Priority Phase 2 drill program target areas and exploration activities include: Detailed drilling at 50m spacing centered on drill section RRD004 and RRD007 in the Agam vein. If continuity of high-grade zones intersected in RDD004 is confirmed in the first several holes, the program would effectively continue as a resource delineation drilI program. An initial resource block of approximately 525m length should be tested to 150m depth.

In this context it is important to note that the Agam vein is one of four veins where high-grade mineralization has been intersected and three other veins (Rame, Bohay, Acong) remain untested. Further drill testing of high-grade veins intersected in holes RRD012 and RRD003. Determination of the extent of such mineralization should be the objective.

As such some closely-spaced drilling would be required. Initial drilling of untested vein zones including the Rame and Bohay vein systems. There is an area of active artisanal mining within the Rame vein. Commence a program of detailed surface mapping and sampling across the Rek Rinti prospect area.

The focus should be on identifying areas with vein textures indicative of potential high-grade mineralization to define priority drill targets. Mapping should also try to determine the surface expression of interpreted Induced Polarisation (IP) geophysical features within the prospect area. Targets should be assessed and prioritized for Phase 2 scout drilling.

Mapping should also attempt to better define the network of brittle faults associated with the vein zones. In support of this a drone magnetic (and Lidar) survey is recommended over the prospect area to better define the structural framework. There is also potential for sigmoidal veins developed in dilated structural zones between the major vein zones.

Complete surface mapping of the Aloe Eumpuek prospect area to the south of Rek Rinti to followup on previous mapping that identified high-grade Au-Ag in ginguro banded vein material at surface. The objective should be to define drill targets to be tested as part of the Phase 2 drill program. ANAK PERAK - PHASE 1 DRILL PROGRAM: To end of December 2022, 20 diamond drill holes (APD001 to APD020) were completed.

A total of 2,646.7m was drilled. The holes tested the Anak Perak vein-breccia system over a strike length of approximately 1.2 km. Core recovery averaged over 94%.

Two holes (APD003R,APD007R) were partial redrills of original holes APD003 and APD007 to improve core recovery in specific intervals. Hole APD015 was abandoned due to geotechnical issues. The Anak Perak Phase 1 drill program focused in two areas, a 700m long section of the defined main zone that was tested by seven drill sections (drill holes APD001-APD014 and APD020) and the interpreted southeast extension of the main zone.

Four holes (APD017-APD019) were drilled in the south extension area to test a southeast oriented structurally-controlled zone of sulphide-rich quartz breccia for which surface samples assayed up to 119 g/t Au, 361g/t Ag with very significant Pb (3.9%) and Zn (5.1%). Anak Perak - Main Zone Results: The completed holes represent seven drill sections and confirm the presence of the main zone vein breccia over a strike length of 700m. Two holes were drilled at sites 100-150m apart and designed to test the vein-breccia zone over a vertical extent of approximately 50-175m.

The drilling has confirmed the interpreted nature of the Anak Perak Main Zone with regards to expected zone width, expected vein textures and styles of mineralization and alteration. The results are generally consistent with the results of historical exploration. Vein textures include massive, crystalline quartz with discrete, narrow zones of colloform and crustiform banded quartz and zones of cockade quartz breccia.

The central part of the vein-breccia zone contains common small (<5cm) cavities suggesting that open-space infilling was an important mechanism of main zone development. The occurrence of sulphide mineralization is manifest predominately as common pyrite occurring as fine-grained disseminations within the argillic altered volcanic wallrock adjacent to the main zone and also as coarse aggregates and blebs within the quartz vein-breccia. Anak Perak South Extension: Four holes (APD016-APD019) were completed to test the interpreted southern extension of the Anak Perak Main Zone.

Surface mapping indicates a split of the Main Zone vein-breccia into two vein-breccia zones which also marks an abrupt change in orientation from north-south in the main vein to a southeast vein and a southwest vein. The change in vein orientation as mappedon surface in the drilled area may mark a structural `deflection' of the Main Zone vein-breccia system or possibly reflect the occurrence of vein. Detailed mapping and additional drilling will be required.

Phase 1 drilling tested the southeastern vein. Hole APD016 was located to test for Main Zone continuity south of holes APD012/APD14 and holes APD017-APD019 were located to specifically target a structurally-controlled sulphide-rich quartz breccia. Previous surface rock sampling indicated the breccia to contain high-grade Au (119 g/t), Ag (361 g/t) and significant Cu (3.39%) and Zn (5.16%).

The sulphides are manifest as coarse grained galena, chalcopyrite and sphalerite with pyrite and minor Ag-sulphosalts in a vuggy quartz matrix. Some of the sulphides appear to be contained within what may be clasts within the quartz breccia. None of the south extension zone holes intersected vein-breccia similar to that intersected in the Main Zone holes APD001-APD013.

APD016 did not intersect any significant veining. Hole APD017 intersected some narrow quartz veins with minor sulphides which were not previously sampled and several samples have been subsequently submitted for assay. The Phase 1 scout drill program at Anak Perak was successful in that it confirmed the interpreted extent and expected characteristics of the main vein-breccia system.

However, it is also apparent from the assay results that the system where drilled is poorly mineralized with consistently low-grade (Au, Ag) containing only narrow intersections of the vein-breccia that contain significant mineralization. As such, the results are generally consistent with the results reported from historical exploration. However some additional drilling is warranted at the Anak Perak prospect area.