Peako Limited provided an update on assay results received to date from its 2021 exploration field season activities at its East Kimberley Project. Results from rock chip sampling, completed late in the 2021 field season, have now been received with anomalous assay results returned from 7 of the 9 prospects sampled. A total of 93 samples were collected from prospects in the Eastman (E80/4990) and Wirana (E80/5182) tenements. At Landrigan two rock chip samples were taken, with gold grades up to 19.68 g/t Au and multi-element data identifying Au-Ag-Cu-Pb metal signatures. The two high-grade rock chip samples are located adjacent to the company's 2021 scout drill holes for which results are pending. The rock chip sample results are: Sample P2104515: 19.7 g/t Au, 243 g/t Ag, 3.3% Cu & 10.5% Pb; Sample P2104514: 2.0 g/t Au, 50 g/t Ag, 1.5% Cu & 1.6% Pb. The Landrigan Prospect was originally identified by BHP as a base metal prospect with Peako recognising the prospect's gold potential from results of its 2019 RC drill program. That program intersected Cu-Au mineralization with results that included 15m at 1.04% Cu from 184m in PLRC011 and 7m at 1.1 g/t Au from 133m in PLRC001. The new rock chip results from Landrigan extend the strike length of known mineralization previously intersected in historical drilling by a further 90m, bringing the total strike of the system to approximately 300m. The Au-bearing quartz vein systems at Landrigan strike broadly ENE to NE and dip S to SW. The company's 2021 scout drilling was designed to test near-surface (<100m) extensions to these vein systems. The results are pending. The Appaloosa prospect rock chip samples have Au-Ag-Pb metal association, with minor Cu and Zn values. New high-grade results at Appaloosa include: Sample P2101018 - 10.95 g/t Au, 7.8 g/t Ag, 1.8% Pb, 0.12% Cu & 0.11% Zn; Sample P2101016 - 5.66 g/t Au, 14.4 g/t Ag, 9.2% Pb, 0.13% Cu & 0.12% Zn; Sample P2101019 - 4.27 g/t Au, 5.3 g/t Ag, 1.7% Pb, 0.07% Cu & 0.24% Zn; Sample P2101017 - 3.04 g/t Au, 10.0 g/t Ag, 6.5% Pb, 0.08% Cu & 0.5% Zn; Sample P2101020 - 1.73 g/t Au, 6.0 g/t Ag, 1.3% Pb, 0.09% Cu & 0.1% Zn; Sample P2101021 - 1.1 g/t Au, 13.2 g/t Ag, 0.56% Pb, 8.7% Cu & 0.03% Zn. At Gypsy new rock chip samples continue to define quartz-copper vein-shear systems hosted within or at the margins of gabbro. The samples consisted of gossanous quartz veins with varying amounts of associated malachite, covellite and chalcopyrite. The veins are generally less than 1m in width and form a N to NE trending stacked array. New significant copper-rich results from Gypsy include: Sample P2101015 - 3.7% Cu, 0.8 g/t Au, 5.7 g/t Ag & 0.04 % Pb; Sample P2101013 - 3.2% Cu, 0.02 g/t Au, 0.07 g/t Ag & 0.01% Pb; Sample P2101011 - 1.4% Cu, 0.02 g/t Au, 5.1 g/t Ag & 0.01% Pb. Scout drilling was completed at each of Appaloosa and Gypsy during the 2021 field season, the assay results from which are pending. Wirana Tenement (E80/5180): Reconnaissance ground checking and rock chip sampling was completed over several prospects in the Wirana tenement. This tenement has only undergone precursory work by previous explorers. Reconnaissance field work has identified encouraging Cu- (malachite) and Pb- (galena)-rich pyritic to gossanous veins and fault structures at a number of prospects which has been confirmed by gold and multi-element assay analysis. New Gold Prospects: Rock chip samples from Taylor River, Taylor River East and Glidden in the north of the Wirana Tenement (E80/5182) identify the presence of multiple gold-rich systems with an Au-Ag-Cu metal signature. Samples from the Taylor River prospects were taken from banded quartz veins which were varyingly gossanous with some samples containing malachite. Best results were returned from Taylor River, where a strong Au-Cu association is present with results up to 3g/t Au and 11.1% Cu. Samples at Taylor River were mostly taken from an ESE striking, south-west-dipping vein and shear zone that contained a 2 metre wide banded quartz-malachite vein that outcropped continuously over 70m. Significant rock chip results at Taylor River and Taylor River East include: Sample P2104567 - 2.4 g/t Au, 11.1% Cu, 5 g/t Ag; Sample P2104568 - 3.0 g/t Au, 10.4% Cu, 5 g/t Ag; Sample P2104566 - 1.2 g/t Au, 1.8% Cu, 4 g/t Ag; Sample P2104569 - 0.3 g/t Au, 1.3% Cu, 3 g/t Ag; Sample P2104560 - 2.0% Cu, 3 g/t Ag. Rock chip results from the Glidden Prospect also identified the presence of Au systems on E80/5182. Glidden is comprised of ENE striking gossanous structures that occur within prominent outcropping granodiorite ridges striking over 850m in length. Mineralization is generally represented by a low level Au-Ag-Cu metal signature. Best results include; Sample P2104578 - 0.36 g/t Au, 1 g/t Ag, 0.20% Cu; Sample P2104572 - 0.04 g/t Au, 1 g/t Ag, 0.36% Cu. Base Metal Systems: Anomalous Pb results were returned from veins at the Gossan 15 Prospect in the south of the Wirana Tenement. Gossan 15 consists of multiple vein and shear systems located along the contacts between sediments and dolerite or aplite intrusions. One system at Gossan 15 is a multistage quartz-carbonate-galena vein that extends over 500m. Galena is developed as veinlets to sub-massive polycrystalline aggregates possibly associated with a late carbonate vein phase to the quartz vein. A total of 21 rock chips were sampled across the Gossan 15 prospect and assay results confirm a Pb-Zn ±Ag metal signature. Best rock chip results include: Sample P2104532 - 89 g/t Ag, 55.8% Pb, 1.1% Zn; Sample P2104517 - 13 g/t Ag, 14.5% Pb, 3.0% Zn; Sample P2104518 - 21 g/t Ag, 10.4% Pb, 1.4% Zn; Sample P2104531 - 3 g/t Ag, 2.5% Pb, 1.2% Zn. Lamboo Ultramafic Belt Potential: The Lamboo Ultramafic Belt is a layered mafic to ultramafic intrusive complex that has demonstrated prospectivity for PGE, base metals, and gold mineralization. Previous explorers on the Eastman tenement focused on discontinuous chromite seams within the ultramafic belt. However, significant success has been experienced in the region by an explorer targeting the more continuous basal pyroxenite unit of the Lamboo Ultramafic Belt. Compiled historical data highlights significant PGE, Cu, Ni and Au anomalism across the ultramafic belt on the Eastman tenement. Historical PGE results from the Lamboo Ultramafic Belt in the company's E80/4990 include: 18m at 1.39 g/t Pt+Pd+Au in ERC075; 9m at 0.64 g/t Pt+Pd+Au in ERC068; 5m at 0.96 g/t Pt+Pd+Au in ERC076.