Investigator Resources Limited reported interim assay results from the recently completed 7,150m drill program on its 100% owned Paris Silver Project in South Australia. The Paris Silver Project, with a JORC 2012 resource estimate of 18.8Mt @ 88g/t silver and 0.52% lead for 53.1Mozs silver and 97.6kt lead1, is a shallow high- grade silver deposit amenable to open pit mining, providing outstanding exposure to a metal with strong commodity, renewable energy and manufacturing and investment demand. Investigator's 100% owned Paris Silver Project is located 70 kilometres north of the rural town- ship of Kimba on South Australia's Eyre Penin- sula.

Access to the project site is predomi- nantly via highways and sealed roads and is approximately 7 hours by road from Adelaide. With positive Pre-Feasibility Study outcomes reported in November 20212, the company is undertaking work towards completion of a De- finitive Feasibility Study whilst progressing ex- ploration across adjacent significant ground holdings within South Australia. As announced in October 2022, access to the previously restricted area at the southern end of the Paris deposit was granted after a review by the Gawler Ranges Aboriginal Corporation (GRAC), the Traditional Owners of the land on which Paris is located.

The benefit of access to this area and the ability to drill south of the current resource - showing the drilling within the historic exclusion zone - with significant poten- tial to extend the estimated mineral resource. A Reverse Circulation (RC) drill program of approximately 4,800m in 29 holes commenced in late November aimed at testing this cleared area for potential to extend the known silver and lead mineralisation, with the objective of allowing a revised resource estimate for the Paris Silver Pro- ject. Due to the initial success from Line -2.5, the program was expanded to 7,150m in 37 holes, extending potential for resource estimation over an additional 250m past the 2020 Paris resource definition drilling, along the southern trend of the Paris resource estimate.

The results from the first five holes of this Paris South drilling program were released on 18 Jan 20235. This release covers the results received for the next 8 holes, all located on Line -1.0. The drilling program is now complete, with 37 holes drilled for a total of 7,150m. Samples from the remaining 24 holes are either with, or en route to the laboratory for assay.

program. Geology on this section was similar to prior drilling with broad zones of mineralised, siliceous and polymict breccias intersected towards the base of strongly argillic altered ignimbrite cover sequence and overlying dolomitic basement. Metasedimentary sequences bound the east and western ends of the section.

PPRC856 and PPRC860 returned significant intersections to bottom of hole, with 17m @ 130g/t silver from 175m, including 1m @ 1,030g/t silver from 178m and 29m @ 69g/t silver from 118m, including 5m @ 213g/t silver from 127m. Other significant inter- sections included PPRC855 with 35m @ 74g/t silver from 128m, including 25m @ 94g/t silver from 136m. Broad shallow lead mineralisation observed at the southern end of Paris continues to be inter- sected in the Paris south drilling, with best intersections of 62m @ 1.27% lead from 85m, including 17m @ 2.27% lead from 126m in Hole PPRC860.

Lead intersections are illustrated separately in cross section.