Adyton Resources Corporation reported the Exploration License at its 100% owned Feni Island Project (Feni) in Papua New Guinea has been renewed for a two year period from August 2020. The Feni Project: The Company's maiden drilling program of five diamond holes (1,982m) at Feni was completed in late 2021 (seeTSXV Announcement 01 December 2021: Adyton hits significant copper at FeniIsland 6.4m@5.1% Cu(including3.6m@6.9% Cu)). The initial objectives of the program were to expand the gold resource as well as test various induced polarisation (IP) geophysical anomalies testing for the potential of a copper porphyry system.

Multi-element assays contained significant copper intersections from hole ADK004, drilled in the Matangkaka area, in two zones – a shallower disseminated zone of copper mineralization followed by a zone of massive sulphide copper mineralization: MassivesulphideCu+Au Interval: 6.4m(149.7to156.1m)@5.1% Cu&1.6g/tAu; Incl 3.6m (151.5 to 155.1m) @ 6.9% Cu & 2.1g/t Au; Incl 0.7m(154.4to155.1m)@14.5% Cu&2.4g/tAu. DisseminatedCu+Au Interval: 35.9m (70.7 to 106.6m) @ 0.3% Cu & 1.1g/t Au. In terms of gold only, Hole ADK004 previously reported several significant Au intersections as follows: Hole ADK004 drilled 500m north of holes ADK001 and ADK003 intersected 84.10m (72.0 – 156.1m) @0.96g/tAu, including 10m (74.0 – 84.0m) @ 1.41 g/t Au; 15.60m (91.0 – 106.6m) @ 1.20 g/t Au; 4.60m (151.5 – 156.1m) @ 2.00 g/t Au and 1m (335.0 – 336.0m) @ 5.24 g/t Au.

At Kabang, 500m to the south of ADK004 (Figure 2) significant intersections of mineralization were recorded in all three holes drilled in this area: Hole ADK001 intersected gold from surface 144.80m (1.0 – 145.8m) @0.8g/tAu, including 42.70m (48.3 – 91.0m) @1.33g/tAu; 28m (63.0 – 91.0m)@1.60g/tAu and 5m (70.0 – 75.0m) @2.96g/tAu and a shallow copper intersection of 16m (7.0 – 23.0m) @ 0.3% Cu. Hole ADK002 intersected 10.0m (45.0 – 55.0m) @ 0.6 g/t Au. Hole ADK003 intersected 84m (55.0 – 139.0m) @ 0.6 g/t Au, including 2m (55.0 – 57.0) @ 1.36 g/t Au; 3m (61.0 – 64.0m) @ 1.16 g/t Au; 6m (93.0 – 99.0m) @ 0.96 g/t Au and 15m (124.0m – 139.0m) @ 1.26 g/t Au.

These results validate the company's geological model that Feni Island has the potential to host zones of significant porphyry copper and gold and epithermal gold mineralization within the highly mineralized Kabang 1.5km long structural corridor. Other significant conclusions from the drill program included: The initial results from the first five holes are very encouraging, confirming the potential for higher grade gold and copper ore zones within a broader mineralised gold envelope. The short programs at Kabang and Matangkaka provide further impetus for the next phase of work which will be focused on resource extensions and testing the depth potential along the more than 1.5 kms strike extent.

The IP modelling is clearly picking out the strong “pyrite halo” around the porphyritic intrusive which is encouraging as the gold appears to sit above and within this zone. The company considers that following the success of the short initial diamond drilling program, there is a significant discovery to be made in the Kabang structural corridor with a focused IP program to refine targets followed by drilling along the 1.5km long by 500m wide zone. There are a number of other prospects that also need following up, which will be further defined in future work programs.