Lab Assays Upgrade Grants Basin Iron Ore

• 18% average increase in grade confirmed by laboratory assays of percussion drilling samples vs. earlier reported field Niton XRF iron analyses.
• Upgraded intersections include 296m @ 24.37% Fe, 272m @ 25.48% Fe and 254m @ 26.21% Fe.
• Diamond drilling underway to provide samples for preliminary metallurgical testwork.

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