Flynn Gold Limited provided an update on the latest results of its drilling program currently underway at the Trafalgar prospect within the Golden Ridge Project in northeast Tasmania. Highlights: First assay results received for diamond drill hole TFDD003 at Trafalgar, NE Tasmania include an outstanding shallow high-grade gold intersection of: 1.2 metres @ 65.9g/t Au from 57.5m, including: 0.5m @ 143.0g/t Au from 57.5m; Other results from first assays in TFDD003 include: 1.3m @ 2.28g/t Au from 149.2m, including: 0.5m @ 5.26g/t Au from 150.0m; Further priority assays are pending from TFDD003 for an additional vein structure intersected at 286-303 metres; Drill hole TFDD004, drilled below TFDD003, has been completed, to 503.5m, and intersected vein structures at 85-100m, 184-191m, 297-300m and 474-478 metres with assays pending; Drilling of hole TFDD005 (planned depth 350m) has commenced. LATEST DRILLING: TFDD003 is the Company's second drill hole at Trafalgar, designed as a 100m step-out to the west of hole TFDD002.

A third hole, TFDD004 was collared at the same location, and was drilled below TFDD003. Significant gold intervals previously reported1 from drilling at the Trafalgar Prospect in hole TFDD002 included: 5.4m @ 10.63g/t Au from 160.1m, 1.3m @ 2.37g/t Au from 250.7m, 9.0m @ 2.28g/t Au from 289.0m, and 4.3m @ 4.34g/t Au from 594.7m. The reported high-grade interval of 0.5m @ 143.0g/t Au at 57.5m is associated with a massive quartz-sulphide (pyrite-galena-sphalerite-arsenopyrite) vein hosted in altered granodiorite and is interpreted to be a possible continuity of high-grade gold assays returned from outcrop rock-chip samples in the vicinity.

Further assays from TFDD003 are pending, including additional zones of prioritised sampling of quartz-sulphide vein structures at 286-303m and the Company looks forward to reporting these once results have been received and reviewed. Drill hole TFDD004 was completed last week to a depth of 503.5m testing for extensions to the mineralised zones intersected in TFDD002 and TFDD003. Logging and cutting of core from TFDD004 is underway.

Significant zones of mineralised vein structures at 85-100m, 184-191m, 297-300m and 474-478m have been noted in TFDD004 with assays pending. Drilling of the fourth hole, TFDD005, commenced this week. This hole will be drilled to test for extensions of the mineralised zones approximately 100m east of the zones intersected in TFDD002.

Further drilling at Trafalgar to test the extensions and continuity of gold mineralisation is planned. The Company looks forward to updating the market on the results and analysis of these exploration activities as they become available.