Gold explorer Ardiden Limited ('Ardiden' or 'the Company') (ASX: ADV) wishes to update the market on Exploration Activities at its Pickle Lake Gold Project in north-western Ontario, Canada.

HIGHLIGHTS

Detail Airborne Geophysical Survey to cover Ardiden's New Patricia Gold Property at Pickle Lake

Undertaking a High-Resolution Aeromagnetic Gradiometer, Radiometric, Matrix Digital VLF-EM Survey over the entire New Patricia Gold Property.

The survey will also provide detail cover of the Esker Gold Prospect where previous drilling returned significant intercepts of gold over a 1km-long anomalous trend of mineralisation including: 5.35m @ 3.1 g/t Au from 80.65m; drillhole ME-88-06, 12.03m @ 3.2 g/t Au from 29.90m; drillhole ME-88-08.

Kasagiminnis ('Kas') Gold Deposit drilling update

Drilling planned at Kas will test two of approximately 20 structural targets identified along the greater Kasagiminnis structural trend.

'Kas' Drilling programme design refined further based on ongoing geophysical and structural interpretations, drill core petrophysical test work and funding capacity.

This dilational zone extends over 4km and includes a historical drill intercept of 4.24m @ 21.0g/t Au approximately 700m south of the main JORC Resource area, that has never been followed up.

Ontario Government updates on COVID-19 and Permit Approvals

As part of Ontario's reopening plan, the MENDM is focusing its efforts on addressing exploration permit applications that have been on hold since prior to the declaration of the state of emergency on 17 March 2020.

The MENDM is actively working again with communities to advance the permitting process and has stated that it remains committed to fulfilling their duty to consult on mineral exploration and development authorisations, in keeping with MENDM's efforts to provide Companies with the certainty required to carry out their activities once authorised.

Despite drilling not being able to commence in July as planned, the Company is still committed to undertaking Summer and Winter drill campaigns at its 100%-owned Kasagiminnis Gold Deposit at Pickle Lake, as soon as the Ontario Mines Ministry works through its exploration permit approvals.

Contact:

Rob Longley

Tel: +61 8 9322 7600

Email: info@ardiden.com.au

Forward Looking Statement

This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company's securities.

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