Heron Resources Limited confirms that the Woodlawn technical review conducted by independent industry specialists has found the project is not facing any significant ongoing technical or operational flaws, and that the plant is now progressing to a revised ramp-up schedule following delays during construction. The Company is satisfied with current ramp-up progress, which is resulting in the routine production of marketable zinc, lead and copper concentrates. Further work with external advisors is continuing to quantify additional working capital needs, and to structure a financing package that addresses a potential short term working capital deficiency which has been identified. The requirement for additional capital is largely the result of an effective delay of 7 months in project construction completion. Heron and its major shareholders remain confident in the future of Woodlawn, and that once the current working capital deficiency has been addressed, the project will continue to ramp-up to its nameplate capacity.