Great Northern Minerals : High grades from reconnaissance sampling at Douglas Creek

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ASX Announcement

31 May 2022

High Gold-Silver-Copper grades returned from reconnaissance

sampling at Douglas Creek prospect

Highlights:

• Reconnaissance sampling program at Douglas Creek discovers outcropping high-gradegold-silver-copper mineralisation
• 15 samples taken over an area 900 by 170m - majority of samples returned strong gold, silver and copper assays - up to 2.0 g/t Au, 88 g/t Ag and 11.0% Cu
• GNM targeted an area of anomalous bulk cyanide leach sampling dating from 1988 - with no known historical workings in area

Great Northern Minerals Limited (ASX: GNM) ("GNM" or the "Company") is pleased to announce the results of a reconnaissance sampling program at the Douglas Creek prospect, located on EPM 27522, part of GNM's Golden Ant Project in North Queensland. Samples were taken from outcrop and float in an area with no known historical workings.

The sampling program was designed to follow up a historic bulk cyanide leach gold (BCL) anomaly, dating from 1988, where sampling returned assays of up to 4 ppb (parts per billion) Au. Fifteen samples were taken from outcrop and surface float from an area approximately 900 by 170m. The majority of samples returned strongly anomalous gold, silver and copper grades of up to 2.0 g/t Au, 88 g/t Ag and 11.0% Cu.

Further soil sampling and rock chip sampling will be carried out in June to follow up this exciting new discovery.

Figure 1 Douglas Creek Sampling

Great Northern Minerals Limited	T: +618 6214	0148
ABN 22 000 002 111	Level 1, 33 Colin Street
www.greatnorthernminerals.com.au	West Perth, WA	6005
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GNM CEO & Managing Director, Cameron McLean said: "The recently completed sampling program at Douglas Creek has returned outstanding results of up to 2.0 g/t Au, 84 g/t Ag and 11.0% Cu. The sampling program was designed to follow up highly anomalous BCL Au sampling results from 1988.

The majority of samples returned highly anomalous gold, silver and copper grades from an area of no known historical workings over an area of approximately 900 by 170m

We intend to follow up these exciting results with a detailed soil sampling program and further rock chip sampling planned to take place in June".

Figure 2 GNMRC12 (1.2 g/t Au, 88 g/t Ag & 0.2% Cu)

Great Northern Minerals Limited	T: +618 6214	0148
ABN 22 000 002 111	Level 1, 33 Colin Street
www.greatnorthernminerals.com.au	West Perth, WA	6005
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Douglas Creek Rock Chip Assay Results

GNM undertook reconnaissance rock chip sampling at the Douglas Creek target (EPM 27522), part of GNM's Golden Ant project in Central Queensland. Fifteen samples were taken over an area of approximately 900 by 170m (refer to Table 1 for sample descriptions and assay results).

The reconnaissance program was designed to follow up a bulk cyanide leach (BCL) anomaly discovered in 1989 and never followed up. The BCL anomaly is located in an area with no known historic workings.

The samples returned highly anomalous gold, silver and copper grades of up to 2.0 g/t Au, 84 g/t Ag and 11.0% Cu from mesothermal style mineralisation. GNM plan to complete a systematic soil sampling grid over the area combined with a more extensive rock chip sampling program to better understand the extent of the mineralisation. This program is scheduled to take place in June.

Figure 3 Douglas Creek Sampling Program

Great Northern Minerals Limited	T: +618 6214	0148
ABN 22 000 002 111	Level 1, 33 Colin Street
www.greatnorthernminerals.com.au	West Perth, WA	6005
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Table 1 Douglas Creek Rock Chip Assay Results

Sample No.	Easting	Northing	Description	Au g/t	Ag g/t	Cu %
GNMRC01	357930	7930291	Sandstone & qtz veining with Fe staining	0.0	67	0.0%
GNMRC02	357942	7930320	Sandstone & qtz veining with Fe staining	0.1	65	0.0%
GNMRC03	357905	7930411	Sandstone/mica-sericite	bdl	1	0.0%
GNMRC04	357842	7930520	Sandstone/mica-sericite	bdl	0	0.0%
GNMRC05	357701	7930937	Vuggy gossan	0.0	6	0.0%
GNMRC06	357684	7930821	Qtz vein (dog tooth texture)	0.4	27	0.1%
GNMRC07	357689	7930823	Diorite	0.4	19	0.1%
GNMRC08	357660	7930853	Qtz malachite veining	2.0	84	11.0%
GNMRC09	357661	7930829	Ferruginous qtz vein & gossan	0.7	19	0.4%
GNMRC10	357644	7930856	Qtz vein	0.4	52	0.1%
GNMRC11	357648	7930884	Limonitic qtz vein & gossan	1.7	33	0.2%
GNMRC12	357658	7930890	Gossan with minor qtz	1.2	88	0.2%
GNMRC13	357662	7930915	Ferruginous qtz veining	1.1	20	0.1%
GNMRC14	357675	7930957	Bleached sandstone, minor Fe and Si	0.5	3	0.1%
GNMRC15	357712	7931143	Aplite dyke	0.2	21	0.1%
bdl - below detection limit
Figure 4 Douglas Creek Location

Great Northern Minerals Limited	T: +618 6214	0148
ABN 22 000 002 111	Level 1, 33 Colin Street
www.greatnorthernminerals.com.au	West Perth, WA	6005
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***ENDS***

This announcement has been authorised by the Board of Great Northern Minerals Limited.

For more information please contact:
Cameron McLean	Peter Taylor
Managing Director	Investor Relations
Great Northern Minerals	NWR Communications
[phone]	[phone]
[e-mail]	[e-mail]

About Great Northern Minerals Limited

Great Northern Minerals Limited is an ASX-listed gold focused explorer and developer. The Company's Golden Ant Project is located in Far North Queensland and includes the Amanda Bell and Big Rush Goldfields.

Total gold production from the Amanda Bell Goldfield was approximately 95,000 oz Au (57,000 oz from Camel Creek and 14,000 oz from Camel Creek satellite deposits plus 18,000 oz from Golden Cup and 6,000 oz from Golden Cup satellite deposits). Total gold production from the Big Rush Goldfield was 60,000 oz Au. Three heap leach gold mines were operated (Camel Creek, Golden Cup and Big Rush). Mining activities commenced in 1989 and ceased in 1998 with the depletion of oxide gold mineralisation.

Great Northern Minerals aims to develop a new gold camp in North Queensland based on the Golden Ant Project.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled under the supervision of Simon Coxhell, the Technical Director of Great Northern Minerals Limited. Mr. Coxhell is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the styles of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves." Mr. Coxhell consents to the inclusion in this report of the matters based on his information in the form and context in which they appear.

Great Northern Minerals Limited	T: +618 6214	0148
ABN 22 000 002 111	Level 1, 33 Colin Street
www.greatnorthernminerals.com.au	West Perth, WA	6005
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