Constellation Resources Limited (the "Company" or "Constellation") reported further positive results from its 16-hole air-core ("AC") drill program undertaken at one of five promising nickel-copper-cobalt-platinum group elements ("Ni-Cu-Co-PGE") targets in late 2020 on E28/2403 (70% Constellation, 30% Enterprise Metals Limited). Infill results in conjunction with previously reported reconnaissance AC results define a highly promising Ni-Cu-Co-PGE geochemical anomaly that is interpreted to be over three kilometres in strike and up to 400 metres wide ­ named the Eyre Anomaly. Infill assay results confirm further encouraging Ni-Cu-Co-PGE regolith anomalism.

Key results include: KAC0124: 18m @ 0.21% Ni, 0.02% Cu and 0.05% Co, 14 ppb (Pt+Pd) from 87m including: 2m @ 0.47% Ni, 0.26% Cu and 0.08% Co, 11 ppb (Pt+Pd) from 97m and KAC0124 is approximately 145 metres from KAC0091 which intersected 21m @ 0.21% Ni, 0.08% Cu and 0.03% Co, 52ppb (Pt+Pd) from 93m to bottom of hole ("BOH") in the maiden AC program. The infill AC program was highly successful in validating the prospectivity of the Transline tenements, with the identification of magmatic nickel and copper sulphides within a peridotite and pyroxenite (olivine bearing) host rocks in three holes KAC0124, KAC0131 and KAC0135. Strong evidence for magmatic nickel sulphides as being the source of the Eyre Anomaly which supports the prospectivity of the other established Ni-Cu-Co-PGE anomalies as a pathfinder to nickel sulphides in the basement intrusive.

High priority follow-up infill AC drilling planned to improve definition of the grade distribution at each of the established Ni-Cu-Co-PGE geochemical footprints, with the northern Eyre Anomaly being a priority. Company remains well-funded for all planned activities.