Carnavale Resources Ltd (CAV) is pleased to announce it has completed a program of RC drilling at McTavish East at the Kookynie Gold Project following up on strong, extensional high-grade gold results from previous shallow aircore drilling in the regolith.

Completed 10 hole, 1,550m RC drilling program targeting the Northern extensions to the McTavish East Prospect identified by CAV aircore.

2 additional holes added to initial program following up positive geology encountered.

RC drilling targeted fresh rock extensions beneath high-grade gold in the regolith.

Samples have been delivered to the laboratory for analysis with results expected in early July.

CEO Humphrey Hale commented: 'The RC drilling at Kookynie testing the high-grade gold hits in the extensional aircore, has been safely completed over the weekend. The geology encountered in the early drilling was encouraging so we were pleased to have added additional drilling to the program.'.

CAV having initially planned to drill 8 RC holes for 1,400m, extended the program to 10 holes for 1,550m as the geology and structure intersected by the drilling at McTavish East was highly encouraging. The main mineralizing structure that hosts McTavish East extends over 2.5km to the Champion South Prospect. The mineralising trend is steeply dipping to the east and is structurally controlled by northeast striking structures that can be interpreted from the aeromagnetic images flown by Carnavale in late 2020. A long section of the main mineralizing structure is shown that provides detail of drilling from McTavish East to Champion South. The RC drilling program tested the fresh rock beneath KOAC487, KOAC 398 and KOAC 396.

The Kookynie Gold Project is located in the central portions of the historic Kookynie Mining Centre 20km south of Leonora. Carnavale's strategy is to explore and define sufficient high-grade, high value gold resources and reserves that can be mined and transported to a processing plant nearby.

Contact:

Tel: +61 8 9380 9098

Competent Persons Statement

This release is approved by the Board of Carnavale Resources Limited. For further information contact: Humphrey Hale Chief Executive Officer P: +61 8 9380 9098 Competent Persons Statement

Forward Looking Statements

Statements regarding Carnavale's plans with respect to the mineral properties, resource reviews, programs, economic studies and future development are forward-looking statements. There can be no assurance that Carnavale's plans for development of its mineral properties will proceed any time in the future. There can also be no assurance that Carnavale will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Carnavale's mineral properties

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