Deep Yellow Limited (Deep Yellow or Company) advises that further to the release of the activities report for the quarter ending 30 September 2020, and in accordance with the reporting requirements of ASX Listing Rules 5.3.1 and 5.3.2, the Company spent $939,000 on exploration and evaluation activities during the quarter.

There was no mining development or production activities conducted during the quarter.

Expenditure predominantly related to: Pre-Feasibility Study activities including Engineering and Cost estimate services; Environmental Impact Assessment activities including Environmental and baseline studies; Drilling to support resource and reserve estimation work; Technical consulting services; General fieldwork including rehabilitation; non-field related activities and Joint venture activities including drilling, rehabilitation and general fieldwork.

Contact:

John Borshoff

Tel: +61 8 9286 6999

Email: john.borshoff@deepyellow.com.au

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