Boss Energy Limited announced strong results from infill and resource extension drilling which further strengthen the Company's strategy to increase the forecast production rate and mine life at its Honeymoon Uranium in South Australia. The objective of the drilling was to extend Honeymoon's mine life and increase its production profile by upgrading known JORC Resource outside the Honeymoon Resource Area (HRA) and targeting greenfield exploration areas close to the known resources. This strategy involves: 1. Targeting greenfield exploration targets to further advance current identified zones of potential high-grade mineralisation; and 2. Upgrading the satellite JORC resources of the Jason's and Gould's Dam Deposits.

It is envisaged that these new mineralisation target areas will form the basis of a study to assess and define production ramp up to produce more than 3Mlb/annum U308 equivalent. The drillholes were located on ML 6109 within the defined Mineral Resource within the HRA. The purpose of the program was testing downhole geophysical tools used for lithology determination and to provide additional delineation data ahead of detailed wellfield planning in the East Kalkaroo area.

Drillhole details are presented in Appendix 2b. All wellfield delineation drilling intersected mineralisation including (PFN results, ppm pU3O8): 6.10m at 2,640ppm pU3O8 GT = 16,051 BIF0217 (HRA) from 103.30m, 3.40m at 1,700ppm pU3O8 GT = 5,712 BIF0215 (HRA) from 106.70m, 1.20m at 3,500ppm pU3O8 GT = 4,270 BIF0216 (HRA) from 110.80m. Eaglehawk Dam (EHD): This target is located 4.5km north of the Honeymoon mine and has not been explored since the early 1970's, where a handful of diamond core holes intercepted highly anomalous uranium within the Eyre Formation including 2.7m at 1,572ppm U3O8 (GT = 4,244) from hole K-61 and 2.15m at 598ppm U3O8 (GT = 1,285) from hole K-69.

Lawlor East (LWE): This prospect is located 14km east of the Honeymoon mine and has only been lightly explored since the early-mid 1970's. The scout drilling in this area was designed to test a geological target generated from recent passive seismic surveys coincident with encouraging results from historical drilling, including 1.25m at 1,565ppm eU3O8 (GT = 1,956) from hole 580_116 and 1.75m at 944ppm eU3O8 (GT = 1,652) from hole 580_108. Brooks Dam Extension (BDE) The Phase 2 drilling at the BDE prospect comprised 16 holes and was designed to test for extensions to the northwestern end of the HRA (outside of the current Mining Lease) and also provide further geological information regarding the geological setting of uranium mineralisation. Significant intercepts from previous drilling in this area have included (PFN results, ppm pU3O8): 4.25m at 936ppm pU3O8 GT = 3,978 SEG012 from 81.00m 3.75m at 862ppm pU3O8 GT = 3,232 SEG009 from 78.00m 2.50m at 658ppm pU3O8 GT = 2,303 BIF0038 from 86.25m Available historical downhole geophysical logs highlights uranium mineralisation occurring at various lithostratigraphic levels within the Eyre Formation at BDE.

The best results from the phase 2 drilling program at the BDE prospect include (PFN results, ppm pU3O8): 6.00m at 581ppm pU3O8 GT = 3,486 BMR139 from 84.50m, plus 2.50m at 1,342ppm pU3O8 from 98.75m (GT = 3,355). 3.00m at 678ppm pU3O8 GT = 2,034 BMR153: from 86.25m, plus 3.25m at 525ppm pU3O8 from 91.25m (GT = 1,706). 3.00m at 605ppm pU3O8 GT = 1,815 BMR133 from 108.25m, 3.25m at 517ppm pU3O8 GT = 1,680 BMR154 from 98.50m, 2.00m at 824ppm pU3O8 GT = 1,648 BMR135 from 101.00m Encouragingly, several holes on the peripheries of drill coverage reported lower tenor but highly prospective results from this horizon in the upper Eyre Formation, including BMR155 (1.25m at 558ppm pU3O8 from 85m) and BMR148 (2.75m at 415ppm pU3O8 from 78.25m).

These results also suggest that this prospective horizon is still open to the northeast of the current limits of drilling at BDE - an area where there has been no previous historic or modern drilling to date - opening up the possibility for additional economic mineralisation within close proximity to the HRA. Eaglehawk Dam (EHD) The Eaglehawk Dam prospect is located 4.5km north of the HRA and has not been subject to any exploration drilling since the early 1970's, when a handful of diamond core holes were completed returning the following results (assay results, ppm U3O8): 2.7m at 1,572ppm U3O8 GT = 4,244 K-61: from 85.80m, 0.5m at 2,065ppm U3O8 GT = 1,032 K-69: from 73.50m. plus 2.15m at 598ppm U3O8 from 80.10m (GT = 1,285) plus 1.45m at 1,083ppm U3O8 from 88.25m (GT = 1,570) The purpose of the phase 2 drilling program at Eaglehawk Dam was to both confirm historical drilling results and step out from it to identify potential extensions to the uranium mineralisation.

An attempt was made to "twin" as closely as possibly the two best historical holes with modern holes (K- 61 with BMR142 and K-69 with BMR145 respectively). A total of 7 holes were completed during the current program, with the best intercepts including (PFN results, ppm pU3O8): 3.00m at 431ppm pU3O8 GT = 1,293 BMR144: from 74.25m, 2.25m at 526ppm pU3O8 GT = 1,184 BMR145: from 81.25m. plus 2.75m at 430ppm pU3O8 from 74.25m (GT = 1,183 m.ppmThe area has been only lightly tested by historic and recent drilling, with the recently completed passive seismic survey in the area suggesting a potentially complex depositional environment for the Eyre Formation in the area.

The drilling program was designed to confirm results from limited historical drilling and to test for extensions, with the historical results from drill holes completed in the early 1970's including: 1.25m at 1,565ppm eU3O8 GT = 1,956 580_116 from 127.22. 1.75m at 944ppm eU3O8 GT = 1,652 580_108: from 125.17. Geological logs from these historical holes suggested mineralisation occurring within gravely sands at the base of the Eyre Formation.

A total of four holes were completed at this prospect, with the best intercept returning 0.75m at 933ppm pU3O8 from 126.25m (GT = 700 m.ppm) associated with the contact between the Eyre Formation basal sands and the Palaeoproterozoic basement.