Odin Metals Limited completed ~2,800m out of a planned 5,000m drilling programme in December 2021 at its Koonenberry project, with 12 holes (CV0001-12) for 960m being completed on the Cymbric Vale Prospect. Drilling at Cymbric Vale targeted significant copper mineralization intersected in two shallow (<30m) historic RC exploration holes drilled 600m apart and a large circular HeliTEM anomaly located to the south known as big mother. Drilling completed at Cymbric Vale by ODM intersected significant mineralization in the majority of holes with a deeper hole completed to the north of the most southern hole intersecting visual Copper sulphide mineralization (CV0010).

Drilling returned significant mineralization including: significant Cu results returned from Cymbric Vale, include1: 1m @ 1.90% Cu from 35m ­ Hole CV00062 Incl. 6m @ 3.20% Cu from 37m2, 7m @ 1.08% Cu from 48m ­ Hole CV00042, 10m @ 0.88% Cu from 11m ­ Hole CV00022, 13m @ 0.77% Cu from 13m ­ Hole CV00082, 8m @ 0.76% Cu from 15m ­ Hole CV00032 The drill results support the existence of larger higher grade primary Copper mineralization at Cymbric Vale in comparison to that reported in the two historic holes, with mineralization remaining open in all directions and at depth. Cymbric Vale is located within an area where a recent HeliTEM survey completed by Odin identified targets over >12km of strike An untested EM anomaly generated in the recent HeliTEM, lies to the northwest of the recent drilling and has yet to be drill tested The drill results at Cymbric Vale support additional RC drilling, that is scheduled to commence from the 11th of February, initially at the Grasmere Deposit, followed by drilling as a priority at Cymbric Vale.

Drilling will continue along strike to the NE, and test the EM target which is in close proximity to the new drilling by ODM Drilling completed at Big Mother (CV0011-12), intersected intensive shallow magnetite alteration associated with a mafic gabbro intrusive system. ODM now plans to model the recent HeliTEM data to assess the shallow magnetite alteration system intersected at Big Mother and its potential to host an Iron Oxide Copper-Gold (IOCG) deposit Assay results from initial RC drilling at the Grasmere Deposit3 located approximately 30km east of Cymbric Vale are expected to be received soon Scout drilling is ongoing across the Koonenberry Copper Project, with the rig about to commence on a number of priority HeliTEM targets in the Grasmere region following up the recent EM survey and continuing early testing of the Grasmere Resource.