Gold Bull Resources Corp. reported the success of its soil gas orientation survey assessment in which all four known gold deposits demonstrated an association with soil gas interpreted to be directly associated with gold mineralization in deep seated structures within the Sandman deposits. The objective of the soil gas survey was to test if the interpreted structures at each of Sandman's four known deposits had gas signatures which could be used elsewhere on the property as a cheap exploration tool to assist with identifying structures which could be gold bearing located beneath a thin veneer of unconsolidated alluvium and sand dunes.

The gas orientation survey work was completed after the identification of Buddingtonite1 at Sandman as part of the regional Sandman exploration study to discover additional mineral resources at Sandman that are 'Sleeper Style' deposits. This work is being managed and conducted in parallel to the ongoing Feasibility study work. The usefulness of the soil gas test work is to develop a futuristic low-cost exploration tool to use as a pathfinder tool to further explore the highly prospective Northwest and North-South Trend at Sandman which is covered with unconsolidated alluvia and sand dunes.

The soil gas survey tool enables testing of structures which are identifiable using Sandman's high quality airborne magnetic survey data. The paleo-geothermal activity in the Sandman-Sleeper 23km corridor exhibits a unique geochemical, mineralogical and soil gas profile which enables the use of low-cost soil gas sampling to complement other tools for exploration drill targeting. objective is to identify new targets, refine old targets and then drill test for new discoveries at Sandman with the aim of adding more ounces and making a new "Sleeper Style" discovery within existing landholding.

At Sandman have the known circa half a million ounces of gold sitting between the surface and roughly 100m depth, however, there has been very little exploration focused on where that gold has been sourced from, yet that represents a compelling target, along strike of the Sleeper deposit. Reference to the nearby projects is for information purposes only and there are no assurances the Company will achieve the same results. On the exploration front, further evaluation work is ongoing and the soil gas test results will be further geochemically modelled over the coming month to allow the Company to plan spacing details for the next round of low cost soil gas exploration test work.

In terms of mine development studies, post the release of the Sandman PEA Phase 2, the company is continuing these studies and is seeking quotations which investigate whether to proceed to Pre-Feasibility Study or to jump directly to Feasibility Study on the back of the recently published positive PEA.