Riedel Resources Limited announced further gold and silver assay results from its 23-hole drill program completed at its Kingman Project in Arizona, USA, in late 2022. The shallow, flat lying mineralisation at Tintic continues to return very high grades from shallow depths as set out above. These results follow-on from recently announced outstanding high-grade assays from drilling at Tintic, which included: 5.5m @ 12.4g/t Au, 105g/t Ag and 3.9% Pb from 16.8m including 1m @ 47.9g/t Au, 266g/t Ag and 10.5% Pb from 17.1m in hole 2022-KNG-017C 1.86m @ 11.7g/t Au and 90g/t Ag from 21.3m including 0.67m @ 30.8g/t Au, 81g/t Ag & 3.9% Pb from 21.3m in hole 2022-KNG-017A 0.76m @ 52.8g/t Au and 261g/t Ag from 20.4m including 0.24m @ 130g/t Au, 732g/t Ag and 28% Pb from 21m in hole KNG-2022-013B 0.37m @ 122.6g/t Au, 172g/t Ag and 3.7% Pb from 67.4m in hole 2022-KNG-021B 1.8m @ 16.3g/t Au and 70g/t Ag from 23.8m including 0.82m @ 32.3g/t Au and 110g/t Ag from 24.3m in hole 2022-KNG-026A 1m @ 14.3g/t Au, 222g/t Ag and 14.6% Pb from 18.8m (2022-KNG-017B) incl.

0.6m @ 23.7g/t Au, 298g/t Ag and 23% Pb from 18.8m 0.82m @ 17.1g/t Au and 28g/t Ag from 14.3m (2022-KNG-017A) incl. 0.25m @ 50.1g/t Au, 63g/t Ag & 10.5% Pb from 14.3m. Diamond drill holes 2022-KNG-018C and 2022-KNG-027A were drilled just to the north and south (respectively) of a drill fence to provide geological and grade data and to provide sample for project metallurgical testwork.

The results appear to correlate well with previous high-grade drill results. Kingman Project Background: The Kingman Project is located in north-west Arizona, USA, approximately 90 minutes' drive from downtown Las Vegas and within 5km of a major highway.