Zuleika Gold Limited report additional results from the Company's extensive exploration completed during the latter part of 2021. Highlights include: During 2021, the Company drilled 23,370m comprising 18,246m of aircore (AC) and 5,124m of reverse circulation (RC) drilling, primarily testing targets within the Zuleika and Credo Projects. The Company's 2022 goal is to complete a further 20,000m of RC and AC drilling to advance exploration on the Zuleika Shear and Credo Projects, together with testing new prospect areas generated from prior drilling and early-stage reconnaissance exploration.

RC drilling at Credo in December 2021 returned further positive intersections, including: 9m @ 1.93 g/t Au from 114m, including 5m @ 3.32 g/t Au from 114m in DCRRC225 5m @ 1.37 g/t Au from 100m, including 1m @ 3.45 g/t Au at 104m in DCRRC223 AC drilling at the Credo East prospect in December 2021 returned encouraging intersections, including:· 12m @ 0.52 g/t Au from 45m, including 3m @ 1.69 g/t Au from 46m in DECAC006 The Company is currently planning systematic follow up drilling programs to further test these and other high-quality targets within the portfolio. Drilling will recommence following the required heritage surveys and permitting. The Company is well-financed to complete the planned systematic exploration of its highly prospective projects following the completion of a $3 million share placement made to prominent West Australian prospector and investor, Mr. Mark Creasy.

The Company's Zuleika Gold Project sits within the prolific gold rich Kundana - Ora Banda district of the Kalgoorlie Goldfield and consists of an extensive land holding of 223km. The Project is positioned along significant regional structures within highly prospective stratigraphy which has been the host to more than 20 million ounces of gold production over the last 30 years. During 2021 the Company advanced its targeted drilling programs and to date has drilled 23,370m, including 18,246m of aircore (AC) and 5,124m of reverse circulation (RC) drilling.

The drilling tested targets at the Paradigm East, Browns Dam, Breakaway Dam, Little T and Carnage Prospects and the Credo Project. The Company's 2022 plan is to complete a further 20,000m RC and AC drilling programs to advance exploration on the Zuleika Shear and Credo Projects, together with testing new prospect areas generated from prior drilling and early-stage reconnaissance exploration. The Credo Gold Project (Credo), located 5km west of Norton Goldfield's Paddington Gold Mine, is a Joint Venture with Torian Resources Limited operated and managed by Zuleika.