Manhattan Corporation Limited reported results from recently completed RC Drilling at the Tibooburra Gold Project located in north-western NSW. The Tibooburra Gold Project comprises a land package (approximately 2,200 km2) that covers approximately 220km of significantly under explored gold mineralised strike of deep-seated gold bearing structures associated with the Koonenberry and New Bendigo Regional Fault Structures within MHC's 100% controlled tenure. Fourteen (14) Reverse Circulation Drill (RC) Holes (NB0093-0106) and one diamond precollar (NB0107) were completed for 1,795 metres at the high grade New Bendigo "Main Zone" which lies within a 25km gold mineralised strike in the northern part of the Tibooburra Gold Project.

Drilling targeted additional mineralisation and the north plunging shoots along the "Main Zone" corridor, a NNW trending gold mineralised shear system that extends for over 650 metres of strike that is located within an under explored elongated >5km long soil anomaly where historic workings extend over at least 1.5 km of strike. Drilling has continued to successfully intersect significant shallow gold mineralisation within the corridor, often from or near surface. Further high-grade mineralised zones are thought to form two separate north plunging shoots located to the north and south of a cross-cutting fault.

Drilling will continue to test the extents of the "Main Zone" mineralised system which has the potential to host a significant shallow, high-grade gold resource. MHC recommenced drilling on the 12 March 2022, having completed approximately 1,600 metres to date. Drilling is planned to continue throughout March 2022 and then span multiple campaigns until mid-2022.

Drilling will continue to focus on extensions to the mineralised system and the interpreted north plunging shoots at depth, drilling has been extended to include further RC drilling and diamond drilling at depth (>100m). Diamond drilling is scheduled to commence after the current RC programme all within the currently defined mineralised corridor. Further to the planned drilling at "Main Zone", MHC will also target High Grade prospect areas along the northern 25km mineralised strike including: Western Lode - where RC drilling completed in 2020 returned 7m at 18.16 g/t Au from 87m (NB0023).

New Bendigo South - which lies approximately 600m on strike south of the "Main Zone" where scout drilling last year returned 12m at 1.14 g/t from surface (NBAC0103), intersecting a potentially new zone of gold mineralisation that is yet to be followed up. Clone Prospect - which lies 8km north of the "Main Zone" and hosts extensive deep historical gold workings, over approximately 450m strike and up to >25m deep, similar structural and lithological analogue to "Main Zone" and has never been drill tested. Pioneer and Phoenix - located approximately 18km north of the "Main Zone" hosts historical gold workings over 5km of strike, Home to a historic gold stamping battery (Pioneer), where limited historic drilling returned 3m at 4.89 (AWNPN02A) and 2m at 14.72 (TP003A) g/t.