Panther Metals PLC noted that the Panther Metals Ltd. ("Panther Australia") Australian Securities Exchange ("ASX") announcement detailing significant new gold and nickel targets identified on their 40 Mile Camp prospect located approximately 65km southeast of Laverton in Western Australia. Panther Metals PLC holds 36.6% of Panther Metals Ltd. News Highlights: 40 Mile Camp Prospect Comprehensive data review and new geological modelling indicates the potential for the discovery of a new gold and nickel district in the Laverton Gold Fields. Technical studies identify further drill targets within the 40 Mile Camp region, including the new 40 Mile Camp East prospect, currently spanning circa 25km2: Aeromagnetic geophysics survey data encompassing 78.2 km2 reprocessed, inversion modelling has identified several potential intrusive bodies associated with large-scale deformation, which may localise mineralising fluids; Detailed geochemical evaluation of 826 auger samples defined gold and nickel anomalies complementing the geophysical targets.

An initial drill programme has been planned to test the 40 Mile Camp targets once the final heritage survey is completed (scheduled for May 2023). Ironstone Gold Prospect Assays from six diamond drill holes (totalling 947.4m) at the Ironstone Gold Prospect returned peak intercepts of 3.0m @ 1.61g/t Au from 105m downhole (drillhole: IRN001) and 1.5m @ 1.85g/t Au from 45.5m downhole (drillhole: IRN006): A review of the Ironstone stratigraphic drilling reveals greenstone tremolite schist and metabasalt lithologies, adding confidence to the regional geological interpretations; Future drilling at the Ironstone Gold Prospect will focus on the geophysical inversion targets to further confirm the extent of the target lithological units.