Gold explorer Ardiden Limited ('Ardiden' or 'the Company') (ASX: ADV) is pleased to announce it has completed permitting requirements to enable exploration activities to advance on its highly prospective 100%- owned South Limb Gold Prospect, a Brownfields Property, directly along strike of the Dona Lake Gold Mine.

While Ardiden is currently drilling at its advanced Kasagiminnis Gold Deposit, situated 20km south west of South Limb, the Company is systematically lining-up its 18 other Gold Prospects and Deposits to ensure a steady pipeline of gold targets across its district-scale 664km2 Pickle Lake Gold Project, in northwest Ontario. The Company plans to undertake an initial exploratory drill programme at South Limb before the end of the calendar year.

The Brownfields South Limb Gold prospect is located in the 'Eastern Hub' of Ardiden's Pickle Lake Gold Project and ideally situated off the main Highway, offering at least 9km of highly prospective geology right up to the mine gate at Dona Lake. The historical Dona Lake underground Gold mine produced 246,500oz @ 6.6g/t Au before closing in 1993.

The two critical requirements recently completed to allow Ardiden's Exploration work to advance in a socially responsible and collaborative manner are: 1) An Exploration Memorandum of Understanding ('MOU') with the Mishkeegogamang First Nation of Ontario, Canada for the South Limb Gold Prospect; 2) The Ontario Mines Department (MENDM) issue of the Exploration Permit to undertake work on the South Limb Prospect.

First Nation Consultation

As an integral part of the way Ardiden works, the Company has worked closely and patiently with the Mishkeegogamang First Nation to finalise this Agreement. The Company appreciates the permission and trust associated with granting Ardiden access to the area. The South Limb MOU is the Company's second Agreement in the Pickle Lake Gold Project area and promotes a cooperative and mutually respectful relationship as Ardiden progresses exploration of its highly prospective Pickle Lake Gold Project. The Company is working with the Council and Chiefs of three First Nation groups in the District to negotiate individual MOU's over various Gold Prospect areas to ensure traditional land users in each area are consulted, and specific areas of sensitivity or concern are addressed at each location.

Ardiden's Managing Director and CEO, Rob Longley said he was delighted to formalise this second agreement with Mishkeegogamang Chief, David Masakeyash, and Council: 'This is further progression of our relationship with the Mishkeegogamang First Nation group based at New Osnaburgh. I would like to thank the Mishkeegogamang leaders sincerely for placing further trust in our ability and desire to consider all stakeholder and traditional needs in this area. With drilling currently underway at Kasagiminnis, we hope to be drilling in a similarly responsible manner at the South Limb Prospect in the very near future, and engaging Mishkeegogamang in employment and training opportunities.'

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. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. 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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