S2 Resources Ltd ('S2' or the 'Company') has received further assay results for ongoing diamond drilling at its 100% owned Aarnivalkea ('Aarni'') prospect in the Central Lapland Greenstone Belt ('CLGB') in northern Finland.

The current program comprises very broad spaced scout drilling beneath a 1.3 kilometre gold anomaly identified in previous shallow diamond drilling. Three intervals or sub-intervals of high grade mineralisation (using a nominal 1.0g/t gold cut-off) were intercepted in hole FAVD0071, which include: Mineralisation in hole FAVD0071 is located 112 metres south of an intercept of 6.8 metres at 11.8g/t gold in hole FAVD0062 and 125m north of hole FAVD0065 with intercepts of 5.8 metres at 2.7g/t gold and 5.6 metres at 3.1g/t gold.

The 8.2 metres at 3.6g/t gold in hole FAVD0071 sits at the base of a broad, 48 metres zone of lower grade mineralisation averaging 1.0g/t gold. Assay results were also received for holes FAVD0067 to FAVD0070 with better intercepts listed below. No significant intercepts were recorded in hole FAVD0072 located at the southernmost end of the target area and assays are awaited for hole FAVD0073.

Aarni' mineralization

open in all directions In broad spaced scout drilling, based on roughly 100 metre spaced lines over a 1.3 kilometre strike, Aarni' mineralisation remains unconstrained and open in every direction. A zone of higher grade mineralisation is clearly emerging in and around holes FAVD0062, FAVD0065 and FAVD0071, which currently extends over a 200 metre strike and is open to the north and south. While S2's understanding of the controls on gold mineralisation is evolving, the higher grade zone may represent a moderate southerly plunging body. What the current program of deeper drilling is defining is very wide lenses of stacked gold anomalism (grading 0.2g/t to 1.0g/t gold), which in several areas has concentrated into zones grading over 10g/t gold.

Contact:

Matthew Keane

Tel: +61 8 6166 0240

Past Exploration results reported in this announcement have been previously prepared and disclosed by S2 Resources Ltd in accordance with JORC 2012. The Company confirms that it is not aware of any new information or data that materially affects the information included in these market announcements. The Company confirms that the form and content in which the Competent Person's findings are presented here have not been materially modified from the original market announcement.

Competent Persons statements

The information in this report that relates to Exploration Results is based on information compiled by John Bartlett, who is an employee and shareholder of the Company. Mr Bartlett is a member of the Australian Institute of Mining and Metallurgy (MAusIMM) and has sufficient experience of relevance to the style of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bartlett consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

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