Caprice Resources Ltd. provided an update on the Northampton Polymetallic Project (Northampton), located in the Northampton Mineral Field of Western Australia. Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration completed during the last 50 years. RC drilling has commenced at Lady Sampson, approximately 40km south east of the town of Northampton.

The last RC program by Caprice in late 2020, close to the Wheal Fortune Mine near the town of Northampton, returned, outstanding results of 31m @ 1.1% copper, 2.0% lead & 9g/t silver, incl. 3m @ 3.8% copper, 3.8% lead & 3g/t silver. This new program, totaling c.850m, is testing north-south oriented base metals mineralization on the historical Lady Sampson workings.

The hole locations have been guided by historical costeaning, which identified copper and lead rich zones. The results from these costeans also indicated that there may possible zonation between copper dominant and lead-zinc dominant mineralization (see ASX 6th January 2021). The drilling should take 8 - 10 days, with assays likely to be returned four to six weeks thereafter.

The information in this report that relates to exploration results has been compiled by Mr. Christopher Oorschot, a full-time employee of Caprice Resources Ltd. As a full time employee of Caprice Resources Mr. Oorschot remuneration package includes both options and performance rights subject to a number of performance conditions including Mineral Resource growth. Mr. Oorschot is a Member of the Australian Institute of Geoscientists and has sufficient experience in the style of mineralisation and type of deposit under consideration and the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves ("JORC Code"). Mr. Oorschot consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.