Venture Minerals Limited announced that disseminated sulfides intersected in the reconnaissance drilling program testing a gold target at Kulin in 2021, have been confirmed by recent petrography as being pyrrhotite-pentlandite- chalcopyrite (Nickel-Copper sulfides) with textures consistent with formation from a sulfide melt and therefore confirming the fertility of the Kulin Project to host Nickel-Copper sulfide mineralisation. The third and final drill hole of the reconnaissance program intersected gabbro and mafic granulite with these disseminated sulfides now confirmed as nickel-copper bearing, which increases the prospectivity of interpreted mafic-ultramafic intrusive complexes at Kulin to host Nickel- Copper mineralisation. In addition, the Company has commenced a 1,339 line kilometre AEM survey using Geotech Ltd.'s Versatile Time-Domain Electromagnetic (VTEMTM Max) geophysical system over the two highly prospective 20 kilometre long interpreted mafic-ultramafic intrusive complexes and a third mafic- ultramafic intrusive complex (~10 kms long) interpreted in the northern end of the project, all sitting along strike of the Jimperding Metamorphic belt which hosts Chalice's Julimar Ni-Cu-PGE discovery.

The southern 20km long Ni-Cu-PGE target is defined by aeromagnetic anomalies, coincident with surface sampling containing +500ppm chromium and, +30ppb platinum (Pt) + palladium (Pd) (peak of 60ppb Pt + Pd). The target area also hosts historic shallow reconnaissance drilling with assays up to 0.11 g/t Pt, 0.13g/t Pd, 0.14% nickel & 0.02% cobalt, making this a priority target for Venture. The priority target is located on two tenements (Refer Figure 2), with the northern portion on the Company's 100% owned E70/5077 and the southern portion on E70/5084, where Venture can earn up to 100% under the terms outlined below, of which recently the Company completed the first stage of the earn-in and now has a 51% interest in the tenement.

The AEM survey with Airborne Inductive Induced Polarization (AIIPTM) processing, will allow Venture to rapidly evaluate a significant part of the Kulin tenement package for massive and disseminated nickel and copper sulfides within the interpreted mafic-ultramafic intrusive complexes, with the aim of identifying EM anomalies coincidental with the Ni-Cu-PGE geochemical anomalies to generate future drill targets.