STRIKING GOLD! Diamond Drilling Unearths Grades of 17,240 g/t GOLD at the Crown Prince Gold Project Near Meekatharra, WA

New Murchison Gold Limited (“NMG”) has today announced an update on diamond drilling activities at the Crown Prince Gold Project (Crown Prince) at the Company’s flagship Garden Gully Gold Project near Meekatharra, Western Australia.

The Company has recently finalized a deep diamond drilling program consisting of 13 holes targeting mineralization down plunge from the south-eastern and northern zone of mineralization. The target is outside the current Mineral Resource Estimate envelope.

Alex Passmore, NMG’s CEO, commented: “We are delighted to announce an amazing headline grade for the visual gold intercept which we reported to the ASX in March which equates to a gold grade in excess of 550 troy ounces Au per tonne.”

“Together with new information from the surrounding drill holes we also have strong confidence in the mineralizing structure persisting at depth. We look forward to progressing our understanding of a potential underground mining operation following the commencement of open pit operations at Crown Prince. We are well advanced in the development schedule and planning for Crown Prince and are awaiting final approvals from DWER and DEMIRS ahead of site operations commencement”.