Revolver Resources Holdings Limited commenced diamond drilling on a high priority conductive anomaly at the Company's Dianne Project. The shallow massive sulphide target is positioned to the south and down plunge, 200m beneath the existing Dianne VMS mineralisation, and has been outlined and refined following a considerable body of recent geophysical survey work. 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 VMS predominantly stratiform chert quartzites hosted within a sub-volcanic system associated with basic volcanic sills or flows and dykes with associated disseminated copper mineralisation. Throughout this exploration season, Revolver has continued to apply modern and innovative geophysical techniques at Dianne to build a strong pipeline of targets. The company has completed a considerable body of geophysical work aimed at defining and refining near-mine VMS targets.

The immediate region around the current mineralisation at Dianne has been a priority focus of the geophysical work which has included targeted dipole PDP-IP, Fixed-Loop TEM, Moving-Loop TEM and the recently acquired XCite Heli-EM survey. This work has been successful in identifying a shallow electromagnetic conductor, located 200m beneath the existing Dianne VMS mineralisation that has a response supporting the potential to reflect massive sulphide mineralisation. The decision to drill test the current EM-target follows the completion of a review of multiple lines of geophysical and geological evidence whereby the target shows up in modelling of FLEM data, ML-TEM data and the XCite Heli-EM data, on multiple lines.

The target is positioned below, or on a south plunge, from Dianne within the same broader prospective stratigraphic and structural setting. The current modelling and calibration work, undertaken by geophysical consultants GeoDiscovery Group, has provided the information required with suitable confidence to locate planned drill holes to test the target. The drilling program is set to commence in early October and will initially consist of two diamond core holes into various locations within the target.

At least 1,000m is planned for this anomaly before moving outbound to commence on the other high priority tenement wide EM targets. Drilling contractor DDH1 has been contracted to compete the drilling with site preparations complete. Post-drilling, the holes will be complemented with down-hole EM to refine the anomaly closer to the source.

Revolver has fully scaled up near pit and step-out exploration activities during this 2022 field season. Further work outlined below is presently underway or planned in coming months. Further Processing and interpretation of the tenement wide Heli EM survey, Ground based Moving Loop EM survey follow-up of the deeper Dianne EM Anomaly - completed in August 2022, Regional reconnaissance and follow-up analysis of WV3 alteration targets and coincident Heli EM anomalies - continuing through August/September 2022, 3D Wireframing of grade and copper deposit domains for the Dianne Mineral Resource Estimate - in progress, Metallurgical test work for oxide, supergene and primary sulphide samples from recent.

Revolver drilling for Dianne Mineral Resource Estimate - in progress, Reporting of historic copper intersection from validated drill holes that will be used in conjunction with Revolver 2021-22 Phase 1 drill program in the Dianne Mineral Resource Estimate - Third Quarter 2022, Commencement of 2022 drill program - October 2022.