Constellation Resources Limited provided the following update on its exploration activities at the Orpheus Project in the Fraser Range of Western Australia. AIRCORE DRILLING AND PETROLOGICAL SAMPLES - E28/2403. Air-Core Drilling: The latest AC infill drilling program was completed during March for a total of 1,535 metres with 13 effective holes reaching basement of a proposed 20-hole program. The infill drilling program targeted a number of Ni-Cu-Co-PGE geochemical footprints including the extensive (3km by 0.4km) Eyre Anomaly. Assays for the latest AC program are pending. The Company plans to recommence AC drilling this quarter, with an aim to complete the northern Eyre Anomaly infill holes to approximately 100 metre centres. The results from the current and proposed AC drilling programs will be processed to optimize the locations of an anticipated reverse circulation ("RC") drilling and downhole electromagnetics program. Petrological Samples Additional optical petrological analysis by Minerex Services Pty Ltd. from holes KAC0082 and KAC0147 located within the middle and northern sections of the Eyre Anomaly, have confirmed trace levels of magmatic Ni-Cu sulphides hosted in fertile olivine gabbronorite intrusive units. Combined with previously reported Eyre Anomaly petrology results at the southern end of the anomaly, the magmatic Ni-Cu sulphide occurrences have now been identified over a 2km strike length. The Ni-Cu sulphide occurrences in addition with the associated pathfinder (Ni-Cu-Co-PGE) regolith anomaly, both track along the base of an interpreted large, and highly prospective fertile olivine bearing intrusion suite. The link between nickel sulphides with associated pathfinder geochemistry is considered highly promising. The results underscore the nickel sulphide fertility of the intrusions and its prospectivity to potentially host an economically viable deposit in the tenement area. HISTORIC MCPHERSON PROSPECT - E63/1282, The company recently completed a review of historic and newly released open file work programs over its tenement, E63/1282 and as such has reassessed the prospectivity of the historic McPherson Prospect ("McPherson") located in the north-east corner of the tenement. McPherson is a coherent Ni-Cu soil anomaly that resides directly above a north-west trending magnetic unit that could represent a favourable intrusive unit to host nickel sulphides. McPherson is located 30km south west of Independence Group Limited's Nova nickel mine. The McPherson soil anomaly was originally delineated by Enterprise Metals Limited ("Enterprise") in 2013. The soil anomaly was defined on a 200 metre x 100 metre grid with individual maximum values reported up to 104ppm Ni, 73ppm Cu and 28 ppm Co. Enterprise also reported the results of a helicopter borne electromagnetic survey system ("HeliTEM") that covered the areas of anomalous Ni-Cu soil geochemistry. Analysis of the HeliTEM data indicated a number of second order late time electromagnetic responses, some of which were coincident with the Ni-Cu anomalies at the McPherson area. All late time responses generated by this program remain untested by drilling. A recent reconnaissance trip by the Company has confirmed the area around McPherson has no outcrop and the basement units are concealed under cover. No historic drill holes were identified or surface cultural effects that may lead to false positive airborne electromagnetic responses. Three small soil traverses were also completed by the Company comprising 21 samples over the McPherson Ni-Cu soil anomaly for Au and PGEs (historically no PGE results have been collected over the tenement). Low order results up to 7ppb Au and 2ppb (Pt+Pd) were returned (Refer to Appendix 1 for details results). In light of the above review, a high priority surface high powered moving loop electromagnetic survey ("MLTEM") has been approved by the Company to cover the McPherson soil anomaly and ground truth selected airborne electromagnetic anomalies of interest. The proposed MLTEM survey comprises of 13 lines for 14.5kms and is expected to commence in the coming weeks. If a MLTEM bedrock conductor of interest is identified, RC drilling is proposed as the next step as cover is not thought to be excessive.