Cosmos Exploration to advise that it has secured a drilling contractor to undertake its maiden exploration campaign at the Orange East Project, located in the world-class Lachlan Fold Belt in NSW. The Company has completed reconnaissance exploration, signed a land access agreement and completed preparations for its maiden drill program over the recently acquired Quintons Prospect, positioning it to hit the ground running in early 2023. In August 2022, Cosmos agreed to acquire an 80% interest in adjoining tenements (EL8807 and EL6378), located immediately south of its Orange East tenement (EL8442) and 10km along strike from Regis Resources NL's +2Moz McPhillamy's 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 immediate focus for Cosmos as part of its maiden exploration campaign in January 2023.

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.

The Quintons Prospect is hosted by the volcaniclastic sediments of the Anson Formation and occurs at the favourable structural intersection of the regionally significant and mineralised Godolphin fault and adjoining north-south trending splay structure. This structural position and host stratigraphy are analogous to the McPhillamys deposit (2.02Moz Au Reserve), located ~10km to the south-east of the Quintons Prospect. The Quintons prospect is defined by abundant multi-directional quartz veins up to 600m in length and 7m in width containing gossanous rocks and a broad 1km x 1km moderate to low As-Bi-Sb-Au geochemical anomaly in soil and rock chips.

Rock chip samples have returned maximum values of arsenic up to 3,170ppm, 80 ppb Au, 15.75ppm Bi & 279ppm Sb. The lower grade gold assays for rock chip samples may suggest that the mineralised source is deeper within the bedrock compared to the outcropping mineralisation observed at McPhillamys. Spectral analysis of selected rock chip samples has highlighted a core of sericite mineralogy, semi-coincident with the Au, As and Sb anomalism.

The geochemical and spectral data reveal a zonation in pathfinder elements and alteration minerals (sericite) typically found above hydrothermal systems. Cosmos is encouraged by the results of its data review and reconnaissance exploration over the recently acquired Quintons prospect, and looks forward to the results from its maiden drill program in early 2023 (subject to pending POW government approval and the cessation of rain in NSW). The Orange East Project is located 200 km north-west of Sydney and 15 km southeast of Orange in the well-endowed gold-copper mineral province of the Lachlan Orogen, central NSW. The project is centrally located within 25 km of some of the state's largest gold and base metal deposits which include: McPhillamys - 2.02 Moz Au Reserve1) - 15km SE, Cadia-Ridgeway (Newcrest Mining Ltd. ASX: NCM)- 35 Moz Au & 7.9Mt Cu Resource 2) 25km SW, Lucknow (300 Koz Au past production) 4km SE, Lewis Ponds (300 Koz Au + base metals) ~5km NE.

The project is highly prospective for structurally controlled, orogenic and hydrothermally associated. McPhillamys style gold mineralisation, Cu-Au Porphyry Style mineralisation (e.g., world-class Cadia Deposit), and Cu-Au VHMS (Volcanic Hosted Massive Sulphide) deposits as indicated by past exploration.