The Company is pleased to report it has completed a 27 hole Reverse Circulation (RC) program for 2,483m of drilling on the Credo Project (Credo or Project).

Encouraging results received for the first 17 holes, with best results including The drilling program was designed to test >1km strike within a >2.5km interpreted high-grade gold corridor coincident with the hinge of an antiform structure, specifically targeting: down dip mineralisation at the northeast trending Credo North West and Credo Well resource areas and the potential for repetition of similar style northeast trending structures within the high grade gold corridor identified from strong gold in soil anomalies defined earlier this year (ZAG ASX Ann. 21/01/2021).

The Project is located 5km west of Norton Goldfield's Paddington Gold Mine and is a Joint Venture with Torian Resources Limited operated and managed by Zuleika Gold.

A majority of the remaining 10 holes were shallow RC designed to identify potential repeat structures to further enhance these resources. Zuleika Gold's geology team is already modelling the latest results and planning a follow up drilling campaign to further define these results and extend the Credo Gold Project JORC Resources.

Ms Annie Guo, the Managing Director of Zuleika Gold said: 'The extension to the Credo Well North mineralisation which supports the JORC Inferred Resources reported to shareholders on 2nd June 2020, continues to show the strong potential of this area. The best intercept from the recent RC drilling from this zone was 7m @ 5.22 g/t Au from 89m, including 2m @ 14.92 g/t Au. The Credo Well Project is an important part of Zuleika's impressive gold portfolio in one of the World's premier gold terrains. Our commitment to systematically explore our portfolio of assets is consistently returning excellent results.' Authorised for release by

Contact:

Tel: (07) 5457 0557

Email: admin@zuleikagold.com.au

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