TechGen Metals Limited reported highly prospective results from its recent soil sampling program at the John Bull Gold Project located within the New England Orogen in northern New South Wales. A further soil and rock chip sampling program is currently underway stepping out to the north from previous sampling activities, where the gold mineralisation remains open. The soil and rock chip sampling is being completed to test for strike extensions to the broad gold intercepts returned from the projects maiden RC drilling program completed in August 2022.

The Company is preparing to undertake a Phase 2 drilling program that incorporates RC and a maiden diamond hole at the John Bull Gold Project during the Second Quarter with permits currently awaiting approvals. The soil sampling program (610 samples) is designed to step-out to the north from the recently completed RC drilling program during which 7 holes were drilled along an east-west traverse line (Figure 1). All 7 drill holes returned assays of greater than 1 g/t Au including some broad mineralised intersections such as 68m @ 1.0 g/t Au, including 23m @ 2.02 g/t from surface (hole JBRC001) and 66m @ 1.14 g/t Au from 32m.

Soil assays have returned a peak soil sample result of 8.56 g/t gold. Thirty-eight (38) soil samples have returned values of + 1 g/t gold. Two broad zones of + 0.1 g/t Au (100 ppb Au) soil anomalism have been identified.

Zone 1, which includes the RC drilling area, extends over an area of 550 metres x 275 metres & Zone 2, to the southwest of Zone 1, extends over an area of 250 metres x 150 metres. Both the soil anomaly zones remain open. Several of the higher gold soil values come from an area interpreted to have been sluiced historically whilst the southwest soil anomaly (Zone 2) is a new area of anomalism away from any previously known indications of mineralisation.

The soil and rock chip sampling program which has just commenced (approximately 150 samples) is stepping out some 500 metres to the north of the previous soil sampling program and is expected to be completed this week. Rock chips of numerous outcrops of interest or historic working will be taken and assayed for gold and base metals. The John Bull Gold Project has many indications of a potentially large scale, mineralised, gold system.

These indications include a historic trench with a 160 metre @ 1.2 g/t Au interval, recent RC drilling results which include 68 metres @ 1.0 g/t Au and 66 metres at 1.14 g/t Au, the presence of several small-scale shafts mined historically for gold, mineralised quartz veins at surface in several areas and now 2 extensive high-grade gold soil anomalies.