First Au Limited announced encouraging gold results intersected in a newly discovered mafic dyke swarm at the Snowstorm EL5505 drilling project in the Swifts Creek Goldfields, eastern Victoria. This program was able to identify high grade shoots (> 1 oz/t Au) and associated lower grade halos and provides new geological insight to enable FAU to vector in new drill targets for a program planned to commence at Snowstorm in coming months. This was considered by the exploration team to be a great outcome for the Company's maiden exploration drill program in Victoria, from only 12 holes and 1379m of diamond core drilled. This program has added significantly to the Company's nderstanding of the geological setting and its characteristics. The geological team have expressed rising confidence they are tracking a significant mineralising system. The drilling intersected numerous altered and mineralised mafic dykes across the project area which are considered analogous to the Walhalla and Woods Point Dyke Swarm system (Victoria), where some 2.4Moz of reported aggregated Gold was historically mined. This area, the Snowstorm Shear Zone, is defined by both hangingwall and footwall faults. The shear zone, displays a dextral-reverse movement, is 20 to 50 m wide, up to 1 km long and appears to persist at depth. The Snowstorm Shear Zone is interpreted to reflect a splay off the crustal-scale Cassilis Shear Zone. The Cassilis area is known to have historically produced over 100,000 oz Au. The mafic dykes are interpreted to persist to depth within the shear zone. Further drill holes will follow up the high- grade intersections as well as test the shear zone at depth A diversity of quartz veining occurs immediately adjacent the mafic dykes with only the laminated veins and associated stockworks containing gold. Carbonate and sulphide alteration halo the mineralised quartz-veins. Laminated veins comprise quartz, calcite, dyke fragments, country wall-rock, arsenopyrite and gold with fault pug and selvages of country rock occurring sub-parallel to the vein margin The sediments host to the mineralised veins are Ordovician in age. These sediments comprising shales, silts and sandstones are intruded by a swarm of strongly magnetic mafic dykes. Alteration in the dykes is typically smectite whereas alteration in the sediments comprises proximal silica, sericite, arsenopyrite (< 2m from vein) to a distal (< 10m from vein) carbonate - ankerite pyrite alteration. The maiden drill program intersected altered mafic dykes in all 12 holes highlighting the extent of the dyke intrusions, as well as providing evidence of veins carrying gold >1oz/t Au occurring within and across the project area. These dykes may in future be able to be better mapped, using a high- resolution magnetic survey. The rock pile is variably folded and faulted with the Snowstorm Shear Zone occurring on the southernlimb of a large-scale early fold. The early fold's axial trace trends ~WNW-ESE which broadly is consistent with the trend of the known Snowstorm and Cassilis Shear Zones. The drilling further highlighted that a pyrite halo is observed from 2m up to 10m from quartz-reefs with arsenopyrite being observed < 2m from mineralised quartz veins. These observations are critical for FAU Geologists as they assist in developing a series of spatial geological models as well as establishing gold bearing quartz reef vectors (i.e. assist in quantifying a `near-miss' scenario) for the following exploration drilling. The halo of sulphides enveloping the quartz-reef and gold mineralisation and associated mafic dyke swarm displays strong similarities to the Woods Point Dyke Swarm and Walhalla Gold systems. The Walhalla Cohen's Reef and Woods Point Dyke Swarm occur over 130km south-west of the project area where 2.4Moz of gold has been mined. The FAU Geologists consider that the Snowstorm Project has strong geological similarities to the settings which hosted the Woods Point and Walhalla deposits. Successful 1,370m maiden diamond drill program at Snowstorm Prospect provides evidence of veins carrying gold >1oz/t Au. FAU have, following the first round of drilling, recognised a new analogue to the Woods Point Dyke Swarm with the discovery of a mafic dyke swarm associated with quartz-reef and shoot gold mineralisation at Snowstorm. Drilling intersected sulphides, a pervasive suite of mafic dykes associated with quartz- veins and gold mineralisation hosted in shoots at Snowstorm representing a new style of mineralisation identified in the Swifts Creek area. Recently reported 3.1m @ 11.6 g/t Au mineralised zone from 53m was intersected in SNDDH002 including 0.8m @ 33.3 g/t Au from 54m, illustrating high grade system. New results show high grade reef and related lower grade halo, including, o 1.2m @ 8.5 g/t Au from 63.6m including 0.2m @ 49.3 g/t Au (SNDDH001), 2.9m @ 2.27g/t Au from 26m (SNDDH003), .7m @ 0.63 g/t Au from 2.5m, including 2m @ 1.35g/t Au and 1.3m @ 1.12 g/t Au and 0.7m @ 14.6 g/t Au from 28.2m (SNDDH004),o 2.9m @ 3.41 g/t Au from 19.3m, including 1m @ 5.74g/t Au (SNDDH005) 1.5m @ 10.71 g/t Au from 65m (SNDDH007); 1.1m @ 1.05 g/t Au from 149.9m, (SNDDH008); 5.5m @ 0.72 g/t Au from 36m, 1.3m @ 1.98 g/t Au from 50.1m, and 0.9m @ 4.4 g/t Au from 134m (SNDDH012). The intersection of a mineralised Dyke Swarm coupled with the initial assays are highly encouraging. Further results from Screen Fire Assays pending from laboratory, to examine potential coarse gold component. A follow up Diamond Drilling Program is being planned to target high-grade shoots and intersections within the dyke swarms in the immediate and coming months. Drill rig has been secured.