Ragnar Metals Limited announced it has entered into agreements to acquire 80% interest in the Leeds Gold Project and 100% interest in the Kenya Gold Project. The Leeds Project is located on the Norseman-Wiluna greenstone belt approximately 20 km south of the Goldfields St Ives Gold Mining Camp at Kambalda. The Kenya Project is located 50 km along strike to the south of the AngloGold Ashanti's Sunrise Dam gold mining camp in the Laverton gold mining district. The Leeds Project is located 20 kilometres south along strike from the Goldfields St Ives Gold Mining Camp at Kambalda, Western Australia (Figure 1). The project occurs in the area hosted by the Black Flag volcano-sedimentary package of rocks that host the Junction), Argo and Invincible gold deposits at the St Ives Gold Camp (Figure 2). Importantly, the project is located very close to the regional Speedway Fault and the associated subsidiary structures that are widely known to be critical for the formation of various deposits at St Ives including Invincible and Argo. Drilling by previous explorers has delineated a large gold mineralised system within the Leeds Project that has been interpreted in the past to be related to a north-northwest trending shear zone within a package of sedimentary and volcaniclastic rocks (Figure 3). The supergene mineralisation forms a flat- lying blanket 5 to 20 m in thickness at between 40 and 50 m depth beneath strongly depleted saprolitic clays with gold grade that ranges from 0.1 g/t Au and up to 11.6 g/t in places (Figure 3). Supergene gold mineralisation greater than 0.1 g/t has been defined over a zone approximately 1.5 km long and up to 400m wide (Figure 3). One standout drilling intersection occurs within the transitional zone between the oxidised and primary mineralisation and intersected: Other intersections from historic drilling returned both very high grade and large lower grade widths including: 4 m at 17.5 g/t Au from 74 m in LRC004 (primary zone); 6 m at 4.2 g/t Au from 48 m in PDR006 including 2 m at 11.7 g/t Au (supergene zone); 70 m at 0.4 g/t Au from 49 m in LDRC013 including 1 m at 4.2 g/t Au (oxide & primary zone): 15 m at 1.0 g/t Au from 80 m in LDRC009 including 1 m at 11.6 g/t Au (primary zone); 15 m at 1.0 g/t Au from 80 m in LDRC009 including 1 m at 11.6 g/t Au (primary zone); 10 m at 1.2 g/t Au from 105 m in LDRC004 including 1 m at 9.0 g/t Au (primary zone); and 28 m at 0.5 g/t Au from 79 m in LFR027 including 1 m at 4.9 g/t Au (oxide & primary zone). Primary bedrock mineralisation has been intersected over the northern 800 m of the supergene anomaly, however, this distribution is primarily due to deeper drill testing from 50-100 m depth limited to the northern part of the supergene anomaly (Figure 3). In the northern area, a variety of drilling orientations have been adopted to intersect deeper primary basement mineralisation, however it is clear that the dominant orientation of the best mineralisation has not yet been defined. Only one diamond drill hole was conducted, hole LDDH001, by Newcrest, however it is located east and likely below the zone of best gold mineralisation (Figure 4). Nevertheless, structural measurements on the drill core indicates that most of the mineralised veins trend north-northeast and dip 60 degrees southeast. Previous exploration suggest that the Leeds Project sits on a large, primarily untested hydrothermally altered gold bearing shear zone at depth below an extensive zone of supergene gold mineralisation Recent geological compilation work by Ragnar indicates a well-defined hydrothermal alteration zonation pattern at depth. The core of the primary mineralised zone is characterised by strong quartz veining, variable silicification and 2 - 10% disseminated pyrite as well as a strong tourmaline zone with rare fuchsite along the base coincident with the best gold assays (Figure 4). An upper hanging wall zone of biotite-carbonate-magnetite alteration occurs above the mineralisation and a lower footwall zone of biotite-sericite-carbonate occurs below the mineralisation (Figure 4). This work clearly demonstrates a flat-lying gold distribution and a possible westerly dip where mineralisation is open. In addition, a spatial association of magnetite alteration above the gold mineralisation may explain the airborne magnetic anomalies (Figure 3). This breakthrough in geological understanding at the Leeds Project will assist in Ragnar's ongoing interpretation and identification of further drill targets. This work is anticipated to be complete by the end of January 2021 which will also include Ragnar's maiden drill program plan at the Leeds Project. This program will comprise deeper RC drilling below the large low-grade supergene gold intersections as well as some key oriented diamond drill core to accurately define the orientation of gold bearing veins and structures. In addition to this work, a reconnaissance aircore drill program will also be planned to test the southern extension of the gold bearing shear zone and magnetic anomalies that have never been drill tested. The Company is also considering various geophysical methods designed to map the gold-bearing shear zones on the Leeds Project.