OreCorp Limited (OreCorp or the Company) is pleased to advise that 14 of the 17 holes from the Hobbes Gold Prospect (Hobbes) maiden drill program have returned significant intercepts with the latest assay results from 15 Reverse Circulation (RC) drill holes returning the following: HOBRC0009: 9m @ 2.85g/t gold from 176m; Incl. 3m @ 5.13g/t gold from 182m (end-of-hole)

HOBRC0003: 4m @ 1.87g/t gold from 40m 5m @ 1.26g/t gold from 95m (hole lost)

HOBRC0004: 13m @ 1.18g/t gold from 52m 10m @ 1.18g/t gold from 99m

HOBRC0008: 4m @ 1.39g/t gold from 175m

HOBRC0014: 30m @ 1.08g/t gold from 47m; Incl. 14m @ 1.25g/t gold from 47m, and 8m @ 1.27g/t gold from 68m 4m @ 2.37g/t gold from 81m 8m @ 1.05g/t gold from 89m

HOBRC0015: 4m @ 1.44g/t gold from 121m 9m @ 1.70g/t gold from 131m

The Hobbes Prospect is located on licence E31/1117 (OreCorp 80%), approximately 150km northeast of Kalgoorlie, within the Company's Yarri Project area in the Eastern Goldfields of Western Australia. The 17 RC hole drill program designed to confirm and test the strike length, depth potential and lateral continuity of both the supergene and primary gold mineralisation has provided some encouraging results with 82% of the holes from the program returning significant intercepts using a 0.5g/t lower cut.

These latest assays build upon the high grade supergene and primary gold mineralisation announced for the initial two RC holes, HOBRC0001-0002 (refer ASX Announcement dated 5 February 2021 'Hobbes First RC Drilling Results') which included: HOBRC0001: 12m @ 1.49g/t gold from 58m; Incl. 4m @ 3.39g/t gold from 64m

HOBRC0002: 22m @ 3.22g/t gold from 45m

Four RC drill holes were also completed at the Quondong Prospect, 5km to the northwest of Hobbes, to test 500m strike ofsyenitic intrusives. Broad zones of lowergrade primary gold mineralisation were intersected. Better intercepts included 10m @ 0.74 g/t gold from 21m in hole QDRC002, and 3m @ 0.69 g/t gold from 89m in hole QDRC0001.

Matthew Yates OreCorp's CEO & MD commented 'OreCorp have been very busy over the last year accumulating a significant holding in the Eastern Goldfields of WA and these results from our maiden drill program are an excellent start to the Company's campaign. OreCorp is committed to enhancing shareholder value through the acquisition, exploration and ultimately the development of quality mineral assets and we believe we have one at Hobbes'.

Contact:

Matthew Yates

Tel: +61 (0) 417 953 315

ABOUT ORECORP LIMITED

OreCorp Limited is a Western Australian based mineral company with gold and base metal projects in Tanzania, Western Australia and Mauritania. OreCorp is listed on the Australian Securities Exchange (ASX) under the code 'ORR'. The Company is well funded with no debt. OreCorp's key projects are the Nyanzaga Gold Project in northwest Tanzania and the Yundamindra, Yarri (including Hobbes), Kalgoorlie (including Ringlock Dam) and Ponton Projects in the Eastern Goldfields of WA. OreCorp is seeking a joint venture partner for the Akjoujt South Nickel-Copper-Cobalt Project in Mauritania and has an active project acquisition program.

(C) 2021 Electronic News Publishing, source ENP Newswire