The Board of Noronex Limited provide an update on the exploration of its suite of copper projects in Namibia. The company is pleased to confirm that the company's first diamond drilling program is underway at the Snowball Joint Venture. Diamond drilling has been selected to drill the shallow Kalahari sand cover and provide detailed geological information in a previously undrilled part of the Kalahari Copper Belt.

The Mitchell Drilling rig is underway prior to the Christmas break to test the highly ranked Helm prospect The 2,000m program is expected to run into February 2023. The base of the Kalahari cover, a thick calcrete sequence was intersected at 53m depth downhole, shallower than expected above the interpreted D'Kar Formation sediment sequence, potential mineralisation can be developed below this at the NPF contact. The first hole 22HED01 is testing the NPF-D'Kar contact on the southern limb of the `domal' target.

Ground magnetic profiles have been collected to pinpoint the contact under the Kalahari cover.