Cosmos Exploration Limited announced the commencement of field activities at its Orange East Gold Project in NSW. The Company has started its initial exploration program focusing on soil sampling and mapping ahead of the anticipated Quintons Air Core and Reverse Circulation (AC/RC) drill program set to commence within the next 7-10 days. The reconnaissance style soil and field mapping exploration activities will run in conjunction with the drilling throughout February 2023.

Exploration Activities: The soil geochemical programme is designed to infill the broad spaced, 200m spaced pXRF soil samples completed over the Quintons prospect and explore the highly prospective untested areas proximal to the structural intersection of the Godolphin fault and NE splay structure. This structural setting is analogous to that observed at the +2Moz McPhillamys deposit 10km to the SE. The soil and field mapping programs will be conducted throughout February in conjunction with the upcoming AC/RC drill program at the Quintons prospect.

The reconnaissance style soil geochemical program and mapping is expected to provide valuable information on the mineralisation and potential surrounding the Quintons Prospect at the Orange East Gold Project. In addition, the results of this program will be used to guide the Company's exploration activities and to determine the best approach for future drilling activities. In August 2022, Cosmos agreed to acquire an 80% interest in adjoining tenements (EL8807 and EL6378)2, located immediately south of its Orange East tenement (EL8442) and 10km along strike from Regis Resources NL's +2Moz McPhillamys gold deposit.

The tenements contain extensions of highly prospective Anson formation (host to McPhillamys) and the mineralised Godolphin fault. The Quintons host lithology and structural position are analogous to the McPhillamys deposit. The Quintons Prospect has not been drill tested to date and is the focus for Cosmos as part of its maiden exploration campaign.

In parallel with the drill program, the Company also intends to extend the soil/auger coverage across EL8807, targeting structural domains withing prospective lithologies. Large areas of EL8807 were last sampled by BHP in 1971, collecting stream sediments. The Company believes there are opportunities in these areas to re-evaluate the prospectivity using low-detection soil sampling technologies and methods.