Predictive Discovery : BANKAN PROJECT GROWS WITH NEW GOLD DISCOVERIES

16 December 2021

BANKAN PROJECT GROWS WITH NEW GOLD

DISCOVERIES

Predictive Discovery Limited ("Predictive" or "Company") is pleased to announce the emergence of new

g ld discoveries at its Bankan Gold Project located within 3km of the existing 3.65Moz Mineral Resource
onlyEstimate1 defined on the NE Bankan and Bankan Creek deposits.
HIGHLIGHTS
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Assays from 112 shallow AC holes completed mostly within 3km of the main NE Bankan deposit (Figures 1-
3) have confirmed several new gold discoveries, with better results including:
800 West Prospect
personal	•	BKAC0170:	7m	@ 8.5g/t Au from 38m to EOH, incl. 2m @ 24.2g/t Au from 40m
•	BKAC0173:	36m @ 1.9g/t Au from 14m to EOH, incl.
			2m	@ 16.1g/t Au from 32m & 4m @ 5.4g/t Au from 40m to EOH
	• West-dipping gold mineralisation intersected on two adjacent section lines, open to the north
		and south, and now being followed up with a 1,300m air core (AC) drill program.
SW Bankan targets
	•	BKAC0082:	22m @ 12.1g/t Au from 8m, incl.
			4m	@ 57.3g/t Au from 12m, and
			8m	@ 5.4g/t Au from 38m
	•	BKAC0076:	6m	@ 1.7g/t Au from 8m, incl. 2m @ 3.8g/t Au
For	•	BKAC0077:	10m @ 1.4g/t Au from 30m
•	BKAC0078:	14m @ 1.0g/t Au from 36m, incl. 4m @ 2.5g/t Au from 46m to EOH
	•	BKAC0079:	2m	@ 6.4g/t Au from 30m
	•	BKAC0164:	8m	@ 1.2g/t Au from 8m

• AC drilling programs are ongoing across the project area, testing for extensions to new gold mineralisation identified by earlier AC drilling on multiple prospects.

• Regional exploration continues with power auger drilling programs east of NE Bankan and in the SE corner of the project area (SE Saman).

1 ASX release - 3.65 Million Ounce Bankan Maiden Mineral Resource Estimate (30 September 2021)

Managing Director, Paul Roberts said:

only"These new assays, as well as previous results from elsewhere in the project area demonstrate clearly that the Bankan Project is an emerging gold camp with the right structural and geological setting to host multiple gold deposits.

The Company is in the fortunate position of holding a project in which new zones of gold mineralisation c ntinue to emerge, offering numerous opportunities for expanding gold resources outside of the NE Bankan and Bankan Creek deposits."

For usepersonal

Figure 1 - Bankan Project, significant new regional AC and power auger drilling results overlain on interpreted geology. Active and planned

auger drilling grids east of NE Bankan and on SE Saman are shown as blue dots.

Bankan AC and Power Auger Drilling

Following the discovery of the NE Bankan deposit, the Company undertook a helicopter-borne magnetic and radiometric survey on a 100m-line spacing covering the entire project area. A detailed geological

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interpretation based on processed magnetic data over the immediate NE Bankan area showed that gold mineralisation coincides with the intersection of a series of ENE-orientated and NW orientated magnetic

onlylinears, on or close to the contact between granitic rocks and mafic volcanics.

The lithological and structural elements controlling mineralisation recognised at NE Bankan have provided a model for gold exploration across the Bankan Project with potential to host multiple "NE Bankan-style" gold deposits.

The Company has deployed one AC and two power auger rigs to follow-up the new targets with 13,000m of AC and power auger drilling completed in the past four months. AC and power auger are both fast and user latively cheap exploration methods and have proven to be highly effective for making discoveries on the

Bankan Project.

In this release, the Company reports new results for 112 AC holes totalling 5,114m, most within 3km of the main NE Bankan deposit.

800 West Prospect

AC drilling comprising 4 holes on 2 traverses (BKAC0170-173; Figures 1-3) was completed approximately 800m west of the NE Bankan deposit, following up previous excellent AC results of 14m @ 3.4g/t Au and

12m @ 1.5g/t Au.2

Sig ificant gold values were intersected in 3 of the 4 holes drilled, indicating a west dip to the mineralisation. Best intersections include:

personal	•	BKAC0170:	7m @ 8.5g/t Au from 38m to EOH, incl.
		2m	@ 24.2g/t Au from 40m
•	BKAC0173:	36m @ 1.9g/t Au from 14m to EOH, incl.
		2m	@ 16.1g/t Au from 32m, and
		4m	@5.4g/t Au from 40m to EOH

The two drill traverses are 80m apart and the results suggest a roughly north-south trending zone, 20-35mForwide and dipping to the west. A follow up AC program, totalling 1,300m and testing over 200m of strike

length is now in progress.

The location of these new gold results so close to the NE Bankan deposit highlight the expanding potential of the Bankan Project in very close proximity to both NE Bankan and Bankan Creek.

2 ASX Announcement - AC drilling identifies new gold prospects at Bankan (28 October 2021)

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r personal use only

16 December 2021

Figure 2 - Cross Section 1175820N showing new holes BKAC0170 - 171 testing the previously reported AC gold anomaly (ASX 28 October 2021).

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Figure 3 - Cross Section 1175740N showing new holes BKAC0026A and BKAC0172-173 testing the previously reported AC gold anomalies (ASX 28 October 2021).

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