Tyranna Resources : Highest Grade Gold Results at Camp Fire

ASX CODE: TYX

DIRECTORS

Joseph S. Pinto

Non-Executive Chairman

Bruno Seneque

Managing Director

Ian Finch

Technical Director

Neil McKay

Company Secretary and Non-Executive Director

SHARE REGISTRY

Advanced Share Registry Limited

110 Stirling Highway

Nedlands WA 6009

T: +61 8 9389 8033

F: +61 8 9389 7871

REGISTERED OFFICE

Level 2 679 Murray Street West Perth WA 6005

P: +61 8 9485 1040

F: +61 8 9485 1050

27 July 2016

• Four New Intersections Over 15g/t Au on Separate, Wide Spaced Lines.
• Campfire Bore Mineralised Strike Length now Extended to 1.25 km. from 500 metres.
• Gold Mineralisation is Open Along Strike and Down Dip.
• Geochemistry Suggests a Continuation of the Structure.
• New Interpretation of Surface Geochemistry Proving Very Successful.

The Directors of Tyranna Resources Limited (ASX: TYX), as manager of the Western Gawler Craton Joint Venture which includes WPG Resources Ltd (ASX: WPG) and Coombedown Resources Pty. Ltd. are pleased to announce assay results from the final 13 reverse circulation (RC) holes drilled at the Camp Fire Bore Prospect, which is approximately 37 km from the Challenger Gold Mine and part of the large Jumbuck Gold Project in the Northern Gawler Block of South Australia.

Holes 16CBRC021 to 16CBRC033 were drilled to test the northern extension of gold mineralisation at Campfire Bore in an area previously only tested by broad spaced scout RAB drilling by previous explorers. This was also the first prospect to be drilled using re-interpreted geochemical data and the results are highly encouraging.

Drill lines were spaced up to 200m apart for the three northern most lines, yet mineralisation proved continuous. The first set of results from this area of drilling was reported on 18/7/16 which included an intersection of 5m @ 8.1g/t Au including 1m @ 36.8g/t Au in 16CBRC015. These latest results have added further significant intercepts (refer Figure 1) which include 3m @ 8.2g/t 16CBRC033, 1m @ 37.8g/t 16CBRC022, and 1m @ 30.5g/t 16CBRC029. These gold intersections have extended the mineralised strike extent by 750m to define a minimum total strike length of 1.25km at Campfire Bore.

Furthermore, the northern most intersection of 1m @ 30.5g/t Au demonstrates that the structure is still open to the north. As drilling has not yet exceeded 50 vertical metres, the depth potential remains open. This provides an extensive set of new, deeper targets for drilling in the second half of 2016.

Some of the better assay results are presented in Table 1, whilst all gold intercepts >0.50g/t are presented in Table 2.

Figure 1: Campfire Bore Drill Hole Location Plan

Table 1: Significant Intersections > 2.0g/t Au

The continuous, high grade nature of mineralisation at Campfire Bore using the new model of geochemical interpretation is a significant development in the exploration of the Jumbuck Gold province as this is the first example of such a consistent structure having been defined using broadly spaced drill lines. This gives further credence to the possibility of the Mainwood and Greenewood prospects being connected - as shown in Figure 2.

Figure 2: Relative Positions of Mainwood and Greenewood Prospects

This also adds confidence to possibility that the Mainwood-Greenewood and Campfire Bore gold camps are connected along a regional structure at least 6km in length (see Figure 3).

Figure 3: Campfire Bore Prospect Relative to the Mainwood-Greenewood Prospects

Drilling will re-commence within the current quarter with an extensive programme being planned to test the multiple targets generated by the latest round of drilling at Mainwood-Greenewood and Campfire Bore. This will include the testing of these structures at depth and along strike as well as numerous other targets derived from the re-interpretation of geochemical data.

Managing Director Mr Bruno Seneque commented:

"These encouraging results prove our understanding of this gold province is progressing. I am extremely optimistic about the next round of drilling."

Bruno Seneque, Managing Director P: +61 8 9485 1040

Competent person statement:

The information in this announcement that relates to Exploration Results is based on information compiled by Nicholas Revell, who is a Member of The Australian Institute of GeoScience and who has more than five years' experience in the field of activity being reported on. Mr. Revell is the Business Development Manager of the company.

Mr. Revell has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Revell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears