Thomson Resources advised that the Company has commenced an initial RC and DD program at the historic high-grade Silver Spur mine located at the 100% Thomson owned Texas silver-base metal project in southeast Queensland. Thomson recently completed a large DDIP survey at Texas, highlighting seven clusters of strongly anomalous chargeability anomalies that have not been previously drill tested. The Silver Spur Target cluster is centered on the historic Silver Spur mine where mineralisation is closely associated with the northwest trending Stokes Fault that links Silver Spur to the Twin Hills deposit.

The Silver Spur drilling program will target extensions to the current Silver Spur resource as well as compelling near resource exploration targets. The drill program will be conducted by Thomson's shareholder, Australian Mineral & Waterwell Drilling (AMWD), using the same multi-purpose rig that recently completed a drilling program for Thomson on the Company's 100% owned Lachlan Fold Belt projects in NSW. Texas District Resource and Silver Spur Deposit: Over the past 12 months Thomson has reported Indicated and Inferred Mineral Resource Estimates (MRE's) at a 25 g/t AgEq cutoff for the Texas district deposits (Silver Spur, Twin Hills and Mt Gunyan) totalling a combined 19.5 Moz AgEq,2. This is part of the larger combined Tablelands and Mt Carrington polymetallic resource base controlled by Thomson that currently totals 22.8 Mt at 119 g/t AgEq for a total resource base of 87.1 Moz of AgEq, for MRE's published by Thomson.

Silver Spur is a structurally controlled higher-grade silver-base metal deposit located 2 km southeast of the Twin Hills open pit. The deposits were mined between 1892 and 1925 that and are characterised by high-grade shoots and halo mineralisation that defines the current Thomson Silver Spur MRE. The historic Silver Spur mine produced approximately 100 Kt ore from a high-grade core of the deposit containing 2.19 Moz silver (average grade of 800 g/t Ag), and 690 t of zinc, 1,050 t of lead and 990 t of copper and by-product gold3.

The current Thomson MRE's for the Texas deposits contain in aggregate 660 Kt at 54 g/t Ag, 2.03% Zn, 0.69% Pb and 0.09% Cu for a AgEq grade of 156 g/t and contained 3.3 Moz AgEq2. Combined, the historic production and current resource at Silver Spur suggest that pre-mining the deposit contained approximately 800 Kt to 1.0 Mt at 150 g/t Ag, 0.2 % Cu, 2.2% Pb, 4.9% Zn for an approximate 3.6 Moz Ag, 1.5 Kt Cu, 16.9 Kt Pb, 37.2 Kt Zn, representing an attractive exploration target for Thomson in the district. Silver Spur Resource Expansion Drill Targets: A program of resource expansion holes has been designed to test for extensions of the high-grade mineralisation outlined by the Thomson block model and drill hole data base for the deposit, that suggests the higher-grade silver - base metal mineralisation remains open along strike and to depth.

The recent dipole-dipole induced polarisation (DDIP) survey shows a strong chargeability anomaly enveloping and extending beyond the resource and along strike of the controlling Stokes Fault system. Additionally, undrilled down-hole electromagnetic (DHEM) anomaly from a 2011 survey by Alcyone Minerals, further supports the DDIP anomaly suggesting the potential for the Silver Spur mineralisation to extend to depth beneath the known resource. Exploration Drill Targets: At Silver Spur North targeting has focused on a number of compelling DDIP chargeability anomalies which straddle the Stokes Fault beneath shallow historic drilling that will be drill tested by Thomson in the initial program.

Between 1995 and 2012 Macmin Silver and Alcyone Resources completed 5,672 m of shallow RC, percussion, and RAB drilling to depths of 100 m at Silver Spur North intersecting near surface typically low-grade oxide silver mineralisation. However, Alcyone reported a best intersection in this RAB drilling in a zone from hole SSRB007 of up to 26 m @ 138 g/t Ag, 0.29% Pb, inc. 3 m @ 840 g/t Ag, 1.25% Pb7, that may represent geochemical "leakage" from deeper mineralisation and a potentially related, but undrilled, high order chargeability anomaly outlined in the Thomson DDIP survey. To the south of the Silver Spur mine, Thomson is also planning to test a previously undrilled Fixed Loop Electromagnetic (FLEM) anomaly defined in a 2011 survey by Alcyone Minerals which is coincident strong DDIP chargeability from the recent survey.

Thomson's initial Silver Spur drill program targets one of the seven chargeability anomaly clusters generated from the recent DDIP survey at Texas. Follow-up rock chip and soil sampling are currently underway to assist in prioritising the anomaly clusters for systematic drill testing. Thomson's Board looks forward to updating is shareholders as results from the Silver Spur and subsequent drill programs come to hand.