Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to announce further assay resultsfor the 2021 drill programme on its 100% owned, 144km2 Minyari Dome Project in Western Australia's Paterson Province.

The Project is located within 35km of Newcrest Mining's (Newcrest) Telfer gold copper silver mine and mineral processing facility and 54km along strike from Greatland Gold Newcrest's Havieron gold copper development project

Antipa's Managing Director, Roger Mason, said: 'These deeper extensional results continue to highlight the development opportunity demonstrating the potential forsignificant resource upside and extend the thick high grade breccia style mineralisation at depth at Minyari.

Major step out drill holes 21MYD0509 and 21MYD0510 intersected thick zones of high grade gold copper mineralisation extending Minyari's northern mineralisation a whopping 210 metres down dip. Interestingly the recently discovered Sundown prospect, which is located 300 metres to the west of this area, demonstrates a similar near surface gold copper mineralisation expression to the shallow northern region of Minyari, highlighting the potential for significant increases in the mineralisation grade and thickness with depth at Sundown.

Several of the Minyari step out drill holes also intersected zones of very high grade gold breccia mineralisation on the contact with and hosted within the northern diorite intrusion which crosscuts the meta sediment. Hits of 6 to 13 metres grading 6 to 8 g/t gold, including extremely high grade intervals of 0.5 metres at 150.5 g/t and 1.4 metres at 23 g/t gold, highlight further resource upside at depth associated with the diorite.

Over at WACA the discovery of a broad zone of gold copper silver mineralisation located 150 metres west of the resource provides further resource upside, with drill hole 21MYD0511 returning multiple narrow intersections grading +1 g/t gold, up to 1% copper and up to 12 g/t silver across a 100 metre downhole zone. This new WACA West discovery has an encouraging structural address being situated in an interpreted dismembered fold hinge displaying increased magnetic anomalism, a signature commonly associated with significant mineralisation. The Company looks forward to delivering an increase to the resource, followed by an initial assessment of a potential development opportunity, and also testing multiple additional prospects and new targets which could increase the resource further and enhance the development potential.'

About Antipa Minerals

Antipa is a mineral exploration company focused on the Paterson Province in north west Western Australia, home to Newcrest Mining's world class Telfer gold copper mine, Rio Tinto's Winu copper gold deposit, Greatland Gold Newcrest's recent Havieron gold copper discovery and other significant mineral deposits. Having first entered the Paterson in 2011 when it was a less sought after exploration address, the Company has used its early mover advantage to build an enviable tenement holding of 5,200km2 , including the 1,300km2 Citadel Joint Venture Project with Rio Tinto (who currently holds a 65% joint venture interest), the 2,200km2 Wilki Project that is subject to a $60 million Farm in and Joint Venture Agreement with Newcrest (who is yet to earn a joint venture interest) and the 1,500km2 Paterson Project that is subject to a $30 million Farm in and Joint Venture Agreement with IGO (who is yet to earn a joint venture interest). The Citadel Project lies within 5km of the Winu deposit and contains a Mineral Resource of 2.4 million ounces of gold and 162,000 tonnes of copper from two deposits, Calibre and Magnum. Antipa retains 144km2 of 100% owned Minyari Dome Project tenements which contains an established Mineral Resource, with the Minyari and WACA deposits containing 723,000 ounces of gold and 26,000 tonnes of copper plus other deposits and high quality exploration targets. Unlike certain parts of the Paterson where the post mineralisation (younger) cover can be kilometres thick, making for difficult exploration, the Company's combined 5,200km2 tenement portfolio features relatively shallow cover; approximately 80% being under less than 80 metres of cover. Extensive drilling and geophysical surveys are planned for 2021 across Antipa's combined Paterson tenement portfolio as the company pursues a dual strategy of targeting tier one greenfields discoveries and growing its existing resources through brownfields exploration.

Contact:

Tel: +61 8 9481 1103

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