Riversgold Limited advised that the first aircore drilling completed at the Company's 80% owned Farr-Jones Project has returned significant gold results from several holes, including from the first holes drilled at the new Eales and Little Targets. Highlights of the recent drilling include: FJAC0021 ­ 12m @ 1,904ppb Au from 36m, including 8m @ 2,818ppb Au (Little); FJAC0012 ­ 4m @ 1,026ppb Au from 56m (Eales); FJAC0007 ­ 12m @ 1,174ppb Au from 84m, including 8m @ 1,732ppb Au (North Farr-Jones). Farr-Jones is located approximately 70km east of Kalgoorlie-Boulder and 20km northeast of Silver Lake Resources' Randalls gold processing plant in the Eastern Goldfields region of WA. Riversgold became interested in the project based on historical surface geochemical surveys and one line of RAB and RC drilling completed by previous explorers during the early 1990's. Two phases of RC drilling conducted by Riversgold during 2018 intersected high-grade gold at the Farr- Jones target including 3m @ 17.8g/t Au. The mineralisation has an easterly dip and is hosted in black shale to the east of the Randall Fault, a major structure and faulted contact with mafic rocks to the west. Subsequent soil sampling during 2018 highlighted new gold in soil anomalies, including at Eales and Little, along a 2.5km long corridor stretching north from Farr-Jones, along with a parallel corridor over the Horan target. The soil anomalism remains open to the north and south on both corridors. Aircore traverses were completed across the Farr-Jones and Horan target corridors in December 2018. The drilling tested beneath soil anomalies at the Farr-Jones, North Farr-Jones, Eales, Little and Horan targets. Most traverses comprised three holes which were drilled to aircore blade refusal and sampled as 4m composites. Average hole depth was 76m. Drilling consistently encountered a layer of bleached white clay above the saprolite zone before ending in weakly weathered and thinly laminated black shale. Farr-Jones: Drilling consisted of three aircore traverses testing up-dip from gold mineralisation intersected in recent RC drilling at Farr-Jones and North Farr-Jones. On the southernmost line, FJAC0002 intersected a wide zone of gold anomalism, 16m @ 282 ppb Au from 48m, up dip from RC hole FJRC0012, which had previously intersected three zones of primary gold mineralisation. Three holes, (FJAC0003, FJAC0004 and FJAC0005) intersected oxide gold anomalism beneath a soil anomaly north of the previous Farr-Jones RC drilling. At North Farr-Jones, two holes intersected gold mineralisation up dip from RC hole FJRC0010: FJAC0006 ­ 4m @ 201ppb Au from 52m; FJAC0007 - 4m @ 357ppb Au from 44m and 12m @ 1,174ppb Au from 84m to the end of hole. Eales: Aircore drilling at Eales consisted of three traverses across a strong 700m long gold in soil anomaly cross-cut by interpreted NE-trending faults FJAC0008 intersected a wide zone of gold anomalism, 20m @ 203ppb Au from 28m, whilst the remaining two holes were apparently too shallow to intersect the easterly dipping mineralisation on this section. Four holes were drilled across the middle of the Eales soil anomaly. The two western holes intersected strong gold anomalism whilst the two eastern holes were apparently too shallow for the easterly dipping mineralisation: FJAC0011 ­ 4m @ 312ppb Au from 32m and 12m @ 207ppb Au from 48m; FJAC0012 ­ 4m @ 1,026ppb Au from 56m. On the northernmost line, FJAC0015 intersected oxide mineralisation, 8m @ 583ppb Au from 36m, whilst the two eastern holes were too shallow to intersect the easterly dipping mineralisation. Little: Aircore drilling at Little consisted of three traverses across the soil anomaly. No significant results were obtained from the southernmost line; however, it appears the three holes may have been too shallow. The best result of the entire drilling programme was obtained from hole FJAC0021 of 12m @ 1,904ppb Au from 36m, including 8m @ 2,818ppb Au. The two eastern holes on this line were apparently too shallow to intersect the easterly dipping mineralisation. Two holes on the northern most line, (FJAC0018 and FJAC0019), ended in lower order gold anomalism (4m @ 47ppb and 4m @ 30ppb Au respectively) which may indicate the presence of northerly plunging mineralisation, as seen in RC drilling at the Farr-Jones target. Horan: A single traverse of three holes was completed over the Horan target. Only minor low-level gold anomalism was observed in these holes with no supporting pathfinders. Given that the size and amplitude of the soil anomaly at Horan is comparable to the Farr-Jones and Eales soil anomalies, further aircore drilling is planned to fully test this target. Further drilling and soil sampling planned: Drilling at Farr-Jones has so far highlighted oxide and/or primary gold mineralisation at the Farr-Jones, North Farr-Jones Eales and Little targets, over almost 2.5km of strike. The recent aircore drilling at Eales and Little is relatively wide spaced and now requires systematic grid aircore drilling with deeper follow-up RC drilling where required. The company will commence follow-up drilling at Farr-Jones immediately following completion of the first aircore drilling campaign at Queen Lapage, which is expected to start within the next week. Given the success of drill testing soil anomalies so far, the Company advises it is also planning to extend the current soil sampling grid to cover a number of additional historic gold in soil anomalies further to the north, south and east. The Company has also expanded the land position around Farr-Jones by applying for two new 100%- owned Exploration Licences and three new 100%-owned Prospecting Licences over areas adjacent to the Farr-Jones target which had recently become vacant. The new applications secure the land to the east and south of the Farr-Jones and Horan target corridors.