Buxton Resources Ltd. updated shareholders on progress at Buxton's 100% owned Graphite Bull project, Gascoyne Region, WA. Modelling of results from the recent Ground EM survey has now been completed by Southern Geoscience Consultants. Multiple individual plates have been identified with conductance averaging 3,600 Siemens, up to 10,300 Siemens.

Graphite mineralisation is the only geological material identified in this area that can account for the EM anomalies. The modelling results are best presented on long section and indicate graphite mineralisation extends along a strike length of at least 2,300 metres within a cross-strike width of about 50 metres. Within this 2,300m, Buxton's 2014 Inferred Resource of 4 Mt @ 16.2 % Total Graphitic Carbon (TGC) occupies a strike length of just 460 metres.

Historical drilling (1974) directly along strike but outside these modelled plates includes CEC_11 which intersected 12.2 metres @ 17.5% graphite, and CEC_13 which ended in 3 metres @ 10% graphite. These outlying intersections, coupled with existing Buxton drilling, substantially de-risk the EM modelling. Buxton will immediately commence wide spaced exploration drilling to confirm along-strike graphite grades and thicknesses, which cannot be directly inferred from EM modelling.

To that end, a second Programme of Work was submitted to DMIRS, and has been approved. This complements existing approvals for work in the central resource area, which allow for extensional drilling over approximately 1,000 metres of strike length. Encouragingly, demand for Li-ion batteries, fuel cells and other graphite-intensive renewables technology continues to escalate, pushing the global graphite market into deficit for the first time in modern history.

These ground EM results indicate that Graphite Bull is a large mineralised system, with conductive graphite mineralisation present over at least 20 times the long- sectional area of the defined Resource. Mineralisation also extends far below existing drilling, with the deepest EM plates extending 1,500 m below surface. In comparison, the deepest part of the defined Resource is 250 m below surface.

Buxton looks forward to providing regular updates to shareholders on this 100% Buxton-owned graphite project.