Orminex Limited provided an update on the acquisition of the Labyrinthe (previously known as Rocmec) and Denain gold projects from Nippon Dragon Resources Inc. (TSX-V: NIP) (`the Vendor' or `Nippon') in the highly sought-after Tier 1 jurisdiction of Quebec, Canada. Proposed Transaction: The Transaction between Orminex and Nippon is progressing well, with the Vendor receiving conditional approval from the TSX Venture Exchange (`Exchange') and now proceeding to seek shareholder approval at their Annual General and Special Meeting (`Meeting') scheduled for 28 October 2021. Following the Annual General Meeting (`AGM') of Orminex on 29 October, standard documentation will be provided to the Exchange to enable Completion of the Transaction, expected on or before 5 November 2021. Denain Gold Project Exploration Update: In order to satisfy Canadian-law expenditure requirements, Orminex will pay CAD 1,085,000 (approximately AUD 1,180,000) into an escrow account at the Commencement Date, to be employed at Orminex's direction for exploratory drilling on the projects prior to 31 December 2022. To enable immediate commencement of this exploratory drilling at the Denain Gold Project, Orminex and Nippon have progressed with necessary approvals, contractor engagement and First Nations correspondence during September and early October. Pleasingly, drill permitting for the first two phases of drilling has been received from 10 October and Forage Multi Drilling, based in nearby Rouyn Noranda, has been engaged to conduct the diamond drilling program, with a mobilisation date of 8 November 2021 confirmed. GoldMinds Geoservices will provide the on-site geology team overseeing the drilling program and core processing, with owner Claude Duplessis bringing over 30 years of geological experience and intimate knowledge of the Labyrinth and Denain gold projects. The focus of the first phase of drilling at Denain will be to infill known significant historical holes and follow up areas of high-grade surface sampling, commencing on a trajectory towards a maiden JORC resource in 2022.