Dacian Gold Limited reported the latest intersection below the Jupiter mining complex as the Company also outlines its next phase of drilling activities at the Jupiter expansion program. The initial program has confirmed mineralisation of significant width and scale associated with the syenite intrusive system emplaced over a 2km strike extent, at the Mt Morgans Gold Operation. Doublejay Drilling Result: The results from the second drill hole below Doublejay confirms broad zones of mineralisation within the syenite and at the contact with the basalt.

The result follows the earlier successful drilling from the Jupiter expansion program at Ganymede, Heffernans and Doublejay. The Jupiter syenite intrusive complex spans approximately 2km with variable widths ranging between 50m to 300m. The complex consists of an extensive syenite intrusive system with several identified pipes and linking dykes beneath and between the Heffernans, Doublejay and Ganymede open pits.

Hole 22JUDD0821 intercepted: 202.2m @ 1.2g/t from 799.0m, including: 25.5m @ 2.1g/t; 9.9m @ 3.9g/t; 8.8m @ 3.4g/t; 13.5m @ 1.7g/t; 14.1m @ 1.6g/t; 12.5m @ 1.3g/t; 10.4m @ 1.4g/t; 3.0m @ 3.8g/t; 41.5m @ 2.1g/t from 667.3m; 55.2m @ 0.9g/t from 548.3m, including: 19.8m @ 1.0g/t; 9.0m @ 2.0g/t. Multi-Phased Plan to Test Expansion of Jupiter: Through its targeting generation and development work the Company has proven its syenite systems are capable of hosting deposits of significant scale. In the second half of CY2021 the Company commenced an initial program targeting its known syenite pipes below the Jupiter mining complex. The Company initial program and planned subsequent program can be summarised as follows: Phase 1: Proof of concept for the potential of Jupiter to host mineralisation of significant scale.

Phase 2: Drilling program to target potential bulk extractable mineralisation to 400m from surface across the entire length of the Jupiter complex. Phase 3: Mineral Resource estimation and conceptual mining studies for potential expansion of large-scale mining operations.