Zeus Resources Ltd. announced that the Company has completed a reconnaissance soil sampling program at its Blue Hill Project (E59/2804) and applied for two new tenements (E59/2853 and E59/2854) approximately 60 km north of Paynes Find. While collecting the soil samples in E59/2804 several new pegmatite outcrops were located. The new tenements cover approximately 18 km and 36 km respectively of the Wydgee Fold Belt greenstones and granitic rocks that are considered by Zeus to be highly prospective for lithium and REE bearing pegmatites, gold, and base metals.

Zeus' Blue Hill EL application E59/2804 is located 4 km to the east of the Rothsay gold mine owned by Silver Lake Silver Lake Resources Ltd. and 6 km south of the Golden Dragon open cut gold mines now owned by Warriedar Resources Ltd. During September 2023, the Company geologist carried out a field trip to the Blue Hill Project to collect reconnaissance soil and rock chip samples on E59/2804 and to determine the lithium, REE, gold, and base metal potential of several areas not covered by tenements in the vicinity of Paynes Find. A total of 42 soil samples and 3 rock chip samples were collected during this field trip and have been submitted to ALS laboratory in Perth for chemical analysis. The results of the samples are expected within approximately 8 weeks.

E59/2804 and E59/2806 lie at the south end of the Warriedar Fold Belt along the contact between the greenstones (metamorphosed igneous rocks and sediments) and granitic intrusives. E59/2853 and E59/2854 are located on Nalbarra Station in Big Bell Suite monzogranites and Tuckanarra Suite meta-granites to the west of the Wydgee Fold Belt. The regional Geological Survey of WA (GSWA) mapping of the area covered by the tenements shows that they are mostly covered by eluvial and alluvial sands and silts with some scattered small outcrops of bedrock with almost all the tenements overlying Yilgarn Craton granites.

The field trip was planned to determine the prospectivity of several areas not covered by tenements prior to possible applications and take reconnaissance soil samples over targets on E59/2804. Several subcrops of coarse-grained granite and pegmatite were located in the areas now covered by Zeus' new EL applications, E59/2853 and E59/2854 covering approximately 18 km2 and 36 km2 respectively. These subcrops along with their proximity to the Wydgee Beryl Prospect indicated that the two areas are very prospective for pegmatite hosted lithium and rare earth element (REE) minerals.

Other areas visited during the field trip were not considered for tenement applications as they were deemed to be less prospective. Two rock chip samples were collected from E59/2853 for chemical analysis. A total of 42 reconnaissance and 1 rock chip soil samples were collected over targets on E59/2804.

The samples collected in the north of the tenement followed the road at 100m intervals over the granite/mafic intrusion contact. Subcropping coarse grained granite was common over the granite section along with some scattered fragments of coarser feldspar/quartz/biotite pegmatite over the whole of the traverses sampled. The samples collected in the south along traverses at 100m intervals were entirely covered by Recent sand deposits with some scattered coarsely crystalline fragments of granite at the southern end of the traverse.

The Blue Hill and Wydgee regions had been actively explored for mainly gold and base metals since the 1960s with more recent exploration during the last ten years at Blue Hill for iron ore. A search of the GSWA WAMEX database shows that in Zeus' newest tenement applications, limited drilling for gold and base metals have been recorded along the east side of on E59/2854 in the greenstones looking for extensions to the nearby Kirkalocka Gold Mine. Soil sampling for gold and base metals has been carried out on the eastern and western edges of E59/2854.

No sampling at all has been recorded on E59/2853.