Venture Minerals : 23/06/17 Six VMS Targets Now Identified at Thor Prospect, WA

ASX Announcement Friday 23rd June 2017 Ref: /VMS/606/VMS0415

Venture Minerals Limited (ASX code: VMS), is pleased to announce that additional surface sampling to the north and south of the main target at the Thor prospect, has identified another two VMS (Volcanogenic Massive Sulphides) style targets. The two new targets are coincident geochemical and EM (Electro- Magnetic) anomalies, which are located only a few kilometres from historic drilling containing several metres of massive sulphide mineralization (Refer Figure Two).

With the discovery of the two new targets and the recent identification of three additional targets to the east, Venture has now identified six priority VMS targets extending over a combined strike of 10km (Refer Figure One). Assay results from surface sampling over the two new targets contain significantly anomalous copper and lead values and exhibit a very similar geochemical response to the main Thor anomaly.

Having completed several phases of surface sampling and the re-processing of geophysical data, Venture is now finalising a maiden drill program to test priority drill targets within the Thor Prospect.

The Thor Prospect is located 240km south of Perth, hosted within the Balingup Complex. The 2.8-2.1 Ga Balingup Complex comprises medium to high grade metamorphic rocks formed mainly from sedimentary protoliths and lesser granitoid rocks. Gneiss and amphibolite sequences derived from interlayered mafic and felsic volcanic units, banded iron formation, mafic and ultramafic intrusive rocks and carbonate protoliths area also present within the Balingup Complex and interpreted to represent meta-greenstone belts. The Greenbushes Tin-Tantalum-Lithium Pegmatite (Mine) is located within one such meta- greenstone belt in the northern part of the Balingup Complex, and the Kingsley meta-VMS Prospect a few kilometres west of the Thor Prospect is hosted by a sequence of high grade (garnet and staurolite) meta- volcanic rocks. Much of the Balingup Complex is covered by laterite and a thin veneer of Cenozoic sediments and is considered significantly under explored for lithium pegmatite and base metal deposits. A joint venture between Teck Cominco, BHP Billiton and Hampton Hill Mining NL (Teck JV), first identified the southern part of the Balingup Complex as being prospective for base and precious metals. The Teck JV completed surface sampling and airborne EM surveys which culminated in the discovery of the Kingsley base and precious metals meta-VMS prospect. There has been no significant exploration for VMS systems in the area since that of the Teck JV. Venture's Thor prospect consists of a series of coincident EM and base metal anomalies that are consistent with deeply weathered laterite covered VMS systems.

Venture Minerals Limited

PO BOX 8234 Subiaco East WA 6008 288 Churchill Avenue Subiaco WA 6008

Telephone: +61 8 9381 4222

Fax: +61 8 9381 4211

ACN 119 678 385

ABN 51 119 678 385

Figure One | Prospect Location Plan

New VMS

Targets

Figure Two | Thor Prospect - New VMS Style Targets

Historic drilling containing VMS style massive sulphides

Thor prospect

- Priority Drill Target

Yours sincerely

The information in this report that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Andrew Radonjic, a full time employee of the company and who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.