BMG Resources Limited announced assay results returned from the recent 10,312m aircore drilling (AC) program have highlighted strong potential for further gold discoveries at the Company's 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA. The AC program was completed south of the highly mineralised Capital Prospect in February 2022, testing the significant prospective 5km strike potential between Capital and the previously identified Barrack/Archer prospects to the very south of the Abercromby tenement area. The AC program tested targets generated from the SAM surveys which identified several high priority structural settings, including at the Barrack and Archer targets where gold mineralisation has been previously intersected with little follow-up drilling.

The nature of the AC drilling ­ being 80m spaced holes on traverses often spaced 150 to 200m apart ­ together with the very limited previous drilling of 120m spaced holes with similar traverse spacing, means that the drill testing to date is still very broadly spaced. The anomalous gold intercepts returned from the drilling are therefore very significant and likely to be indicative of the potential for further gold mineralisation in the area. Better intercepts from the AC drilling include: 4m @ 1.19g/t Au from 16m (22ABAC117) ­ situated within SAM anomalism with direct continuity to mineralisation at Capital, and adds to a series of historic anomalous gold results in the same area which can be traced for around 1.7km; 4m @ 3.58g/t from 52m (22ABAC061) ­ situated in a previously untested position, now interpreted to be the south-eastern extension of the Abercromby shear.

This area is open for around 1.4km, some 600m to the north-west, and 800m to the south-east aligning with anomalism defined by other BMG drilled AC holes nearby to the Archer prospect; 4m @ 1.46g/t Au from 44m (22ABAC014) ­ situated near the Barrack prospect, open for several hundred metres to the north-west, and coincident with SAM anomalism. BMG is now in the process of securing an AC rig to undertake regional follow-up drilling across the three key zones highlighted from this program (Capital South, Archer and Barrack), with infill traverses planned. Company anticipate having a rig on site in the next 4 to 6 weeks.

Additionally, BMG is planning to redrill a diamond hole (abandoned due to technical difficulty in the last work program), to test for the southern extension of the West Lode at Abercromby, at the earliest opportunity. The Company has secured a diamond rig which company expect to have on site later this month. BMG will update the market as to the specific timing of this follow-up drilling in due course.