Dragon Mountain Gold Limited provided the following exploration update and drill results from its inaugural exploration program at its Avalon Project. The Avalon Project is located in Bulong, WA, approximately 35kms east of Kalgoorlie and comprises five granted Mining Leases of approximately 43.4km2. The tenement group is host to the Bulong Nickel laterite deposits which were previously mined.

The Avalon Project is contained within the Bulong Nickel Operation area and as a result, there has been virtually no exploration at depth for gold since the 1990's. Almost all drilling in the area in the upcoming years, when the focus was on nickel, was vertical and gridded, providing limited useable information for gold. Dragon Mountain's exploration program commenced on 26 October 2021 and the Company completed 29 Reverse Circulation (RC) holes for 3,055m testing the first Bulk Leach Extractable Gold (BLEG) anomaly.