Navarre Minerals Limited reported new diamond drilling results from its ongoing program testing its wholly owned Stawell Corridor Gold Project, in western Victoria, Australia. The results are consistent with the Company's recently announced Exploration Target and highlight the geological similarities between the quartz sulphide lode structure at the Adventure prospect with the non-Company owned Magdala Gold Mine, 20 kilometres to the north. The latest drill results are for the most recent six holes completed at the Adventure prospect and follow the recently declared maiden Inferred Mineral Resource2 and Exploration Target1 declared for Resolution and Adventure prospects on the Irvine basalt dome. The best results were from hole AD015 which assayed 2.2 metres at 3.6 grams per tonne (g/t) gold within a broader zone of 5.4 metres at 2.1 g/t gold. These results are within the Exploration Target range of 2-3.2 g/t gold. The six holes focused on infilling a 350 metre gap in the strike extent between the previously reported holes AD007 (3.2 metres at 9.6 g/t gold) and AD008 (8.4 metres at 3.4 g/t gold). These assays included Adventure's first recorded visible gold. AD015 is approximately 80 metres south of AD008 and is now the deepest hole at the Adventure prospect. All six holes intersected the main mineralised quartz-sulphide structure where predicted, with varying widths and grades, typical of a `lode-style' gold system. The structure remains open at depth and along strike with drilling indicating the potential for two ore shoots centred on AD007 and AD008. Navarre has completed a 2,370 metres of expansion diamond core drilling out of a planned 5,000 metre program to scope the depth potential of the Adventure prospect within the bounds of a recently defined Exploration Target summarised in. Results for the most recent six diamond core holes (AD010 - AD015) of the program have been received, with all holes intersecting mineralised quartz-sulphide mineralisation where expected. The mineralisation is characterised by significant quartz veining occurring with strong chlorite and carbonate alteration containing minor amounts of sulphide (typically less than 3%), including arsenopyrite + pyrite + pyrrhotite and rare visible gold. Zones of anomalous gold are typically elevated in arsenic, an important pathfinder metal in most Victorian gold deposits. The mineralised structure remains strong and is open at depth and along strike. The results confirm the presence of two gold shoots associated with areas of elevated arsenic which remain open at depth and will be the focus of the remainder of this phase of drilling. The ore shoot geometry is typical of the ore shoot geometries seen at the nearby 5Moz Magdala Gold Mine. AD015 recorded the strongest gold and arsenic grades in the six holes reported in this phase. AD015 is the deepest hole drilled at the Adventure prospect and is located approximately 80 metres south of AD008 which intersected 8.4 metres at 3.4 g/t gold. This suggests a potential increase in gold tenor with depth. These intercepts complement previously reported drill intercepts from Adventure Lode: 6.0 metres @ 4.2 g/t Au from 67m, including 4 metres @ 6.1 g/t Au in IRC013; 5.0 metres @ 4.0 g/t Au from 40m in IRC004; 3.0 metres @ 5.2 g/t Au from 85m in IRC011; 4.0 metres @ 3.7 g/t Au from 96m in IRC014; 4.0 metres @ 3.6 g/t Au from 14m in IRC015; 6.0 metres @ 5.1 g/t Au from 24m in IAC245 (air-core discovery hole); 4.75 metres @ 3.5 g/t Au from 206.9m, including 1.15 metres @ 9.8g/t Au in AD001; 4.6 metres @ 3.5 g/t Au from 327.3m downhole in AD002; 3.2 metres @ 9.6 g/t Au from 263.6m, including 0.9 metres @ 12.5 g/t Au in AD007; 8.4 metres @ 3.4 g/t Au from 405.6m, including 0.9 metres @ 13.7 g/t Au in AD008. Navarre plans to complete the remainder of the 5,000 metre diamond core drilling program at the Adventure prospect. STAWELL GOLD CORRIDOR BACKGROUND: The Company is searching for large gold deposits in an extension of a corridor of rocks that host the five million ounce Magdala gold deposit at Stawell and one million ounce Ararat goldfields - "The Stawell Gold Corridor". A key feature of major gold deposits along the Corridor is that they are hosted in meta-sediments on the margins of Cambrian basalt domes. The Magdala gold deposit at Stawell is the best example of this style of mineralisation. Navarre has identified seven basalt dome structures within the Company's 70 kilometre long tenement package to date. The Company believes the regional potential of the Stawell Gold Corridor is significant, as shown by Navarre's discoveries at the Irvine and Langi Logan prospects where gold is close to large basalt dome structures. The Irvine basalt dome is Navarre's most advanced prospect. Previous drilling has confirmed extensive shallow gold footprints at the Resolution and Adventure lodes, with a combined strike length of 2.9 kilometres along the eastern contact of the Irvine basalt dome. Navarre has been testing the depth extents of the gold shoots at both lodes down to approximately 400 metres below surface through targeted diamond drilling programs. The Langi Logan basalt dome is the next major prospect for Magdala-style mineralisation south of the Irvine basalt dome within the Stawell Corridor Gold Project. It consists of the Langi Logan North, Langi Logan Central and the Langi Logan South Cambrian basalt domes with a combined 14.5 kilometre strike length and occurs in an area of significant historical deep lead production (133,000 ounces of gold recorded). Approximately 70% of the prospect area is covered by post- mineralisation Newer Volcanics ranging up to 30 metres in thickness.