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Exceptionally high grade copper-gold intersections at Mineral Hill Mine, NSW

- RC drill results as foreshadowed in KBL’s announcement on 3 October include:
    - 26 metres at 7.1% Cu and 4.3g/t Au (in hole KMHRC122)
        - Including 7 metres at 15.8% Cu and 14.3g/t Au
 
    - 37 metres at 1.7% Cu and 0.2g/t Au (in hole KMHRC123)
       - Including 8 metres at 4.6% Cu and 0.2g/t Au
 
    - 26 metres at 1.4% Cu and 0.2g/t Au, 2 metres at 5.2% Cu and 2.3g/t Au and 6 metres at 1.8% Cu and 1.8g/t Au (in hole KMHRC124)
 
- Underground diamond drilling in hole KUPH014 has also intersected very high grade copper and gold:
   - 6 metres at 6.8% Cu and 6.7g/t Au
   - 4 metres at 1.4% Cu and 6.6g/t Au
 
- Additional 1,000m RC drilling program from surface to commence next week
- Development to commence at Red Terror within one month
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