First Tin PLC announced that regional exploration conducted in parallel with the Definitive Feasibility Study ("DFS") at its Taronga Tin Project ("Taronga") in Australia, has shown excellent potential for satellite deposits in the Company's large tenement holdings in the district. The project is owned by First Tin's 100% owned Australian subsidiary, Taronga Mines Pty Ltd. The region is well mineralised with tin and has historically produced over 83,000t tin in concentrate between 1872 and 1984. Mineralisation is believed to be related to the late stages of emplacement of the Mole Leucogranite, a large, complex, multiple granite intrusion located north of Emmaville in northeast New South Wales.

Many old tin workings, both primary and eluvial/alluvial are known in the district and several zones of sheeted tin greisen veins, similar to the Taronga tin deposit, have been located by previous workers. TMPL has focussed most of its effort to date on the Taronga deposit itself, and has recently conducted soil sampling over the deposit designed to: Obtain a reference for comparison with other mineralisation in the region. Ensure no mineralisation occurs in areas of planned infrastructure, including waste rock emplacements and tailings co-disposal areas.

Identify any nearby targets that may be potential satellite feed for the Taronga tin processing facility. Following this, TMPL compiled results of soil sampling conducted by previous explorers, conducted its own soil sampling over the Pound Flat prospect, and conducted rock chip sampling over the Battery Hill prospect.