MULTIPLE DRILLING PROGRAMMES IN PROGRESS AT ANTIPA MAJOR GROWTH PROJECTS TESTING HIGH-PRIORITY TARGETS

Antipa Minerals Limited (ASX: AZY) (Antipa or the Company) is pleased to provide an update on the Paterson Farm?in Project, the Wilki Farm?in Project and the Citadel JV Project exploration programmes (refer Figures 1 and 2) where IGO Limited (IGO), Newcrest Operations Limited (Newcrest) and Rio Tinto Exploration Pty Limited (Rio Tinto) respectively are fully funding ongoing exploration activities. The Citadel Project is currently a 35% Antipa and 65% Rio Tinto joint venture, with Antipa exercising the JV dilute?down provision for the 2022 exploration programme

Commenting on the 2022 exploration programmes for these partnered projects, Antipa Managing Director, Roger Mason, said: 'Antipa is in a highly enviable position with significant ongoing exploration across our belt scale 5,100km2 Paterson Province exploration and project development portfolio. Exploration activities across 4,950km2 of our portfolio are fully funded by our major resource partners Rio Tinto, Newcrest and IGO, providing shareholders with the benefit of large?scale advanced exploration optionality. Over the last seven years the Paterson Province's 32 million ounce gold and three million tonne copper Telfer plus Nifty pre?mining endowment has grown by a staggering 16 million ounces of gold and three million tonnes of copper. The discoveries made from under cover included Winu, Havieron, Calibre and Minyari, with Antipa generating over four million ounces of this gold endowment growth. We believe thisisjust the beginning of the Paterson's discovery renaissance with significant tier?one gold?copper discovery potential remaining and Antipa positioned to benefit from up to $115 million dollars in combined partner exploration funding. In particular, the Paterson Farm?in Project's exciting new soil, air core and co?incident gravity? magnetic targets are located within the highly prospective El Paso Structural Corridor, which extendsfrom Havieron in the southeast, past Winu in the northwest. Our tenure has just enough shallow cover to conceal but allows us to detect (via geophysics and soil sampling), potential tier?one gold?copper deposits. The project?scale, systematic exploration approach by our Paterson Farm?in Project partner IGO is designed to target any potential giants lurking under this shallow cover. Exploration results through the last year, provide great encouragement, defining a number of early stage but high?priority exploration targets that have the potential to deliver a major greenfield discovery. The combined exploration programmes on our three partnered projects are considered pivotal in our quest for another major greenfield discovery, with much of this year's project drilling occurring during the last quarter, making for an exciting end to 2022.'

Paterson Farm-in Project (IGO) Exploration Programme Summary

The Paterson Farm?in activities form part of an ongoing regional exploration programme with an emphasis on greenfield discovery of copper dominant deposits such as Nifty and Winu, with potential also to discover gold dominant deposits such as Telfer and Havieron. The major components of the 2021 and 2022 exploration programmes are regional / project scale air core drill programmes, soil geochemical sampling programmes and airborne gravity gradiometer (AGG) survey (Figures 3 and 4). The available 2021 and 2022 results provide significant encouragement with a number of high?priority exploration targets, some have been refined with infill soil sampling this year (results pending), with follow?up drilling planned.

Wilki Farm-in Project (Newcrest) Exploration Programme Summary

The Wilki Farm?in activities form part of an ongoing exploration programme with an emphasis on greenfield discovery of gold dominant deposits such as Havieron and Telfer, with some potential also to discover copper dominant deposits.

The Wilki Farm?in Project Exploration Programme currently comprises the following ongoing and planned activities: Data integration, target identification and ranking - H2 CY2022.* An air core drill programme to identify new gold?copper targets - H1 CY2023.* Soil geochemical sampling programme - H1 CY2023.* Airborne Electromagnetic (AEM) data analysis by Danish?based consultants Aarhus* Geophysics ApS, specialists in AEM modelling and interpretation - Preliminary analysis completed.

Contact:

Roger Mason

Managing Director

Antipa Minerals Ltd

T: [phone]

Mark Rodda

Executive Director

Antipa Minerals Ltd

T: [phone]

Media

Michael Vaughan

Fivemark Partners

T: [phone]

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, Newcrest? Greatland Gold's Havieron gold?copper deposit 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 ~5,100km2 , including the ~1,200km2 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). Antipa retains 144km2 of the 100%?owned Minyari Dome Project which contains a significant Mineral Resource, with the Minyari and WACA deposits containing 1.8 million ounces of gold and 64,300 tonnes of copper, and a Scoping Study Mining Inventory of 21.4 million tonnes at 1.6 g/t gold for 1.1 million ounces of gold, plus other deposits and high quality exploration targets. 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. Unlike certain parts of the Paterson where the post mineralisation (younger) cover can be kilometres thick, making for difficult exploration, the Company's combined 5,100km2 tenement portfolio features relatively shallow cover; approximately 80% being under less than 80 metres of cover. Extensive drilling programmes, geophysical and surface geochemical surveys are planned for 2022 across Antipa's combined Paterson tenement portfolio as the company pursues a multi?layered strategy of targeting tier?one greenfields discoveries, growing its existing resources through brownfields exploration and advancing potential development opportunities.

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