West Australian gold explorer BMG Resources Limited (ASX: BMG) (BMG or the Company) is pleased to report that it has received the first batch of assay results from 2,880m of drilling completed in December at the Company's 100%-owned Abercromby Gold Project, south of Wiluna in the northeastern Goldfields.

Abercromby is one of BMG's three highly prospective, 100%-owned gold exploration projects in the Tier 1 mining jurisdiction of Western Australia. BMG's other projects are Invincible in the Central Pilbara and South Boddington in the State's South West.

BMG's maiden drill program at Abercromby was designed to test the nature and continuity of known mineralisation at the Capital prospect, which has yielded historic multiple thick and high-grade gold intersections.

The Abercromby assay results are selections from mainly fresh rock intervals in 8 of 13 reverse circulation (RC) and diamond drill holes, accounting for circa 30% of the total samples of the campaign. Assays for the shallow oxide intervals of the RC holes are pending, along with all samples relating to the diamond drill holes.

BMG Managing Director Bruce McCracken said: 'These are exceptional early results from our exploration push at Abercromby, just four months since we acquired the project, and reflect only a small sample of the total completed drill campaign.

'We are highly encouraged by what we have seen in these interim results and look forward to seeing the complete picture once the outstanding assays are received in coming weeks. We can then assess next steps with regards to confirming Abercromby's gold potential.'

BMG's interpretation of mineralisation at Capital is that of an approximately north-trending shear zone that contains internal high-grade, south-plunging shoots.

The initial assays from Capital indicate that the mineralised intervals from this set of results fall in, or are very close to, the spatial positions predicted by BMG's mineralisation model. This increases the Company's confidence in the grade distribution and general predictability at Abercromby.

Once the assay results from the remaining sampling are returned, including those of the diamond holes that targeted key sections within and below the known mineralised shear, BMG will be able to better understand the controls to the mineralisation.

About the Abercromby Project

The Abercromby Project is located on the Wiluna Greenstone Belt, one of Western Australia's most significant gold-producing regions with a gold endowment of +40Moz Au - second only to Kalgoorlie globally in terms of historic production.

The geology at Abercromby is very favourable for gold mineralisation, with high-grade gold interpreted to be hosted in dolerite sill associated with granophyric zone - similar to gold deposits at St Ives and across the Kalgoorlie Golden Mile. Historic drilling at Abercromby has intersected multiple thick intervals of high-grade gold mineralisation to confirm the presence of a large high-grade gold system. BMG holds 100% of Abercromby, which comprisesthe gold and other mineral rights (ex-uranium) of two granted mining leases (M53/1095 and M53/336).

Contact:

Bruce McCracken

Tel: +61 8 9424 9390

Email: enquiry@bmgl.com.au

Disclaimer

Forward looking statements are statements that are not historical facts. Words such as 'expects', 'anticipates', 'believes', 'potential', 'may' and similar expressions are intended to identify forward looking statements. These statements include, but are not limited to, statements regarding future production, resources and reserves and exploration results. All such statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results to differ materially from those expressed in or implied by the forward looking statements. Investors should not construe forward looking statements as guarantees of future performance due to the inherent uncertainties therein.

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