Ausmon Resources Limited ('Company') is pleased to advise that the NSW Department of Primary Industries has approved the Company's proposed drilling activities at the selected 10 sites (SVRC001 to SVRC010) that have been marked with collar and siter grid pegs for RC holes within EL 8747 at the Stirling Vale area during the last field operations in June 2020.

Those RC holes will test an indicative 1.5 km cobalt, gold and base metals target within EL 8747. The drilling will test the PI2 pyrite/silica zone at 50 m below the surface and the cobaltiferous orthogneiss at 50 m and 100 m below the surface.

The drilling was originally planned for August 2020 but due to drilling rigs commitments the earliest that a rig can confirm to be onsite is in the first week of September 2020, subject to unforeseen events.

Several areas within EL 8747 and EL 8745 were the subject of soil and rock sampling during June 2020 (ASX Announcement: 6 July 2020). The laboratory has advised that results can be expected in the first week of August 2020. The results of the petrological analyses of the 3 samples from core hole DD95STV3 near Stirling Vale (ASX Announcements: 17/07/2018 and 15/06/2020) are also expected around the same time.

After review and interpretation of the results the Company will release an announcement.

Contact:

Eric Sam Yue

Tel: 02 9264 6988

Email: office@ausmonresources.com.au

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