Strickland Metals Limited provided an update on its explorationprograms at Dusk til Dawn. The Company reported the balance of results from its drilling at Dusk til Dawn. DTDR014: 10 metres @ 3.1g/t Au from 314 metres; DTDR011: 11m @ 2.0g/t Au (incl 5m @ 3.2 g/t Au) from 249m; DTDR012: 5m @ 1.0g/t Au from 255m; and DTDR013: 6m @ 1.3g/t Au from 262m.

These results are down dip from the previously reported results which were released as part of the same RC program: DTDR001: 33 metres @ 3.6g/t Au from 61 metres; DTDR007: 12 metres @ 2.5g/t Au within 24 metres @ 1.6g/t Au from 196 metres; DTDR002: 10 metres @ 1.9g/t Au within 32 metres @ 1.2g/t Au from 120 metres; DTDR003: 11 metres @ 2.0g/t Au from 157 metres; DTDR005: 6 metres at 2.4g/t Au within 9 metres @ 1.8g/t Au from 179 metres; DTDR010: 7 metres @ 2.2g/t Au from 212 metres; DTDR004: 10 metres @ 1.6g/t Au from 117 metres; and DTDR006: 7 metres @ 1.6g/t Au from 218 metres. The results confirm the Company's new interpretation of the mineralised plunge at Dusk til Dawn.All holes intersected the modelled alteration zone where predicted. This developing understanding bodes very wellfor further discoveries in the surrounding terrain given the effectiveness of the current set of geophysical andgeochemical techniques used at Dusk til Dawn.Work is ongoing for the remodelling of the Dusk til Dawn Mineral Resource.

The existing resource stands at 3,495,600tonnes at 1.0g/t Au for 108,900 ozs Au. The Company believes that correctly orientating the mineralised plunge willpotentially lead to a material increase in both grade and tonnage. The results of this remodelling should demonstrate the excellent potential to build a substantial mineralised inventoryin the immediate surrounding region should the nearby `look-a-like' targets also be mineralised.

This updated Mineral Resource is expected to be announced in early February 2022. A total of six holes for 1,464 metres were drilled to test six regional geophysical `look-a-like' targets prior to the RCprogram concluding on 19 December 2021. All holes intersected varying degrees of potassic alteration, suggestingstrong potential for repeats of the Dusk til Dawn gold mineralisation.Due to ongoing laboratory delays, these results are not expected until mid-February 2022.Confirmation of new understanding of the Dusk til Dawn gold mineralisation opens up a tremendously excitingpart of the northern Yandal gold belt region.

Strickland re-logged the historic drilling in the area and identified a large alteration corridor to the north and south ofDusk til Dawn. A similar alteration corridor has also been identified on the parallel Big Daddy trend to the east. Furthermore, an external alteration study was conducted on the first 6 historic RC holes (ACDR001 to ACDR006) drilledacross the Dusk til Dawn prospect.

This work concluded that the prospect is a broad, post-peak metamorphic, potassic,hydrothermal alteration zone, with a core inner zone (gold associated) of biotite-calcic plagioclase-K feldspar-quartz-pyrite. The core biotite-rich potassic alteration zone is broad and suggests there was significant fluid flow (i.e. potentialfor a very large mineralisation system). This `core' zone has been repeatedly intersected where predicted during therecent Dusk til Dawn drilling.Within the newly identified alteration corridors, there are up to twenty `look-a-like' gravity features which theCompany now believes could be suggestive of areas of more intense alteration.

If the Dusk til Dawn model repeatsthroughout both corridors, it is potentially an incredibly discovery and demonstrates a project with verylarge scale potential.