New Age Exploration Limited reported high-grade gold in rock chip assay results for exploration work conducted in Second Quarter 2022 at the Lammerlaw and OPQ Projects, Central Otago, New Zealand. High-grade gold assay results reflect positive pXRF arsenic results announced July and August 2022. The NAE Lammerlaw and OPQ Projects are located 100km to the south-west of Santana Minerals Limited's recent discoveries at their Bendigo-Ophir Gold Project and 70km south-east of the world-class Macraes Gold Mine, owned and operated by OceanaGold.

Recent rock chip sampling focused on quartz vein-style lode gold mineralisation associated with historic workings and geochemical trends located by NAE soil sampling. Surface rock chip and float sampling from mine workings and recently identified geochemical trends has produced significant results at most Lammerlaw and OPQ Prospects. Highlights include: 27.0 g/t Au from mineralised quartz float within the Bucks soil auger sampling trend; 17.0 g/t Au from a quartz vein exposed in the historic ABC mine workings; 14.1 g/t Au from a quartz vein exposed in the Fulton's Prospect adit entrance,and; 12.1 g/t Au from mineralised quartz float located in 20m from the Cox's Mine line of workings.

Numerous +0.5 g/t Au samples were collected from other historic workings and geochemical trends (17 samples out of 104 submitted in the last round of assays). The tenor of results achieved is satisfactory given the lack of outcrop in the project area. Most historic workings were ploughed back into fields during the 1970's, greatly reducing opportunities to resample quartz lodes.