Golden State Mining Limited announced encouraging high grade gold results from the shallow RC program and broad structural alteration zones intersected in the diamond drilling program at Cue. The Company is further encouraged by the observations obtained from the first two deep diamond holes that suggests previously unrecorded alteration and structure will assist in interpreting possible sources of mineralization. The Reverse Circulation (RC) drilling program accomplished the following target criteria: Targeting untested down-dip gold potential related to high-grade historic gold workings and shallow historic drilling; Defined structural and `along trend' targets with negligible existing drill coverage The Golden State shallow RC program consisted of 15 holes for a total of 1524 metres varying in depth from 60-152 metres with an average depth of 102 metres. Eight holes (18GSLARC0001-8) were drilled at the Light of Asia and Queen of the May workings including two pre-collars and one diamond tail targeting down-dip and plunge positions and along strike to the north. A further five holes (18GSSLRC0001-5) were drilled at the Salisbury workings targeting similar positions. Another two holes (18GSCNRC0001-2), were drilled at the Cue North Prospect including one pre-collar targeting a down- plunge position to the north of existing mineralisation. The RC drilling recorded both high-grade gold intercepts and anomalous gold zones in a coarse-grained granodioritic-tonalitic intrusive setting with minor dioritic phases and quartz feldspar porphyry units. Field logging of RC chips recorded several highly encouraging zones of weak to strong shearing, persistent quartz veining and weak to strong silica and feldspar (interpreted as albite) alteration with variable chlorite-carbonate-pyrite alteration intervals in several holes. Negligible cover sediments (approximately 2-3 metres of soil and calcrete) were logged and Depth of Weathering (DoW) was reported in the range 50-60m (vertical depth). All holes (with the exception of one vertical hole) were drilled -60 degree on NE to SE azimuths to target approximately north trending corridors and structures. The highest-grade gold intercept occurred on the Light of Asia trend in hole 18GSLARC0006, 3m @ 20.1 g/t including 1m @ 56.6 g/t Au. The mineralised interval consisted of a three-metre (downhole) quartz vein zone within a six-metre interval of slightly weathered, silica-chlorite alteration with variable carbonate-altered intervals on the footwall of a one metre interpreted doleritic unit in the Cue Granite. This high-grade gold intercept is particularly significant, as the mineralised quartz vein zone is located approximately 500 metres north of the historic Light of Asia mine and related historic RC drilling. Hole 18GSLARC0006 targeted the down-dip potential of a historic, shallow anomalous RAB drill hole. The mineralisation remains open in all directions and demonstrates the continued prospectivity and strong potential for high-grade gold mineralisation at relatively shallow depths at the Cue Project. Diamond drilling at Light of Asia consisted of one hole (18GSLARCD0003) with a 60 metre RC pre-collar and a 38.7 metre diamond tail and was designed to test the up-dip potential of a significant zone recorded in a historic RC hole. Field logging and observations show a complex mylonitic sheared zone on the footwall of porphyry intrusive. The footwall of the sheared zone displays zones of intense silicification containing chlorite alteration and minor sulphides. The core from this hole is still being processed and sections of this hole have been sent for assay with results expected in 3-4 weeks. Another diamond tail testing the down-dip of the same RC hole is planned but results from the first diamond tail will determine if this second hole is required. Another high-grade gold intercept occurred approximately 40 metres south of the Salisbury workings in 18GSSLRC0003, 2m @ 6.0 g/t. This mineralised interval consists of a five-metre-wide quartz vein zone within a 10-metre interval of slightly weathered silica-chlorite alteration with varying carbonate altered intervals on the footwall of a four-metre interpreted diorite phase in the Cue Granite. The mineralisation is open down-dip and along strike to the south and is interpreted to represent another high-grade shoot plunging to the north. A diamond drill program targeting geophysical anomalies and near surface mineralisation commenced in December 2018. Two deep RC pre-collars for a total of 685 metres were completed with diamond tails for a total of 468.8 metres from a planned four-hole program. 18GSCRCD0001 was designed to intercept a shallow seismic reflector and the greenstone contact based on interpretation of the recent gravity results. 18GSCRCD0002 was designed to intercept a deeper seismic reflector. The coarse-grained granitic rock observed in the diamond drill core was historically identified as a hybridised granite and referred to as the `Cue Granite'. GSM has observed significant intervals downhole of strong alteration assemblages previously unrecorded by former explorers which in some intervals completely replaces the original granitic texture. Other lithologies observed included Archaean greenstone (mafic) remnants recorded as basaltic and doleritic types in addition to dioritic and porphyry intrusives. Therefore, Golden State will now refer to this coarse-grained granitic rock as the Cue Tonalite Complex (`CTC'). The CTC is host to numerous, historic high-grade gold workings in the Cue Goldfield.