Golden State Mining Limited provides an update on the Yule Project field exploration planning progress and the results of an Aircore (AC) program completed in December 2019 at the Four Mile Well project, located north of Laverton in the North-Eastern Goldfields region of Western Australia. Yule North: The Sholl Shear Zone (SSZ) is a major regional structure within the Western and Northern Pilbara. The SSZ consists of a major easterly to north easterly trending strike-slip fault zone and is interpreted as an important tectonic domain boundary in this region. The strike extent of the SSZ is over 21 kilometres along the southern boundary of the Yule North project and represents a significant exploration opportunity for GSM in the 2020 field season. This section of the SSZ has been subject to only limited previous gold exploration activities targeting magnetic highs interpreted as Banded Iron Formation (BIF) and ultramafic units. GSM has been reviewing this previous exploration data and has noted a lack of systematic exploration in and around favourable geophysical structures offsetting the main SSZ trend. These areas will be the main focus for drill targeting in the 2020. Drill planning and statutory approvals are ongoing for the Balla Yule Prospect which forms part of the greater Yule North project area. Yule East - Exploration License Application E45/5570 A new exploration license application covering additional prospective ground to the east of the current Yule Project is expected to be granted in early 2020, bringing the total project area (granted and application to 656km2. This recently acquired ground has previously been the subject of a geophysical review of aeromagnetic and airborne radiometric data which identified 14 priority targets along the Yule River Shear Zone (YRSZ) within the tenement area. Previous broad spaced AC drill traverses along approximately 15 kilometres of this prospective structure revealed a nine-kilometre zone of bedrock gold anomalism up to 244 ppb, associated with elevated pathfinder elements Copper 481 ppm and Arsenic 230 ppm from separate holes. GSM research has found lit le or no follow up drilling has been completed, and the majority of these targets are designated robust dril targets for evaluating in the 2020 field season.