Poseidon Nickel provided the following update on the exploration activities that have been occurring at Black Swan. Silver Swan Resource Drilling Program Three areas at the base of the Silver Swan Channel are being targeted in this current drill program utilising two underground diamond drill rigs. These deposits are known as Peking Duck, Tundra-Mute and Fledgling-Canard and collectively contain 16kt nickel contained averaging 9.5% Ni in Indicated and Inferred Mineral Resources. The program aims to: to infill the Inferred Resource at Tundra-Mute and potentially upgrade them to an Indicated Resource status; and test for mineralised extensions beyond the existing Resources. Tundra-Mute The Tundra-Mute deposit comprises Inferred and Indicated Mineral Resources totaling 127kt at 9.5% Ni for 12kt Ni contained. Eleven holes, comprising both infill and extensional holes, have been completed to date with results for the first three intersections received, and three more in the laboratory for assaying. The 2019 Mineral Resource Estimate Table for Silver Swan, as referenced in the Pierce Point diagram. Geological logging of the infill holes has shown the mineralisation is highly variable. Strong mineralisation was logged in holes PTMD005 and PTMD007 with assays pending. Drilling continues and with the increased drill density the information obtained should help to determine the controls and trends of the high-grade mineralisation. Selected holes have been cased for down hole electromagnetic surveys (DHEM). The results from the DHEM survey will help target potential extensions in the area. The DHEM survey will be conducted as soon as a geophysical crew becomes available. Peking Duck and Fledgling-Canard The planned Peking Duck drilling was primarily targeting EM plates as potential resource extensions. Nine holes were drilled and the targeted plates were successfully tested. Observed results in the drill core showed no economic extension of the resource, but minor remobilisation of sulphides within a fractured footwall felsic unit. Current modelling suggests that Peking Duck has been truncated by the Feral Fault.