Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX: AIS) (Aeris or the Company) is pleased to provide an update on an underground resource definition drilling program underway at the Avoca Tank Project, located at the Company's 100% owned Tritton Operations in NSW. Aeris' Executive Chairman, Andre Labuschagne, said 'this latest drilling confirms the high-grade nature of the Avoca Tank deposit and its importance as a new ore source for the Tritton Operations. The addition of a high-grade gold lens is an interesting discovery that will be followed up with further drilling.' 'The Avoca Tank deposit remains open down plunge, with mineralisation intersected last year 75m below the current Mineral Resource envelope.'

Technical Discussion - Diamond Drilling

An underground diamond drill program recently commenced at the Avoca Tank Project. The program is focused on de-risking the initial 80m high production block, scheduled to commence production in the June quarter.

Both massive sulphide lenses correlate with existing modelled sulphide bodies which form part of the current Avoca Tank Mineral Resource3. The thick, high-grade copper mineralisation, exceeding 5% Cu, supports the Company's view that Avoca

Tank will become a high-grade copper producer.

The drillhole also intersected a high-grade gold lens in the footwall to the copper sulphides lenses, reporting: 6.0m @ 0.36% Cu, 2.78g/t Au and 31g/t Ag (6.02)

The Avoca Tank deposit averages a higher-grade gold content in comparison to all other known deposits within the Tritton tenement package. Further drilling will assist with understanding the extent of the high-grade gold mineralisation intersected in drillhole ATEL001.

A further three drillholes have been completed as part of the underground drill program and these holes are currently being logged. Two of the three holes intersected the modelled ore horizon. The third hole deviated more than planned and missed the ore horizon.

Contact:

Mr. Andre Labuschagne

Executive Chairman

Tel: +61 7 3034 6200

WEB: www.aerisresources.com.au

Media

Madeleine Thornton

Tel: 0402 580 802

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