Greatland Gold PLC (AIM:GGP) Drilling grant awarded for exploration project

Greatland awarded a drilling grant for the Paterson province exploration project

Greatland receives a grant of up to A$200,000 (£115,000)

under the Western Australian Government’s Exploration Incentive Scheme

Grant to be used to co-fund exploration at Greatland’s 100% owned Rudall licence,

located 20km southeast of the Havieron gold-copper resource

Greatland Gold plc (AIM:GGP), a mining development and exploration company with a focus on precious and base metals, is pleased to announce it has been awarded a grant from the Western Australian Government to co-fund exploration drilling and mobilisation costs at its 100% owned Rudall licence in the Paterson province.

The grant awarded is the result of a successful application under the Exploration Incentive Scheme (“EIS”). Greatland is eligible to receive a grant up to A$200,000 (£115,000) to co-fund drilling and mobilisation costs, within 12 months of the grant.

Shaun Day, Managing Director of Greatland Gold plc, commented: “The drilling grant for the Rudall licence will accelerate our programme to test targets in this area of the Paterson. Testing of priority targets delivers the opportunity to unlock the exploration option value of the portfolio.”

About Rudall

The Rudall licence covers an area of approximately 65 square kilometres approximately 20km south-southeast of Greatland’s Havieron gold-copper resource. The licence is considered to be prospective for Havieron and Telfer style gold/copper occurrences.

Greatland has completed geophysical modelling to enhance preliminary targets identified at the Rudall licence, including the Ramses magnetic anomaly. The modelling suggests the depth to top of the magnetic anomaly is approximately 700m below surface.

Further geophysical survey work is being planned this year to refine the Ramses anomaly before an exploration drill program is undertaken, utilising the EIS grant to co-fund the drilling component of the 2022 exploration work programme.

Additional information on the project can be found on the Company’s website at

Rudall and Canning

In addition to this release, a PDF version of this report with supplementary information can be found at the Company’s website: www.greatlandgold.com/media/jorc/

About the Exploration Incentive Scheme

The Co-funded Government and Industry Drilling Program is being funded by the Western Australian State Government, to provide a stimulus to geoscience exploration and contribute to the economic development of regional areas of Western Australia. Geoscience exploration includes mineral, oil and gas, and geothermal exploration with drilling to be undertaken in underexplored areas. The program is administered by the Western Australian Department of Mines, Industry Regulation and Safety.

Enquiries:

Greatland Gold PLC

Shaun Day

+44 (0)20 3709 4900

info@greatlandgold.com

www.greatlandgold.com


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