Spectrum Metals Ltd. to release further drill results from reverse circulation and diamond drilling at its Penny West Project south-east of Mount Magnet, in Western Australia. The high-grade intersection in hole SPWDD007 will extend the mineralised envelope in the forthcoming JORC resource update. The 2m at 1.73 g/t from 225m in hole SPWRC099 is in the Gap Zone to the north of Penny North. This is of particular interest as it demonstrates that the structure that hosts the Penny North mineralization continues to the north and is mineralised. Further drilling beneath the intersection in hole SPWRC099 will be undertaken to test whether this intersection could represent the top of another high grade shoot as the mineralisation remains open down dip in all directions. The 8m at 4.01 g/t gold intersection in hole SPWRC104 at Penny North is comprised of two (2) x 4m composites and represents unanticipated mineralisation within the hanging wall of the main lode. Re-sampling of the metre splits from these composites will be required to determine the true nature of this intersection. Hole SPWDD005 has intersected the mineralised structure approximately 100m below the current resource envelope with a lower grade interval of 0.53m @ 0.7g/t gold from 473.5 m and demonstrates continuity in mineralisation at depth. Importantly the structure remains open down plunge and down dip. Spectrum has completed several RC holes at the Magenta prospect, located 1.5km to the north of Penny North and along strike within the Penny West Shear. These holes have extended the mineralized structure down dip from the previous drilling done by Eastmet in the early 1990's and the three holes drilled by Spectrum as part of its Phase I RC drilling program in February/March of 2019. Work program through to 2020: Spectrum will advance several objectives over the coming months including: Continue extensional drilling to grow the resource base; Continue infill drilling to convert inferred resources to indicated status for subsequent conversion to ore reserves; Completion of pilot study geophysical programs to choose suitable techniques to rank Spectrum's Sub Audio Magnetic `(SAM) anomalies; Completion of baseline flora and fauna studies; Completion of material classification test work for acid mine drainage studies; Completion of additional metallurgical test work to feed into recovery models; Completion of initial mining studies to determine the optimal development scenario; and Completion of ore reserves on the indicated portion of the resource along with initial financial model including NPV.