Red River Resources Limited announced high-grade polymetallic results from an ongoing multi-target RC drilling program at Liontown, part of its Thalanga Operation in Qld. Red River aims to develop Liontown as its third deposit at Thalanga and is focusing on an open pit /underground development for the Liontown Project with a conceptual mine life of 10+ years. Mining at Liontown is expected to commence in CY2022.Red River's latest drilling increases the confidence in the Gap Lode Mineral Resource and investigates thepotential of oxide gold mineralisation above it. The Gap Lode is hosted in a footwall rhyodacitic pumice brecciabetween the Liontown and Liontown East deposits. The Gap Lode currently contains an Inferred Sulphide Mineral Resource of 403kt @ 1.7% Cu, 0.8% Pb, 1.9% Zn3.5 g/t Au and 12g/t Ag for 15.3% Zn Eq. No oxide material from the Gaplode is currently classified as a Resource. Red River's reverse circulation (RC) drilling in the Gap area has continued to deliver high-grade Au-Cumineralisation with significant Pb and Zn associations. The initial six holes of this program were released in August 2021. The drilling strengthens the interpretation of the current Gap Inferred MineralResource and demonstrates the opportunity for further expansion between the Liontown and Liontown Eastdeposits (Figure 1 & 3).LLRC206 contained a 6m downhole interval of 11.1% Zn Eq. which included 3.3g/t Au and 0.8% Cu. Multiplemineralised lodes have been encountered in holes LLRC196 and LLRC197. Further investigation will continueto define continuity of these lodes and their place in the greater mineralising system.Water was encountered in hole LLRC187, and unfortunately insufficient sample return was achieved throughwhat appeared to be a broad mineralised lode intersection. Six other RC holes located to the east and at depthencountered water early and were paused to be used as pre-collars for diamond drilling.Red River will complete further drilling in the Gap area over the next 12 months including six diamond tailsfrom the completed RC pre-collars and an additional eight diamond holes. This drilling will narrowthe drill spacing to 60m in the centre of the current Gap Mineral Resource and support the development ofunderground drill platforms early in the life of the underground operation.Drill results from the remainder Liontown RC drill program will be reported by end of CY2021. The net smelter return zinc equivalent (Zn Eq.) calculation adjusts individual grades for all metals included in the metal equivalent calculation applying the following modifying factors: metallurgical recoveries, payability factors and metal prices in generating a zinc equivalent value for copper (Cu), lead (Pb), zinc (Zn),gold (Au) and silver (Ag). Red River has selected to report on a zinc equivalent basis, as zinc is the metal thatcontributes the most to the net smelter return zinc equivalent (Zn Eq.) calculation. It is the view of Red RiverResources that all the metals used in the Zn Eq. formula are expected to be recovered and sold.Where: Metallurgical Recoveries are derived from historical metallurgical recoveries from test work carriedout at the Liontown Project (Liontown and Liontown East) and from ongoing metallurgical data generatedfrom operational activities at Thalanga (processing West 45 and Far West). The Liontown Project is related to and of a similar style of mineralisation to the Thalanga Deposit (West 45 and Far West) and it is appropriateto apply similar recoveries. Payable Metal Factors are calculated for each metal and make allowance for concentrate treatment charges,transport losses, refining charges, metal payment terms and logistic costs. It is the view of Red River that threeseparate saleable base metal concentrates will be produced from the Liontown Project. The information in this report that relates to Exploration Results is based on information compiled by Mr. PeterCarolan who is a member of Australian Institute of Geoscientists, and a full time employee of Red RiverResources Ltd., and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the2012 Edition of the `Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves'(JORC Code). Mr. Carolan consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.