Ardiden Limited outline Phase 1 of its Kasagiminnis Gold Deposit exploration drill program, planned to commence July 2020. Drilling of up to 3,000m will target the western extension of the existing JORC (2012) Resource area at Kasagiminnis and will be funded from within the Company's existing cash reserves (AUD 1.94m at end March 2020). Of distinction to other gold projects in the area, Kasagiminnis is 100%-owned by the Company, has a Maiden Resource estimate made in accordance with the JORC (2012) Code, and is a new discovery with no historical mining or exploitation of the in situ gold resource. Ardiden is also pleased to announce that it has defined an Exploration Target of 4.0 to 5.8 million tonnes at a grade ranging between 3.9 to 6.6 g/t Au (500,000 oz - 1.2 Moz Au) at its 100%-owned Kasagiminnis Gold Deposit, part of the Company's larger Pickle Lake Gold Project. The first phase of the Kasagiminnis summer drill program is planned to commence July 2020 with 3,000m of diamond drilling targeting the western extension of the existing JORC 2012 resource area. The current 110,000oz JORC resource is only estimated over an east-west strike length of 600m and to a maximum depth of 280m below surface. The first drill phase is testing along strike and to a maximum depth of 500m. The 2018 drilling at Kasagiminnis included significant mineralised drill intercepts of: 21.0m @ 3.97g/t Au from 67.0m in KAS18-04; 15.4m @ 3.21g/t Au from 65.6m in KAS18-08; 26.2m @ 3.19g/t Au from 89.3m in KAS18-10; 4.7m @ 4.10g/t Au from 66.5m in KAS18-01. In 2019, Ardiden announced a maiden high-grade Inferred JORC (2012) resource estimate of 790,000 tonnes @ 4.3g/t for 110,000 oz Au at Kasagiminnis. This estimate was based largely on the Company's 2018 drilling campaign over a limited strike of the mineralisation. Gold mineralisation at Kasagiminnis remains open along strike to the east and west, but there is historical widely-spaced drilling providing evidence that the gold mineralisation trend continues in both directions. Neither historical drilling or Ardiden's 2018 drilling campaign has tested Kasagiminnis mineralisation below 305 vertical metres, despite adjacent underground gold deposits being mined to depths over 1km below surface as illustrated below in Figure 2: Dona Lake (455m), Pickle Crow (1,158m) and Central Patricia (1220m). The Company has estimated an Exploration Target of 0.5 to 1.2 Moz gold at its 100%-owned Kasagimminis Deposit over a 2km strike length and to 500m below surface. The Exploration Target grade and tonnage range of 4.0 to 5.8 million tonnes at 3.9 to 6.6 g/t gold is based on current and historical data available at the Kasagiminnis area itself and is along strike of the same structure as the Maiden Inferred Mineral Resource Estimate. In addition, information in relation to significant gold mines and deposits along strike and within the same geological setting to Kasagiminnis at Pickle Lake have been taken into account. The Exploration Target at Kasagiminnis has been based on multiple sources of actual exploration results including; Examination of data from 117 holes totalling 14,000m of drilling along a 5km strike length at Kasagiminnis; A maiden JORC (2012) Inferred Resource estimate at Kasagiminnis by Ardiden of 110,000oz @ 4.3g/t Au over 600m strike and 280m depth (ASX announcement 10 September 2019); A non-JORC historical estimate of mineralisation at Kasagiminnis of 400,000oz @ 4.79g/t Au over 1.13km and 305m depth (ASX announcement 2 August 2017), now superseded by the above JORC (2012) estimate; A Heliborne High Resolution Aeromagnetic Survey (2009) and resultant 3D gridded model over Kasagiminnis; Regional airborne magnetic surveys and interpretation of structures and lithologies hosting gold mineralisation over a 30km trend along strike (Figure 3) from the Koval Gold Deposit (Barrick Gold) to the Dona Lake Gold Mine; Adjacent Gold properties, Dona Lake Gold Mine (GoldCorp) historical production statistics of 246,500 oz @ 6.6g/t Au and mined to 455m below surface; Pickle Crow Gold Mine (First Mining Gold Corp.) production statistics of 1.44 Moz @ 17.8g/t Au over a 3km strike length and mined to 1158m below surface; An NI43-101 Inferred Resource Estimate (2016) at Pickle Crow of 1.23 Moz @ 4.1 g/t Au. Koval Gold Deposit, (aka `Hasaga') (Barrick Gold Corp.). The location of the Kasagiminnis Gold Deposit in relation to the entire 664km2 Ardiden landholding at Pickle Lake. Kasagiminnis is just one of multiple deposit-scale targets and advanced gold Prospects within Ardiden's 120km of under-explored strike. Phase 1 drilling is planned to commence July 2020 to target gold mineralisation along strike extensions at the Kasagiminnis Deposit. The first phase of drilling plans to target the western extension where a recent structural survey revealed an offset that may have caused the 1980's drilling to have missed its target on the western extension. This leaves the deposit completely open to the west. High grade underground gold mines in northern Ontario have small footprints at surface due to the lack of outcrop. For example, the currently producing Musselwhite Gold Mine (+5 Moz Au production, Newmont-Goldcorp), located 150km north of Pickle Lake, has a small surface footprint similar to Kasagiminnis. Despite this small surface expression, Musselwhite underground now has an extensive strike length of over 6km of economically extractable gold. At both Musselwhite and Kasagiminnis, gold was deposited primarily where shear zones crosscut iron-rich formations with mineralisation typically consisting of up to 20% pyrrhotite, pyrite, and arsenopyrite.