White Rock Minerals Limited provided an operational update on progress at the high-grade Morning Star Gold Mine in northeast Victoria as it works towards becoming a gold producer in the next few months. White Rock's primary objective at the Morning Star Gold Mine is a low capital cost restart of gold production from multiple reef locations. The existence of an underground mine with infrastructure already in place (shaft, headframe and winder, dewatering system and off-shaft development), and a gold processing plant already built, offers the Company a quick pathway to gold production.

This allows the Company to leapfrog man the issues associated with a company going from explorer to producer - the time to achieve the necessary approvals and permits, supply chain challenges, ordering and delivering long lead times and cost inflation and construction risks. The Company seeks to achieve this by identifying and drilling areas of the dyke with potential to ho multiple high-grade gold quartz reefs proximal to existing underground development infrastructure. The Company has been successful with this objective to date, having drilled over 9,000 metres sin October last year, from both the surface and underground.

This drilling has identified up to five potential reefs for exploitation - the Dickenson, Exhibition and Stacpoole Reefs - which can all be accessed from 4 Level, and the Whitelaw's North and McNally Reefs which can be accessed from 8 and 9 Level. Exploration will continue to progress from underground, where the drill rig is currently completing a broad first pass assessment of the Gap Zone's potential to host significant mineralised quartz reefs. The Gap Zone represents an area with 200 metres of vertical extent between areas of historic mining that occurred above 10-level (>500,000 ounces) and below 14-level (>300,000 ounces), with historic production of 883,000oz gold at 26.5g/t. Drilling to date has provided significant encouragement that multiple mineralised quartz reefs are distributed throughout the Gap Zone.

Drill hole 22GZL9013 returned 0.4 metres at 621g/t gold (20 ounces per tonne of gold) from a quartz reef interval with abundant visible gold previously reported from the Gap Zone2. This result confirmed White Rock's priority of targeting high-grade gold for drill testing in the Gap Zone. This result was from the first significant hole drilled by White Rock into the host dyke body.

Earlier drilling, at the very northern margin of the host dyke, revealed at least 10 quartz reef structures. This first-pass drill program will provide sufficient data to assess and identify those quartz reefs with the greatest potential for more detailed follow-up drilling.