Oakajee Corporation Ltd. announced that assays have been received from the recently completed Aircore (AC) drilling program at the Paynes Find Gold Project in Western Australia. A total of 54 holes were drilled on 5 variably spaced lines for 2,064 metres, within and around the Matriarch gold prospect. Strongly anomalous gold (greater than 100ppb Au) was intersected in 11 of the holes associated with a north-north-east striking, 1,600m long aeromagnetic low, under shallow laterite cover immediately south of the historical Paynes Find Gold Camp. The recently completed AC drilling was designed to target various north to north-north-east magnetic and geochemical trends associated with historic gold occurrences within Oakajee's Matriarch tenements. Drill lines were variably spaced and hole spacing along the individual lines was designed to test for a broad supergene gold halo within the weathered bedrock. The AC drill holes were mostly 50m apart, with some at 25m spacing and orientated at minus 60 degrees to the east. Drilling was completed to blade refusal and hole depth was mostly between 20m and 50m. Samples were collected every 4m (downhole width). The northern most line of drill holes was completed along the north eastern boundary of 59/2075 100m south of the historic Shamrock Gold Pit (outside Oakajee tenements). Gold mineralization of 4m from 16m @ 127ppb Au in PFAC012 and 8m from 28m @ 164ppb Au in PFAC013 was intersected at a felsic-mafic contact on the west end of the drill line. One hole drilled 200m to the south targeting an historic gold pit, PFAC051 intersected 108ppb over 4m in strongly weathered felsic schist. A further 500m south-south-west gold mineralization occurs in PFAC047 which intersected 4m from 36m @ 811ppb Au and PFAC048 which intersected 4m from 48m @ 247ppb Au associated with strongly weathered felsic rocks. The two southern most lines drilled at the northern end of E59/2092 also intersected gold mineralization. In drill hole PFAC042, 2m from 40m @ 212ppb Au and PFAC037, 8m from 28m @211ppb Au plus 2m from 40m @ 255ppb Au (end of the hole), mineralization is associated with logged felsic rocks and interpreted as likely intrusive. The gold mineralization intersected in the AC drill holes is interpreted to have been dispersed from the primary bedrock source as the result of weathering. The presence of various pathfinder minerals such as Ag, As, Cu, Pb, Sb and W suggests the current drilling is proximal to the primary bedrock source therefore addition infill drilling will be required to better define the potential. Immediately to the north of the Company's tenements, gold was mined from north to north-west striking, narrow high-grade quartz veins and stock-work zones hosted within the Payne's Find "gneiss" (hornblende-biotite-quartz-oligclase tonalite gneiss) and along its contact with mafic volcanic rocks. Notably, gold mineralization in the Paynes Find Camp has a reported association with Ag, As, Cu, Pb, Sb and W the same as seen in the current AC drilling results. Within Oakajee's tenements at the Matriarch prospect, gold mineralization is reported to occur in an east-west striking and south dipping quartz stockwork zone hosted in strongly weathered and altered felsic schists. The Matriarch prospect is obscured by shallow cover and the shaft and pits have been filled in and no longer accessible. This zone was not tested by the recent AC drilling. The distribution of gold and pathfinder element results from the wide spaced AC drilling and the association with felsic intrusive rocks manifested as a broad north-north-east striking magnetic low suggest gold mineralization over a minimum strike of 1600m. At the northern end of Oakajee's tenure, the magnetic low is 600m wide tapping to the south in E59/2092 where it is approximately 200m wide. Only 25 of the 54 AC drill holes completed are within this zone. The results are considered encouraging as they show both the felsic rocks and structures that host the high-grade gold veins within the Paynes Find Gold Camp extend south under shallow cover into Oakajee's tenure. Importantly, these mineralized zones have not previously been effectively targeted by drilling and are expected to host shallow high-grade gold zones similar to that previously mined in the Paynes Find Camp immediately to the north. The next exploration stage is to re-sample the anomalous gold zones on 1m downhole intervals to better define the target zones. This will be followed by infill AC drilling targeting high grade gold zones as well as step out drilling along strike.