Antipa Minerals Limited - PHASE 1 MINYARI DOME DRILL PROGRAMME IDENTIFIES RESOURCE GROWTH OPPORTUNITIES

Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to announce assay results for the 2022 Phase 1 drill programme at its 100% owned, 144km2 Minyari Dome Project in Western Australia's Paterson Province (Figure 12). The Project is located within 35km of Newcrest Mining's (Newcrest) Telfer gold?copper?silver mine and mineral processing facility and 54km along strike from Newcrest?Greatland Gold's Havieron gold?copper development project (Figure 13). Antipa's Managing Director, Roger Mason, said: 'These Phase 1 results continue to highlight the prospectivity of our 100% owned Minyari Dome Project. We believe there is strong potential to continue to grow the resource through both extensional and greenfields drilling.

The Company is continuing greenfield exploration across the project in parallel with project evaluation activities. The Minyari Dome Project economics are hugely leveraged to future resource growth and we have a pipeline of high?prospectivity gold?copper targets to drill. Located just 500m along strike from Minyari, the Minyari North prospect is showing characteristics consistent with mineralisation at the periphery of a Minyari style deposit. As a result, future exploration drilling will test the down plunge extent of the mineralisation. We have also interpreted a very promising 300 metre long 'jog' corridor at Chicane, linking the Sundown and WACA mineralisation trends. The Pre?feasibility Study continuesto enhance the potential of the Scoping Study's mining inventory of 1.1Moz of gold to deliver an attractive stand?alone gold mining and processing development. A Miscellaneous Licence application for the future mine access road has been submitted as early study workstreams continue at pace for scheduled delivery during Q4 CY2023 On top of all of this activity, Antipa has been successful in Round 26 of the Exploration Incentive Scheme receiving a WA Government grant of up to $220,000 for testing deep Minyari targets.'

2022 Phase 1 Exploration Programme

The first phase of the Minyari Dome Project 2022 Exploration Programme was completed in mid?

August, comprising:

A 10,000m reverse circulation (RC) drill programme testing high?priority resource and greenfield targets; 3,000m diamond core drill programme testing high?priority resource targets; and A project?scale high?resolution Airborne Gravity Gradiometry (AGG) survey to assist drill targeting and regional 3D geological modelling.

Summary of 2022 Phase 1 Drilling Results

Assay results have now been received for 13,252m of the 2022 Phase 1 drilling programme (comprising 8,200m greenfield plus 5,052m Minyari deposit resource definition and Keel target). Results support the opportunity for further resource growth from several prospects located less than 400m from the Minyari and WACA depositsincluding Chicane, Minyari North and the Minyari Keel zone. For detailed information relating to the latest drill holes with assay results refer to Tables 1 and 2 and Figures 1 to 10

The PFS is scheduled for completion during Q4 CY2023 and is planned to incorporate the next Mineral Resource Estimate update into the mine scheduling and progress a range of other upside opportunities identified as part of the Scoping Study. PFS workstreams include up to 5,000m of diamond drilling targeting an upgrade of significant portions of the existing Inferred Mineral Resource to Indicated Mineral Resource category. Antipa is actively recruiting for a Study Manager responsible for completing the PFS, and the Company has applied for the future mine access road Miscellaneous Licence for (L45/681). Consistent with previous years, the Minyari Dome Project 2022 Exploration Programme and budget will be subject to ongoing review based on results, field conditions, contractor availability and pricing, and other relevant matters

Exploration Incentive Scheme

Drilling Funding Grant Antipa was successful in Round 26 of the Exploration Incentive Scheme (EIS) and will receive a Western Australian Government funding grant of up to $220,000 for diamond core drill testing of deep Minyari trend targets (http://www.dmp.wa.gov.au/Documents/Geological?Survey/R26_list_CH59b.pdf). Antipa would like to acknowledge the ongoing support provided by the WA Government through its EIS programme for the Company's exploration programmes. The EIS co?funded drilling programme preferentially funds high quality, technical and economically based projects that promote new exploration concepts and are assessed by a panel on the basis of geoscientific and exploration targeting merit

Contact:

Roger Mason

Managing Director

Antipa Minerals Ltd

T: [phone]

Mark Rodda

Executive Director

Antipa Minerals Ltd

T: [phone]

Media

Michael Vaughan

Fivemark Partners

T: [phone]

Competent Persons Statement -

Mineral Resource Estimations for the Minyari Dome Project Deposits, Calibre Deposit, Magnum Deposit and Chicken Ranch Area Deposits and Tim's Dome Deposit: The information in this document that relates to relates to the estimation and reporting of the Minyari Dome Project deposits Mineral Resources is extracted from the report entitled 'Minyari Dome Project Gold Resource Increases 250% to 1.8 Moz' created on 2 May 2022 with Competent Persons Ian Glacken, Jane Levett, Susan Havlin and Victoria Lawns, the Tim's Dome and Chicken Ranch deposits Mineral Resources is extracted from the report entitled 'Chicken Ranch and Tims Dome Maiden Mineral Resources' created on 13 May 2019 with Competent Person Shaun Searle, the Calibre deposit Mineral Resource information is extracted from the 25 report entitled 'Calibre Gold Resource Increases 62% to 2.1 Million Ounces' created on 17 May 2021 with Competent Person Ian Glacken, and the Magnum deposit Mineral Resource information is extracted from the report entitled 'Calibre and Magnum Deposit Mineral Resource JORC 2012 Updates' created on 23 February 2015 with Competent Person Patrick Adams, all of which are available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant original market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements. The information in this document that relatesto the Scoping Study for the Minyari Dome Project is extracted from the report entitled 'Strong Minyari Dome Scoping Study Outcomes' reported on 31 August 2022 which was compiled by Competent Person Roger Mason, which is available to view on www.antipaminerals.com.au and www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the study in the relevant original market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement

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