Great Boulder Resources ('Great Boulder' or the 'Company') (ASX: GBR) is pleased to provide an update on exploration activity at the Side Well Gold Project ('Side Well') in Western Australia.

RC drilling has recommenced in the central Mulga Bill area, with between 4,000 and 5,000m of drilling planned to continue testing high-grade gold mineralisation. The drilling is intended to build upon earlier work in the area which included recent intersections including 14m @ 36.12g/t Au in 21MBRC034, 6m @ 31.20g/t Au in 21MBRC002 and 8m @ 7.51g/t Au in 21MBRC0161. The Company is now interpreting results from the recently completed gravity survey at Side Well, and these are on track to be announced shortly. Final assays from the diamond drilling program are still being processed but are also due to be released soon.

Great Boulder's Managing Director, Andrew Paterson commented: 'This drilling is now our fifth RC program at Mulga Bill this year, and potentially the biggest yet. We're still building our understanding of the deposit, and to some extent our drill planning reflects this. We continue to develop and test our hypotheses as we drill.

I'm extremely happy with the way the Side Well project has progressed this year. Given the scale and potential of Mulga Bill there is a lot more drilling to do but every program improves our confidence that this is a large scale, well-endowed mineral system.' At the Whiteheads Gold Project an air-core (AC) program testing regional targets was completed in early October. This program comprised 122 AC holes for 5,166m of drilling, with assay results expected in approximately eight weeks.

Contact:

Lucas Robinson

Tel: +61 408 228 889

Email: lucas@corporatestorytime.com

Web: www.greatboulder.com.au

About Great Boulder Resources

Great Boulder is a mineral exploration company with a portfolio of highly prospective gold and base metals assets ranging from greenfields through to advanced exploration located in Western Australia. The Company's core focus is advancing the Whiteheads and Side Well gold projects while progressing initial exploration at the earlier stage Wellington Base Metal Project located in an emerging MVT province. With a portfolio of highly prospective assets plus the backing of a strong technical team, the Company is well positioned for future success.

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