Pursuit Minerals Limited provided 1m re-assay results from Air Core (AC) drilling at the Commando Project in June 2022. As advised in October 20221, Pursuit completed a 5,290m Air Core (AC) drill program (142 holes) at Commando in June to follow-up gold auger geochemical anomalies. Composite samples were submitted to Bureau Veritas Kalgoorlie for a typical orogenic gold system Aqua Regia assay suite and significant assay results >0.1 g/t Au.

Following review of these results the exploration team resampled the anomalous intervals on an individual metre basis and submitted these results to ALS for confirmation assays. AC Drill Results - Bungarra Prospect: Drilling at Bungarra Prospect discovered a deep weathering trough trending NE-SW with significant chlorite and albite alteration of saprolitic granite. These wide-spaced 320m x 80m traverses have identified a >800m trend of low-grade bottom-of-hole (BOH) bedrock gold mineralisation up to 200m wide, similar to early exploration results of the Golden Cities gold deposits (1.5m Oz Au - Federal, Havana-Suva and Jakarta) by AMAX and Centaur Mining less than 5km to the east.

Assays from one-meter samples of anomalous composite zones (Table 1) have been received indicating stronger mineralisation than previously reported at the end of hole for 22KAC056, 057, 059, 130 and 131 with all of these holes reporting > 0.3 g/t and up to 0.98 g/t gold. The Bungarra mineralisation appears to run NW-SE, similar to the trend observed at Havana-Suva and Federal gold deposits nearby, although additional drilling is required to confirm this. The gold mineralisation is hosted in weakly oxidised granite as noted previously.

Additional drilling is required to clarify grades below these first BOH anomalies. AC Drill Results - Wedge and Whisperer Prospects: At Paddington North, 42 holes across auger gold anomalies were completed along the highly sheared greenstone-granite contact at Wedge, as well as the Whisperer mafic body within nine mile monzogranite. At Wedge, strong chlorite-biotite alteration is developed whilst at Whisperer quartz-sericite and iron alteration was noted.

Anomalous gold mineralisation was identified at 5 holes at Paddington North, 3 holes at Wedge and 2 holes at Whisperer. Gold at Wedge is located at the western and eastern holes of line 6630920N where hole depths are very shallow, reflecting the very fresh nature of lithologies in these areas (138g found recently). Best result was 4m @ 1.03 g/t Au from 16m to BOH in hole 22KAS084.

One metre re-assays returned 2m @ 2.08 g/t Au from 18m to BOH with both samples returning above 2 g/t gold. Step-out holes will require RC or AC hammer to explore this mineralisation due to the hard fresh nature of the rocks. Sericitic altered granite hosted mineralisation in the bottom of hole 22KAC084 19-20m reported 2.04 g/t Au.

At Whisperer gold grades up to 3.09 g/t were located on line 6629870N to the north of historical workings and close to the greenstone-granodiorite contact, a common structural setting for gold mineralisation in the area. The results to date warrant follow-up drilling at Whisperer.