Karora Resources Inc. announce further results from gold exploration and infill drilling targeting the growing Fletcher zone at the Beta Hunt Mine: The Stage 2 drill program targeting the northern end of Fletcher South has extended high grade mineralized intersections a further 100 metres north of previously announced drill results (see Karora news release dated February 22, 2024). Drilling was highlighted by one of the highest grade intersections recorded to date at Fletcher in drill hole WF380ACC-17AE which intersected 17.3 g/t over 14.5 metres with some clusters of fine visible gold observed in the drill core Drilling over the past 12 months has now defined Fletcher mineralization over 800 metres north of the Alpha Island Fault with potential to extend a full 2.2 km of strike to the northern lease boundary. Fletcher Stage 3 drilling has commenced targeting the 300-metre strike length between the recently completed northernmost drill line to the 2016 Discovery Hole (WF14-98).

Intersection1 highlights are summarized below: WF380ACC-17AE: 17.3 g/t over 14.5 metres including 35.3 g/t over 6.0 metres. WF380ACC-15AE: 6.2 g/t over 6.9 metres and 3.5 g/t over 16.0 metres. WF380ACC-13AE: 6.2 g/t over 8.0 metres and 3.7 g/t over 15.0 metres.

WF380ACC-17AE: 5.3 g/t over 10.0 metres. WF380ACC-13AE: 19.9 g/t over 2.0 metres. results include one best grade x length results to date from Fletcher of 17.3 g/t over 14.5 metres, including 35.3 g/t over 6.0 metres in hole WF380ACC-17AE.

Exploration team has now extended the defined mineralized extent of the Fletcher Zone by 100 metres for a total strike of 800 metres north of the Alpha Island Fault, with excellent potential to extend along strike up to 2.2 km to the property boundary. Currently, four parallel mineralized zones have been interpreted across a 400 metre width with potential for additional parallel zones in the remaining 300 metre width to the western boundary. Stage 3 drilling at Fletcher is already underway to further extend both the strike length and width of the defined mineralization.

These results support both extending and increasing confidence in the Fletcher South Zone with the ultimate goal of completing sufficient drilling to produce a maiden Mineral Resource for Fletcher. The Stage 2 drilling was completed in late April 2024, comprising 9 holes totalling 5,705 metres and focused on extending the northern margin of Fletcher South, adjacent to previously released drill intersections (WF405ACC-48AE - 4.8 g/t over 32 metres and WF405ACC-49AE - 3.6 g/t over 34.5 metres - see Karora news release dated September 12, 2023). Significant intersections are summarized below: WF380ACC-17AE: 17.3 g/t over 14.5 metres including 35.3 g/t over 6.0 metres, 5.3 g/t. over 10.0 metres and 3.5 g/t over 12.0 metres.

WF380ACC-15AE: 6.2 g/t over 6.9 metres and 3.5 g/t over 16.0 metres. WF380ACC-13AE: 6.2 g/t over 8.0 metres, 3.7 g/t over 15.0 metres and 19.9 g/t over. 2.0 metres.

WF380ACC-10AE: 5.0 g/t over 6.0 metres. WF380ACC-14AE: 8.9 g/t over 3.0 metres. Results received from the northern-most line of drilling which includes drill holes WF380ACC-17AE and WF380ACC-15AE shows the Fletcher gold system continuing to grow to the north, highlighted by one of the highest grade intersections ever-recorded at Fletcher - 17.3 g/t over 14.5 metres, including 35.3 g/t over 6.0 metres.

Mineralization is associated with biotite-pyrrhotite>>pyrite altered basalt with some clusters of fine visible gold observed. Interpretation of the drill results indicates Fletcher comprises multiple parallel gold mineralized zones extending over 400 metres across strike with up to four mineralized zones identified on the most northern section from the recently completed drilling. Potential also exists for additional lodes to be discovered between the current western extent of drilling and the western sub-lease boundary.

This new understanding of Fletcher underlines the opportunity for it to grow into Beta Hunt's gold system. Currently Fletcher mineralization has potential to extend over 2.2 km of strike and remains open at depth.