Corella Resources Ltd. advised that 54 holes totaling 1,021m resource definition and exploration drilling has been completed at the Company's 100% owned Tampu kaolin project, located near Beacon in Western Australia. The Company is also pleased to report two major new bright white kaolin discoveries at the Whitecap and Whitehills prospects located just 2km and 19km respectively from the existing Tampu deposit. The resource definition and exploration drill program was designed to upgrade the 24.7Mt of Inferred Mineral Resource1 into Indicated /Measured Resource categories and conversion into Mineable Reserves.

These Reserves will be used to underpin a Pre-Feasibility Study for the Tampu Project. 47 infill holes for a total of 892m were drilled within the current inferred resource footprint at Tampu and designed to increase the geological confidence level of resource and conversion into Mineable Reserves. Refer to Annexure A for drill hole details.

Bulk test from core will help advance offtake discussions and results will feed into feasibility study for the Tampu Project. In addition to the resource drilling, a further 7 exploration aircore holes for 129m were drilled, using local contractors Westside Drilling. All holes intercepted bright white kaolin, refer to Annexure B for drill hole details.

5 of these holes were drilled at the Whitecap Prospect located 2km south south west of the Tampu Deposit, and 2 holes were drilled at the Whitehills Prospect, approximately 19km East of the current Tampu Deposit. All 7 holes intercepted bright white kaolin at shallow depths. No historical drilling has occurred between these prospects and the Tampu Deposit.