Marmota Ltd (ASX:MEU) is excited to announce it has engaged uranium expert Mark Couzens(Indepth Geological Services), to conduct a full technical analysis of the stratigraphy and mineralisation of Marmota's Junction Dam Uranium Project, and to design Marmota's first drill program for the Junction Dam re-start.

This includes planning of drillholes targeting high-grade extensions to substantially grow Marmota's Uranium JORC resource.

Key Points Mark is a specialist uranium geologist with experience exploring for sediment-hosted uranium at Beverly (SA), Four Mile (SA) and Bennett Well deposits (WA), and in Argentina. Mark was part of the exploration team that discovered the Four Mile Uranium Deposit. Mark played a key role in increasing the resource at the Bennett Well deposit from 4.8 to 30.9 Mlbs U3O8. The technical review will include all three of Marmota's existing Uranium deposits at Junction Dam, adjacent to the Boss Honeymoon mine (i.e. Saffron, Bridget and Yolanda) as well as new high-priority untested targets.

Mark Couzens said

' The Junction Dam project is one of the most exciting uranium projects I have worked on in Australia. There are nearly 200 holes drilled by Marmota to date which enables a very detailed stratigraphic review to be carried out on the project. Work will be commencing on the identification of high-grade uranium bearing palaeochannels through the existing deposits, and also identifying high potential targets for high-grade extensions where very little drilling has been completed to date. ' Junction Dam Uranium Summary Marmota's Junction Dam Uranium Project has a current uranium resource of 5.4 million pounds @ 557ppm U3O8 and an exploration target of 22 to 33 million pounds @ 400-700 ppm U3O8. The Junction Dam uranium resource is located within the same Yarramba Palaeochannel as the Boss Energy ('Boss' ASX:BOE) Honeymoon Uranium mine (36 Mlb @ 660 ppm U3O8). Marmota's Junction Dam tenement EL 6530 book-ends both sides of the palaeochannel of the Boss Honeymoon plant. The value of uranium in the Yarramba Palaeochannel is self-evident from the market capitalisation of Boss Energy which currently exceeds $1.5 billion. Significant potential to considerably increase the size of Marmota's Junction Dam uranium resource, particularly since Marmota's two adjoining uranium prospects (Bridget and Yolanda) already have proven uranium from previous drilling but are not yet even included in the current Junction Dam uranium resource.

Contact:

Marmota Limited

Dr Colin Rose Executive Chairman

Tel: (08) 8294 0899

Email: colin@marmota.com.au

About Marmota Limited

Marmota Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company's dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company's copper project is based at the Melton project on the Yorke Peninsula. The Company's uranium JORC resource is at Junction Dam adjacent to the Honeymoon mine.

Competent Persons Statement

Information in this Release relating to Exploration Results is based on information compiled by Aaron Brown, who is a Member of The Australian Institute of Geoscientists. He has sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Brown consents to the inclusion in this report of the matters based on this information in the form and context in which they appear.

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