Flynn Gold Limited to provide an update on the latest results of its diamond drilling program currently underway at the Trafalgar prospect, part of the Company's Golden Ridge Project in NE Tasmania. To date the Company has completed 4 diamond drill holes at the Trafalgar prospect (TFDD002/2B, TFDD003, TFDD004 and TFDD005/5B) with the rig currently drilling TFDD006. Drill hole TFDD005 was sited approximately 100m east of the mineralised zone intersected in TFDD002, and 200m east of TFDD003-004.

TFDD005 was drilled into hornfelsed Mathinna Group sediments with several shallow historical workings nearby. The hole intersected a spectacular zone of quartz vein with semi-massive sulphides including visible gold at approximately 120m depth. This vein is currently interpreted to correspond with vein zones intercepted in previous drill holes TFDD002, TFDD003 and TFDD004.

Outstanding high-grade gold was intersected in TFDD005 within this zone, recording: 12.3m @ 16.8g/t Au and 27.6g/t Ag from 108.7m, including 4.7m @ 14.6g/t Au and 19.25g/t Ag from 108.7m, including 0.85m @ 72.0g/t Au and 96.1g/t Ag from 111.75m, and 2.0m @ 68.5g/t Au and 123.0g/t Ag from 119 to 121m (EOH), including 1.25m @ 106.6g/t Au and 195.1g/t Ag from 119.75m, including 0.7m @ 152.5g/t Au and 277.0g/t Ag from 120.3m to EOH. Hole TFDD005B, drilled off TFDD005 at 91.5m, intersected further intense quartz veining with semi-massive sulphides and visible gold through to a depth of approximately 123m. TFDD005B intersected further zones of veining downhole, including a quartz vein breccia zone with visible gold between 345.8-346.8m (Figure 8), and was completed at a depth of 384m.

Processing and sampling of TFDD005B drill core is ongoing and assay results will be reported when they become available. Drilling of TFDD006 with a planned depth of 300 metres is underway with 250 metres completed to date. TFDD006 will test for continuity of vein zones between TFDD002 and TFDD005/5B.

New assay results have also been received for drill holes TFDD002B, TFDD003 and TFDD004. Significant results are listed in Table 2, and include: Hole TFDD004 commenced from the same collar position as TFDD003 and was drilled to a depth of 503.5m, testing for extension to mineralisation below TFDD003 and TFDD002. It intersected quartz-sulphide veins at 184-191m, 297-300m and 474-478m with assays pending for the latter two intervals.