Inflection Resources Ltd. outline the next series of high-priority copper-gold alkalic porphyry projects to be drill tested in Northern New South Wales, Australia. The Company is currently preparing to mobilise a drill to test an additional five targets, three of which have not previously been drill tested, and two of which follow-up highly encouraging alteration and geochemistry previously drilled by the Company. The planned drill program is part of the Company's ongoing initiative to explore the northern covered extension of the Macquarie Arc, primarily for previously unrecognised alkalic porphyry systems. All of this next group of targets are fully permitted with drilling expected to recommence in the coming days.

Duck Creek - EL 8965: The Duck Creek project is a large alkalic porphyry-related copper-gold style target. This 4.5 x 5.0-kilometre target area covers favourable magnetic and gravity features identified by geophysical surveys which the Company interprets to be part of the prospective Macquarie Arc volcanic sequence. The broad target area comprises a large gravity low embayment within the large regional magnetic high which the Company interprets to reflect the northern extension of the Macquarie Arc.

The Company considers the geological setting highly analogous to the Northparkes mine located approximately 210 kilometres to the south. Specifically, the Company has identified high amplitude, complex, curvilinear magnetic patterns very similar to those typical of the intrusion-related signatures of the Macquarie Arc mineralized districts. Furthermore, the target area is marked by a distinct 10 x 15-kilometre gravity low similar to the signature which marks the extent of the Northparkes intrusion complex.

None of the areas the Company plans to drill have previously been tested. Fairholme - EL 8422: The Fairholme project is a large alkalic porphyry-related copper-gold style target. The principal, priority target at Fairholme was scheduled to be drilled in late 2021 but was delayed due to an extended period of unseasonal wet weather.

Fairholme is a large 4 x 2-kilometre target with a deep, low magnetic susceptibility central zone over a deep, high magnetic susceptibility cylindrical body identified by inversion modelling of high- resolution airborne magnetic data. The target is suggestive of a zone of magnetite enrichment similar to that associated with other porphyry-related copper-gold deposits. Meringo - EL 8422: Meringo is a porphyry-related copper-gold target defined from detailed geological interpretation of aeromagnetic data and extensive research into the controls of mineralisation in the exposed parts of the Macquarie Arc.

High resolution, 100-metre spaced aeromagnetic data flown by Inflection over the target area exhibits characteristics interpreted to represent zones of magnetite enrichment and depletion, suggestive of porphyry intrusions at depth below an unconformable sequence of younger limestones. The interpretation of the aeromagnetic data suggests this target has a signature similar to that manifest above other Macquarie Arc porphyry-related copper-gold deposits. Previous drilling in the target area did not drill through the cover sequence of post-mineral limestone, leaving the target untested.

Inflection announced on March 4, 2022 that it had received a drilling grant for AUD 98,000 to drill the Meringo target as part of the New Frontiers Cooperative Drilling program from the Government of New South Wales. Marra (Canoba) - EL 8695: The Company plans to drill test the Marra Zirconium-REE target interpreted to have characteristics analogous to the Jurassic aged Australian Strategic Metals (ASX.ASM) Dubbo (Toongi) Project located approximately 180 kilometres to the southeast. Inflection announced on March 4, 2022 that it had received a drilling grant for AUD 43,120 for the Marra target as part of the New Frontiers Cooperative Drilling program from the Government of New South Wales.

Inflection will drill test the concept of an inferred intrusion at depth under a sequence of post- mineral sedimentary cover. A circular magnetic low evident in the regional data located between the two previous Inflection drill holes is inferred to potentially represent an alkaline intrusion. Inflection drill hole MARDH001 returned 30.0 metres grading >500 ppm Zirconium (Zr) (above upper analytical detection limit), 100 ppm Cerium (Ce), 18 ppm Dysprosium (Dy), 11.7 ppm Erbium (Er), 56.4 ppm Neodymium (Nd), 12.9 ppm Samarium (Sm), and 11.3 ppm Ytterbium (Yb).

Hole MARDH002 intercepted 7.5 metres grading 378 ppm Zr, 127 ppm Ce, 18.7 ppm Dy, 11.1 ppm Er, 66.2 ppm Nd, 14.8 ppm Sm, and 11.2 ppm Yb. Zirconium and REE's are considered highly strategic and are in high demand for a range of clean energy and different technologies. Further details of the Marra target can be found in Inflection news release dated September 23, 2021.

Trangie - EL 8771: Trangie is a large alkalic porphyry-related copper-gold style target which the Company has tested with a series of shallow penetrating bedrock core holes. Drilling has returned widespread, favourable potassic-style alteration, manifest by biotite-magnetite, which remains indicative of proximity to an intrusion-related system over several kilometres that the Company considers typical of an alkalic porphyry environment. Recent ongoing work by Inflection, to assist in vectoring additional drilling, includes a MIMDAS geophysical survey and green rock and sulphur isotope geochemistry studies.

The recently completed MIMDAS geophysical survey (chargeability, resistivity and conductivity) over the southwest side of the Trangie target highlighted a zone of elevated resistivity, although additional modelling is required to fully understand the significance of these features. Analysis of drill core taken from the Trangie target area suggests the presence of multiple hydrothermal alteration cells at the district scale. Alteration intersected at Trangie is confirmed as a strong hydrothermal signature with a distinct porphyry affinity and trace element enrichment similar to that observed around the mineralised Cadia and Northparkes districts.

Drilling will focus on the south-west of the project which green rock, sulphur isotope, geochemical, geophysical and hydrothermal alteration data have vectored towards an area of specific interest.