AIC Mines Limited announced assay results from reverse circulation (RC) drilling programs completed at the Copper Hills prospect and the Middle Island target at the Marymia Project. The results have confirmed the presence of copper sulphide mineralisation below an extensive copper oxide zone at the Copper Hills prospect and anomalous gold in oxide and fresh rock at the Middle Island target. Drilling at Copper Hills returned: 16m grading 0.12% Cu from 64m in Hole 21ACHC0004 including 4m grading 0.25% Cu from 76m 4m grading 0.12% Cu from 160m also in Hole 21ACHC0004 4m grading 0.22% Cu from 172m in Hole 21ACHC0005 00Assays are pending for the remainder of the Copper Hills program, however given the wide spaced reconnaissance nature of these holes, further exploration is definitely warranted.

Drilling at Middle Island returned: 4m grading 0.93 g/t Au from 24m in Hole 21AMIC0012 m grading 0.24g/t Au from 44m also in Hole 21AMIC0012 8m grading 0.32 g/t Au from 40m in Hole 21AMIC0005 including 4m grading 0.44g/t Au from 44m AIC Mines holds a very large area of tenements located about 790 kilometres northeast of Perth on the northern margin of the Yilgarn Craton. The Copper Hills Belt (100% AIC Mines) is interpreted as a preserved portion of Paleoproterozoic basin rocks, equivalent to the Bryah, Yerrida or Padbury basins, accreted to the northern margin of the Archean Marymia Inlier. Hole 21ACHC0002 - 4m grading 0.08% Cu from 188m Hole 21ACHC0004 - 16m grading 0.12% Cu from 64m Including 4m grading 0.25% Cu from 76m and 4m grading 0.12% Cu from 160m Hole 21ACHC0005 - 4m grading 0.22% Cu from 172m Disseminated sulphides to quartz-sulphide stockwork veins (dominantly chalcopyrite and pyrrhotite) are hosted in steep north dipping mafic to felsic schists, associated with a narrow interval of hematite-silica (jaspilite) and chlorite-sericite alteration.

These characteristics are considered analogous to other volcanic hosted massive sulphide settings in Paleoproterozoic basins, such as the nearby DeGrussa copper deposit. A total of 16 RC holes for 1,936m was drilled to test a series of discrete targets within a mineralised NE- SW trending package of sediments and intercalated mafic bodies that define the southern margin of the Plutonic-Marymia greenstone belt (Figure 3). Seven holes targeted a western extension of shallow oxide gold intercepts located on the southern boundary of the tenement (Sandfire Resources' Far North Prospect).

The remaining holes targeted an untested mafic-sedimentary contact associated with a fault jog in the NE corner of the tenement. Significant intervals are as follows: Hole 21AMIC0012 - 4m grading 0.93 g/t Au from 24m, and 4m grading 0.24g/t Au from 44m. Hole 21AMIC0014 - 4m grading 0.17g/t Au from 104m.

These results extend the footprint of the Far North Prospect a further 500m onto AIC Mines' tenure. In the NE area hole 21AMIC0005, located closest to the fault jog, returned 8m grading 0.32g/t Au from 40m including 4m grading 0.44g/t Au from 44m with a second interval of 8m grading 0.17g/t Au from 84m. It is expected that once splitting of composite samples has been completed, further drilling at Middle Island will be warranted.