Predictive Discovery Limited provided an update on assay results from 81 holes for 20,985m of resource definition drilling at the Bankan Gold Project in Guinea. Extensive resource definition drilling is ongoing at the Bankan Project in Guinea. Drilling results in this announcement are from diamond (‘DD') and reverse circulation (‘RC') drilling at the NEB deposit, and include a total of 81 holes for 20,985m.

Due to recent productivity improvements by PDI's drilling contractor, the current drilling program is ahead of schedule and due to be completed earlier than planned. The Bankan Gold Project has a current Mineral Resource estimate of 79.5Mt @ 1.63g/t for 4.2Moz (Inferred) at the NEB (3.9Moz) and BC (331Koz) deposits. 1 The vast majority of NEB's current Mineral Resource is within the USD 1,800/oz optimised resource pit shell, with an initial underground Mineral Resource of 44Koz at a grade of 4.85g/t1 situated just below.

DD and RC holes in this announcement are mostly from within NEB's optimised resource pit shell and continue to successfully infill the mineralisation. DD holes are primarily from the middle and lower parts of the pit shell, where grades are typically higher. A number of outstanding intercepts were recorded, including: · BNEDD0139A: 38.2m @ 5.28g/t from 534.8m, incl 4m @ 13.54g/t from 545m 9.5m @ 9.01g/t from 562m · BNEDD0166: 49m @ 3.36g/t from 194m, incl 20m @ 6.19g/t from 221m · BNEDD0154: 37m @ 4.41g/t from 275m, incl 15m @ 8.93g/t from 281m · BNEDD0150: 6m @ 2.31g/t from, 143m 24m @ 2.02g/t from 154m 39m @ 3.63g/t from 188m, incl 11m @ 6.84g/t from 215m · BNEDD0170: 56m @ 2.70g/t from 138m, incl 10m @ 11.15g/t from 175m 11m @ 1.73g/t from 206m · BNEDD0173: 66m @ 1.75g/t from 140m, incl 7m @ 5.45g/t from 165m 21m @ 3.63g/t from 216m, incl 6m @ 10.44g/t from 216m · BNEDD0172: 46m @ 1.28g/t from 129m 9.2m @ 7.24g/t from 198m · BNEDD0151: 20m @ 5.55g/t from 404m, incl 6.1m @ 15.76g/t from 409m · BNEDD0164: 36.7m @ 2.79g/t from 206.3m, incl 8m @ 7.10g/t from 232m · BNEDD0168: 71.5m @ 1.70g/t from 227.5m, incl 4m @ 5.75g/t from 233m · BNEDD0156: 42.2m @ 2.35g/t from 121.8m · BNEDD0180: 36m @ 2.56g/t from 404m, incl 8m @ 6.61g/t from 409m · BNEDD0177: 57.25m @ 1.58g/t from 519m · BNEDD0152: 23m @ 2.18g/t from 174m 24.3m @ 2.30g/t from 200.6m, incl 7m @ 4.94g/t from 205m Assays were received from an additional DD hole below the pit shell (BNEDD0155) which recorded another high-grade intercept of 13m @ 5.91g/t from 697m, including 5m @ 13.50g/t from 699m.

Following completion of the 10m x 10m grade control program, RC drilling has been focused on general infill drilling in the upper to middle parts of the pit shell, where mineralisation is generally of lower grade. Best results from the RC holes include: · BNERC0327: 62m @ 1.31g/t from 4m, incl 15m @ 2.04g/t from 24m 13m @ 1.36g/t from 86m 12m @ 1.18g/t from 106m 10m @ 1.27g/t from 128m · BNERC0346: 26m @ 1.90g/t from 35m, incl 6m @ 4.80g/t from 48m · BNERC0322: 20m @ 0.82g/t from 4m 10m @ 1.55g/t from 45m 11m @ 2.57g/t from 137m, incl 3m @ 7.58g/t from 142m · BNERC0328: 18m @ 1.55g/t from 9m 16m @ 1.21g/t from, 30m · BNERC0335: 24m @ 1.29g/t from 50m, incl 10m @ 2.37g/t from 51m · BNERC0339: 12m @ 2.15g/t from 20m · BNERC0341: 25m @ 1.00g/t from 17m · BNERC0329: 15m @ 1.54g/t from 38m · BNERC0330: 19m @ 1.06g/t from 5m Seven cross-sections have been presented from south to north along the NEB deposit as follows: 1174860N, 1174900N, 1174980N, 1175060N, 1175100N, 1175140N and 1175380N. 1174860N The southern-most section presented shows BNEDD0155, which hosts 13m @ 5.91g/t from 697m, including 5m @ 13.5g/t from 699m on the main shear zone (‘STMZ').

This intercept is 165m down-dip from the USD 1,800oz optimised resource pit shell and 195 metres down-dip from the next intercept in BNERD0101 of 13m @ 4.67g/t from 601m. The STMZ remains open down-dip of BNEDD0155. Hole BNEDD0125B hosts 105 gram-metres (‘gm') and consolidates the +100gm halo 80m further south under BNEDD0132 (152gm).Further up-dip the mafic-tonalite contact (‘MTC') flattens and the mineralisation weakens towards surface, but still presents a broad zone of economic oxide mineralisation.

Geologically, section 1174860N hosts an up-dip flattening of the MTC with a reduction in grade as the STMZ crosses into the more competent basalt. The better grade potential is developing down the SW plunge direction along the intersection of the STMZ and the MTC. This section hosts two of the best intercepts in this announcement, namely BNEDD0139A and BNEDD0150.

BNEDD0139A is the deeper intercept, which reports 38.2m @ 5.28g/t from 534.8m, which includes 4m @ 13.54g/t from 545m and 9.5m @ 9.01g/t from 562m, and a hole total of 242gm.