Shares in Cloudbreak Discovery jump more than 175% on encouraging assay results

Gold Grades Exceed Expectations at Darlot West

Gold grades up to 28 grams per tonne at surface

Cloudbreak Discovery Plc (LSE: CDL), is pleased to announce the very encouraging results returned from its first gold sampling programme at the Darlot West Gold Project (“Darlot West” or the “Project”).

The rock chip sampling at surface carried out in the maiden exploration programme on site has returned multiple significant results with grading up to 28.62g/t gold across four discrete prospect areas within the Project.

o  28.62g/t Au (34.15g/t Au on repeat assay) see FIGURE 1

o  4.50g/t Au see FIGURE 4

o  2.62g/t Au

o  1.30g/t AU

Darlot West is located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with production of 2.8 million ounces of gold produced to date (see FIGURE 3). These surface results are particularly encouraging and warrant a follow up exploration programme which is being devised to further understand the extent of mineralisation potential.

Further updates will be provided once this further programme has been confirmed.

Tom Evans, Cloudbreak’s MD, commented; “These gold results from our initial field trip and the investigation, carried out as part of the Company’s due diligence on the tenement, are exceptionally good. Getting results approaching an ounce of gold per tonne are not common and are much better than we had expected.”

“An exploration programme is being planned to further understand the extent of gold mineralisation and the areas gold ounce potential. We look forward to providing further updates with respect to additional exploration to be completed.”

“On the basis of this initial programme, we will be proceeding to exercise our option to acquire 100% of this exciting play in one of the world’s Tier-1 exploration and mining jurisdictions. The Darlot area is highly prospective for gold, and we are keen to move forward with the transaction and expand our footprint in the immediate area and are well advanced on sourcing additional gold tenements to add to our portfolio here.”

Figure 1:  28.62g/t Au Rock Chip (Sample DW2518)

Figure 2: Rock Chip Sampling Results

Figure 3: Location of Darlot West Gold Project, Western Australia – 10km from 2.8Moz Darlot Gold Mine

Figure 4: 4.5g/t Au Rock Chip Sample (DW2510)

Figure 5:15m Deep Shaft at Darlot West Project

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About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading natural resource explorer and project generator. Cloudbreak is focused on mineral exploration and energy opportunities with the aim of bringing near-term cashflow and driving shareholder value.

Through its wholly owned but independently operated subsidiaries, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities with high intrinsic value.

Cloudbreak’s generative model across the mineral sector enables a multi-asset approach to investing. in the commodity cycle

Appendix 1: Sampling Coordinates and Results