Manhattan Corporation Limited provided an update on completed diamond drilling at the Tibooburra Gold Project located in the far north-west of NSW. New Bendigo Diamond Drilling MHC completed Diamond Drilling at New Bendigo "Main Zone" in July 2022 with a total of four diamond holes (NBD0004-0007) and two diamond tails of previously drilled RC holes (NB0107 & NB0123) for 709.8 metres of core and 111.8m of rotary mud (RM) precollars. Drilling was focused on evaluating the high-grade mineralisation that is interpreted to be associated with plunging veins and or shoots that has returned significant results and formed part of the structural review.

MHC has now received all assays, with peak results being returned of: 24m at 3.55 g/t Au from 82m (NBD0005), including 4m at 20.11 g/t Au from 96m, including; 1m at 70.2 g/t Au from 96m; 2m at 2.03 g/t Au from 145m (NB0123); 4m at 1.10 g/t Au from 104m (NBD0004); 4m at 1.44 g/t Au from 198m (NBD0004). MHC plans to complete a further 1,500 metres of Reverse Circulation (RC) drilling in the coming weeks utilising the recently completed initial structural model to define further high-grade mineralisation that has previously been intersected in drilling, including: 30m at 4.03 g/t Au from 11m, including 5m at 20.86 g/t Au (NB0033) 16m at 13.89 g/t Au from 1m, including 3m at 69.20g/t Au (NB0083); 8m at 40.5 g/t Au from 70m, including 3m at 105.34 g/t Au (NB0089); 7m at 13.10 g/t Au from 97m, incl. 5m at 18.01 g/t Au (NB0113); and 13m at 6.16 g/t Au from 50m, incl.

3m at 25.48 g/t Au (NB0122). Planned RC Drilling: As a result of the structural review, MHC plans to complete a further 1,500 metres of RC drilling at New Bendigo, with the holes to have further downhole "Televiewer" photography collected post drilling. Televiewer formed an important role in understanding the controls on mineralisation at New Bendigo, given that the friable aspects of recovered diamond core meant that collection of structural measurements within the mineralised zones was generally ineffective.

In conjunction with the Structural Consultants, MHC has planned several holes to test the structural hypothesis. Drilling will focus on testing high grade material, specifically mineralisation associated with the intersection of the regional penetrative and intersecting fabric proximal to mineralisation and where the foliation/vein intersection has not been intersected or tested in the surrounding holes, including: Mineralisation intersected in three holes NB0033 (30m at 4.03, including 5m at 20.86 g/t Au), TIBR-12 (22m at 4.94 g/t Au) and TIBRB-235 (6m at 9.35 g/t Au); Mineralisation intersected in four holes NB0021 (2m at 17.3 g/t Au), NB0113 (7m at 13.10, incl. 5m at 18.01 g/t Au) and NBD0005 (visible gold intersected in recent diamond drilling, assays pending); Mineralisation intersected NB0083 (16m at 13.89, including 3m at 69.20g/t Au); Mineralisation intersected NB0089 (8m at 40.5, including 3m at 105.34 g/t Au); and Mineralisation intersected NB0105 (63m at 1.33, including 9m at 7.22 g/t Au).

New Bendigo Structural Study The recently completed initial stage of the structural study identified: That intersection lineations between the regional shear foliation (penetrative fabric) and cross-cutting structural features such as veins and discrete shears may exert a plunge control on gold mineralisation, potentially promoting the formation of high-grade shoots; and The lower grade material intersected within the dominant shear (New Bendigo Fault Zone), may be related to bleeding/remobilisation of the higher-grade mineralisation proximal (up and down) the predominant shear fabric from high-grade mineralisation that has been formed from the intersection lineations. The structural study was undertaken under the supervision of MHC's Structural Consultants led by Dr John Beeson (Geoscience Now) and Mr. Peter Croft (Brockman Solutions) included field mapping, a review of the recently acquired diamond core and the acquisition and interpretation of televiewer data of selected holes. Mapping completed of the surface outcrops at New Bendigo identified a strong, NNW-trending penetrative fabric associated with the Koonenberry Fault, with numerous quartz veins oriented sub-parallel to the penetrative fabric.

A number of steeply-dipping, cross-cutting quartz-rich tensional veins have also been mapped and observed in core, varying in trend between NE-SW to ENE-WSW, together with discrete cross cutting shears developed at an acute clockwise angle to the penetrative fabric. On the basis of this information, a three-dimensional (3D) model was created to assess the relationship between the various structural features and existing drilling coverage proximal to the new Bendigo workings. The model suggests that high grade gold mineralisation is related to the penetrative fabric, the fabric sub-parallel quartz veins, with cross cutting quartz veins and discrete shears potentially associated with high-grade intercepts.

The Structural Consultants' Interpretation of this model is that intersection lineations between these structural elements may exert a plunge control on gold mineralisation, that may promote formation of discrete high-grade shoots within the shear system. Further drilling is required to determine whether the high-grade mineralisation shows continuity along the penetrative fabric and sub-parallel quartz veins or the cross-cutting structures, or both. Clone RC Drilling During late 2020, MHC commenced progressing a Land Access Agreement with the NSW National Parks and Wildlife Service Park Service (NSWPS), where NSWPS is the Registered Land Holder of a sub-leased pastoral lot of land, to undertake RC drilling on its Clone Prospect.

On 23 August 2022, MHC received consent from NSWPS under National Parks & Wildlife Act 1974 (NSW) to undertake proposed exploration activities at Clone along with an access arrangement for the purposes of the Mining Act 1992 (NSW). MHC is now in the final stage of securing access to Clone and plans to complete initial RC drill testing at Clone as part of the RC programme to be completed at New Bendigo following the structural review. Clone is located approximately 7 km to the NNW of New Bendigo.

Clone comprises historical mining shafts down to an estimated 20-40 metres below surface, covering a similar extent of strike (450 metres) to that found at New Bendigo's "Main Zone". "Clone" occurs within a similar geological setting (lithological and structural) to "Main Zone" and has reported historical rock chip sampling of quartz vein material of up to 25.6 g/t Au (Sample No. AGC000918 584,403E, 6,725,513N MGA94_Z54).

Further historic trenching that has been undertaken 150m east of the main line of historic workings has uncovered further untested mineralised veins, the area has yet to be drill tested.