Adelong Gold Limited announces that a further program of drilling is planned to commence at the Adelong Gold Project in March 2023. Given the success of the recent program of drilling at Gibraltar, the Company has engaged Indicator Drilling to undertake a follow up program designed to better define the mineralisation with a view to preparing a JORC Resource Estimate for the area drilled to date, and to test .similar deposits along the western extension of vein systems mined in the O'Brien Workings. Currently there are no JORC Resources defined at Gibraltar and the exploration work to date indicates that potential commercial resources exist that can add to the overall project resources for the Adelong Gold Project.

However the Gibraltar area also offers multiple exploration targets for expanding resources. Work on modelling the recent exploration results and geology is underway and is expected to be completed this week to generate drill targets for the forthcoming program. At this stage the plan is to undertake some additional drilling of the deposit discovered in the recent program, but also to test some of the western extensions to the O'Brien Workings that may offer similar targets to the recent discovery.

The results announced 17 January 2023 came from drilling the western extension of the Perkin's Workings as depicted. This drilling showed a wide zone of mineralisation that is interpreted to have been caused by mineralisation flooding a breccia zone created by a strong north-south shear zone intersecting the ENE trending vein system extending from the Perkin's workings. This has many of the alteration/mineralisation characteristics of the 770,000oz Hobbs Deposit located at Mt Adrah some 15km NE from this site, with hornfels alteration, strong silicification, brecciation as well as sheet quartz veins within a granitic style intrusive.