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Blox Announces Encouraging Infill Sampling Results from Mansounia Project

Blox Inc. ("Blox" or the "Company") is again pleased to announce further high grade results from the near surface infill sampling campaign completed recently which focused on further defining the near surface supergene mineralisation continuity.

The sampling program commenced and was completed in November 2015 in response to positive results from phase one of the sampling campaign completed by Spiers Geological Consultants ("SGC") on behalf of Blox Inc.

The Company has elected to continue with a second phase of infill sampling to both test un-sampled core and to potentially extend the resource base, which is believed by the Company would further support and improve the project economics.

Some significant results from the infill sampling of existing diamond core holes include;

  • 44m at 0.68 g/t Au from 4 to 48m in drill hole MDD009
  • 12m @ 0.90 g/t Au from surface in drill hole MDD013
  • 36m @ 0.52 g/t Au from 4 metres in drill hole MDD015
  • 24m @ 0.71 g/t Au from 6m in drill hole MDD017

Note: Intersections are reported as down-hole length and not true width.

The second phase of infill sampling continued to confirm strong near surface mineralised continuity at depths less than 50m (Figures 2 and 5).

As noted previously by Blox Inc., the completion of the infill sampling will now trigger a period of independent resource review and update which will be conducted with a view to upgrading the project Mineral Resource Estimates and subsequently fast-track the project into production.

Concurrent with the planned project feasibility analysis during 2016, other work will include geological and structural evaluations of the immediate and surrounding geological terrain, local and regional targeting and identification of potential additional mineralisation in-line with a move to an updated economic assessment.

The completion of infill sampling over the main Mansounia project area together with the solid outcomes has provided further momentum toward the transition from exploration to open pit mining.

Blox Inc. Chief Executive Officer, Robert Spiers noted that, "The finalisation of the second round of infill sampling has drawn this program to an end, with the strength of the outcomes achieving and exceeding expectations. The consistency of the mineralised intercepts illustrates the continued strengthening of the near surface mineralised trend."

Mr Robert Spiers, Chief Executive Officer

Competent Persons Statement

The information in this report that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Robert Spiers who is a Member of the Australian Institute of Geoscientists. Mr Spiers has more than 5 years' experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which they are

undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Mr Spiers is a full time employees of Blox Inc. Mr Spiers has consented to the inclusion of the matters in this report based on their information in the form and context in which it appears. Aspect pertaining to historical Mineral Resource Estimates were prepared and last disclosed under the JORC Code 2004 by Runge Limited, 2012. Except where noted, it has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.


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