Lode Resources Ltd. announced that Webbs Consol Silver-Base Metal Project ­ Multiple Drill Targets Delineated: Subsequent to the success of Phase I drilling, where broad high-grade Ag, Zn, Pb mineralisation was intersected at the 100% owed Webbs Consol Silver-Base Metals Project, multiple Phase II drill targets have been identified through a combination of Phase I drilling results, mapping, sampling, and an extensive historical literature review. Some 67 historical workings and mineral occurrences have been identified by LDR of which 10 are considered to be high priority Phase II drill targets including the recently drilled Webbs Consol main shaft prospect. Many of these targets were historical mines and government records indicate that these mines were producers of high-grade mineralisation.

These mines have been located through a combination of sampling/mapping and a substantial literature review despite more recent surface remediation efforts infilling and covering past mining activities. Historical reports indicate a vertical gradational zoning of mineralisation. The upper zones are believed to be richer in argentiferous galena with minor sphalerite grade and grades to a more dominant argentiferous sphalerite with minor galena at depth.

It is not known if this gradation occurs at the same level in all mineral occurrences. Furthermore recent work indicates that there are two styles types of mineralisation present at the Webbs Consol Silver-Base Metals Project. That being: 1/mineral emplacement through vein fillings typically found north of the Webbs Consol main shaft prospect, and 2/mineral segregation typically found in mineral occurrences in and south of the Webbs Consol main shaft prospect.

Phase II drill will commence at Webbs Consol immediately following the completion of Uralla Gold Project Phase I drilling. Assays are due in the coming weeks from 18 drill holes previously completed at the 100% owned Uralla Gold and Trough Gully Copper Projects. Recently completed Phase I drilling returned the following highly significant intercepts: Webbs Consol main shaft prospect: WCS0061: 27.50m @ 468 g/t silver eq2 or 9.60 % zinc eq2 (118 g/t silver, 6.52% zinc and 0.77% lead) from 104.60m -incl.

23.80m @ 526 g/t silver eq or 10.79 % zinc eq (135 g/t silver,7.32% zinc and 0.82 % lead) from 105.60m -incl. 4.40m @ 801 g/t silver eq or 16.43 % zinc eq (287 g/t silver, 9.39% zinc and 1.47 % lead) from 105.60m; WCS0071: 24.15m @ 374 g/t silver eq2 or 7.67 % zinc eq2 (63 g/t silver, 5.96% zinc and 0.49% lead) from 122.90m -incl. 19.0m @ 462 g/t silver eq or 9.47 % zinc eq (78 g/t silver, 7.45% zinc and 0.49% lead) from 129.70m -incl.

10.30m @ 675 g/t silver eq or 13.85 % zinc eq (123 g/t silver, 10.82% zinc and 0.56% lead) from 129.70m. Lucky Lucy North prospect: WCS008: 6.70m @ 80 g/t silver eq2 (31 g/t silver and 0.62 g/t gold) from 35.30m; WCS008: 5.50m @ 75 g/t silver eq2 or 1.54 % zinc eq2 (21 g/t silver, 0.72% zinc and 0.26% lead) from 71.50m; WCS009: 5.30m @ 144 g/t silver eq2 or 2.96 % zinc eq2 (82 g/t silver, 0.16% zinc and 0.43% copper) from 70.00m. The estimated true width of the widest intersections in Webbs Consol main shaft prospect drill holes WCS006 and WCS007 is 14.2 metres and 10.4 metres respectively whereas the estimated true width of Lucky Lucy North prospect drill holes WCS008 and WCS009 are yet to be determined by follow-up on-section drilling.

Preliminary metallurgical test work performed on a composite sample of mineralization intersected from drill hole WCS007 was recently reported. This has demonstrated very high recoveries of silver, zinc and lead as well as high metal grades in concentrate from a rougher preliminary flotation test and has allowed metal equivalent values to be calculated. Webbs Consol Project Overview: Located 16km west-south-west of Emmaville, Webbs Consol was discovered in 1890 with intermittent mining up to the mid-1950s.

The Webbs Consol Project (EL8933) contains several small, but high grade, silver-lead-zinc-gold deposits hosted by the Webbs Consol Leucogranite which has intruded the Late Permian Emmaville Volcanics and undifferentiated Early Permian sediments. Several mine shafts were worked for the high-grade galena and silver content only with high-grade zinc mineralisation discarded. Mineral concentration was via basic Chilean milling techniques and sluicing.

Some subsequent rough flotation of galena was carried out with no attempt to recover sphalerite. Ore mineralogy includes galena, sphalerite, marmatite, arsenopyrite, pyrite, chalcopyrite, minor bismuth, and gold. Chief minerals are generally disseminated but also high grade bungs where emplacement is a combination of fracture infilling and country rock replacement.

Gangue mineralogy includes quartz, chlorite and sericite with quartz occurring as veins and granular relicts. Historical sampling shows potential for high grade silver and zinc mineralisation at Webbs Consol. It was reported that 12 samples taken from the lowest level of the main Webbs Consol shaft ("205' Level" or 60m depth) averaged 210g/t silver, 22.6% zinc and 2.74% lead.

Epithermal style mineralisation occurs in en echelon vertical pipe like bodies at the intersection of main north-south shear and secondary northeast-southwest fractures. No leaching or secondary enrichment has been identified.