The Board of Directors Laneway Resources Limited- (Laneway or the Company) (ASX: LNY) is pleased to announce the commencement of processing of Agate Creek high grade gold ore today following completion of the refurbishment and recommissioning of the Georgetown Gold Processing Plant

Highlights

Georgetown Gold Processing Plant refurbishment and recommissioning has been completed.

Processing of high grade gold ore from Agate Creek commenced today.

First gold pour expected end of next week.

Mining operations continue to progress well with over 22,500 tonnes of high-grade ore having now been mined at Agate Creek since mining operations recommenced in June.

A total of 30,000 tonnes at ~8 g/t is expected to be mined by early October from the current pit at Sherwood.

Over 10,000t of high grade ore has been transported to the Georgetown Gold Processing

Plant with crushing ongoing

The commencement of processing of high grade ore today is a significant milestone in Laneway's transition to gold producer. It follows the successful completion of the refurbishment and recommisioning of the Georgetown Gold Processing Plant. Laneway now has control over its gold production future with processing and mining activities all progressing well. Strong cash flows will commence shortly, with the first gold pour expected at the end of next week.

Laneway Managing Director, Brad Gordon commented: With the completion of the processing plant refurbishment and commencement of processing of high grade ore underway, Laneway has succesfully executed on a critical stage of its journey towards being a substantial gold producer. The strong cashflows that can now be generated will establish a solid base for unlocking the considerable value in our project portfolio.

This Announcement is Authorised by the Board of Directors

Contact:

Stephen Bizzell

Executive Chairman

Brad Gordon

Managing Director

Phone: (07) 3108 3500

E-Mail: admin@lanewayresources.com.au

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