DiscovEx Resources Limited

DiscovEx Resources Limited is engaged in mineral exploration and evaluation of gold and base metals mineral resources in Western Australia and Queensland. Its Sylvania Project is located in the Pilbara Region of Western Australia centered approximately 50 kilometers (km) south-west of the iron ore hub of Newman and approximately 60 km west of the large-scale gold mine development operated by Capricorn Metals Ltd at Karlawinda. The tenement position for the Sylvania Project is 11 granted exploration licenses (EL) covering an area of 1,339.2 square kilometers (km2), three EL applications covering an area of 192.2 km2 held by the Company and others. Its Edjudina Project is situated within the southern portion of the Laverton District, about 700km north-east of Perth, which hosts numerous gold deposits, including Anglogold Ashanti Australia Limited’s Sunrise Dam, Northern Star Resources Limited’s Carosue Dam and Matsa Resources Limited’s Red October Project.