Alice Queen Limited provided an update regarding exploration at its 100% owned Viani Project, located on the Pacific Rim of Fire in Vanua Levu, Fiji. The Company has recently reviewed all historical work and data sets completed by previous operators including Pacific Island Gold, JICA/MMAJ and Geopacific Resources. This was considered an important first step in the evaluation of Viani, recognising areas of interest, and laying the grounds for optimising future field programs. By adopting this approach, Alice Queen intends to streamline field programs & accelerate towards drill target testing more effectively.

A summary of the historical work and exploration results in view of the project's prospectivity is as follows: Historical geological mapping has revealed the area is dominated by basaltic lavas, breccias and volcanic tuffs of the Upper Pliocene-Lower Miocene Dakuniba Volcanics. Importantly these rocks are consistent with the same age host rocks as the ~7.5 Moz Au Vatukoula Gold Mine, which has now been operating for over 75 years. Furthermore, epithermal style narrow, steeply dipping quartz veins have been identified in altered steep NW trending shear zones.

Surface sampling, although considered very preliminary, has revealed encouraging results, and provides further cause for Alice Queen to undertake additional field programs. A summary of these results are as follows: Free particle gold initially observed downstream leading into the prospect Crossroad gold prospect discovered by Geopacific Regional Stream Sediment Sampling covers an area of 1.02 km2 Soil sampling results across a 5x1km area has revealed a 5km trending gold and associated pathfinder anomaly Mo-Bi-Te soil with a coincidental deep Z-Axis Tipper Electromagnetic anomaly identified in the eastern area of the prospect. A porphyry style mineralisation target has been considered for this area Some follow up work programs included trenching and limited drilling activities returned the following results: 54 trenches were excavated with the best gold and silver sample assay results as follows 5.0m @ 4.27 g/t Au and 104.3 g/t Ag; 3.7m @ 4.9 g/t and 15.2 g/t Ag; 8m @ 1.89 g/t Au and 6.25 g/t Ag. Some very preliminary drilling to follow up gold & associated pathfinder anomalies was completed at the Dakuniba Prospect between 1997 & 1998.

This included 6 x diamond drill holes for a total of 2,003m. Initial visual results including intersection vein style mineralisation with particle gold was an early encouraging result. This was further validated by gold assay results which defined a mineralisation trend across a greater than 700m strike.

Best gold assay drill hole intercepts results were as follows: 2.2 m 11.3 g/t from 121.45m incl. 0.6m at 27.6 g/t from 122.75 m A first pass 2-day field reconnaissance program was completed by Alice Queen to initially to understand land access & check sites of interest around historical drilling at the Dakuniba Prospect. Approximately 20 chip samples were also collected, and assay now returned.Multiple outcrop and float with hydrothermally altered rock and mineralised veining observed Colloform and crustiform textures in veining supports the presence of epithermal style mineralisation.

A number of positive gold assays returned from veining and alteration zones up to 4.61g/t Au.