The Board of Laneway Resources Limited ('Laneway' or 'the Company') (ASX:LNY) is pleased to advise that the first gold pour took place late yesterday at the Georgetown Gold Processing Plant from the processing of high-grade ore mined at the Sherwood deposit within Laneway's 100% owned Agate Creek Gold Mine in North Queensland.

Highlights

Laneway's first gold pour has occurred at the recently refurbished Georgetown Gold Processing Plant from high-grade ore sourced from Laneway's 100% owned Agate Creek Gold Mine.

The first gold pour has been achieved in line with mining and processing schedules. The bullion poured has been recovered by Gravity methods only at this stage from the 740 tonnes of Agate Creek Ore that has been fed into the plant for processing to date.

The dore bar (pictured above) weighing approximately 3.9 kg of Au:Ag bullion was poured yesterday evening.

Ore from the current mining at Agate Creek commenced feeding into the processing circuit at Georgetown last week. Approximately 30,000 tonnes of ore at 8 g/t Au is being mined from the current pit at Sherwood.

Laneway entered into an agreement earlier this year to acquire the Georgetown Project and is now in control of all of its own mining and processing operations.

Mining is progressing well at Agate Creek with ongoing transportation of ore to Georgetown for processing also continuing.

Laneway anticipates material positive cash flow from its mining and processing activities.

The Company has brought the Agate Creek project into production quickly following the entering into of the agreement to acquire the Georgetown Project earlier this year. The refurbishment of the Georgetown Processing Plant has been completed in line with expected timeframes. The first gold pour achieves a significant milestone for the company as it has transitioned from explorer to developer and now producer. The gold pour yesterday comprised a dore bar weighing approximately 3.9 kg of Au:Ag bullion. This bullion bar will now be despatched to the Perth Mint for refining. Once refined at the Pert Mint, the gold purity of the bar will be determined. This bullion was recovered from gravity methods only from the ore processed to date as the carbon in circuit is still loading with gold and the on-site carbon stripping circuit is awaiting the installation of some further parts to allow stripping of the loaded carbon on site. Contract stripping of the carbon will be undertaken through a third party for the next 6-8 weeks by which time it is expected the parts to finalise the refurbishment of the stripping circuit will have arrived and be installed, including a newly designed ILR (Intensive Leach Reactor). First ore was fed into the milling circuit on 30th August in line with expectations. Since commencement of ore processing last week, 740 tonnes of ore has been crushed, milled and is being processed. Head grade assays are still pending. Processing rates are currently approximately 18 tonnes per hour day shift only - a second shift is scheduled to commence later this month allowing 24 hour processing with throughput rates expected to average around 20-22tph. Processing rates will be dependent on feed grades and ongoing metallurgical performance including recovery.

Laneway anticipates material positive cash flow this year from the high grade gold mining activities at Agate Creek aided by continuing high prices for AUD denominated gold. The expected cash flows will establish a sound financial platform for the Company to progress its project portfolio. Planning is also well advanced for further drilling programs at Agate Creek targeting additional potential high grade zones - including potential extensions of the zones currently being mined. Additional exploration will also target other identified mineralised zones that have previously only been evaluated for large low grade processing, targeted drilling of the ore zones with the potential to add to the existing Global Resource. Further exploration is also planned on the Georgetown Project tenements. Exploration within Laneway's wider Exploration Tenement area will also be advanced seeking additional small tonnage high grade zoned deposits capable of being treated along with the targeting of additional large tonnage targets to supplement the long term mining and processing of the Agate Creek Resources onsite.

Laneway Managing Director, Brad Gordon commented: This first gold pour is another significant milestone for Laneway on its journey to becoming a substantial gold producer. Following entering into the agreement to acquire the Georgetown Project including the Georgetown Gold Processing Plant earlier this year, Laneway has successfully and rapidly executed on the refurbishment and recommissioning of the plant and the recommencement of mining at Agate Creek. The strong cashflows that can now be generated will establish a solid base for unlocking the considerable value in our project portfolio

Contact:

Brad Gordon

Managing Director

Stephen Bizzell

Chairman

Phone: (07) 3108 3500

E-Mail: admin@lanewayresources.com.au

Competent Persons Statements

The information in this report that relates to Exploration Results is based on information compiled by Mr Scott Hall who is a member of the Australian Institute of Mining and Metallurgy. Mr Hall is a full-time employee of Laneway Resources Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Hall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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