Golden Mile Resources : Murchison Lithium Opportunity

27 April 2022

Murchison Lithium Opportunity

Golden Mile Resources Limited ("Golden Mile"; "the Company"; ASX: "G88") advises that it has acquired two (2) Exploration Licences and applied for an additional two (2) Exploration Licenses in the vicinity of its Yarrambee Project located in the Murchison district, WA (Fig 1).

• • G88 acquires two Exploration Licenses and applied for two additional Exploration Licences in the Murchison District WA

• • The Company is targeting lithium, tungsten, and gold

• • Tenement E 20/1005 has mapped pegmatite with historical tungsten occurrences

• • Field reconnaissance scheduled for June

The two tenements that are being acquired are Exploration Licenses E 20/1005 and E 59/2405 from Bruce Legendre for a cash consideration of $5,000 and a 1% Net Smelter Royalty. Tenement E 20/1005 has mapped pegmatite with historical molybdenum and tungsten occurrences (Fig 2).

Figure 1.Location of the tenement acquisitions and New Exploration License Applications targeting Lithium and tungsten.

The two new Exploration License Applications are targeting historical GSWA samples reported in the State Geochemistry database that are anomalous in lithium within an area of possible granodiorite.

Figure 2.

GSWA 1:250 000 scale Cue Geological Map showing historical tungsten and molybdenite occurrences and veining within E 20/1005.

The Company has not visited these areas in the field prior to the acquisition of the tenements and has therefore not verified the GSWA field mapping or the State Geochemistry database samples in these areas.

Next Steps

The Company plans to complete a desktop study followed by field reconnaissance in conjunction with the next drilling programme currently being planned at the Company's nearby Yarrambee Project. The Company will provide further details on the project once this work is completed

This Announcement has been approved for release by the Board of Golden Mile Resources Limited.

For further information please contact:

Grant Button - Non-Executive Director 0417 949 326

Golden Mile Resources Ltd (ASX: G88)

ABN 35 614 538 402

• T: [phone]

• E:[e-mail]

• W:www.goldenmileresources.com.au

Note 1: Refer ASX announcement on the said date for full details of these results. Golden Mile is not aware of any new information or data that materially affects the information included in the said announcement.

About Golden Mile Resources Ltd

Golden Mile Resources Ltd (Golden Mile; ASX: G88) is a Western Australian based mineral exploration company with a focus on precious & battery metals with projects located in the Eastern Goldfields, Murchison, Pilbara, and South-West regions.

The ~816km2 Yarrambee Ni, Cu, Zn, PGE & Au Project within the Narndee Igneous Complex located in the Murchison region, WA.

At Quicksilver Ni-Co project, located about 350km southeast of Perth, the Company has delineated an Indicated and inferred Resource 26.3 Mt @ 0.64% Ni & 0.04% Co (cut-off grade >0.5% Ni or >0.05% Co) (

The Company's gold projects are in the highly prospective Eastern Goldfields region, that includes Yuinmery (100%) and the Leonora JV (Kin Mining earning up to 80%).

The Company has recently acquired the Marble Bar and Murchison greenfield lithium Projects

Competent Persons Statement

The information in this report that relates to Exploration Results is based upon and fairly represents information compiled by Mr Jordan Luckett, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Luckett is a part-time employee of the Company and holds Share Options as well as participating in a performance based Share Option plan as part of his renumeration.

Mr Luckett has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012

Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Luckett consents to the inclusion in the report of the matter based on his information in the form and context in which it appears.

The Company confirms it is not aware of any new information or data that materially affects the exploration results set out in the in the original announcements referenced in this announcement and all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original announcements.

Forward-Looking Statements

This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Golden Mile Resources Ltd (ASX: G88) planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential," "should," and similar expressions are forward-looking statements. Although Golden Mile Resources Ltd (ASX: G88) believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements

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Section 1 - Sampling Techniques and Data

personal use only

Criteria	JORC Code explanation	Commentary
Sampling techniques	• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	Not Applicable - No historical or current exploration results reported
Drilling techniques	• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Not Applicable - No historical or current exploration results reported
Drill sample recovery	• Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Not Applicable - No historical or current exploration results reported
Logging	• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged.	Not Applicable - No historical or current exploration results reported
Sub-sampling techniques and	• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.	Not Applicable - No historical or current exploration results reported