E70/4854 (Kulin Project) showing previous lag sampling coverage and gold results. Note: The geology is based on geophysical interpretation and modelling as explained in the Independent Technical Assessment Report within Cygnus’ Prospectus dated 22 November 2017.

At the Kulin Project Cygnus has interpreted regional geophysics to define a 30 km-long and up to 2 km-wide metamorphosed greenstone belt where previous explorers identified several gold-in-laterite anomalies.

The northernmost anomaly, with a peak value of 8.9 ppb Au, is located immediately adjacent to an anomalous laterite sample (9.4 ppb Au) collected as part of a regional-scale laterite sampling program over the entire southwestern Yilgarn Craton by the Cooperative Research Centre for Landscape Environments and Mineral Exploration (CRC LEME).

The CRC-LEME sample collected within Cygnus’ tenure is the ninth strongest gold-in-laterite anomaly obtained from over 5,000 samples collected over an area of approximately 500 km x 350 km.

There has been no prior drilling on Kulin.