The Board of Noronex Limited provided an update on the exploration of its suite of copper projects in Namibia. Noronex has been granted new exploration prospecting licences (EPLs) totalling 3,269km2 on the highly prospective Kalahari Copper Belt in Namibia with total granted licence area increasing 138% from 2,368km2 to 5,637km2 The newly granted Humpback & Damara licence applications (EPL's 8655, 8656, 8664, 8671 and 8672) are 100% held through Noronex's Namibian subsidiary and work has commenced on orientation geochemistry and logistics for targeting drilling Structural targets defined at the Blowhole prospect along strike from the recent Ngami intercepts of Cobre Limited in Botswana. o Targets defined on a sheared fold closure on a domal target o Recent field visit to assess logistics has tested recent waterbore drillholes and confirmed 70m of Kalahari sand cover.

Historical drilling at the Humpback Project's Fiesta Prospect by Cupric Canyon in 2014 reported up to 8m @ 2.5% in EISEB20 from 127m. Orientation geochemical surveys are planned to commence shortly o A number of follow up targets are being assessed. An update is expected shortly on the current drill program which is underway at the Helm Prospect on the Snowball JV.

Noronex's exploration package in Namibia covers 6,998 km2 (5,637km2 granted and 1,360km2 under application) on the highly prospective but relatively underexplored Kalahari Copper Belt which runs from central Namibia to northern Botswana. The licences contain 300 kilometres of strike targeting the key NPF- D'Kar formation contact point where most copper deposits occur on the Kalahari Copper Belt. The focus of recent exploration efforts has been on the Witvlei project, comprising two Exclusive Prospecting Licences (EPLs 7028 and 7029) covering 390 km2 that are prospective for sedimentary Cu-Ag mineralisation.

Drilling is planned shortly at Witvlei to further test the Daheim Prospect. Drilling is also underway to test Noronex's Snowball JV to the east of Witvlei on the domal structure at the Helm prospect. Humpback Licences EPL's 8655, 8656, 8664, 8671 and 8672 have been granted by the Ministry of Mines following the Environmental Clearance Certificate report being approved for the Humpback and Damara EPL's. These licences cover 3,269 km2 of the prospective Kalahari Copper Belt and are located to the east of Noronex's current licences near the Namibia/Botswana border.

Land Access agreements have been finalised with the Traditional Authority and key farmers on Fiesta in tenement EPL8656.