Challenger Exploration Limited announced that is has received complete results for drill hole GNDD-157, delivering an intercept of 130.8 metres at 2.5 g/t AuEq, confirming the discovery of a significant new high-grade gold zone in intrusives south of the Magnata Fault. Hole GNDD-157 is part of the Company's high-impact 45,000 metre drill program, which is ongoing with 5 drill rigs on site, drilling approximately 6,500 metres per month at its Hualilan Gold Project located in San Juan Province, Argentina. Highlights: Intercept of 130.8 metres at 2.5 g/t AuEq2 following complete results for GNDD-157, confirms the discovery of a significant new high-grade gold zone in intrusives south of the Magnata Fault at the Hualilan Gold Project. GNDD-157 intersected over 200 metres of mineralisation with results including: 66.0m at 0.6 g/t AuEq2 - 0.5 g/t Au, 1.1 g/t Ag, 0.1% Zn from 20m and; 10.0m at 0.5 g/t AuEq2 - 0.2 g/t Au, 6.6 g/t Ag, 0.5% Zn from 132.9 and; 130.8m at 2.5 g/t AuEq2 - 2.3g/t Au, 1.6 g/t Ag, 0.5% Zn from 237.2m including; 12.0m at 20.9 g/t AuEq2 - 20.4 g/t Au, 4.8 g/t Ag, 1.0% Zn from 289m (previously announced) including; 4.1m at 56.8 g/t AuEq2 - 55.7 g/t Au, 12.9 g/t Ag, 2.1% Zn, from 291m (previously announced) and; 2.0m at 1.3 g/t AuEq2 - 1.3 g/t Au, 0.6 g/t Ag, from 291m and; 6.0m at 2.8 g/t AuEq2 - 2.5 g/t Au, 1.9 g/t Ag, 0.6% Zn, from 331m and; 9.0m at 1.7 g/t AuEq2 - 1.7 g/t Au, 0.6 g/t Ag, 0.1% Zn, from 343m. Discovery of gossanous outcrop with skarn alteration and visible gold at surface up-dip from this intercept of 130.8 metres at 2.5 g/t AuEq, suggesting mineralisation extends to surface. This new zone correlates with earlier intercepts in GNDD-079 (61m at 1.2 g/t AuEq), GNDD-032 (116m at 1.2 g/t AuEq) and GNDD-089 (102m at 0.6 g/t AuEq) north of the Magnata Fault. Defines a new block of mineralised intrusives covering 500 metres of strike, a vertical extent of 400 metres from surface, and true width of 50 to 100 metres which is open in all directions. Drill plan adjusted with two rigs to focus on infilling and extending this significant new zone of mineralisation in intrusives and the high-grade mineralisation in the Magnata Fault. Amended drill plan will incorporate a number of holes to extend the recent high grade discovery in GNDD-142 which returned 40.5m at 6.2 g/t AuEq below the Sentazon Manto. The hole had a dual objective targeting the high-grade Magnata Fault mineralisation and to test the potential for mineralised intrusives south of the Magnata Fault following the results of drill hole GNDD-134. The Company has previously reported results for 200 to 303 metres downhole for which assays were fast tracked, with this previously announced section returning 12.0m at 20.9 g/t AuEq including 4.10m at 56.8 g/t AuEq. The results for the remainder of the hole were significant with an additional 76 metres of mineralisation near the top of the hole and 65 metres of continuous mineralisation immediately below the zone previously assayed. Additionally, mineralisation in intrusives continued to 408 metres downhole. GNDD-157 was drilled from the same drill pad as GNDD-134 at an azimuth of 170 degrees compared to 154 degrees azimuth in GNDD-134. The hole was designed to have a bottom hole location 150 metres east of GNDD-134. GNDD-157 had a dual objective; to test the Magnata Fault 50 metres east of GNDD-134; and to further test the potential for mineralised intrusives south of the Magnata Fault after GNDD-134 returned a broad intersection of 117 metres at 0.7 g/t AuEq in intrusives in this area. GND-157 confirmed the discovery of a significant new zone of high grade mineralisation in intrusives south of the Magnata fault. The hole returned 130.8m at 2.5 g/t AuEq (2.3g/t gold, 1.6 g/t silver, 0.5% zinc) from 237.2m including previously announced 12.0m at 20.9 g/t AuEq (20.4 g/t gold, 4.8 g/t silver, 1.0% zinc) from 289m. The hole also intersected additional lower grade mineralisation in the same intrusives in the 60 metres below this intercept. Using a 0.1 g/t AuEq cut-off this broader zone returned 171 metres at 1.9 g/t AuEq demonstrating the significant scale of this new zone of mineralisation in intrusives. The mineralised intrusives outcrop at surface and dip steeply to the west and have a true width of 50 to 100 metres. Width is interpreted to be increasing at depth. Mineralisation has been intersected down to 350 and 400 metres respectively in drill holes GNDD-157 and GNDD-134 and remains open at depth. The mineralisation starts from surface in CEL holes drilled north of the Magnata Fault with GNDD-157 and GNDD-134 collared to intersect the mineralised intrusives 200 to 300 metres down dip. At surface (in the up-dip location of the intercept of 130.8m at 2.5 g/t AuEq in GNDD-157) gossanous outcrop of massive pyroxene skarn alteration containing visible gold has been observed. This suggests the mineralisation extends to surface as well as remaining open at depth. The higher grade zones encountered in drill holes GNDD-157 and GNDD-134 are consistent in cross section and are interpreted as high-grade shoots which are stacked within the intrusives. These high grade shoots have a similar orientation to the high-grade skarn mineralisation. The Company now believes that GNDD-088A, which intersected 39.0 metres at 5.7 g/t AuEq, including 14.4 metres at 14.8 g/t AuEq, intersected one of these high grade shoots. Follow up drilling will now be orientated to target the high-grade shoots, given the Company's view that it has determined the orientation of the high-grade shoots within the broader mineralisation in the intrusives. Prior to GNDD-134 and GNDD-157, mineralised intrusives had not been intersected south of the Magnata fault. North of the Magnata Fault, the mineralised zone in the intrusives covers 100 metres of strike, and is 50 to 100 metres true width, dipping at 60-70 degrees to the west and striking north- south. The Company now interprets these zones of mineralised intrusives north and south of the Magnata Fault as one large zone, which extends north-south over 500 metres of strike and remains open in both directions along strike. Mineralisation has been defined over 400 metres vertical extent from surface and remains open at depth. The intercepts at the top of GNDD-157; 66.0m at 0.6 g/t AuEq (0.5 g/t Au, 1.1 g/t Ag, 0.1% Zn) from 20m and 10.0m at 0.5 g/t AuEq (0.2 g/t Au, 6.6 g/t Ag, 0.5% Zn) from 132.9m are in the same mineralised intrusive zone intersected in drilling north of the Magnata Fault. The intercepts confirm the mineralisation intersected in previous drill holes and extends the overall zone approximately 20 metres further to the west with the mineralisation remaining open to the west and north along strike.