Alto Metals Limited (ASX: AME) (Alto or the Company) is pleased to advise that the assay results from the infill soils program completed over the Sandstone North area of the Sandstone Gold Project, located in Western Australia, have defined a very coherent 1 km long gold anomaly Alto's Managing Director, Matthew Bowles said: Our Sandstone North gold target is shaping up nicely, with these latest infill soil results highlighting a strong north-south trending gold anomaly that is coherent with arsenic values and correlates perfectly with a major north-south interpreted structure.

Given the structural setting and high-grade gold results reported in historical drilling to the south, this soils program has defined a compelling target that we anticipate testing with an initial low-cost air-core drilling program in the coming weeks.

Infill soils program Alto's initial fine fraction soil sampling program at Sandstone North was carried out late last year, along east-west lines on 400m spacing. The program defined a significant gold-in-soil anomaly with associated pathfinder elements including arsenic over a 6km strike length. The strongest gold response occurred across two adjacent lines in a favourable lithological and structural location similar to known gold mineralisation defined by drilling around historical workings. The infill program was completed over this strongest gold response, covering an area of 1,200m x 600m on 40m x 40m spacing. The gold results delineate a very coherent gold anomaly over 1km strike, including values of up to 100ppb gold. Background gold-in-soil values at Sandstone North are generally below detection (i.e. < 1 ppb Au). The gold anomaly correlates well with anomalous arsenic values potentially indicative of underlying mineralisation. Previous exploration at Sandstone North by Western Mining Corporation (WMC) demonstrated that arsenic is closely correlated with gold-in-lag surface samples, and more importantly, is associated with gold mineralisation within drilling below the historical workings. WMC reported that 'gold mineralisation is generally associated with iron-stained quartz veins, and with anomalously high traces of arsenic and copper' (WAMEX a 16447). Importantly, the location of the gold anomaly also correlates with a major north-south trending interpreted shear zone along a regional fold axis, in a similar position along strike to the high-grade Sandstone North prospect. Numerous highly foliated ferruginous units outcrop along the shear zone separating predominantly sediments to the west from the magnetic ultramafic unit to the east, where gold-in-soil values are generally below the level of detection

Competent Persons Statement

The information in this Report that relates to current and historical Exploration Results is based on information compiled by Mr Michael Kammermann, who is an employee and shareholder of Alto Metals Ltd, and he is also entitled to participate in Alto's Employee Incentive Scheme. Mr Kammermann is a Member of the Australian Institute of Geoscientists and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Kammermann consents to the inclusion in the report of the matters based on the information in the context in which it appears.

Forward-Looking Statements

This release may include forward-looking statements. Forward-looking statements may generally be identified by the use of forward-looking verbs such as expects, anticipates, believes, plans, projects, intends, estimates, envisages, potential, possible, strategy, goals, objectives, or variations thereof or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved, or the negative of any of these terms and similar expressions. which are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Alto Metals Limited. Actual values, results or events may be materially different to those expressed or implied in this release. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements. Any forward-looking statements in this release speak only at the date of issue. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Alto Metals Limited does not undertake any obligation to update or revise any information or any of the forward-looking statements in this release or any changes in events, conditions or circumstances on which any such forwardlooking statement is based.

About Alto Metals

Alto Metals Ltd (ASX: AME) is an advanced gold explorer that owns the Sandstone Gold Project (100%) located in the east Murchison of Westerns Australia. The Sandstone Gold Project covers 740km2 of the Sandstone Greenstone Belt and currently has an optimised, open-pit constrained mineral resource estimate of 832,000oz gold at 1.5g/t, capturing over 80% of the unconstrained total MRE of 1.05Moz. Importantly the mineral resources are shallow with over 90% within 150m from surface Alto is currently focused on growing these resources through continued exploration success and new discoveries

Contact:

Tel: +61 8 9 381 2808

Email: admin@altometals.com.au

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