Predictive Discovery Limited (Predictive or Company) is pleased to announce diamond drilling results from a diamond drilling (DD) program at its Ferkessedougou North Project, located in Northern Cote D'Ivoire.

These results form part of the 2020 Resolute Mining (ASX:RSG) Joint Venture Cote D'Ivoire exploration program which is focused on the Ferkessedougou North and Boundiali Projects.

DRILLING - DETAILED INFORMATION

Resolute has provided the following description and images from their work: In late January 2020, the joint venture commenced a diamond drilling program at Ouarigue South to outline the full extent of the gold mineralisation. Nine holes were drilled for 1,659m and 1,842 samples were sent to the Bureau Veritas laboratory in Abidjan for routine sample prep and 50g fire assay

The drilling targeted the interpreted eastern down dip extension of the mineralised granitoid intrusive. Drilling successfully defined the granitoid intrusion as striking for 150m, dipping moderately to the east for over 200m, 60 to 100m thick and open at depth. The controlling mineralised structure continues to the north and south, outside of the main tonalite intrusion.

Trenching and drilling programs to date on the permit have intersected a sheared sedimentary package of argillites and sandstones, variably intruded by granitoid dykes. Mineralised zones have been defined as an upper hangingwall contact; basal footwall contact and central zone, and consist of silica-chlorite-biotite-sericite and ankerite-hematite alteration assemblages, quartz veining and disseminated pyrite, with variably developed, local structurally controlled high grade zones within these broader envelopes, defined by intense brecciation, silica flooding, styolitic and disseminated pyrite, and milky and smoky grey quartz vein stockworks.

NEXT STEPS

An infill and extension program has been planned to further test the down dip extent of the system and improve understanding of the grade distribution and potential internal high-grade plunges. Continuing review and interpretation of the regional results may show other areas along strike on the main structure of other intrusives or potential traps for the mineralising fluids.

FERKESSEDOUGOU NORTH PROJECT BACKGROUND

In 2016, soil sampling at Ferkessedougou North revealed a 17km-long zone of gold-in-soil anomalies. Follow-up trenching in 2017 and reconnaissance RC drilling in 2018 revealed widespread gold mineralisation mainly in altered sheared granite bodies, with a series of drill intercepts from the Ouarigue South prospect extending over more than 1km of strike and including a best intercept of 25m at 3.06g/t gold from 64m, including 4m at 13.78g/t gold. In April 2019, a 9-hole diamond drilling program, totalling 1,059m was completed at the Ouarigue South prospect, designed to explore the shape and grade distribution of the Ouarigue South gold mineralised body, which was initially encountered in reconnaissance RC drilling and trenching programs.

Better intersections included2

FNDC001: 45.3m at 3.16g/t gold from 45.9m including 9m at 10.31g/t gold,

FNDC001: 10.9m at 1.94g/t gold from 95.7m, and

FNDC001: 4.7m at 6.14g/t gold from 134m

FNDC002: 45.0m at 1.52g/t gold from 42.1m

FNDC004: 16.5m at 2.43g/t gold from 24m including 4.5m at 5.50g/t gold

FNDC005: 15m at 2.06g/t gold from surface, and

FNDC005: 10.5m at 1.71g/t gold from 34.5m,

FNDC005: 59.7m at 1.35g/t gold from 49.5m including 4.5m at 5.83g/t gold

FNDC008: 34.9m at 0.98g/t gold from 12m

FNDC008: 39.7m at 3.54g/t gold from 51.4m including 4.5m at 11.00g/t gold

RESOLUTE JOINT VENTURE

Ongoing Work Program

Resolute has advised that, owing to current COVID-19 restrictions in Cote D'Ivoire, the planned power auger and air core drilling programs that were scheduled to commence after the Ferkessedougou North diamond drilling program was completed have been suspended. Predictive will advise the market when the suspension is ended and the planned work can go ahead.

Equity Calculation

Resolute has advised that, based on expenditure to the end of June 2019, Predictive's equity in the Joint Venture is 23.5%. Following receipt and audit of documentary evidence that covered the 6 months to end June 2019, a process that was delayed by the Resolute takeover of Toro Gold last year, Predictive is now a position to confirm to Resolute that this equity was calculated correctly. So, while Predictive's current equity in the Joint Venture remains at 30%, its equity percentage will fall to 23.5% when the required number of additional shares in the Joint Venture holding company, Toro Gold Equatorial Limited, are issued to Resolute.

In 2019, Predictive formally committed to contribute its equity share of expenditure in the Joint Venture for the 6 month period to end December 2019. The Company now believes that Resolute will proceed with issuing an invoice for that amount to Predictive in the coming weeks, which the Company will then pay. At this stage, the invoice amount is not known as Resolute has not yet provided Predictive with the total expenditure for that period or the detailed documentation to allow the Company to verify the expenditure, however Predictive has made what it believes is an adequate allowance in its budget to pay that amount in the current Quarter.

Contact:

Paul Roberts

Tel: +61 402 857 249

Email: paul.roberts@predictivediscovery.com

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