Kula Gold Limited reported that the reconnaissance drilling has commenced at the helicopter VTEM and drone magnetic survey targets including the main `eye' structure at its 100% owned Westonia Project located 5km from the Edna May Gold Mine. Helicopter VTEM: The Company engaged UTS Geophysics for the VTEM survey and following initial positive indications had an additional 30 line-kilometres completed to infill to 100m line spacing. Further modelling of EM data is in progress.

Auger Drill Geochemistry: As previously reported on 30 August 2022, (Maiden Exploration Program - Westonia Project) the Company reported anomalous geochemical results to 125ppb Pt + Pd (combined) and up to 35ppb gold in geochemical auger sampling, as well as 1.85g/t gold in a quartz vein rock sample from a lateritic breakaway. As well as anomalous copper reported on 28 October 2022, (Amended - Anomalous Copper & PGE - Westonia Project) with 498.3ppm copper anomalism, co-incident with magnetic structures and gossanous outcrop. Upcoming Activities: Following on from producing an exploration target model, with these various overlapping exploration techniques, the Company has now commenced with drilling contractor Stark Drilling to proceed with a reconnaissance drill program to test the above anomalous areas.

The Company will provide an ASX release upon ongoing operations of significance.