Marmota (ASX: MEU) is very pleased to announce the latest assay results from the two-part extensional RC drilling program at Aurora Tank.

Discovery of new high-grade zone The highlight of the extensional program is the discovery of a new high-grade zone running roughly parallel to and beneath the NW flank. It features multiple contiguous high-grade intersections including the 2m @ 17 g/t gold (Part 2 drilling) and 2m @ 112 g/t gold (Part 1).

Purpose of program: Aurora Tank Program was designed to either close off or expand known mineralisation as MEU seeks to define the possible extent of an open pit at Aurora Tank. Program was entirely extensional, testing either the limits of known mineralisation, or depth extensions. This is the 10th successive program (AC or RC) at Aurora Tank - all of which have yielded high-grade gold

Marmota Chairman, Dr Colin Rose, said: ' Aurora Tank continues to grow, now with a new high-grade zone underneath the NW flank that features our highest ever intersections. A key role of the extension program was to either close off or extend a number of high-grade mineralised zones, so that we can progress Aurora Tank to an initial open pit design. That drilling is now predominantly done. The high-grade open intersections that remain untested will most likely lie outside an initial open-pit that is now our primary focus. They are earmarked for follow-up, but they will not delay our progress in developing Aurora Tank as an open-pit mine. We are very fortunate that Aurora Tank combines such high-grade intersections that are predominantly close to surface, with excellent metallurgy, making Aurora Tank amenable to low-cost low capex open-pittable heap leach methods. '

Contact:

Email: colin@marmota.com.au

About Marmota

Limited Marmota Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company's dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company's copper project is based at the Melton project on the Yorke Peninsula. The Company's uranium JORC resource is at Junction Dam adjacent to the Honeymoon mine.

Competent Persons Statement

Information in this Release relating to Exploration Results is based on information compiled by Aaron Brown, who is a Member of The Australian Institute of Geoscientists. He has sufficient experience relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.' Mr Brown consents to the inclusion in this report of the matters based on this information in the form and context in which they appear. Where results from previous announcements are quoted, Marmota confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed

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