Lachlan Star Limited provided an update on the Killaloe gold project in the Eastern Goldfields, with the receipt of the 3m composite sampling of the maiden drilling program. Killaloe Gold Project: The Killaloe Project, located in southeast Western Australia approximately 600km east of Perth and 35km northeast of the historic gold mining town of Norseman, comprises two, largely contiguous exploration licences (E63/1018 and E63/1017) and the separate Buldania mining licence (M63/177) covering a total combined area of 94km2. There are no other land users and access is generally good although sometimes limited by thick bush and weather events.

Lachlan Star's maiden drilling program consisted of 8 RC drill holes for a total of 962m, made up of 3 drill holes for 362m within the Buldania workings with drill holes oriented to the south and dipping at 60 degrees to intersect the east-west striking mineralised zones. In tenement E63/1018, drilling targeted the extensions to the Barrel prosect and parallel targets with 5 drill holes for 600m drilling with holes oriented to the east and dipping 60 degrees to cross-cut the geological sequence. All holes have been sampled on an initial 3m composite basis and analysed for gold, PGE and multi-elements.

Anomalous samples have been re-split to 1 metre intervals for further assay to confirm the potential for narrow high- grade gold mineralisation. The drilling program was limited due to drill rig availability and further drilling will be planned when all results have been received and interpreted. Buldania Gold Workings The Gold mineralisation at the Buldania prospect within tenement M63/117 is interpreted to be controlled by a series of parallel shear zones intruded by quartz veining and associated alteration.

Historic gold workings that have exploited the gold mineralised trends and the geological strike approximate an east- west orientation, and historic drilling defined multiple parallel zones that require further testing. Following on from a rock-chip sampling program, the initial drilling program tested a section across the parallel trends to confirm geological and structural interpretation on mineralisation controls. The initial composite sample results and the geology identified in the drill hole logging has confirmed the potential for multiple mineralised trends and for these target zones to host high-grade nuggety gold mineralisation.

The next phase of exploration drilling at this prospect will consist of deeper drilling to define high-grade gold mineralised shoots similar to the high grade quart reefs within the Norseman region.