Alice Queen Limited report that core drilling for a Copper-Gold Porphyry Deposit has commenced at the Company's Boda East Prospect on the Yarindury Project (EL8646), located in the Lachlan Fold Belt, NSW. Drilling of 22BEDH011 at Boda East is underway, following up previous drilling which intersected significant zones of anomalous to ore grade copper-gold (20BEDH001) This first hole is targeting a zone approximately ~200m beneath what may be leakage veins intersected in previously drilled hole 20BEDH001 A second hole is drill ready targeting a zone approximately ~200m south of 20BEDH001 Located within the Yarindury Project, Boda East lies ~1-2km east of Alkane Resources Boda Cu-Au Discovery and recently announced Cu-Au deposit of ~10 million ounces gold Equivalent. Drilling of the first hole is expected to take approximately four weeks to complete at which time samples will be submitted for assay.

Alice Queen Limited has a number of projects on the highly prospective and world-renowned Lachlan Fold Belt, notably Mendooran, Yarindury, Wongarbon and Boda East. The Company has received significant interest from a number of interested parties in relation to its projects due to their highly prospective and large-scale nature; and is continuing to explore these opportunities.