New Age Exploration Limited provided an update on the Company's Central Otago Gold Project New Zealand. Recent field work has expanded the pool of highly prospective gold targets in the Otago Pioneer Quartz (OPQ) Gold Exploration Project area. Sampling old working has demonstrated the high-grade potential of the OPQ Fault Zone and adjacent narrow vein quartz lodes.

NAE considers its OPQ Gold Exploration Project to potentially host structurally controlled, high-grade quartz lode systems, as well as bulk tonnage Macraes and Bendigo-Ophir orogenic gold deposits. Additional high-grade gold prospects identified from recent field work. Coarse visible gold found in float samples close to historic workings.

Target lengths significantly extended to >6km along the highly prospective OPQ fault zone, capable of hosting significant gold deposits. Re-processed geophysics identified new targeting methodology for structures hosting high-grade gold lodes. Several prospects within the OPQ Gold Project area now have high priority drill ready previously untested targets.

Assays pending from recently collected samples.