Revolver Resources Holdings Limited has identified multiple priority alteration and iron oxide targets across the wide EPM area following the processing of the WV3 satellite data acquired specifically for the Dianne Project in far north Queensland's Hodgkinson Province. WV3 is a satellite borne technology that collects high resolution spectral data that can be processed to map the distribution of minerals and iron oxides useful in identifying outcropping alteration patterns and gossanous zones in hydrothermal systems. Alteration processing of the WV3 data by leading consultants Global Ore Discovery has highlighted multiple anomalies that are a priority for immediate follow-up. The WV3 data has also been processed to produce a high-resolution tenement wide image suite that are being used as a geological mapping base to better define the folded stratigraphy and fault patterns that control copper and gold mineralisation at Dianne.

Complimenting the hyperspectral results obtained, Revolver has initiated a Heli-EM survey covering 95 square kilometers (>80%) of the entire Dianne EPM tenement. This survey has been flown with the New Resolution Geophysics "Xcite" system. Revolver has deployed multiple geology teams for field follow up of the WV3 targets with a program of mapping, rock chip and soil sampling.

Additional anomalies identified from the Heli- EM survey will be field-followed by the geology teams as a priority. 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.

Processing and interpretation of the Heli EM data to identify targets for ground-based follow-up - August 2022, Ground based Moving Loop EM survey follow-up of the deeper Dianne EM Anomaly 1 - August 2022, Regional reconnaissance follow-up of WV3 alteration targets and Heli EM anomalies - continuing through August 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 - September/October 2022.