Kingsrose Mining has received very encouraging results from an initial first pass exploration orientation-drilling program of three holes at the Talang Toha prospect and one hole at the Mitra Jaya prospect, which form part of the Way Linggo project in South Sumatra, Indonesia.

The drilling was designed to test the geology in the vicinity of anomalies defined by soil geochemistry at both prospects.

At Talang Toha the first hole testing the blind mineralization returned 1.55 metres @ 7.23 grams/tonne gold and 6.82 grams/tonne silver from 65 metres down hole in a brecciated clay quartz zone with geology similar to the recent holes drilled near surface above the nearby Talang Santo deposit.

A review of the results including an earlier hole which intersected altered andesitic volcanics and the fact that intersection was encountered much earlier than anticipated indicates the mineralized structure may be in a different orientation. While it is still at an early stage, it is considered very encouraging as it represents one of the most significant intersections outside the known mineralization.

The preliminary stratigraphic hole at Mitra Jaya was targeting a potential source of the near-surface gold anomalism identified by soils and trenching. The hole did not return any indications of primary mineralization and has refocused efforts in understanding the fluid pathway for the silicified cap which appears to be spatially related to the broad zone of gold anomalism which has been identified and potentially related to a feeder zone from deeper mineralization.

A review of the results is being undertaken before planning the next phase of drilling. Project scale geochemical sampling is continuing at other priority targets. This is intended to increase the target inventory once the work is completed.

At the operating Talang Santo mine, development on the 4 Level advanced 229 metres in July comprising 174 metres of horizontal development and 55 metres of vertical development which is required for the establishment of stoping blocks.

Delays in advance were experienced relating to the influx of water directly at the working faces. Lateral development directly to the east and west remains a priority as the primary source of water inflow is directly at the extremities of the ore body. The total volume of water on the level is being pumped from the mine with production areas currently being established in the central areas where water rates have been reduced as a result of drawdown.

Development of the haulage shaft to the 5 Level remains on schedule which will allow access to the higher grade sections of the ore body. The installation of the headframe and winder is nearing completion and advance of the shaft has continued in conjunction with these activities.

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