Essex Minerals Inc. announce the development of an REE target on the western portion of the Drummer Fault area of the Mt Turner Project. The western 5 kilometres of the Drummer Fault structure appears to be dominated by uranium mineralisation in the form of coffinite (uranium silicate) associated with apatite and sulphides (dominantly pyrite) associated with Permo-Carboniferous rhyolite and mafic dykes in steeply westerly plunging shoots. This area was never explored or tested for REEs and given the association and increased size of the Th and P geochemical anomalies combined with the similarities to the Nolans Bore deposit, Essex is excited to explore the area for potential REE mineralization.

A Historical Resource of 374,000 tons @ 0.16% U3O8 over the LC50 prospect has been reported by R. Okill in a report for Dolphin Exploration Company Pty Ltd. and Esso Exploration & Production Australia Ltd. dated January 27, 1981 and submitted to the Department of Mines Queensland Australia. Essex is currently investigating the possibility of spinning the Mt Turner Project into a separately listed vehicle, including a distribution of shares in the new entity to existing Essex shareholders.