Karora Resources Inc. announced further significant results from gold exploration and infill drilling at the Beta Hunt Mine: The first set of assay results from the Stage 2 infill program targeting the north end of Fletcher South produced high grade mineralized intersections that support the interpretation of a significant mineralized system west of the Western Flanks Mineral Resource. Fletcher results highlighted by drill hole WF380ACC-09AE which intersected 3.8 g/t over 33.0 metres. At Larkin, infill drilling targeting both gold and nickel mineralization delivered results that support the recently updated Larkin Gold Mineral Resource.

Estimated true widths cannot be determined with available information. These results support both extending and increasing confidence in the Fletcher South Zone with the ultimate goal of completing sufficient drilling to produce a maiden Mineral Resource for the Fletcher Zone. At Larkin, new drilling returned 6.7 g/t over 9.4 metres and 13.7 g/t over 3.5 metres from the central portion of the zone which will support the 2023 update of the Mineral Resource Model.

Exploration and resource definition drilling in Fourth Quarter for gold totalled 3,932 metres. Resource definition drilling close to the northern margin of the Larkin Zone was focused on upgrading the gold Mineral Resource. Additionally, drill holes targeting extensions to the 30C and 20C nickel Mineral Resources also tested Larkin gold mineralization which occurs directly below the nickel mineralization.

These holes were assayed for gold as part of Beta Hunt standard assaying procedure for holes designed to test nickel mineralization. Gold drilling results greater than 1 g/t and their location over the period October 1, 2023 to December 31, 2023. The results will be used to update the Larkin Mineral Resource Model.

Highlights from the drilling results are summarised below: B30-19-31NR1.: 6.0 g/t over 6.4 metres; B30-19-31 NR1.: 6.0 g /t over 6.4 metres, B30-19-31R1.: 6.0 g-t over 6.4 metres. B30-19-34NR1.: 6.7 g/t Over 9.4 metres; B30,19-41NR1.: 4.0 g/t over 4.7 metres; B30-19,20AR1.: 2.9 g/t over 11.3 metres; B30-19 -35NR1.: 4.7 g/t over3.5 metres; B20-1826-08NR2.: 13.7 g/t Over 3.5 metres. Estimated true widths.

Karora operates an industry best practice QA/QC process to ensure the integrity of all assay results.