Outback Goldfields Corp. announced that the Silver Spoon Exploration Licence has been granted near the world-class Fosterville gold mine in central Victoria, Australia. Highlights: Strong land position between two high-grade gold mines: Silver Spoon is contiguous with Agnico Eagle's Fosterville exploration licences to the west and only 10 km north of Mandalay Resources Costerfield mine.

Initial fieldwork planned at Silver Spoon: Systematic geological mapping together with soil geochemical surveys are being planned and will commence in the coming months. The grant of the Silver Spoon Exploration Licence (EL006951) from the Victorian Government's Department of Earth Resources regulation has now been finalized. All native title obligations applicable to the licence have been resolved with a Land Use Activity agreement in place with the Taungurung Land and Waters Council Aboriginal Corporation (TLaWC).

The Silver Spoon tenement is contiguous with Agnicoagle's Fosterville tenements and centered 20 km southeast of their world class high-grade Fosterville gold mine. The Silver Spoon project straddles a significant north-trending structural corridor, the Heathcote Fault zone, that separates the Bendigo Zone to the west from the Melbourne Zone to the east. Deformed and faulted Ordovician turbidites of the Bendigo Zone host high-grade quartz-reef hosted gold mineralization at the Fosterville gold mine, located 20 km west of Silver Spoon.

Previous exploration at Silver Spoon was focused on the Crosbie target, located near a contact with the Devonianaged Crosbie granite. The Crosbie granite is prospective for gold-antimony mineralization, a hallmark geochemical signature of the nearby Fosterville gold mine. the Crosbie target is marked by an open-ended, 900 by 300 metre, gold-in-soil anomaly with anomalous gold in rock-chip samples.

Planning is underway to commence a systematic exploration program consisting of property-wide soil and rock geochemical surveys over prospective areas as well as to verify and expand on results from the Crosbie anomaly. The first batch of samples from the recently completed Yeungroon air-core drill program have been submitted to SGS labs for fire assay gold analyses. More sample batches to be sent over the coming weeks.

Outback recognises the importance of open and honest community engagement in all exploration activities.