Albion Resources Limited announced assay results from the maiden drilling program at its 100% owned Leinster Project as well as provide an update on its other projects. Leinster Project: The Leinster Project is located 30km southeast of Leinster, Western Australia and straddles the Weebo- Mt.Clifford greenstone belt, a north-northwest trending folded and thrust stacked sequence of basalts, ultramafics, felsic volcanics and pelitic sediments, intruded by several granitoid plutons. The drilling program involved 10 reverse circulation (RC) holes for a total of 1,500m targeting nickel sulphide mineralization along strike to Auroch's the Horn and related Ni-Cu prospects.

The program focused on testing magnetic features where anomalous nickel was generated in shallow drilling by previous explorers. The assay results received support the Company's geological interpretation that the magnetic bodies represented an ultramafic unit with several broad intersections of nickel. The ultramafic unit encountered in drilling was strongly sheared and silified, dominated by chlorite-talc (mylonitic) units when sheared and serpentinised to amphibolitic (occasionally talcose variants) units when foliated.

The Company will now move its attention at the Leinster Project to the western ultramafic unit along strike to BHP's Nickel West Weebo Ni deposit and commence a comprehensive review of data over this area. Lennard Shelf Project: Albion is currently preparing for its next phase of work at the Lennard Shelf Project in the Kimberley region of Western Australia. The Company intends to conduct mapping and sampling along a section of the prospective Uncle Billy Fault following promising assay results from the maiden drilling program in 2021 at Pillara East.

Assay results were announced on 31 January 2022 and included: 23.50m @ 2.04% Zn + Pb from 34.5m inc 5.6m @ 3.37% Zn + Pb - EPDD2106. 10.10m @ 2.55% Zn + Pb from 29m inc 3.1m @ 5.11% Zn + Pb - EPDD2102. 5.60m @ 2.94% Zn + Pb from 36.4m inc 3.1m @ 3.65% Zn + Pb- EPDD2104.

4.00m @ 5.69% Zn + Pb from 36m to EOH - EPDD2115. 2.00m @ 5.94% Zn + Pb from 31m - EPDD2115. 1.72m @ 13.51% Zn + Pb from 55.28m - EPDD2102.

1.38m @ 6.91% Zn + Pb from 65.12m -EPDD2102. An additional exploration focus on the Lennard Shelf Project in 2022 will involve Prices Hill, E04/2504. Prices Hill is situated at the NW end of the Emanuel Range and is an area of outcropping Devonian Pillara Formation with strong geochemical responses in stream sediment sampling.

The ranges are dissected by a set of N- to NNE-trending faults within the Prices Hill Relay Zone, which transfers movement between the WNW- to NW- trending Cadjebut-Pinnacle Fault zone and the Virgin Hills Fault zone to the north. Previous exploration in the Prices Hill area by BHP and Western Metals Limited centred on Cadjebut style mineralization, geophysical targets, and breccia/gossan targets. The N- to NNE-trending faults in the Prices Hill transfer zone are extensions of faults that offset the Pinnacles Splay Fault in the vicinity of the Goongewa Mine.

These faults have been poorly tested by drilling in the Prices Hill area. Initial exploration at Prices Hill will involve mapping and geochemical sampling along prospective faults where Pillara Formation limestone is predicted in the hanging wall of the faults. The Pillara limestone is the preferred host for the major Zn-Pb deposits in the Cadjebut to Pillara trend.

Where Ordovician Emanuel shales are found in the footwall, they form an ideal seal to mineralizing fluids. Project Generation: The Company has applied for the Mongers Lake Project, comprising tenement applications E59/2576 and E59/2641. The project covers the northern extents of the Retaliation Greenstone Belt located between the Mt Gibson and Rothsay Gold Projects, in the highly prospective Yalgoo region of Western Australia.

Whilst the Company is not aware of any reason why the exploration licences will not be granted in due course, investors are cautioned that there is a risk the exploration licences will not be granted. The Company has commenced compilation of the historical exploration data and planning for a site visit, to occur upon grant.