Revolver Resources Holdings Limited ("Revolver" or the "Company") has identified multiple priority conductive anomalies across numerous areas within the tenement following the completion of the Heli-EM survey, using the NRG "Xcite" system, specifically flown for the Dianne Project in far north Queensland's Hodgkinson Province. Background and Context The Dianne Project is centered around the Dianne copper deposit which is hosted in deformed Palaeozoic shale and greywacke of the Hodgkinson Formation. The deposit type has been interpreted by previous explorers to be volcanic-hosted massive sulphide (VMS) predominantly stratiform chert quartzites host with a sub-volcanic system associated with basic volcanic sills or flows and dykes with associated disseminated copper mineralisation.

The reported exploration results in this release are part of the Revolver's strategy for step out exploration from the current Dianne deposit at a district scale and rapidly screen the immediate area for new VHMS targets. A high resolution electromagnetic and magnetic data survey was commissioned through New Resolution Geophysics (NRG) Australia delivering the first modern exploration of this type within the Dianne region and in part compliments ongoing ground-based EM work on the project. The helicopter borne survey was acquired in August 2022 and covered 94 square kilometers of prospective tenure within EPM 25941.

The EM program was designed to cover both the Dianne copper deposit and the vastly under-explored area surrounding the Dianne copper deposit for Dianne `look-a-likes'. The survey data was acquired through the NRG "XciteTM" system which provides ultra-high resolution time-domain airborne electromagnetic (HTDEM) geophysical techniques well suited for the identification of the type of target mineralisation observed at Dianne, offering both near surface detection and deep penetrating capabilities to depths of more than 300m below surface. The survey was acquired on east-west (90/270 degrees) lines on a 200m line spacing (with further select infill lines to provide 100m line spacing in some areas) and a sensor/loop height of less than 40m above ground.

The implementation of Heli-electromagnetics is seen by Revolver as a powerful and efficient first-pass method to identify discrete bedrock conductors potentially associated with iron-sulphide dominated VHMS systems in the region. The survey extent has been able to directly compare the response from a known VHMS system at Dianne and can be used as a pathfinder of potential mineralisation. Other factors such as the presence of black shale, pyrrhotite and graphitic rocks can also produce EM anomalies, albeit commonly manifest as larger linear anomalies consistent with overarching stratigraphy.

The preliminary data from the Heli-EM survey, facilitated by NRG's advanced Xcite system, has now been received from the survey contractor and processed and interpreted by specialist geophysicist consultants Geo Discovery Group who have completed preliminary target identification Initial analysis is deemed by Revolver to be very positive with modelling of the survey data identifying a number of discrete yet prominent `Late-Time' conductivity anomalies providing an exciting new pipeline of high priority targets. To date, ten (10) high priority strong bedrock anomalies (T1-10) have been interpreted to be consistent with an accumulation of sulphides and provide compelling shallow VHMS-style targets. These priority targets have been identified from a larger subset of anomalous conductive responses.

Significantly the position of one of the priority anomalies (T1) is coincident with the Dianne Copper deposit, validating the exploration technique, approach, and modelling in identifying VHMS systems. A further encouraging outcome from this Heli-EM survey has been the reinforcement of the conductive anomaly down plunge of the existing Dianne Pit 1. The current modelling will augment the follow up ground EM work presently underway to obtain the information required to locate planned drill holes into this high priority target.