Caprice Resources Ltd. referred to the announcement dated 17 February 2023 regarding the completion of the RC drilling program at the Northampton Polymetallic Project (Northampton) and provides the below additional information. As previously advised, the drill program involved 11 holes for 938m, testing north-south oriented base metals mineralisation over c.750m of strike. Sulphides were intersected in a majority of holes, with galena, sphalerite and minor chalcopyrite evident in varying quantities.

The mineralisation appears to be structurally controlled, and hosted within a garnet gneiss, and typically associated with silica-clay-alteration. Visual estimates of base metal sulphide phases and proportions within RC chips are considered approximate and generally unreliable in nature as they are based on a quick visual estimate from a chip tray. Chip trays retain a very small portion of the total interval drilled, and have been sieved and cleaned, removing the fine fraction that may account for a majority of the sampled interval and generate a bias in the material observed when logging.

Visual estimates of sulphide phases are logged in order to define intervals of interest for lab analysis. Visual estimates of sulphide phases should not be used for any assumption of mineralisation or economic potential. As this is the first drilling program across Lady Sampson prospect; there have been no studies or comparisons between visual estimates of base metal sulphides and laboratory determined base metal proportions.

The Company expects receipt of assay results in 4-6 weeks.