Hexagon Energy Materials Limited announced details of the Company's 2022 field season exploration program at its McIntosh Ni-Cu-PGE Project, located within a highly prospective Ni-Cu-PGE region in the Kimberley Region of northern Western Australia. Hexagon's tenements lie 25 kilometres directly north of Future Metals NL's Panton PGE Project, one of Australia's largest and highest-grade PGE Projects. McIntosh also lies around 15 kilometres along strike from Panoramic Resources Limited's (PAN) world-class Savannah Ni-Cu-Co Mine and surrounds PAN's Copernicus deposit.

A reconnaissance Reverse Circulation (RC) drill program of the Company's three Priority 1 Ni-Cu-PGE targets, following up on strong soil geochemical anomalies recorded for samples collected during the 2021 field season, will take place during the 2022 field season. Soil sampling results of 3.63 g/t 3PGE (Pd+Pt+Au) and up to 1.24 g/t Au were recorded. In addition, a number of conductive bodies that are considered prospective for Panton/Savannah style Ni-Cu-Co-PGE metallic mineral deposits, will be drilled.

Warehoused historical Hexagon drill core from within the Wahoo graphite deposit, encountered at the end of hole THGDD178 logged at the time of drilling as massive sulphide has been retrieved and resampled and analysed for Ni-Cu-PGE. The results included a number of geochemically anomalous signatures analogous with Volcanic-hosted Massive Sulphide (VHMS) mineralisation which has previously being discounted within the Tickalara Metamorphics. MCINTOSH PROJECT 2022 DRILLING PROGRAM DETAILS.

A. Exploration Targets within the greater Melon Patch Prospect area Following up on strong soil geochemical anomalies recorded for samples collected during the 2021 field season, three Priority 1 Ni-Cu-PGE targets will take place during the 2022 field season. Namely; 1. Panton Peridotite Targets Anomalies to be followed up include 3.63g/t 3PGE, 0.35% Cu, 0.18% Ni and 3.01 g/t 3PGE, 0.27% Ni. The untested southwestern portion of this high-grade surface soil geochemistry anomaly will be drilled.

The north-western part of the anomaly has significant historical drill intercepts of 1m @ 1.00g/t 3PGE in hole SMP002 and 20m @ 0.75g/t 3 PGE in hole SMP006. This 1.1km long, 350m wide PGE soil anomaly recorded results up to 3 g/t 3PGE, 0.24% Ni and 1.23g/t 3PGE, 0.22% Ni. 3. Wild Dog Creek (WDC) Gabbro 1 Target This 1.25km long, 320m wide PGE soil anomaly recorded results up to 0.12% Cu, 0.10% Ni, 150ppb Au and 0.10% Cu, 0.14% Ni.

The drilling program will consist of approximately 50 RC holes to depths of between 100 and 150 metres from surface comprising a total meterage of around 6,500 metres. The locations of the drill holes planned are shown in Figure 5. Downhole geophysics will be completed for each hole. All necessary regulatory requirements, including heritage approvals, have been applied for and are being progressed.

In addition, the drill rig and field staff have been secured. Exploration drilling co-funding has been secured by Hexagon as part of Round 24 of the Western Australian Government Exploration Incentive Scheme (EIS) to support this drill program. B. Drill testing of geophysical anomalies In addition to the drilling of the greater Melon Patch targets confirmed through the 2021 soil sampling program, a number of conductive bodies that are considered prospective for Panton/Savannah style Ni-Cu-Co-PGE metallic mineral deposits will be drilled.

Namely; An IP anomaly (Anomaly A) interpreted as a potential (Panton Sill type) intrusion target, which is yet to be properly tested at Melon Patch. Two untested Airborne Electromagnetic (AEM) anomalies (Anomaly 22 and Anomaly 9 at Hyena and Melon Patch North respectively) identified in the Company's recent review of historic geophysical data.