Antipa Minerals Limited announced further assay results for 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 Greatl and Gold Newcrest's Havieron gold copper development project. At Minyari two highgrade 270 to 300 grammetre gold downhole intersections are particularly impressive, whilst at WACA several shallow, highgrade 50 to 100 grammetre gold downhole intersections were highly encouraging, including an intersection in the southern area of WACA which identified a thick highgrade ore shoot.

Assay results have now been received for 90% of the MinyariWACA 2021 resource infill and resource extensional drilling programme, with results continuing to increase the potential size of the Minyari and WACA resources and enhance the project development opportunity. The assays received cover a further forty reverse circulation (RC) drill holes, five diamondtail and five diamond core (DD) drill holes in total (11,700m of the 42,110m drilled), which demonstrate favourable compatibility with the current Minyari and WACA Mineral Resource domains and have discovered significant additional high grade gold copper mineralisation outside the limits of both the Minyari and WACA resources. At Minyari, highgrade gold with copper, silver and cobalt mineralisation which occurs along 500m of strike across a horizontal width of up to 300m, has now been extended down to 670m below the surface, and mineralisation remains open in several directions in particular down plunge.

During 2021 mineralisation has now been discovered immediately east, west, and both up plunge to the southeast and down plunge to the northwest, including significant highgrade breccia style mineralisation. At WACA, highgrade mineralisation which occurs along 650m of strike across a horizontal width of up to 100m, has now been extended down to 510m below the surface, and mineralisation remains open in several directions. During 2021 mineralisation has been discovered in both the shallow and deeper regions of WACA, with drill results confirming a moderate northwesterly mineralisation plunge similar to Minyari.

The drill results received to date significantly have: substantially extended zones of very high grade gold copper silver cobalt mineralisation outside the current Minyari and WACA deposit Mineral Resource estimate boundaries. This would be expected to have a material positive impact on the existing MinyariWACA 2017 Mineral Resource Estimate, which combined host 723koz gold at 2.0 g/t and 26kt copper at 0.24%, planned to be updated in First Quarter CY 2022; discovered new high grade gold copper mineralisation in several areas with mineralisation remaining open down plunge, along strike and variously open across strike to the east and west; and further confirmed that highgrade mineralisation is commonly associated with sulphide matrixed breccia zones similar to the Havieron goldcopper style of mineralisation, with Minyari drilling at depth confirming continuity of moderate northwest plunging "pipe" like thick highgrade breccia mineralisation which remains open at depth providing further exciting exploration upside. Summary of Minyari-WACA Drill Programme Objectives The 2021 MinyariWACA drill programme, from early May to midDecember, was designed to: Test for extensions of both the Minyari and WACA resources; Explore for new zones of mineralisation proximal to the existing resources such as the new Minyari East discovery; Elevate the existing Mineral Resource JORC classification via 25m infill drill sections, upgrading regions of Inferred Mineral Resource to an Indicated Mineral Resource category; and Provide the basis for project development studies.

Assay results are pending for 4,068m of MinyariWACA drilling, including holes which evaluated the Minyari down plunge breccia style mineralisation along a further 200m of strike and down to 770m below the surface. Assay results for the remainder of the 2021 drill programme, including the greenfield drill holes, are expected to be received within the next six weeks. Following receipt of the outstanding Minyari and WACA drill hole assay results the Mineral Resource estimate (MRE) updates can be completed.

Interpretation and assessment of the available Minyari and WACA drill hole data has commenced in preparation for the MRE. Due to the correlation between high grade mineralisation and (conductive) sulphide rich breccias a downhole electromagnetic (DHEM) survey was completed during December for a selection of diamond core drill holes at both Minyari and WACA. The processing and interpretation of the DHEM data is ongoing.

A significant Minyari Dome Project soil geochemical sampling programme covering approximately 92km (826 samples) was completed late last year. The soil assay results are expected to be received during the first quarter of this year and will be analysed in conjunction with the 2021 greenfield drill hole data and other data sets to rank existing and new greenfield exploration targets for further direct drill testing in the CY 2022.