Kin Mining NL : Further Strong Shallow High Grade Results at Fiona

ASX Code: KIN

Board of Directors

Trevor Dixon

Chairman

Don Harper

Managing Director

David Sproule

Technical Director

Joe Graziano

Non-Executive Director & Company Secretary

HIGHLIGHTS

• New results extend the length of the gold mineralisation at the Fiona Prospect to over 200m of strike

  Contact Details

  Post

  PO Box 565

  Mount Hawthorn Western Australia 6915

  Office

  342 Scarborough Beach Road Osborne Park

  Western Australia 6017

  Phone

  08 9242 2227

  Fax

  08 9242 1277

  Email

  info@kinmining.com.au

  Website

  www.kinmining.com.au

• Majority of gold intersections to date shallower than 50m true depth highlighting potential for open-pit development
• High-grade intercepts include:

  o 30m @ 2.4 g/t Au from 20m (HE17RC086), including 3m @ 5.8 g/t Au and 4m @ 6.2 g/t Au

  o 17m @ 3.2 g/t Au from 31m (HE17RC082), including 4m @ 5.1 g/t Au o 9m @ 3.5 g/t Au from 31m (HE17RC087), including 1m @ 23.3 g/t Au o 1m @ 37.6 g/t Au from 20m (HE17RC091)

• Fiona Prospect currently being modelled for Mineral Resource estimation
• The 3.3 km long Helens-Rangoon Mineralised Corridor has exceeded expectations during the Resource drill-out

Shares on Issue:

161,696,184

Kin Mining NL (ASX: KIN) is pleased to announce that follow-up drilling at the Fiona Prospect, at the Company's Leonora Gold Project (LGP), has intersected further high- grade gold mineralisation. The new drilling follows the recent discovery of the Fiona Prospect, where a shallow body of primary gold mineralisation was intersected (see ASX announcement Kin Makes New Shallow High-Grade Gold Discovery with hits of up

rd

Unlisted Options:

28,865,750

to 283 g/t Au, 23

March 2017).

ASX: KIN

The new gold hits have extended the known mineralised envelope along strike, both to

the north and south, and also at depth. The mineralisation now extends over a strike length of greater than 200m, and to a depth of approximately 70m below surface, with the majority of the significant intersections less than 50m below surface.

Figure 1

The new drilling has confirmed the high-grade nature of the southerly plunging shoot (see Figure 1). A single plunging shoot is now recognised at the Fiona Prospect with indications of a potential further deeper shoot. Drilling both to the north and south of the outstanding 8m @ 51.4 g/t Au intersection in hole HE17RC028 (previously announced) returned intersections of 30m @ 2.4 g/t Au (HE17RC086) and 17m @ 3.2 g/t Au (HE17RC082). This demonstrates that the high-grade mineralisation is coherent and is open down plunge from the intersection in HE17RC082.

A number of significant mineralised intersections were encountered in the new drill holes, including:

o 30m @ 2.4 g/t Au from 20m (HE17RC086), including 3m @ 5.8 g/t Au and 4m @ 6.2 g/t Au

• 17m @ 3.2 g/t Au from 31m (HE17RC082), including 4m @ 5.1 g/t Au
• 9m @ 3.5 g/t Au from 31m (HE17RC087), including 1m @ 23.3 g/t Au
• 1m @ 37.6 g/t Au from 20m, and 2m @ 3.0 g/t Au from 11m (HE17RC091)
• 7m @ 2.4 g/t Au from surface (HE17RC095), including 2m @ 5.2 g/t Au
• 4m @ 2.0 g/t Au from 10m (HE17RC085)
• 8m @ 1.7 g/t Au from 9m (HE17RC090), including 1m @ 4.5 g/t Au

The Fiona Prospect is located immediately to the north of the Helens North Mineral Resource area (see Figure 3). The new drilling has extended the Fiona mineralisation to the south, where there is now only an 80m gap in drilling between the southern-most holes at Fiona, and the northern-most holes at Helens. Resource modelling is underway at the Fiona Prospect and will ultimately be incorporated into the Helens Mineral Resource. The high-grade and continuous nature of the gold lode at shallow depth suggests that the majority of the mineralisation defined to date at Fiona will be amenable to open pit mining.

The Fiona Prospect lies within a much larger 3.3km mineralised corridor, which also contains the Helens and Rangoon Mineral Resources. Recent Resource drilling has extended these Resource areas and grade continuity has been outstanding. This recent work has outlined this mineralised corridor as a high priority for Resource expansion and exploration development.

Aside from these known deposits, the Helens-Rangoon Mineralised Corridor has been subject to limited historic drilling, and some areas along strike of known deposits are poorly tested (see Figure 3). Multiple historic gold workings are known to exist along this corridor, which indicate the presence of additional gold mineralisation.

Kin intends to identify those areas most prospective for additional gold mineralisation, based on the enhanced structural and geological understanding gained by the company during the recent resource drilling. The Company plans to target these areas once exploration recommences at the LGP, following the completion of the DFS.

Kin Managing Director Don Harper said: "We are delighted with the latest drilling results at the Fiona Prospect. So far, we have effectively tested the mineralised shoot at Fiona to a maximum depth of just 50m below surface, and there is excellent potential for this to continue at depth. We are now incorporating Fiona into the Helens Resource, which is currently being updated.

As part of the Definitive Feasibility Study, extensive drilling has been undertaken within the Helens- Rangoon Mineralised Corridor. The results of this drilling have consistently exceeded our expectations, and Fiona is a fine example of this. We are seeing the development of a shallow, high- grade mineralised system extending over a 3.3km strike length which remains open to the north, south and at depth.

The Company expects to release further drilling results from the Cardinia Mining Centre shortly.