Black Dragon Gold Corporation announced a Programme of Works permit has been granted by the Western Australian regulator at its 100% owned Padbury Gold Project near Meekatharra, Western Australia. Black Dragon has received approval from the Department of Mines Industry and Safety (DMIRS) to drill up to 30 holes at its Padbury Gold project, permit EL51/1942. The proposed exploration programme was formulated following the Company's successful geochemistry sampling programme announced on 28 November 2022, which confirmed a regional 8km gold trend, coincident with a WNW-ESE striking structural grain and coincident to gold nuggets previously discovered at surface.

Black Dragon's. PoW is designed to test the following gold prospects along the 8km gold trend: 3700m x 700m gold in soil anomaly at the Fenceline Prospect; 2300m x 1100m gold in soil anomalies; 1,000m x 350m gold in soil anomaly at The Honey Pot Hill Prospect. The Padbury Gold Project is an intrusion related gold target located on the northern Yilgarn Margin. New gold anomalies were detected through the Fourth Quarter-CY22 sampling programme and are parallel with a regional WNW-ESE striking structural geological architecture.

The anomalies are coincident with prospecting activity where numerous gold nuggets and gold in quartz have been identified in surface quartz lag deposits. The application of the Ultrafine geochemistry soil technique reduced the nugget effect and was designed to detect bedrock accumulation including gold from intrusion related gold structures or IRGS. Heritage survey to be conducted: Black Dragon is working with Traditional Owners of the Padbury permit, the Wajarri Yamagi Aboriginal Corporation (WYAC) and its advisors.

The Company is seeking to conduct a heritage survey over the proposed drill hole locations and access tracks. Black Dragon will only mobilise a drilling rig to undertake its PoW once the heritage survey has been completed and the WYAC and its advisors are satisfied with the heritage survey report. Compilation of prospector gold occurrences: The Padbury Gold project includes a compilation of prospector identified gold occurrences and following the Company's geochemistry sampling programme in fourth quarter-current year 2022, Black Dragon has established a strong coincident relationship between the, at surface discovery of the gold nuggets and the gold soil anomalies.

Gold has been recovered using non-mechanical methods (metal detecting) with both free gold nuggets and gold in quartz, which is presumed to be eroded from nearby bedrock sources. In total 65 individual sites have been recorded and follow a broad WNW-ESE trend similar to the gold-in-soil sampling. Proposed drilling programme is designed to test the source of the gold nuggets coming from a bedrock source suggestive of an IRGS.