Nusantara Resources provide an update on close spaced diamond drilling for Mapacing, which is a geological domain that comprises the western portion of the Awak Mas Gold Deposit. All assay results have now been received for the completed drilling which comprised 78 holes for 2,885 meters; Close Spaced drilling continues Nusantara's de-risking strategy by improving the drilling density and geological understanding in areas that are targeted for first mining production, with the intention of delineating a high confidence maiden Measured Resource. Measured Resources would then be available for potential conversion to Proven Reserves. Together with the results of the close spaced drilling conducted at Tanjung this completes the program of close spaced drilling that was planned for the Awak Mas Main Pit. A Mineral Resource Estimate (MRE) update for Awak Mas is now underway. A separate MRE update will follow for the close spaced drilling which is progressing strongly at the satellite deposit Salu Bulo, and was 44% complete (47 holes for 2,305m) as at 31 January 2021. Close spaced drilling is expected for completion in first quarter of 2021, and a Salu Bulo MRE update is planned to follow in second quarter of 2021. Results from the Mapacing drilling include numerous broad intersections (up to 33m) and individual high grades (up to 52g/t gold), with many intercepts commencing at or close to surface ­ confirming the availability of high grade ore early in the mining schedule. The interval grading 52g/t gold (for 1 metre, recorded from hole MGD077, which is part of a broader interval of 19m at 3.76g/t, from surface), is the highest grade returned from the close spaced drilling campaign to date. The dominant form of mineralisation in the Awak Mas Gold Deposit is flat laying to shallow dipping thick zones contained by favourable stratigraphic units, with narrow cross cutting sub-vertical feeder zones. The Mapacing geology differs ­ no feeder structures have been identified to date, yet the flat to shallow dipping ore zones are typically higher grade than similar positions across the rest of the deposit. The stratigraphic layer that is mineralised in Mapacing is thinner than where it is observed elsewhere and exhibits the strongest foliation and brecciation ­ it appears to have been geologically well prepared as a potential host of gold mineralisation. With very little overburden, Mapacing mineralisation is at or close to surface, and presents as thick, continuous and high grade (compared with the deposit average grade) zones and consequently a very low strip ratio. Logging and assays of drilling at Mapacing confirm the expected overall geometries of mineralisation. Within the zones of mineralisation, assays have largely confirmed expected gold grades, with a number of pleasing exceptions of ore-grade intersections, in areas where sub-grade mineralisation was expected based on the existing block model (eg holes MGD018, MGD024, MGD031, MGD032, MGD035, MGD070). These results may have the effect of reducing internal waste or sub-grade material within mineable ore zones. Selected results from Mapacing include: MGD024 - 31m @ 1.9g/t Au from 0m, including 3m @ 5.4g/t Au from 2m and 4m @ 3.7g/t Au from 10m; MGD031 - 26m @ 1.76g/t Au from 2m, including 4m @ 5g/t Au from 10m, 2m @ 3.7g/t Au from 20m and 6m@ 1.3g/t Au from 35m; MGD034 - 31m @ 1.89g/t Au from 11m, including 7m @ 3.9g/t Au from 15m and 7m @ 2.9g/t Au from 33m; MGD041 - 18m @ 2.91g/t Au from 0m, including 3m @ 5.04g/t Au from 3m and 3m @ 7g/t Au from 14m; MGD045 - 20m @ 2.42g/t Au from 4m, including 2m @ 4.24g/t Au from 9m and 2m @ 4.65g/t Au from 14m; MGD059 - 33m @ 1.85g/t Au from 2m, including 2m @ 4.53g/t Au from 5m and 5m @ 4.74g/t Au from 15m; MGD061 - 18m @ 3.22g/t Au from 17m, including 3m @ 11.69g/t Au from 31m MGD077 - 19m @ 3.76g/t Au from 0m, including 1m @ 52g/t Au from 1m.