Kalgoorlie Gold Mining provided an update on the company's Perrinvale Project, located 85 km west of Leonora in the Eastern Goldfields of Western Australia. A cultural heritage survey over designated target areas did not identify any notable sites. The survey was undertaken by an anthropologist supported by six local Aboriginal elders.

The Traditional Owners (TOs) were satisfied that sufficient time was available to conduct the in-field inspection and discuss the outcomes of the initial desktop survey and associated mapping. The TOs confirmed they were not aware of any cultural sites within the designated exploration target areas, and no new sites were identified as a result of this survey. The Perrinvale Project area is not presently subject to any Native Title claims. A series of exploration target areas have been identified by KalGold during a comprehensive review of historic exploration activities that covered the Perrinvale project tenure.

Past exploration has been sporadic, and the depth of cover in some areas was not fully appreciated at the time of its execution. This leaves several targets where gold anomalism has not been followed up and is ready for KalGold to examine. Pine Well is the principle area of interest at Perrinvale and will likely be the initial focus of forthcoming exploration activities.

Still under assessment, widely spaced auger drilling appears to define gold anomalism near outcrop in the centre of the target area. The auger anomalism at Pine Well has never been drill tested and is presently undergoing assessment for future exploratory activity. Additionally, several conceptual targets from geophysical interpretation of magnetic datasets are present in the Pine Well target area.

Assay results for samples collected from KalGold's recent RC drill program at Bulong Taurus are progressing through the laboratory. During the program, a conceptual model for down-dip, high-grade gold mineralisation was tested at the outcropping La Mascotte prospect, and two recent, shallow gold discoveries were followed up for the first time. Alteration and sulphides that are consistent with gold mineralisation were noted at each of the drilled targets.

The Company will inform shareholders of the results as they come to hand.