Pacific American Holdings Limited provided an update on the status of the Company's Farm-In Agreement with Salazar Gold Pty Ltd. ("Salazar"). During the Exclusivity Period, the Company has undertaken extensive legal and technical Due Diligence. This has involved a complete review of information provided by Salazar including face-to-face discussions between Salazar geological team and Company representatives in Perth. The Company and Salazar are now working towards the finalisation of the Farm-In documentation. Concurrently, Salazar are working with the WA Mines Department as they seek formal approval for an extension to the term of the Porphyry North Gold Project exploration licence. Due to these factors, both parties have agreed to extend the Exclusivity Period for a further 30 days at no additional cost to the Company. Throughout the Company's discussions with Salazar, securing drill rig availability is considered a priority activity so as to commence the drilling program in first quarter of 2021. Consequently Salazar has reached out to a number of drilling parties and has confirmed drill rig availability to meet the first quarter of 2021 target period.