Egan Street Resources Limited announced it has further expanded the regional exploration potential at its Rothsay Gold Project (Rothsay or the Project), located 300km north-east of Perth in WA's Midwest region, after identifying a series of priority regional targets within the Karara Shear, immediately north of its existing high-grade resources. The new targets were identified during an extensive regional mapping review of the Company's 100%-owned exploration tenements. This exercise was undertaken in order to enhance EganStreet's pipeline of high-potential gold exploration opportunities at Rothsay. To date, EganStreet has focused its assessment of geological potential on the Mining Leases (ML's) at Rothsay, principally the main area of and the area immediately surrounding the Woodley's Resource. "EganStreet has been conducting an extensive mapping review of 100% owned exploration tenements at Rothsay. The results indicate the geological potential extends significantly beyond current Resource. The Company is now combining the assessment of the surrounding exploration leases, which includes geological mapping and the identification of historical mining area. This will in turn lead to a full field data and prospectivity review. Mapping of the exploration leases immediately to the north of the ML's is now complete. Two areas of historical mining activity have now been identified: The Karara workings, located to the north of the ML's. These workings have been historically described by Hunter Exploration (1997) and drilled by Metana Minerals (10 holes in circa 1990); and a line of workings located immediately north of the Tailings Storage Facility (TSF) which, while being located within the ML's, have previously been mapped, however not drilled. Recent field mapping completed by EganStreet has traced a band of tremolite altered rock which is semi-continuous over a strike extent of 4km linking and continuing to the north and south of both sets of workings. This geological feature, named the Karara Shear, bears several similarities to the Woodley's Shear which hosts the main Mineral Resource at Rothsay, namely: It comprises mafic/ultramafic host rocks; The Karara Shear and Woodley's Shear are coincident with linear magnetic highs (as are the other identified mineralised shears at Rothsay); and Gold mineralisation, where it has been identified, is contained by quartz veins with a selvedge of intense tremolite alteration. Project Update: EganStreet continues to advance project finance discussions for development of the Rothsay Gold Project. The Company is also engaged with the relevant Government departments for the remaining approvals ­ with a Mining Proposal and Mine Closure Plan, Native Vegetation Clearing Permit and Works Approval and License application all under assessment. All major construction contracts (camp civils, power, camp, water & waste water, process plant, IT and communications) have been let, or are in the final stages of procurement. It is expected that construction will commence immediately following project financing once all necessary approvals have been received.