Osmond Resources Limited provided an update on the Company's recent exploration activities at the Sandford Project, EL6958, located in Victoria. Rare Earth Element (REE), Cobalt/Vanadium and Zinc anomalisms have been
identified through handheld XRF (pXRF) analysis of soil samples taken in recent regional sampling program. Geochemical analysis by pXRF should be considered as a preliminary indication only and subject to confirmation by laboratory assay. Results from pXRF analysis can vary significantly from laboratory assay. During August and September this year, the soil samples collected across tenement were dried, sieved to sub 2mm fraction and analyzed with the pXRF. A main central zone of anomalous Rare Earth Elements measuring approximately 18km long by 4km wide was identified from the analysis. The nature of the REE mineralization is yet to be confirmed or understood, however at this early stage the anomalism appears to be associated with the Jurassic aged trachytic and phonolitic lava flows of Dens Hill Formation and overlying sediments. It is reasonable to expect that the overlying sediments of the Cretaceous aged Eumeralla Formation may obscure a significant portion of the Dens Hill Formation within the Sandford Project Area and provide the potential for a much larger footprint for REE accumulations. Additional to the highly encouraging REE pXRF results, the results have identified a Cobalt-Vanadium anomaly, presumably associated with the mafic volcanics, and discrete but significantly anomalous Zinc, adding to the diverse prospectively of the region. Osmond Resources are now preparing the samples for dispatch to the laboratory for assay. Should the laboratory assays confirm the anomalism in rare earths and other metals, Osmond will follow up with a detailed soil sampling and mapping program to define the extent of the anomalism.