Octanex Limited to advise that it has earned a 65% interest and elected to earn an additional 15% interest for an aggregate 80% interest in the Company's flagship Sefton Project located 75km to the east of Laverton in the Eastern Goldfields province of Western Australia. The Sefton Project is located between the Laverton and Yamarna Greenstone Belts, in the astern Goldfields province of Western Australia. Octanex made application for the Sefton Project tenements pursuant to an agreement with joint venture partner, Mr. Christopher Reindler (Sefton Project Agreement), under which Octanex assumed responsibility for funding Stage One Exploration Expenditure of $500,000 to earn a legal beneficial interest of 65%. The Company believes there is potential for the discovery of a major gold resource proximal to major structures interpreted to traverse its Sefton Project area. Although the focus is gold, the Company maintains a multicommodity approach, with exploration potential for nickel-copper sulphides and nickel-copper laterite associated with ultramafic enclaves. Octanex's near-term objective is target generation to identify priority structural targets for early geochemical and drill evaluation. Initial field work comprising first-pass ground reconnaissance and lag sampling, to identify kilometric-scale, low-level detection gold and gold-pathfinder anomalies, returned encouraging nomalous geochemical results with peak gold values up to 3.2ppb gold and identified 6 discrete gold anomalies with greater than 1.5ppb gold. A further lag sampling program was recently completed which expanded on the previous reconnaissance sampling into untested areas and infill sampling around areas previously identified as gold and copper-gold anomalies to better define them. Samples have been submitted to Intertek-Genalysis for geochemical analysis with results expected in August 2021.