Central Iron Ore Ltd. announced they have commenced the Phase 2 soil sampling programme at the South Darlot Gold Project. CIO announced that it has commenced the second phase of soil sampling on tenements M37/631 and M37/632 to expand upon the successful Phase 1 programme announced in June 2022. This programme identified five coincident gold-copper-lead in soil anomalies on or about the Emperor Structure and along strike of the Endeavour Mineral Resource.

In addition to the gold anomalism, two lithium targets were identified characterised by the presence of elevated Li and other elements associated with LCT pegmatites (Rb, Cs, Be, Ta). The Phase 2 programme consists of 3,870 soil samples to be collected on the same tight sample density of 20mN x 30mE and will target potential mineralised systems with a similar size footprint of the Endeavour and Mermaid prospects located on M37/631. Central Iron Ore Limited: South Darlot Gold Project (Western Australia): The Company's South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The British King Mine which is 100% beneficially owned by the Company and which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI43-101) compliant.

The British King Mine is 5km southwest of Red 5 Limited's Darlot Mine. The British King Mine is currently in care and maintenance. The Company has commenced action in the Supreme Court of Western Australia to have the caveats removed.

A number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited (Red 5). RED 5 JV Project (Formerly Barrick Joint Venture Project): The tenements set out (Red 5 JV Tenements) are the subject of a joint venture between a fully owned subsidiary of the Company and subsidiaries of Red 5 Limited (Red 5 JV) and are situated southwest of Red 5's Darlot gold mine and are contiguous with CIO's current holdings in the area.