Tennant Minerals Limited announced the commencement of the Stage 2 diamond drilling program at the Bluebird copper-gold discovery. The Bluebird discovery is located within the Company's 100% owned Barkly Project, at the eastern edge of the Tennant Creek Mineral Field which produced over 5Moz of gold and over 500kt of copper from 1934 to 2005. A total of up to 10 Stage 2 holes for 3,000m will be drilled with the aim of extending the Bluebird discovery to a depth of more than 400m depth and test for extensions/repeats of the high-grade copper- gold zone along strike to the west.

This will define the potential for a high-grade copper-gold mineral resource of similar scale to the Peko deposit, 20km to the west of Bluebird, which produced 3.7Mt @ 4% Cu and 3.5 g/t Au from 1934 and 1981. The Stage 2 program builds on the recently completed Stage 1 diamond drilling program at Bluebird, which achieved two important milestones: Definition and extension of the upper high-grade thickened zone at Bluebird, developed within an anticlinal hinge "roll-over" position. This zone includes exceptional copper-gold intersections such as: 63.0m @ 2.1% Cu and 4.6 g/t Au from 153.0m in BBDD00124, including 40.0m @ 3.0% Cu and 7.3 g/t Au from 155.0m, including 27.55m @ 3.6% Cu and 10.0 g/t Au from 160.45m This zone plunges shallowly and remains open to the west of the recent intersection of: o 40m @ 2.6% Cu and 1.34 g/t Au from 131m in BDD00131, including 24.5m @ 3.9% Cu and 0.45 g/t Au from 146.5m, including 4.75m @ 15.2% Cu and 0.36 g/t Au from 164m Extension of Bluebird to more than 250m below surface, based on recent drilling results that show potential for a second high-grade thickened zone below recent intersections that include: o 17.8m @ 3.7 % Cu and 0.34 g/t Au from 277m in BBDD00151, Including 9.5m @ 6.0 % Cu and 0.48 g/t Au from 278m, including 2.3m @ 12.3 % Cu and 0.36 g/t Au from 285.2m, and further results received from the final drillholes of the Stage 1 program that include: o 13m @ 0.75% Cu and 0.05 g/t Au from 298m in BBDD0016, Including 2m @ 2.48% Cu and 0.13 g/t Au from 299m.

Up to seven diamond holes in the Stage 2 program will be drilled to test the steeply plunging zone at Bluebird to more than 400m below surface, and also to test for the second thickened zone immediately below BBDD0013. An additional three holes will be drilled to follow up on the results of the IP geophysics program, recently completed over the Bluebird mineralisation, and stepping out 100m to the west. The results of the IP program have shown a distinct low resistivity and coincident chargeability response corresponding with the Bluebird mineralisation on the central section 448,360mE, that confirms Bluebird can be detected with IP.

This section includes the BBDD0012 intersection of 63m @ 2.1% Cu, 4.6 g/t Au4. Step out sections, to the west of the drilling on 448,300mE and 448,240mE, to date, have also produced low resistivity/high chargeability IP responses indicative of a western extension to the high-grade copper- gold sulphide mineralisation. The three drillholes are planned to test the strong IP anomaly on 448,240mE, which represents a 100m step-out to the west of previous high-grade intersections such as BBDD0013.