Antipa Minerals Ltd. announced that it has been successful in an application for AUD 220,000 in additional funding from the Western Australian Government's Exploration Incentive Scheme (EIS) (Funding Grant). Funding Grant: This Funding Grant relates to Exploration Incentive Scheme (EIS) Round 28 and will apply from 1 December 2023 to 30 November 2024. The Funding Grant contemplates the completion of diamond core drilling, to be 50% EIS co-funded.

This means the diamond core drilling expenditure at GEO-01, Pacman (PM1, PM2 and PM3) and Tetris (T1) targets is eligible for up to a combined AUD 880,000 refund from the WA Government under the EIS scheme. Diamond core drilling at the PM3 target is currently anticipated to occur during second quarter current year 2024. Consistent with previous years, these various programmes and budgets will be subject to ongoing review based on results, field conditions, contractor availability and pricing, and other relevant matters.

Antipa would like to acknowledge the ongoing support provided by the WA Government through its EIS programme for the Company's Paterson Province exploration programmes. The EIS co-funded drilling programme preferentially funds high quality, technical and economically based projects that promote new exploration concepts and are assessed by a panel on the basis of geoscientific and exploration targeting merit. Pacman Targets: The Pacman targets (PM1, PM2 and PM3) are located approximately 30km to the east of the Minyari deposit.

PM1 is a magnetic high in a fold nose, bearing some resemblance to Havieron. PM2 is a gravity high with a partially coincident magnetic high, bearing a geophysical likeness with the regional Nifty high-grade copper deposit. PM3 is an ovoid discrete 1,200m by 900m gravity high anomaly with semi-coincident 1,200m magnetic high anomaly on larger curvilinear feature.

As with PM1, the PM3 geophysical anomalism bears a similarity in style, geometry and scale to the Havieron deposit. All three Pacman targets are hosted by interpreted Havieron equivalent stratigraphy under approximately 350m of cover. The closest effective drill hole to any of the Pacman targets is located around 10km away.

A detailed aeromagnetic survey has also recently been completed over the Pacman area to enhance geological and structural interpretation for refinement of the targets prior to drilling. Diamond core testing of the PM1 and PM2 large-scale greenfield targets is scheduled to commence in November, with the current programme also supported by a previously announced AUD 220,000 Western Australian Government co-funding drilling grant.