Dacian Gold Limited reported the latest intersections below the Jupiter mining complex in its Phase 2 drilling activities at the Jupiter extension program. The completion of the Phase 1 program and these Phase 2 drilling results confirm the potential for mineralisation of significant width and scale associated with the syenite intrusive system at the Mt Morgans Gold Operation. T 2022; DBJ and Saddle Drilling Results These results follow the earlier successful drilling from the Jupiter extension program at Ganymede, Heffernans and Doublejay).

At DBJ and Saddle, the following significant intercepts were recorded: Drillhole 22JUDD0838: 41.4m @ 1.1g/t from 361m, including: · 6m @ 4.1g/t from 378.0m; Drillhole 22JUDD0834: 29.2m @ 1.6g/t from 346.25m; 0.4m @ 28g/t from 440.9.0m; 0.8m @ 8.9g/t from 261.7m; 3.2m @ 1.8g/t from 403.8m Drillhole 22JUDD0839: 37.5m @ 0.9g/t from 451m, including: 15.65m @ 1.3 g/t from 482.85m; Drillhole 22JUDD0831: 5.4m @ 1.6g/t from 97.45m. Drillhole 22JUDD0830: 4.2m @ 2.0g/t from 320m. Please note that the potential quantity and grade are conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource, and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Phase 2 drilling of the Jupiter extension program is continuing and is designed to test the Jupiter exploration target across the full strike extent of the Jupiter syenite system, to a depth of approximately 400m below surface, before resource estimation and engineering studies commence After completion of this exploration program, Mineral Resource estimation and subsequent mining studies under a leaner operating model, will be conducted.