Black Cat Syndicate Limited ('Black Cat' or 'the Company') is pleased to announce drilling results from the Kal East Gold Project ('Kal East').

Black Cat's Managing Director, Gareth Solly, said: 'The infill and extensional results from Majestic further confirm the potential of the planned underground mine. Identification of mineralised footwall zones are expected to further enhance mine economics. Additional extensional drilling of Majestic will be undertaken from underground positions after the commencement of mining. Maiden Ore Reserves are planned for completion in the March 2022 quarter. Drilling with two RC rigs is ongoing.'

Infill and Extensional Drilling at Majestic Mining Centre (M25/350) 100% The Majestic Mining Centre produced 1.4Mt @ 2.5 g/t Au for 113,000 oz from three open pits between 2016 and 2018. The area contains a stripped profile and most historical drilling is considered too shallow to effectively test for new discoveries.

Start-up operations at Kal East are planned to include an underground mine at Majestic in conjunction with an open pit at Myhree. An extensive drilling campaign at Majestic commenced in May 2021. This drilling was designed to test shallower footwall structures in addition to infill and extend the underground Resource of 1.1Mt @ 5.2 g/t Au for 184,000 oz and to estimate a maiden underground Ore Reserve. Diamond drilling continued until October 2021.

Contact:

Gareth Solly

Tel: +61 458 007 713

Email: admin@bc8.com.au

ABOUT BLACK CAT SYNDICATE (ASX: BC8)

Black Cat's Kal East Gold Project comprises 800km2 of highly prospective tenements to the east of the world class mining centre of Kalgoorlie, WA. Kal East contains a combined JORC 2012 Mineral Resource of 17.7Mt @ 2.2 g/t Au for 1,238,000 oz which is mainly located in the Myhree, Majestic, Fingals and Trojan Mining Centres. Black Cat plans to construct a central processing facility near the Majestic Mining Centre, 50kms east of Kalgoorlie. This location is well suited for a processing facility and sits within a short haulage distance of the bulk of Black Cat's Resources. The processing facility will be a traditional carbon-in-leach gold plant which is ideally suited to Black Cat's Resources as well as to third party free milling ores located around Kalgoorlie. Black Cat is well advanced on securing key, long lead time items. High quality Outokumpu ball mills and associated infrastructure have already been purchased and relocated. After servicing in Kalgoorlie, the mills will be relocated to the Majestic Mining Centre. Other key components have also been identified for procurement and Black Cat intends to secure all items needed to allow for production to commence in the second half of 2022. Black Cat's extensive ground position contains a pipeline of projects spanning from exploration targets on new greenstone belts, Resource extensions around historic workings and study work for the definition of maiden Ore Reserves. Black Cat is actively growing and upgrading the current Resources with ongoing drilling programs underway and delivering results.

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