Emu NL advised the commencement of drilling at the Monte Cristo Gold Prospect, Yalgoo. The Gnows Nest drilling programme is planned for the January-February 2021 period. The reverse circulation (RC) drilling is being undertaken by Orlando Drilling. EMU has planned an approximate 9,000m RC drilling programme directed at verifying historic high-grade gold drilling intercepts at the Monte Cristo Gold Prospect and to build on and extend the defined Mineral Resource at the Gnows Nest Gold Project. Drilling Programme At Monte Cristo Gold Prospect: The recently acquired Monte Cristo Gold Prospect abuts the northwest boundary of the Gnows Nest historic high-grade gold mine, which EMU has contracted to purchase subject to conditions. The adjoining Monte Cristo Gold Prospect is located on the extension of the same structurally complex greenstone belt that hosts the Gnows Nest gold mine. EMU's strategy at the Monte Cristo Gold Prospect is to confirm and verify the historic drill intercepts and test for depth and strike extensions to that mineralisation. Most of the focus of the programme will be on testing for the possible occurrence of economic mineralisation at the historic Monte Cristo gold mine. However, drilling is also planned at various other targets including old mine workings along a further 1,500m of strike extent within the Monte Cristo tenements. EMU has planned approximately 2,500m of RC drilling for the Monte Cristo Gold Prospect area. First assay results from the drilling are expected by the end of January or the first week in February 2021. Drilling Programme at Gnows Nest Gold Mine: EMU has provisionally scheduled a resource definition RC drilling programme at the Gnows Nest Gold Mine. That programme is designed to extend and build upon the previous shallow drilling activity completed by Coruscant Minerals Pty Ltd. (the holder of the mine and which company is the subject of a contract of sale under which EMU is the purchaser) in 2018 and 2019, which outlined an Indicated and Inferred Resource of 113,400t at 3.78g/t Au for 13,777oz Au. EMU has, subject to conditions, including any required shareholder approval, secured the contractual right to purchase Coruscant, the holder of the high grade Gnows Nest Gold Mine. Pre-completion (of the purchase of Coruscant) drilling at Gnows Nest requires Coruscant' consent which has been obtained.