Outback Goldfields Corp. provided an update on exploration activities from its Ballarat West gold project located in central Victoria, Australia. The Company is focussing on Ballarat West while the technical team awaits final assay results from the recently completed property-wide exploration program at Yeungroon, where over 590 air-core holes were completed.

Numerous batches of samples have been submitted to the lab for fire assay over the last few months and results will be summarized and disclosed as soon as they are available. Property-wide surface exploration program is ongoing at Ballarat West: This program represents the first systematic and modern exploration program across the property. Over 2,000 soil samples and over 50 rock samples have been collected to date along property-transecting, east-west oriented sample traverses.

Follow-up tightly spaced sample grids are being planned and will be completed in the coming weeks. Focus of detailed geological mapping is on areas of outcropping or near-surface Ordovician bedrock with the aim of projecting prospective structural trends along strike below basalt cover into areas that are highly prospective yet completely un-explored. Land access negotiations with local landowners are ongoing.

Ballarat West Exploration: A significant effort has been undertaken by the Company to complete a comprehensive compilation and re-interpretation of all historical geophysical datasets from across the property. Data from these government and industry-funded surveys have been used to re-interpret the distribution of the post-mineralization basaltic cover rocks and to help outline areas of potential underlying and outcropping Ordovician bedrock. These data, together with production records and underground geological maps from nearby historical reef-hosted gold mines and the distribution of widespread historical deep leads has led to the definition of multiple, un-explored priority target areas.

A key target area is the Berry Sauce Corridor, located approximately 5 km northwest of the Ballarat goldfields which produced over 13 million ounces of gold. This area has seen very limited historical exploration and based on recent geological mapping, data compilation and historical reports represents a highly prospective belt of deformed and locally mineralized Ordovician bedrock. This area has been prioritised for continued geological mapping, prospecting and detailed gridded soil surveys.

Soil sample traverses have been completed across the property primarily alongside east-west trending roads. Over 2,000 sample have been collected to date and geochemical results are pending. The regional structural setting for reef-hosted gold mineralization is predominantly north-south trending (e.g., the nearby Ballarat and Bendigo goldfields), therefore reconnaissance east-west oriented lines are considered optimal.

Samples are being analysed daily using a tailored portable Xray fluorescence spectrometer (pXRF) workflow to measure elemental concentrations from prepared sample mounts as well as QA/QC samples. The focus for these analyses is pathfinder element geochemical concentrations particularly arsenic. The relationship between gold mineralization and disseminated arsenopyrite and high-arsenic contents in host rocks peripheral to gold-bearing quartz reefs is well established throughout the Victorian Goldfields (e.g., Arne et al., 2008) and has been used to focus exploration and vector to high-grade mineralization.

Based on the kilometer-scale spacing of the property-transecting road network, follow-up sample gids, north and south of defined geochemical anomalies from the property-transecting lines will be planned. Sampling of these grids will be completed in the coming weeks and results will be disclosed once interpreted. Geochemical targets will be ranked and prioritised for follow-up exploration (e.g., ground-based geophysics) and possible drill testing.

Community Engagement: Initial soil sampling is being conducted alongside public roads between landholdings. Based on results, the Company will engage with the local landowner to gain access and conduct follow-up grid-based soil sampling. The Company has a team onsite dedicated to land access negotiations.

Outback recognises the importance of open and honest community engagement in all exploration activities. Approach all exploration activities in a sustainable manner and ensure activities comply with the Victorian Code of Practice for Mineral Exploration.