Santana Minerals Limited announced further significant results from the 100% owned Bendigo-Ophir Project ("the Project"). The Project presently contains a global 1.9Moz inferred gold resource in four RSSZ deposits, CIT, RAS, SHR and Shreks-East (SRE) (ASX announcement on 11 July 2022), which extend 4 kilometres NW-SE along strike. All deposits remain open down-plunge at depth and drilling beyond this new global resource platform is continuing to expand the resource potential.

RSSZ Deposits - Extension Drilling Presently five drill rigs (4* DD & 1*RC) are drilling extensions to RSSZ resources where a total of 18,584 metres have been completed in 60 drillholes since January 2022. Latest Drill Assay Results from RAS Assays have been received for 12 RAS drillholes, from two RAS sub- areas, RAS North (northern extension) and RAS Ridge (South-eastern extension), that lie at the limits of the presently defined 1.5-kilometre NNE trending down-plunge shoot. The two RAS sub-areas have the following significant drillhole intercepts (0.5g/t Au lower-cut-off): RAS North, MDD053 - continuous 12.3 metres @ 2.9 g/t Au (unchanged from previously reported intercept in ASX announcement on 20th July 2022).

MDD055 - aggregate 31.4 metres @ 3.5 g/t Au (increased width from previously reported intercept in ASX announcement on 20th July 2022). MDD066 - aggregate 24.4 metres @ 3.1 g/t Au (new assays, fully reported drillhole). RAS Ridge (SE).

MDD056 - aggregate 15.0 metres @ 2.7 g/t Au (increased width from previously reported intercept in ASX announcement on 25th July 2022). MDD061 - aggregate 36.1 metres @ 3.9 g/t Au (increased width from previously reported intercept in ASX announcement on 6th September 2022). MDD064 - aggregate 20.0 metres @ 5.0 g/t Au (unchanged from previously reported intercept in ASX announcement on 6th September 2022).

MDD067 - aggregate 7.0 metres @ 23.1 g/t Au (new assays, fully reported drillhole). MDD070 - continuous 8.0 metres @ 1.0 g/t Au (new assays, fully reported drillhole). MDD072 - aggregate 15.0 metres @ 3.0 g/t Au (new assays, partial result, 69.9m of assays pending).

Assay results include the balance of results for holes where the upper zones of holes have been previously reported and partial results from previously unreported holes MDD's 066, 067, 069, 070 and 072. Drill samples are prioritised urgent and routine in two laboratory despatches. High priority urgent batches (with stronger visible mineralisation) have shorter assay turnaround to facilitate early gold grade trends for on-going drill step out resource extension requirements, with the balance of the results being received some time later Within the new RAS Ridge eastern intercepts, numerous individual 1-metre bonanza grades (>10g/t Au) are present, becoming typical of RAS mineralisation.

These high grades are often flagged by visible gold logged in the drillholes: MDD061, 79.3g/t Au from 179m and 10.9g/t Au from 228m; MDD064, 21.6g/t Au from 186m, 23.1g/t Au from 189m and 15.1g/t Au from 190m. MDD067, 60.1g/t Au from 184m, 12.6g/t Au from 193m and 82.4g/t Au from 203m. MDD072, 26.3g/t Au from 205m These results, post-dating the recent RAS MRE upgrade (ASX announcement on 11 July 2022), add to th higher-grade zone defined by the 80 m.mg/t (MU) isopach that remains open to the east.

There is good gold grade continuity in the HWS mineralisation throughout the RAS shoot. To provide additional geostatistical and variograph detail for resource evaluation, north-south and east west lines of drillholes are in-progress at ~40m interval within the RAS Ridge area. The information from this programme will assist interpretation of structure controls on mineralization and inform optimal drill spacing for raising resource classification from "inferred category.

About Santana Minerals Limited Bendigo-Ophir Project The Bendigo-Ophir Project is located on the South Island of New Zealand within the Central Otago Goldfields. The 292km2 project area comprises Minerals Exploration Permit (MEP) 60311 (252km2) and Minerals Prospecting Permit Application (MPPA) 60882 (40km2) issued to 100% owned subsidiary Matakanui Gold Ltd. The Project is located ~90 kilometres northwest of Oceana Gold Ltd. (OGC) Macraes Gold Mine. The Company embarked on diamond drilling (DD) and reverse circulation (RC) drilling programmes in November 2020 with the immediate objective to fast-track an increase to the existing Resources by drill testing the down plunge extensions of known mineralisation.

The Project contains new Inferred Global Mineral Resource Estimates (MRE) to 1.5, 0.5 and 0.25g/t Au lower cut-offs: 11.9 Mt for 1,320,000 ounces of gold @ 3.5g/t Au (top-cut, and 1.50g/t Au lower cut-off). 33.4 Mt for 1,920,000 ounces of gold @ 1.8g/t Au (top-cut, and 0.50g/t Au lower cut-off). 46.7 Mt for 2,090,000 ounces of gold @ 1.4g/t Au (top-cut, and 0.25g/t Au lower cut-off).

These estimates are based on drill results to May 2022 and reported in July 2022 which the Company interprets has the potential to be further expanded and developed into a low cost per ounce heap leach or gravity-leach operation, with ore from bulk tonnage open pits or underground sources.