Cannindah Resources Limited to report the full result of vertical hole # 4, in the northern sector of the Mt Cannindah copper-gold-silver breccia deposit. A high grade primary copper section, occurring below the previously reported supergene zone has returned 36m @ 1.4% Cu, 1.04 g/t Au, 25 g/t Ag at a shallow depth of 25m to 61m. Within this primary zone, a chalcopyrite rich higher grade section, from 31m to 54m, returned 23m @ 1.71% Cu, 1.36 g/t Au, 29.8 g/t Ag.

A particularly rich section returned 2m @ 4.02% Cu, 6.81 g/t Au,69.4g/t Ag (52m-54m). Further down hole, a deeper primary zone returned 11m @ 1.52%Cu, 0.44 g/t Au, 49.8 g/t Ag (79m-90m). The total mineralised intercept from Hole 4, incorporating the previously reported supergene zone aggregates to 81m @ 1.3% Cu, 0.6 g/t Au, 22.5 g/t Ag, pretty well from surface (13m to 94m) with a gold and silver oxide zone at surface.

Further results from holes 5 through to 8 will be provided as they are completed and reported. Hole 8 has now been completed and they have commenced hole 9 in the north-east section of the Mt Cannindah prospect. This hole is designed to open up the northern extent of the project area where there has been limited historical drilling.

Hole 8 is 200 meters to the south of the collar of hole 9. Cannindah Resources Limited (‘Cannindah', ‘CAE') announced the next set of completed assay results from the drilling program currently underway at Mt Cannindah, copper gold silver project south of Gladstone near Monto in central Queensland pertaining to full results for hole 21CAEDD004. As previously stated the intention of this hole was to probe for the existence of a supergene zone sitting above high grade primary copper. As previously stated CAE's 2021-2022 drilling program is planned such that it may extend the current JORC resource, test the continuity of higher-grade copper zones within the project area and possibly identify new areas of interest for follow up and potential in-fill drilling.

CAE has made major revisions to the original planned drilling program after Intersecting copper mineralisation over hundreds (100's) of metres in the first 8 holes to date. The high copper grades, with silver and gold credits from hole 21CAEDD004 will build confidence in the grade model for the northern sector of the resource at Mt Cannindah. The collars of holes 3 & 4 start off in the order of 10m apart, however, given the relative directions of the holes, with hole 3 drilling away from vertical hole 4, the hole traces are in the order of 40m to 50m apart, at around 100m downhole.

CAE hole # 4 was also successful in achieving its other aims, which were to obtain more information on the nature and continuity of the supergene zone and high grade primary chalcopyrite occurring below it, as well as provide a clearer picture of the footwall structural contact on the eastern side of the Mt Cannindah Breccia. The data gaps filled by this hole should provide incremental additions to the ore-blocks in this area. Significant primary chalcopyrite bearing breccia was intersected below the supergene zone down to a depth of 94m or so in hole 21CAEDD004.

Copper gold silver mineralisation has also been noted in holes 5 to 8 and results will be reported as they become available. An ongoing drilling program will continue to follow up these very encouraging results at Mt Cannindah.