Tennant Minerals Limited announced that another three diamond drill holes completed in the Stage 1 follow-up program at the Bluebird copper-gold discovery have intersected thick zones of hematite alteration and copper mineralisation, extending the Bluebird discovery to the west and a further 100m deeper to more than 250m below surface. Bluebird is located within the Company's 100% owned Barkly Project, 45km east of Tennant Creek township in the Northern Territory, and at the eastern edge of the Tennant Creek copper-gold Mineral Field. The current drilling program at Bluebird is designed to scope out and expand the footprint of the high-grade copper-gold mineralisation in two stages, totalling up to 4,500m of diamond drilling comprising the: Stage 1 diamond drilling program of 6 holes for approximately 1,500m2 targeting the central thickest part of the shallow, westerly plunging copper-gold shoot - immediately down plunge from the previously reported thick and high-grade intersections3,4, and a Stage 2 diamond drilling program of up to 10 step-out holes for 3,000m2 designed to significantly expand the footprint of the Bluebird discovery to over 300m strike length and over 300m vertical depth.

The current Stage 1 follow-up diamond drilling program at Bluebird: The latest drilling has tested for extensions of the Bluebird mineralisation to the west and down-plunge of the previously announced 55m intensely copper mineralised intersection in BBDD00121. This new drilling, on section 448,340mE, has tested above and below the previous western most hole in the program, BBDD0011 that intersected 29.3m @ 1.76% Cu and 0.21 g/t Au from 195.7m including 17.2m @ 2.67% Cu and 0.22 g/t Au4. The first new hole on this section, BBDD0013 tested the mineralised zone approximately 40m above BBDD0011, intersecting brecciated and chlorite/hematite altered siltstone with veinlets of copper mineralisation from 131m down hole then passed into a 21m zone of intense silica-hematite-magnetite alteration and copper mineralization 157 - 178m downhole.

A second, shallower hole on this section, BBDD0014, intersected the Bluebird mineralisation a further 25m above BBDD0013, intersecting a 34m zone of chlorite and silica-hematite alteration from 134m downhole including a 16m zone of copper mineralization from 130m downhole. This is interpreted to represent the upper part of the Bluebird shoot. The most significant new hole of the drilling program, BBDD0015, tested the down-dip extensions of the mineralisation below BBDD0011.

BBDD0015 intersected fractured hematite altered siltstone with minor sulphides from 235m down hole then passed into a 20m zone of brecciated, moderate to strong silica- specular hematite alteration and copper mineralisation from 277m to 297m downhole. The hematite alteration and copper mineralisation intersected in BBDD0015 is deeper than expected and is associated with a steepening of dip of the mineralization. This new intersection has extended the Bluebird discovery a further 100m at depth, to 250m below surface, extending down-plunge to the west where it remains open.

This steeper dip of the mineralised zone at depth indicates that some previous holes that were interpreted to have intersected the mineralisation down-dip may have stopped short of the main high-grade zone. In particular, previous hole BBRC0185 on section 448,380mE that was drilled below the BBDD0009 intersection of 50m @ 2.70% Cu, 0.52 g/t Au, 29.8 g/t Ag from 158m including 24m @ 5.01% Cu, 1.01 g/t Au, 61.7 g/t Ag3 was interpreted to have tested the down-dip extensions of the mineralisation but only intersected weak to moderate mineralisation. The steeper orientation now interpreted means that the mineralisation may continue steeply to the north of BBRC018.

This opens-up potential for the Bluebird discovery to continue to much greater depth than previously anticipated. Diamond drilling is currently testing the Bluebird mineralisation to the west and down-plunge of the drillholes described in this release. A further two holes will be carried out on section 448,320mE to complete Stage 1 of this follow-up program.

Down-hole electromagnetics will be carried out from the deepest holes to determine the orientation of extensions to the Bluebird mineralisation, prior to the Stage 2 step-out drilling program being initiated. Proposed Stage 2 Bluebird Drilling Program Bluebird has similar dimensions, geometry and mineralogy to Castille Resources' 6 Rover 1 discovery in the southwestern part of the Tennant Creek Mineral Field. Like Bluebird, the Rover 1 mineralisation has a moderate to steep plunge that continues for over 500m down plunge from 300m to 850m depth below surface.

Castile recently announced a resource of 4.7Mt @ 1.63% Cu and 1.73 g/t Au for the Rover 1 deposit6. Other examples of typical Tennant Creek style deposits include the Warrego discovery of Peko-Wallsend that produced 6.75Mt @ 1.9% Cu, 6.6 g/t Au7 from 1972 to 1989 and the Peko deposit, only 20km west of Bluebird, that produced 3.67Mt @ 4% Cu, 3.5 g/t Au7 from 1954 to 1976. The Bluebird discovery starts at only 60m below surface, has only been tested to 250m depth and is completely open at depth and down-plunge to the west.

There is significant potential for the Bluebird discovery to continue at depth and to be of similar scale to the aforementioned deposits. The 55m intersection of strong to intense hematite and copper mineralisation from BBDD00121 has been submitted to Intertek Laboratories in Alice Springs for sample preparation ahead of assaying in Townsville.