BPM Minerals Ltd. provided an update on exploration related activities at the Claw Gold Project. The 100% owned Claw Gold Project is located in the Murchison - Mid-West region of Western Australia, approximately 300km northeast of Perth. The Project Is located immediately along strike of Capricorn Metals Ltd.'s 2.76Moz Mt.

Gibson Gold Project (MGGP). The Claw Project represents a rare opportunity in Western Australia, approx. 33km of largely untested strike along a highly prospective shear zone, that hosts a multi-million- ounce gold deposit.

The company is currently in the drilling approval process with the various underlying stakeholders associated with the project area. Environmental and Heritage surveys are now scheduled for April and May respectively. Pending the outcomes of the surveys, it is anticipated that drilling will commence mid-year.

The company has engaged an Environmental Consultancy to assist with the drilling approval process with DMIRS and the Pastoral Lease holder. Environmental Management Plans (EMP's), Program of Works (PoW's), environmental surveys, heritage surveys and potentially clearing permits will be submitted/undertaken before drilling can commence. The company is currently progressing through this process and expects to commence drilling within the pastoral lease in mid- 2023.

The company intends to keep shareholders updated with this approval process over the coming months. Two priority, drill ready, mineralised prospects are located within the Pastoral Lease, Chickie and Louie. The prospects are located directly along strike of Mt Gibson with the Louie anomaly being located on the tenement boundary, approx.

1km along strike from Capricorns conceptual open pit, the company remains focussed on these prospects as an exploration priority. A 665-sample soil survey was completed in January at the Project. Sampling focussed on several areas of interest identified from the interpretation of recently acquired, detailed magnetic imagery.

This program focussed on the targets within freehold land and it is expected that the assay results will be reported later in March 2023.