Tennant Minerals Ltd. has intersected a 25m haematite alteration/breccia zone with 15m of intense copper mineralisation and visible copper-sulphides in the latest hole (BBDD0025) in the ongoing Stage 2 drilling program at the Bluebird copper-gold discovery. This intersection is the deepest hole in the recently discovered western step-out zone which remains completely open at depth and along strike. Bluebird is located within the Company's 100%-owned Barkly Project, 40km east of Tennant Creek in the Northern Territory.

The intense copper mineralisation in BBDD0025 occurs 50m down plunge and to the west of the previously announced BBDD0018, which intersected 32.5m of intense haematite and copper mineralisation from 151.6m including a 7m zone of predominantly massive copper-sulphides1,2. This hole is being processed by Intertek Laboratories, with results pending. The Company has now completed eight holes for 2,340m of a minimum 3,000m Stage 2 drilling program, which has already succeeded in doubling the strike-length of the Bluebird discovery to 240m and extended the mineralisation to over 300m below surface. The mineralised zone remains open in all directions.

The latest intersections from the Stage 2 program include BBDD0025, located on step-out section 448,280mE, which intersected a 25m zone of haematite alteration and brecciation from 199m downhole including a 15m zone of intense copper mineralisation with visible sulphides (predominantly chalcocite) from 205m downhole. Other recent mineralised intersections from the Stage 2 drilling program include: BBDD0024, located on the western-most section drilled, 448,240mE, which intersected a 17m zone of haematite alteration from 204m downhole including a 5m zone of copper mineralisation which included chalcocite and minor chalcopyrite from 207m downhole (Refer Appendix 1), and, BBDD0019, which tested the central mineralised zone below the previously reported BBDD0022 copper mineralised intersection. This hole intersected a massive sulphide zone including chalcopyrite from 207m to 207.6m downhole; a 5m zone of haematite alteration/mineralisation from 251m downhole and a third, 26m intersection of haematite alteration from 348.7m downhole on the south dipping limb of the anticline.

Samples from all mineralised intersections to date are being logged and processed with the aim of having all drill core submitted for analyses by the end of 2022, with the results available during January/February 2023. The Bluebird copper-gold mineralisation will then be modelled in 3D prior to follow-up mineral resource definition and extension drilling which is targeted to commence in March 2023, following the wet-season. DRILL-TESTING OF OTHER PRIORITY MAGNETIC-GRAVITY-INDUCED POLARISATION TARGETS: The Bluebird discovery is one of multiple targets identified within the Company's Barkly Project along a 5km east-west trending gravity anomaly known as the "Bluebird Corridor".

Preliminary drill-testing of other priority magnetic-gravity-induced polarisation (IP) targets, including Perseverance, Perseverance North and Bluebird West is also being carried out to identify further copper-gold deposits within this zone. The priority targets being tested include the Perseverance gold deposit where previous bonanza drill-intersections of 3m @ 50.0 g/t Au7 and 3m @ 43.2 g/t Au7 are associated with a structure that is interpreted to sit above the modelled magnetic/gravity high. This potentially represents an ironstone hosted copper-gold system at depth.