Vango Mining Limited announced further high-grade gold intersections from drilling at the Skyhawk open-pit target as part of its open-pit focused drilling campaign at the Company's Marymia Gold Project in the Mid-West region of Western Australia. The latest assay results are from 6 reverse circulation (RC) drillholes for a total of 1,014m at the Skyhawk open-pit, as part of Vango's second-phase of drilling at priority open-pit targets. Significant gold was intersected in 5 of the holes including the following wide and high-grade gold results: 15m at 3.5 g/t Au from 113m in VSKRC0010 incl.

7m at 6.6 g/t Au from 119m and 12m at 2.4 g/t Au from 110m in VSKRC0009 incl. 1m at 7.6 g/t Au from 118m. These results are highly encouraging.

They are supported by several other zones showing the potential for an economic resource in the area below the previously mined laterite material at the Skyhawk open-pit, including 1m at 2.2 g/t Au from 85m in VSKRC0008, 1m at 1.2 g/t Au from 126m in VSKRC0009, 4m at 1 g/t Au from 144m in VSKRC0009, 1m at 1 g/t Au from 141m in VSKRC0010, 1m at 1.7 g/t Au from 162m in VSKRC0012, 4m at 1.5 g/t Au from 64m in VSKRC0013 and 1m at 1.2 g/t Au from 81m in VSKRC0013. The intercepts in holes VSKRC009 and 10 are located close to the previously announced result in VSKRC0007, from the first phase of drilling at Skyhawk last year,3 which returned 16m @ 4.4 g/t Au, from 54m in VSKRC0007, including 6m @ 8.2 g/t Au. These results extend an excellent zone of mineralisation from historical drilling previously reported from Skyhawk4 18m @ 2.0 g/t Au, from 76m in DSHRC0023, including 1m @ 8.5 g/t Au 16m @ 3.5 g/t Au from 132m in DSHRC0014 12m @ 2.5 g/t Au from 65m in DSHRC0004 7m at 4.6 g/t Au from 67m in DSHRC0015 5m at 6.4 g/t Au from 84m in DSHRC0015.

Vango's drilling results at Skyhawk demonstrate the continuation of a significant zone of near-surface gold mineralisation, which has extended the mineralised zone at Skyhawk. Skyhawk is the first open-pit targeted in the second-phase of drilling at priority open-pits identified in the Company's open-pit focused drilling campaign. Vango has 11 targeted open pits not currently part of the Marymia JORC 2012 resource, which stands at 1.02Moz @ 3.0 g/t Au5, in this extensive ongoing drilling campaign.

It is designed to add significant near-surface resources amenable to open pit mining, as part of any potential future mining operation at the Marymia Project. Vango is delighted with the results of this second round of drilling at the Skyhawk target, which has reaffirmed and strengthened its significant open-pit potential. These results will be modelled to determine the full controls on this significant wide gold zone and plan further targeted drilling at depth.

Vango targeted 11 priority open-pits in an extensive open-pit focused drilling campaign, commencing in H2, calendar 2021. Drilling was designed to add resources to the substantial existing Marymia resource base, and to assist in delivering `critical mass' to Marymia's resource base to support a proposed stand-alone mining operation at the Project. The first phase of drilling in all 11 open pits has been completed and consisted of 8,914 metres of RC drilling across 56 holes.

All results from the first-phase campaign have been received and reported. Vango will now conduct follow-up, second phase drilling at targets that delivered positive results from the completed first round of drilling, to test for further extensions of gold mineralisation to add to the Marymia resource base. Second-phase drilling has already been competed at the Skyhawk and Parrot open-pits.

Results from drilling at Skyhawk are reported in this announcement and results from the Parrot open-pit are pending.