Godolphin Resources Limited (Godolphin or the Company) announced assay results from its second diamond drill hole at Lewis Ponds, as part of a program to assess potential increases to the Mineral Resource and provide drill core composites for bench-scale metallurgical test work. The Mineral Resource Estimate (MRE) at Lewis Ponds is currently estimated to be 6.2Mt @ 2.0g/t gold, 80.0g/t silver, 2.7% zinc, 1.6% lead, and 0.2% copper in accordance with JORC (2012). Excellent gold assay results were returned from the second diamond hole GLPD002 which was designed to test both the Tom's and Spicer's Lodes (lodes included in the current MRE). The mineralisation style appears to be evolving with GLPD002 indicating a more McPhillamys style gold system rather than stratabound base metal sulphides. Results at Tom's Lode included 7m @ 1.26g/t gold, 19g/t silver, and 1.0% zinc and lead combined (2.28g/t gold equivalent) from 422 m and 6m @ 3.56g/t gold, 11g/t silver, and 0.7% zinc and lead combined (4.23g/t gold equivalent) from 446m. The Spicer's Lode yielded results of 28m @ 1.94g/t gold, 19g/t silver, and 0.4% zinc and lead combined (2.58g/t gold equivalent) from 461m, which include 8m @ 3.11g/t gold, 32g/t silver, and 0.8% zinc and lead combined (4.27g/t gold equivalent) from 465m; and 5m @ 2.85g/t gold, 24g/t silver, and 0.7% zinc and lead combined (3.72g/t gold equivalent) from 479m. LPD002 also intersected footwall lodes that are not included in the current MRE and represent significant potential upside to the current Lewis Ponds MRE. These promising gold results for both the first and second diamond holes support the recently revised Mineral Resource Estimate (MRE) at Lewis Ponds. The results also indicate that the northern Lewis Ponds area is precious metal rich similar to the nearby McPhillamys Gold deposit located 20km south along structure. Godolphin's 100%-owned Lewis Ponds Project (Lewis Ponds or the Project) consists of EL5583 which covers approximately 148 km² located 15km east of Orange. The Project is a high priority for Godolphin due to the extensive historic gold and base metal workings, and the current Inferred Mineral Resource Estimate (MRE) of 6.2Mt @ 2.0g/t gold, 80g/t silver, 2.7% zinc, 1.6% lead & 0.2% copper. Godolphin has freehold title over Lewis Ponds via its 100%-owned subsidiary company TriAusMin Pty Ltd. Historical mining and exploration at Lewis Ponds focussed predominantly on stratabound volcanogenic-hosted massive sulphide (VMS) base metal models. A review of the historic data helped GRL identify an association between the precious metals and the base metal lodes while financial modelling identified precious metals as the major financial contributor to contained metal value in the Lewis Ponds Resource. The diamond drill (DD) program commenced at Lewis Ponds on 14 January 2021 and was designed for resource definition drilling in the northern area of the new MRE, to assess the potential to increase the newly estimated MRE, and to provide mineralisation drill core composites for bench-scale metallurgical test work. The program was completed on the 10 April 2021. The program was designed to target both the Tom's and Spicer's Lodes (lodes included in the current MRE) as well as test the potential hanging wall and footwall lodes as identified by gold in soil anomalism, surface mapping and recentRC drilling completed by GRL. Tom's Lode: The 30m wide Tom's Lode was intersected in an area where a much thinner lode was expected and the increased thickness may be beneficial to the resource at Lewis Ponds. The intersection was much closer to the Spicer's Lode than anticipated with results of 7m @ 1.26/t gold, 19g/t silver, and 1.0% zinc and lead combined (2.28g/t gold equivalent) from 422m followed by a 14m low-grade zone and then 6m @ 3.56/t gold, 11g/t silver, and 0.7% zinc and lead combined (4.23g/t gold equivalent) from 446m. Spicer's Lode: The results for the Spicer's Lode are: 28m @ 1.94/t gold, 19g/t silver, and 0.4% zinc and lead combined (2.58g/t gold equivalent) from 461m. This is made up of 8m @ 3.11g/t gold, 32g/t silver, and 0.8% zinc and lead combined (4.27g/t gold equivalent) from 465m, followed by a 6m wide low-grade zone and then 5m @ 2.85/t gold, 24g/t silver, and 0.7% zinc and lead combined (3.72g/t gold equivalent) from 479m. The footwall of the lode comprises a 3.2m low-grade zone followed by an intersection of 2m @ 2.62g/t gold, 39g/t silver, and 0.4% zinc and lead combined (3.56g/t gold equivalent) from 487.2m. Footwall Lodes: GLPD002 intersected the Torphy's and Quarry Lodes below the Spicer's Lode at 522m and 589m respectively. The Torphy's Lode is approximately 31m wide (down hole) and consists of stringer sulphide lenses in siltstone and marble towards the footwall contact. A 3m Quarry Lode consisting of stringer sulphide mineralisation in siltstone was intersected from 589m but was poorly mineralised in this location. The best intersections for the footwall lodes were from the Torphy's Lode which returned 0.8m @ 2.31g/t gold, 21g/t silver, 2.2% zinc and lead combined (3.97g/t gold equivalent) from 525m and 1.0m @ 1.60g/t gold, 49g/t silver, 0.7% zinc and lead combined (2.85g/t gold equivalent) from 529m. These footwall lodes are not included in the current MRE and represent significant potential upside to the current Lewis Ponds MRE.