Canterbury Resources Limited announced metallurgical test work results from coarse crush residue of drill core used in the mineral resource estimate at the Briggs copper deposit within the Briggs, Mannersley and Fig Tree Hill project area in Queensland ("Project"). Composite samples, representing the three frequently encountered mineralisation types, were created from coarse crush residue from drill core from BD019-003 used for the mineral resource estimate. MET-1 = 20.4kg Mineralised granodiorite calculated headgrade of 0.2% Cu.

MET-2 = 18.2kg Mineralised quartz rich zone within the granodiorite with calculated headgrade of 0.9% Cu. MET-3 = 18.2kg Mineralised volcanic sediments adjacent to the granodiorite with calculated headgrade of 0.4% Cu. Benchtop flotation tests to evaluate copper recoveries were undertaken by ALS Metallurgy in Perth using the following parameters: Each sample was control-crushed to -3.35mm and homogenised in a rotary sample splitter.

Representative 2kg charges were split out and ground to 75µm prior to rougher flotation. Perth tap water was conditioned and maintained at pH 9.50 for the duration of the tests SIBX was added as a 1% (w/v) solution. No re-grind prior to cleaner flotation.

No optimisation to suppress pyrite flotation. The results to date are very promising:- Excellent recoveries between 92% and 95% into cleaner concentrates Excellent first pass concentrate grades between 17.4% and 19.7% copper Little difference in results across the three types of mineralisation other than slightly higher concentrate grades in the higher-grade quartz-rich sample No regrinding between rougher and cleaner stages, use of copper selective collector or pyrite suppression indicate upside potential in metallurgical recovery through optimisation studies Trace metal analysis of the concentrates indicated very low levels of arsenic (<0.01%), cadmium (<5ppm) and uranium (<0.002%). The results above combine to indicate good potential to produce commercially attractive copper concentrates from the project.

Further metallurgical studies and optimisation studies will be undertaken after the next phase of drilling which is planned to commence later this quarter.