Winmar Resources Ltd. completed a review and upgrade from JORC 2004 to JORC 2012 of Mineral Resource estimates for its 70% owned Hamersley Iron Project. The Hamersley Iron Project comprises Mining Lease M47/1450, and is located approximately 50 km north- east of Tom Price in the Pilbara region of Western Australia, immediately south of the Solomon project held by Fortescue Metals Group Ltd. and north of Rio Tinto's Rail network. Winmar's interest in the Hamersley Iron Project is held through an unincorporated joint venture, the Winmar Exploration Joint Venture (WEJV) between Winmar (70%) and Lockett Fe Pty Ltd. (30%) (a wholly owned subsidiary of Cazaly Resources. The Hamersley Iron Project has been the subject of several reverse circulation and diamond drilling exploration programs since 1998, and in total 168 holes have been drilled for 22,621 m of drilling. The Hamersley Iron Project includes both Channel Iron Deposit (CID) and Detrital Iron Deposit (DID) styles of iron mineralisation. The CID is a coherent body at least 2.0 km by 2.5 km in area and, in the southwest, is overlain by DID mineralisation comprising unconsolidated detrital material. The mineralisation remains open in several directions, particularly to the north. In June 2019, Winmar engaged Perth-based geological consulting group Al Maynard & Associates (AMA) to complete a review of the Hamersley Iron Project and to complete a new Mineral Resource prepared in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. AMA have completed a review of the Mineral Resource estimate prepared by Runge Pinnock Minarco Ltd. (Runge) in 2013 and reported by the Company in May 2013. There has been no further drilling or any other factors that would affect the reported resource since this report. The resource modelling and reporting was found by AMA to be compliant with the current JORC Code (2012) except that the reporting of the QAQC for the drilling, sampling and assaying did not fully meet the JORC Code (2012) requirements. AMA proceeded to obtain all the relevant QAQC data and reports then carried out a thorough statistical study of this data and found that the drilling and sampling procedures met the standards required by the JORC Code (2012). AMA then modelled the resource independently using the same drilling data but using different software and modelling method as a check of the Runge estimate and came up with tonnes and grades consistent with those reported by Runge, and well within reasonable limits. AMA have accepted the Runge May 2013 Mineral Resource estimate, and along with the AMA reporting of the QAQC for the drilling, sampling and assaying, are now reporting the Mineral Resource estimate in accordance with the JORC Code (2012). A few Key Points are Indicated Resource is 42.6 Mt at 55.2% Fe (57.3% CaFe), Total Mineral Resource: 343.2 Mt at 54.5% Fe (57.9% CaFe), Independent review completed of previous Mineral Resource JORC Code (2004) estimate reported by Runge Pinnock Minarco Limited, Independent review of QAQC procedures for the historic drilling, sampling and assaying work completed to ensure compliance with JORC Code (2012), Independent re-modelling of the historical drilling, sampling and assay data to validate previous Mineral Resource estimate and to allow a Mineral Resource estimate to be reported in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'(JORC Code 2012).