ni from 49m, inc. 3m at 1.13% Ni and from 54m, and 4m at 778ppm Co from 53m, inc. 1m at 980ppm Co (hole ended early at 68m due to drilling difficulties). The Coglia Project is located in the Laverton region of WA, 70km southeast of Glencore's Murrin Ni-Co plant. The project area is highly prospective for nickel-cobalt laterite mineralisation and the potential to host nickel sulphide mineralisation.

A JORC Exploration Target was estimated by Geomin Services June 17, 2021 based upon previous exploration by Heron Resources (2001-03) which drilled 20 RC holes for 1,562m and delineated a horizon of nickel laterite mineralisation. White Cliff Minerals followed this in 2018, which drilled 48 air-core holes totaling 2,866m. This drilling also intersected a layer of nickel enrichment in the weathered, lateritic material at a depth of between 40m to 70m.

The JORC Exploration Target dimensions and grade range were based on the historic Heron and White Cliff drill programs that intersected nickel mineralisation in the project area. The assay results within the mineralised zone provided an average grade of about 0.7% Ni and 500ppm Co. These values have been used as mid-points for the grade range.

The tonnage range incorporates variations of mineralised zone thickness and dry bulk densities. Panther plans to upgrade the current JORC Exploration Target (JET) to a Mineral Resource Estimate (MRE) after completing its 6,000m infill drill program, which is intended to yield material for metallurgical, mineralogical and environmental studies and test-work. Drilling of the initial reverse circulation (RC) program at the Burtville East gold prospect has been completed.