Ora Banda Mining Limited announced initial results from its Callion resource definition drilling program. Drilling at Callion has been focussed on delineating both an open pit and an underground Mineral Resource. A total of 46 RC holes (5,962 m) and 15 diamond tails (1,689 m) have been completed in Phase 1 of the Callion resource definition drilling program. Assay results for remaining 23 holes at Callion are expected mid February. Of significance in the open pit drilling program is hole CNRC19002 that returned 10.0m @ 8.0 g/t from 76 metres. This hole targeted and successfully intersected a high-grade shoot that remains the primary focus of the open pit cut back target. Of significance in the underground diamond drilling program is hole CNDD19015 that returned 4.8m @ 34.4g/t from 232 metres. This hole targeted and successfully intersected the down plunge continuation of the high-grade shoot associated with the historical main underground mining area. The overall shoot plunge continuation at depth remains a focus for future exploration works. Ora Banda's conceptual plan for the Callion deposit includes an open pit cut back, re- establishing access to existing underground mine workings, rehabilitating existing underground mine development where required to extract a number of high-grade zones that remain within the historical mine and the development and extraction of new high grade areas below the existing mine workings. About the Callion Deposit: The Callion Deposit is located 13km South West of the Davyhurst Mill, within the North Eastern Goldfields of Western Australia. The deposit has been mined underground by various operators since the early 1900s, with more substantial development undertaken by Western Mining Corporation during the period 1934-1959 (pre and post war). Additional underground activity and open pit mining works were undertaken by the Callion JV in the late 1980s, prior to a second round of open pit development by Croesus in 2004-2005. The existing Callion open pit is approximately 650m long and approximately 40m deep, with the underground workings extending off the southern end of the pit to a vertical depth of 220m below surface. The deepest high grade diamond drill hole result recorded from Callion to date (CS6W1 ­ 10.5m @ 17.2 g/t) sits approximately 420m vertically below surface and approximately 200m vertically below the base of the existing mine workings. Total recorded historic production for Callion is 280Kt @ 10.2 g/t for 91,650 ounces of contained gold (open pit - 135Kt @ 4.1g/t for 17.6koz and underground ­ 146Kt @ 15.8g/t for 74Koz)1. Callion has a published resource of 169Kt @ 2.6 g/t for 14,000 contained ounces2. This resource is constrained above the 350m RL (80 vertical metres below surface) to assess remnant open cut potential only. A Mineral Resource upgrade that includes both open pit and underground potential remains a key focus for this deposit.