Moho Resources : Exploration Update - Tyrells And Hodges Gold Prospects

EXPLORATION UPDATE - TYRELLS AND

HODGES GOLD PROSPECTS

KEY POINTS:

13 April 2022

• • Single metre split assays of 4 metre composite samples from aircore drilling confirm multiple mineralised gold zones

• • Combined strike length of two main mineralised zones at Tyrells prospect extends over about 1.2km

• • Best results include:

  • - 7m @ 1.59g/t Au from 14m (including 2m @ 2.75g/t Au from 16m) in SSA0145

  • - 5m @ 1.57g/t Au from 49m (including 2m @ 2.20g/t Au from 51m) in SSA0091

  • - 10m @ 0.98g/t Au from 50m in SSA0146

  • - 1m @2.47g/t Au from 28m and 2m @ 2.16g/t Au from 38m in SSA101

  • - 3m @ 1.61g/t Au from 18m (including 1m @ 3.04g/t from 20m) in SSA0016

NEXT STEPS:

• • Aircore drilling to test continuity and strike extensions of of two main mineralised zones at Tyrells prospect

• • RC drilling to test extent of gold mineralisation below refusal depth of aircore drilling and supergene blanket following receipt of aircore drilling results

We're very encouraged by the potential for additional gold mineralisation in the two main zones at Tyrells, north of East

Sampson Dam. We're looking forward to drill testing these areas as a priority in the near future.

-

Mr Shane Sadleir, Managing Director

Moho Resources Limited ("Moho", "MOH") is pleased to advise that final assay results have been received from the 2021 aircore program at the Tyrells and Hodges gold prospects within the Silver Swan North Project (Figure 1), located 45km from Kalgoorlie-Boulder.

Consultant geochemist Richard Carver of GCXplore Pty Ltd has reviewed and interpreted the assay results in the context of the lithogeochemistry and geology of the prospect areas.

The Aircore drilling has located the sources of the historical soil and auger anomalies. The best 4m intervals have been re-assayed at 1m sub samples and there are 22 samples with gold assays over a 1g/t ie 1ppm, including three samples in the 3 - 4g/t range.

Assay results of 1m single metre samples confirm and, in places, upgrade the gold results from the 4m composites from the 2021 aircore drilling program (Figure 1). Table 1 outlines the significant intercepts >0.5g/t Au received. Tables 1 and 2 in Appendix 1 provide drill hole details and gold assay results for the 1m split samples.

Figure 1: Significant intersections (>0.5g/t Au) and maximum gold values from 1m split samples in 2021 aircore drilling at Tyrells and Hodges prospects in relation to East Sampson Dam (overlain on magnetics).

Hole ID	From (m)	To (m)	Interval (m)	Grade (g/t Au)	Significant Intercept >0.5g/t Au, 2m max internal dilution
SSA0016	18	21	3	1.61	3m @ 1.61 g/t Au from 18m including 1m @ 3.04g/t Au from 20m
SSA0059	44	45	1	0.61	1m @ 0.61g/t Au from 44m
SSA0085	37	38	1	0.84	1m @ 0.84g/t Au from 37m
SSA0091	35	36	1	1.26	1m @ 1.26g/t Au from 35m
49	54	5	1.57	5m @ 1.57g/t Au from 49m including 2m @ 2.20g/t Au from 51m
SSA0092	36	37	1	0.58	1m @ 0.58g/t Au from 36m
SSA0093	16	17	1	2.33	1m @ 2.33g/t Au from 16m
SSA0093	24	25	1	1.81	1m @ 1.81g/t Au from 24m
SSA0100	45	46	1	1.26	1m @ 1.26g/t Au from 45m
SSA0101	28	29	1	2.47	1m @ 2.47g/t Au from 28m
31	32	1	0.7	1m @ 0.70g/t Au from 31m
38	40	2	2.16	2m @ 2.16g/t Au from 38m
SSA0106	78	80	2	1.47	2m @1.47 g/t Au from 78m
SSA0145	14	21	7	1.59	7m @ 1.59g/t Au from 14m including 2m @ 2.75g/t Au from 16m
SSA0146	50	60	10	0.98	10m @ 0.98g/t Au from 50m including 1m @ 1.92g/t Au from 51m
SSA0148	50	53	3	0.82	3m @ 0.82g/t Au from 50m

Table 1: Significant Intercepts > 0.50g/t Au from 1m split samples in 2021 aircore drilling at Tyrells and Hodges prospects. Intercepts have been calculated using a 0.5g/t Au lower cut with a maximum internal dilution of 2m.

Tyrells Gold Prospect:

At Tyrells (Figure 2), there is a clear separation into two zones of drill gold anomalism. This anomalism is best developed on the western side and just to the east of the high magnesium basalt, particularly on sections 6639000N and 6639200N where there appear to be multiple zones of gold anomalism with apparent dips of about 45 to the east. The southern most traverse (6638200N) also has anomalism in this position.

In the centre of the northern-most traverse the anomalism is weak, although the complexity in the magnetics would suggest a break at about this position.

The anomalism on the ultramafic contact area at the eastern end of the traverses is best developed on sections 6638600N and 66390000N with the source about 100-160m W of the ultramafic contact. The higher arsenic anomalism lies to the east of the drill gold anomalism.

Figure 2: Stacked drill cross-sections of 2021 aircore drilling at Tyrells prospect (overlain on magnetics). Interpreted lithologies: Ni >640ppm = ultramafics & 320-640ppm = high magnesium basalts

Hodges Gold Prospect:

At Hodges (Figure 3), significant gold anomalism occurs on section 66404450N both within a steep east-dipping zone from surface at the ultramafic contact and also in a flat supergene blanket extending about 160m to west of the contact. The anomalism is potentially open towards the next traverse 800m to the south. There is arsenic anomalism on the ultramafic contact but this gold lies to the W of the arsenic high.

Figure 3: Stacked drill cross-sections in 2021 aircore drilling at Hodges prospect (overlain on magnetics). Interpreted lithologies: >640ppm Ni = ultramafics, 320-640ppm Ni = high magnesium basalts