Sovereign Metals Limited announced that it has identified a major new soil anomaly over 2.4km in width with observed rutile significantly higher than any previous anomaly identified. Substantial shallow hand-auger and deeper (10m-30m) air-core drilling was completed in late 2019 and early 2020 on four priority prospects, with a significant number of results near completion and expected to be announced progressively over the coming weeks. Results of soil sampling in late 2019 over a new, geologically defined target at Kasila show a 2.4km width with observed rutile significantly higher than any previous anomaly identified. The potential strike length is currently undefined, though mapping of surface mineral assemblages and assessment of airborne magnetics signatures suggest it could be in excess of several kilometres. This high-tenor, large soil anomaly was tested with 19 shallow hand-auger holes drilled in early 2020 with results pending. Shallow hand-auger drilling is ongoing on numerous near-by targets in this highly prospective area. The Kasiya anomaly is within regional proximity to the previously announced Railroad and Railroad West saprolite-hosted rutile prospects and suggests the potential for cumulatively large to very large tonnages of mineralisation within a small radius across a number of prospects. A substantial number of shallow hand-auger and deeper air-core drill holes were completed in late 2019 and early 2020 with a significant number of results near completion. The programs in late 2019 over three high-priority rutile prospects comprised a total of 101 hand-auger holes for 800m and 68 deeper air-core holes for 830m. So far in 2020, 19 hand-auger holes have been completed at Kasiya. A steady stream of drilling results from these multiple sample batches across the numerous prospects is expected to start being received shortly and will be reported to market progressively as received. Sovereign's ongoing rutile work program includes: Ongoing laboratory processing of the large number of hand-auger and air-core drill samples from the late 2019 and very early 2020 drilling programs; Initial hand-auger drilling on a number of new saprolite-hosted prospects identified by the Company's ongoing soil sampling program and mapping programs; Additional air-core drilling during the current wet season (December to March) to extend rutile mineralisation at depth and along strike on a number of prospects (subject to weather conditions allowing safe access); Continuation of desktop studies on mining and tailings disposal methods in advance of potential future Scoping Studies.