RNS Number : 7409F

Greatland Gold PLC

11 March 2020

11 March 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014

(MAR).

Greatland Gold plc

("Greatland" or "the Company")

Newcrest Reports Further Outstanding Drill Results at Havieron

Stage 2 of Farm-in expected to be completed by end of March 2020

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to provide an update on Newcrest's drilling campaign at Greatland's 100% owned Havieron deposit in the Paterson region of Western Australia.

Greatland notes the release of an ASX announcement titled "Exploration and Guidance Update" by Newcrest Mining Ltd ("Newcrest") earlier today.

Highlights

  • Drilling at Havieron continues to expand and demonstrate the continuity of high-grade mineralisation, which now extends over a strike length of 450m, to vertical depths of 600m and remains open at depth and to the northwest.
  • Results to date support potential for both high-grade selective and bulk mining methods, which are currently being evaluated.

Best new results:

  • HAD022: 142m @ 1.9g/t Au, 0.38% Cu from 534m, including
    • 15.7m @ 9.8g/t Au, 0.61% Cu from 572.3m
  • HAD042: 124m @ 3.9g/t Au, 0.21% Cu from 734m, including
    • 17.3m @ 19g/t Au, 0.62% Cu from 790.7m
  • HAD044: 83.3m @ 5.0g/t Au, 1.1% Cu from 489.5m
  • HAD049: 82m @ 6.1g/t Au, 0.41% Cu from 461m

Next Steps

  • Drilling activity continues to ramp up (eight rigs now operational) with the aim of delivering a maiden resource in the second half of calendar year 2020.
  • Greatland expects Newcrest to complete Stage 2 of Farm-in by end of March 2020.
  • A number of environmental, geotechnical and metallurgical studies are continuing in order to support a potential mineral resource estimate, and future permitting requirements.
  • Newcrest is investigating the potential to start an exploration decline at Havieron by end of calendar year 2020 or early 2021, and the potential to achieve commercial production within 2-3 years from commencement of decline.

Gervaise Heddle, Chief Executive Ocer of Greatland Gold plc, commented: "We are delighted by this sixth consecutive set of excellent results from Newcrest's drilling campaign, which continue to demonstrate the continuity of high- grade mineralisation and expand the mineralised footprint. These latest results represent one of the best sets of drilling results at Havieron since Newcrest began its exploration campaign and reinforce the potential to accelerate the timetable for commercial production.

"As we enter the Australian exploration season, Newcrest continues to drill Havieron at pace and will shortly complete Stage 2 of the Farm-in. Meanwhile, we are planning to be very active with our own systematic exploration campaign across the Paterson, which will focus on drill testing many of the high-priority targets we identified last year."

Analytical results for HAD022, HAD029, HAD038, HAD042, HAD044, HAD045, HAD047 and HAD049 have been received and are announced today. Significant intercepts are presented in Table 1.

Table 1. Significant Havieron intercepts.

Hole ID

From (m)

To (m)

Width (m)

Gold (g/t)

Copper (%)

HAD022

534

676

142

1.9

0.38

Including

572.3

588

15.7

9.8

0.61

HAD022

804

897

93

1.1

0.11

HAD029

837.6

991.4

153.8

0.66

0.08

HAD029

1003.3

1110

106.7

1.8

0.02

Including

1077

1090.1

13.1

3.7

0.03

HAD029

1460

1594.2

134.2

0.81

0.23

Including

1473

1496

23

2.7

0.14

HAD042

622.1

710.9

88.8

1.2

0.18

Including

686

703

17

2.8

0.20

HAD042

734

858

124

3.9

0.21

Including

790.7

808

17.3

19

0.62

Including

804

807.1

3.1

91

2.0

HAD044

489.5

572.8

83.3

5.0

1.1

HAD045

634.3

786

151.7

0.60

0.08

HAD045

968

1004

36

2.9

0.03

HAD049

461

543

82

6.1

0.41

Including

461.2

496

34.8

9.2

0.64

Including

540.2

540.7

0.5

159

0.83

Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of

Page 1 of 7

10m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 5m, and intervals of >30 gram metres (calculated as the weighted average of consecutive assayed interval multiplied by the Au grade in ppm exceeding a value 30, with no internal dilution) are tabled. Au grades are reported to two significant figures.

In addition to this release, a PDF version of this report, with supplementary information can be found at the Company's

website:www.greatlandgold.com/media/jorc/

Further Information on Newcrest Drilling and Operations at Havieron

Exploration activities at Havieron are operated by Newcrest under a Farm-in Agreement with Greatland. The Havieron deposit is centred on a magnetic anomaly located 45km east of Telfer. Exploration drilling by Greatland during 2018 resulted in the discovery of significant gold and copper mineralisation under 400m of post mineral cover. Newcrest commenced drilling at Havieron during the June 2019 quarter.

Analytical results released today are considered outstanding (Table 1). The results today represent one of the best set of drilling results at Havieron since Newcrest began its exploration campaign: based on gold gram-metre calculations, three holes reported today have in excess of 400 gold gram-metres (HAD042, HAD044 and HAD049) with best result of 500 gold gram-metres (82m @ 6.1 g/t Au, 0.41% Cu from 461m - HAD049).

A further 10,062m of new drilling has been completed since December 2019. Ongoing drilling and assay results confirm broad widths of gold mineralisation at Havieron. Drilling at Havieron continues to expand and demonstrate the continuity of high grade mineralisation which now extends over a strike length of 450m, to vertical depths of 600m and remains open at depth and to the northwest. This zone is supported by 25 mineralised intercepts to date.

Drilling has also further developed understanding of mineralised breccias proximal to the arcuate mineralised zone, with broad intercepts supporting potential for bulk mineable options. Best grades within the breccia zone are developed within 100m of the arcuate mineralised zone. The mineralised breccias have been observed to 1200m below surface and remain open at depth. Further drilling is required to understand the controls and dimensions of breccia-related mineralisation.

Results to date support potential for both high-grade selective and bulk mining methods, which are currently being evaluated. An additional 20,000 metres of drilling is planned by Newcrest to support the objective of delivering a maiden resource estimate in the second half of calendar year 2020. A number of environmental, geotechnical and metallurgical studies are continuing in order to support a potential mineral resource estimate, and future permitting requirements.

Stage 2 of the Farm-in continues. Currently, eight drill rigs are operational. An expanded 90 person camp is on-site to support ongoing operations. Greatland expects Newcrest to complete Stage 2 of the Farm-in Agreement by the end of March 2020.

Additional drill hole information is presented in Appendix I and tabulated drill hole intercepts are presented in Appendix II.

Deposit mineralisation is hosted by metasedimentary (meta-sandstones,meta-siltstones and meta-carbonate) and intrusive rocks. Gold and copper mineralisation is hosted in breccia, vein and massive sulphide replacement styles, typical of intrusion- related and skarn types of mineralisation. The main sulphide mineral assemblage contains well developed pyrrhotite- chalcopyrite and pyrite. Alteration assemblages associated with mineralisation are amphibole-carbonate-biotite-sericite-chlorite. Higher grade gold zones (+10g/t Au) are often associated with quartz/chalcopyrite-pyrite veining.

Background to Havieron and Farm-in Agreement with Newcrest

In March 2019, Greatland entered into a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper discovery in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m. Newcrest may acquire an additional 5% interest at the end of the Farm-in period at fair market value.

Greatland's Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the Black Hills licence.

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson

Competent Person:

Information in this announcement that relates to exploration results has been extracted from the following announcements:

"Exploration and Guidance Update", dated 11 March 2020 "Newcrest Quarterly Exploration Report", dated 30 January 2020

"Exploration Update - Drilling Returns High Grade Results at Havieron", dated 2 December 2019 "Newcrest Quarterly Exploration Report - September 2019", dated 24 October 2019 "Exploration Update - Havieron", dated 10 September 2019

"Newcrest Quarterly Exploration Report - June 2019", dated 25 July 2019

Information in this announcement, which has been taken from Newcrest Mining Limited's announcement "Exploration and Guidance Update", dated 11 March 2020, has been reviewed and approved by Mr Mick Sawyer, a member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist ( R.P.Geo #10194), who has more than 15 years relevant industry experience. Mr Sawyer is Exploration Manager and a full-time employee of Greatland Pty Ltd, and holds employee options in Greatland Gold plc . Mr Sawyer, has sucient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr Sawyer consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr Sawyer confirms that the Company is not aware of any new information or data that materially aects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

Additional information on the project can be found on the Company's website at www.greatlandgold.com/paterson/

In addition to this release, a PDF version of this report, with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc/

Enquiries:

Page 2 of 7

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: +44 (0)20 3709 4900

Email:info@greatlandgold.com

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: +44 (0)20 3368 3550

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel: +44 (0)14 8341 3500

Numis Securities Limited (Joint Broker)

John Prior/Paul Gillam/Alamgir Ahmed

Tel: +44 (0)20 7260 1000

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: +44 (0)20 7618 9100

Notes for Editors:

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.

The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper deposit in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65 million.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.

APPENDIX I

Havieron Project (Greatland Gold plc farm-in agreement): JORC Table 1

Section 1 Sampling Techniques and Data

Criteria

Commentary

Sampling

Diamond core samples are obtained from diamond drilling in Proterozoic

techniques

basement lithologies. PQ-HQ and NQ diameter diamond core was drilled on a

6m run. Diamond core was cut using an automated core-cutter and half core

sampled at 1 m intervals with breaks for major geological changes. Sampling

intervals range from 0.2 - 1.0 m. Cover sequences were not sampled.

Drilling

Permian Paterson Formation cover sequence was drilled using mud rotary

techniques

drilling. Depths of cover typically observed to approximately 420 m vertically

below surface. Steel casing was emplaced to secure the pre-collar.

Diamond drilling was advanced from the base of the cover sequence with

PQ3, HQ3 and NQ2 diameter coring configuration.

Diamond core from inclined drill holes are oriented on 3m and 6m runs using

an electronic core orientation tool (Reflex ACTIII). At the end of each run, the

bottom of hole position is marked by the driller, which is later transferred to

the whole drill core run length with a bottom of hole reference line.

Drill sample

Diamond core recovery is systematically recorded from the commencement of

recovery

diamond coring to end of hole, by reconciling against driller's depth blocks in

each core tray with data recorded in the database. Drillers depth blocks

provided the depth, interval of core recovered, and interval of core drilled.

Diamond core recoveries were typically 100%, with isolated zones of lower

recovery.

Cover sequence drilling by the mud-rotary drilling did not yield recoverable

samples.

Logging

Geological logging recorded qualitative descriptions of lithology, alteration,

mineralisation, veining, and structure (for all diamond core drilled - 6,251.3m),

including orientation of key geological features.

Geotechnical measurements were recorded including Rock Quality

Designation (RQD) fracture frequency, solid core recovery and qualitative rock

strength measurements.

Magnetic susceptibility measurements were recorded every metre. The bulk

density of selected drill core intervals was determined at site on whole core

samples.

All geological and geotechnical logging was conducted at Havieron site.

Digital data logging was captured on diamond drill core intervals only, and all

data validated and stored in an AcQuire database.

All drill cores were photographed, prior to cutting and/or sampling the core.

Page 3 of 7

Sub-sampling

Sampling, sample preparation and quality control protocols are considered

techniques

appropriate for the material being sampled.

and sample

Diamond core was cut and sampled at the Telfer and Havieron core

preparation

processing facility. Half core samples were collected in pre-numbered calico

bags and grouped in plastic bags for dispatch to the laboratory. Sample

weights typically varied from 0.5 to 4 kg. Sample sizes are considered

appropriate for the style of mineralisation. Drill core samples were freighted

by air and road to the laboratory.

Sample preparation was conducted at Intertek Laboratory, Perth. Samples

were dried at 105oC, and crushed to 95% passing 4.75 mm, and the split to

obtain up to 3 kg sub-sample, which was pulverised (using LM5) to produce a

pulped product with the minimum standard of 95% passing 106 μm.

Duplicate samples were collected from crush and pulp samples at a rate of

1:20. Duplicate results show an acceptable level of variability for the material

sampled and style of mineralisation.

Periodic size checks (1:20) for crush and pulp samples and sample weights

are provided by the laboratory and recorded in the Acquire database.

Quality of

Assaying of diamond drill core samples was conducted at Intertek, Perth. All

assay data

samples were assayed for 48 elements using a 4-acid digestion followed by

and

ICP-AES/ICP-MS determination (method 4A/MS907). Gold analyses were

laboratory

determined by 50 g fire assay with AAS finish (method FA50N/AA).

tests

Sampling and assaying quality control procedures consisted of inclusion of

certified reference material (CRMs), coarse residue and pulp duplicates with

each batch (at least 1:20).

Assays of quality control samples were compared with reference samples in

AcQuire database and verified as acceptable prior to use of data from

analysed batches.

Laboratory quality control data, including laboratory standards, blanks,

duplicates, repeats and grind size results are captured in Acquire database

and assessed for accuracy and precision for recent data.

Extended quality control programs have commenced with pulp samples

submitted to an umpire laboratory and combined with more extensive re-

submission programs.

Analysis of the available QC sample assay results indicates that an acceptable

level of accuracy and precision has been achieved and the database contains

no analytical data that has been numerically manipulated.

The assaying techniques and quality control protocols used are considered

appropriate for the data to be used for reporting exploration drilling results.

Verification of

Sampling intervals defined by the Geologist are electronically assigned sample

sampling and

identification numbers prior to core cutting. Corresponding sample numbers

assaying

matching pre-labelled calico bags are assigned to each interval.

All sampling and assay information were stored in a secure Acquire database

with restricted access.

Electronically generated sample submission forms providing the sample

identification number accompany each submission to the laboratory. Assay

results from the laboratory with corresponding sample identification are

loaded directly into the Acquire database.

Assessment of reported significant assay intervals was verified by re-logging

of diamond drill core intervals and assessment of high-resolution core

photography. The verification of significant intersections has been completed

by company personnel and the Competent Person.

No adjustments are made to assay data, and no twinned holes have been

completed. Drilling intersects mineralisation at various angles.

Location of

Drill collar locations were surveyed using a dierential GPS with GNSS with a

data points

stated accuracy of +/- 0.5m for all drill holes reported.

Drill rig alignment was attained using an electronic azimuth aligner. Downhole

survey was collected at 6-12 m intervals in the cover sequence, and every 6 to

30 m in diamond drill core segments of the drill hole. At the end of hole, all

holes have been surveyed using a continuous gyro survey to surface (Axis

Mining Champ Gyro).

Topographic control is established from SRTM (1 second) topographic data and

derived digital elevation model. The topography is generally low relief to flat,

with an average elevation of 265 m, within dune corridors.

All collar coordinates are provided in the Geocentric Datum of Australian

(GDA94 Zone 51S).

Data spacing

The drill hole spacing ranges from 50 - 500 m in lateral extent within an area

and

of 1.5 square kilometres. The current drill hole spacing does not provide

distribution

sufficient information for the estimation of a Mineral Resource.

Significant assay intercepts remain open. Further drilling is required to

determine the extent of currently defined mineralisation. No sample

compositing is applied to samples.

Orientation of

Drill holes exploring the extents of the Havieron Mineral System intersect

data in

moderately dipping carbonate and siliclastic sedimentary facies, mineralised

relation to

breccia and sub-vertical intrusive lithologies. Mineralised zones have been

geological

modelled to be steeply dipping and have an arcuate shape, which remains

structure

open to the north west, and at depth. Geological modelling has been

interpreted from historic and Newcrest drill holes.

Drilling of reported holes HAD022, HAD029, HAD037, HAD038, HAD039 and

HAD049 are oriented perpendicular to a central dolerite dyke. The dolerite

dyke has a north-south orientation, with drilling established on an east-west

orientation.

Drilling direction has been modified for subsequent drill holes HAD042,

HAD043, HAD045, HAD046 and HAD047 in order to intersect perpendicular to

modelled positions of the high grade sulphide mineralisation zones; drill holes

have been oriented on a NE and NW drill direction in order to intersect the

mineralised zone at an intersection angle of greater than 40 degrees.

The high-grade arcuate mineralised sulphide zone has a true thickness

between 10 and 30 m, and has been defined over a strike length of up to 450

Page 4 of 7

m, and over 600 m in vertical extent. Mineralised breccias are observed,

however the orientation and extents of the breccia bodies are yet to be

defined by drilling, and remain open at depth.

Sample

The security of samples is controlled by tracking samples from drill rig to

security

database.

Drill core was delivered from the drill rig to the Havieron core yard every shift.

On completion of geological and geotechnical logging, core was transported

by vehicle to Telfer core processing facility by Newcrest personnel.

High resolution core photography and cutting of drill core was undertaken at

the Telfer core processing facility.

Samples were freighted in sealed bags by air and road to the Laboratory, and

in the custody of Newcrest representatives. Sample numbers are generated

directly from the database. All samples are collected in pre-numbered calico

bags.

Verification of sample numbers and identification is conducted by the

laboratory on receipt of samples, and sample receipt advise issued to

Newcrest.

Details of all sample movement are recorded in a database table. Dates, Hole

ID sample ranges, and the analytical suite requested are recorded with the

dispatch of samples to analytical services. Any discrepancies logged at the

receipt of samples into the analytical services are validated.

Audits or

Due to the limited duration of the program, no external audits or reviews have

reviews

been undertaken. Internal verification and audit of Newcrest exploration

procedures and databases are periodically undertaken.

Section 2 Reporting of Exploration Results

Criteria

Commentary

Mineral

The Havieron Project is entirely contained within 12 sub-blocks of E45/4701,

tenement and

which is 100% owned by Greatland Pty Ltd. Newcrest has entered into an

land tenure

Exploration Farm-In (EFI) agreement with Greatland Pty Ltd

and Greatland

status

Gold Plc eective 12 March, 2019, with Newcrest as Manager of the Havieron

Project. The Stage 1 expenditure commitment of US$10m under the Farm-in

agreement with Greatland Gold

has been met

and Newcrest has provided

notice that it wishes to proceed to Stage 2.

There is a current ILUA (Indigenous Land Use Agreement) signed in December

2015 which extends to the Havieron Project. All obligations with respect to

legislative requirements including minimum expenditure are maintained in

good standing. The exploration tenement E45/4701 was first granted 17 July

2017 for 5 years, expiring 16 July 2022.

Exploration

Newcrest Mining Limited completed six diamond core holes in the vicinity of

done by other

t h e Havieron Project from 1991 to

2003. Greatland

Gold

completed drill

parties

targeting and drilling of 9 Reverse Circulation (RC) drill holes with diamond

tails for a total of approximately 6,800 m in 2018. Results of drilling programs

conducted by Greatland Gold have previously been reported on the Greatland

Gold web site.

Drilling has defined an intrusion-related mineral system with evidence of

breccia- and massive sulphide-hostedhigher-gradegold-copper

mineralisation.

Geology

The Havieron Project is located within the north-western exposure of the

Palaeo-proterozoic to Neoproterozoic Paterson Orogen (formerly Paterson

Province), 45 km east of Telfer. The Yeneena Supergroup hosts the Havieron

prospect and consists of a 9 km thick sequence of marine sedimentary rocks,

and is entirely overlain by approximately 420 m of Phanerozoic sediments of

the Paterson Formation and Quaternary aeolian sediments.

Gold and copper mineralisation at Havieron consist of breccia, vein and

massive sulphide replacement gold and copper mineralisation typical of

intrusion-related and skarn styles of mineralisation. Mineralisation at the

prospect is hosted by metasedimentary rocks (meta-sandstones, meta-

siltstones and meta-carbonate) and intrusive rocks of an undetermined age.

The main mineral assemblage contains well developed pyrrhotite-chalcopyrite

and pyrite sulphide mineral assemblages as breccia and vein infill, and

massive sulphide lenses. The main mineralisation event is associated with

amphibole-carbonate-biotite-sericite-chlorite wall rock alteration. Drilling has

partially defined the extents of mineralisation which are observed over 450 m

within an arcuate shaped mineralised zone, and to depths of up to -1,100mRL.

Drill hole

As provided.

Information

Data

Significant assay intercepts are reported as (A) length-weighted averages

aggregation

exceeding 1.0 g/t Au greater than or equal to 10 m, with less than 5 m of

methods

consecutive internal dilution; and (B) length-weighted averages exceeding 0.2

g/t Au for greater than or equal to 20 m, with less than 10 m of consecutive

internal dilution, and (C) and intervals of >30 gram metres (calculated as the

weighted average of consecutive assayed interval multiplied by the Au grade

in ppm exceeding a value 30, with no internal dilution). No top cuts are

applied to intercept calculations.

Relationship

Significant assay intervals reported represent apparent widths. Insucient

between

geological information is available to confirm the geological model and true

mineralisation

width of significant assay intervals.

widths and

intercept

lengths

Diagrams

As provided.

Balanced

This is the sixth release of Exploration Results for this project made by

reporting

Newcrest. The initial Newcrest release is dated the 25 July 2019. The second

release is dated the 10 September 2019. The third release is dated the 24

October 2019. The fourth release is dated 2 December, 2019. The fifth release

is dated 30 January,

2020.

Earlier

reporting

of

exploration programs

conducted by Newcrest

and Greatland Gold have previously been reported.

Page 5 of 7

Exploration drilling programs are ongoing and further material results will be

reported in subsequent Newcrest releases.

Other

Nil.

substantive

exploration

data

Further work

Further work is planned to evaluate exploration opportunities that extend the

known mineralisation. Initial drilling conducted by Newcrest has confirmed

higher grade mineralisation, broadened mineralised extents defined by prior

drilling and extended the depth of observed mineralisation of the Havieron

prospect. The results of drilling to date indicate the limits of mineralisation

have been closed o to the east, and south, and remain open to the north,

and at depth. Drilling programs at Havieron are ongoing with eight drill rigs

currently in operation.

APPENDIX II

Drillhole Data

Havieron Prospect, Paterson, Western Australia

Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 5m, and intervals of >30 gram metres (calculated as the weighted average of consecutive assayed interval multiplied by the Au grade in ppm exceeding a value 30, with no internal dilution) are tabled. Au grades are reported to two significant figures. Samples are from diamond core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) rounded to 1 decimal place for reporting purposes.

Hole

Easting

Northing

RL

Total

From

To

Interval

Au

Cu

Hole ID

Depth

Azimuth

Dip

Cut off

Type

(m)

(m)

(m)

(m)

(m)

(m)

(ppm)

(pct)

(m)

HAD022

MR-DD

464345

7597648

258

901.6

270

-60

534

676

142

1.9

0.38

0.2 g/t

Au

incl

572.3

588

15.7

9.8

0.61

1.0 g/t

Au

incl

574

575

1

34

1.4

30 g.m.

Au

and

576

577

1

37

0.91

30 g.m.

Au

incl

594.7

614.7

20

2.4

0.87

1.0 g/t

Au

incl

620

636

16

1.5

0.52

1.0 g/t

Au

688

730

42

0.48

0.16

0.2 g/t

Au

755

792.2

37.2

1.4

0.29

0.2 g/t

Au

804

897

93

1.1

0.11

0.2 g/t

Au

incl

821

834.8

13.8

2.4

0.48

1.0 g/t

Au

incl

867.3

868

0.7

50

2.2

30 g.m.

Au

HAD029

MR-DD

463597

7597701

260

1717.2

90

-63

612

648

36

0.83

0.13

0.2 g/t

Au

660

747.8

87.8

0.29

0.10

0.2 g/t

Au

760

804.9

44.9

0.34

0.08

0.2 g/t

Au

837.6

991.4

153.8

0.66

0.08

0.2 g/t

Au

incl

931.9

933

1.1

32

0.35

30 g.m.

Au

1003.3

1110

106.7

1.8

0.02

0.2 g/t

Au

incl

1026

1041

15

2.6

0.05

1.0 g/t

Au

incl

1059.7

1060.5

0.8

95

0.15

30 g.m.

Au

incl

1077

1090.1

13.1

3.7

0.03

1.0 g/t

Au

1125.5

1192.4

66.9

0.21

0.05

0.2 g/t

Au

1217.4

1265

47.6

0.42

0.07

0.2 g/t

Au

1334.5

1363

28.5

2.2

0.12

0.2 g/t

Au

incl

1347.9

1360

12.1

4.5

0.25

1.0 g/t

Au

1460

1594.2

134.2

0.81

0.23

0.2 g/t

Au

incl

1473

1496

23

2.7

0.14

1.0 g/t

Au

HAD037

MR

464450

7597800

258

480.7

270

-62

Hole abandoned in cover sequence

HAD038

MR-DD

463849

7597850

257

949.2

90

-62

451.3

661.7

210.4

0.32

0.07

0.2 g/t

Au

HAD039

MR-DD

464600

7597750

260

1278.9

266

-60

Awaiting assays

HAD040

MR-DD

464000

7597703

258

75

270

-60

Hole abandoned in cover sequence

HAD041

MR-DD

463793

7597996

256

445

90

-61

Pre-collar only - in progress

HAD042*

MR-DD

463749

7597397

261

1284.9

45

-58

622.1

710.9

88.8

1.2

0.18

0.2 g/t

Au

incl

638

653.7

15.7

1.4

0.31

1.0 g/t

Au

incl

686

703

17

2.8

0.20

1.0 g/t

Au

734

858

124

3.9

0.21

0.2 g/t

Au

incl

737

751

14

4.7

0.30

1.0 g/t

Au

incl

790.7

808

17.3

19

0.62

1.0 g/t

Au

incl

804

807.1

3.1

91

2.0

30 g.m.

Au

incl

824

837.3

13.3

3.4

0.14

1.0 g/t

Au

incl

843

853

10

1.9

0.26

1.0 g/t

Au

Awaiting assays from 877m to end of hole

HAD043

MR-DD

463850

7597370

266

1160.4

45

-58

Awaiting assays

HAD044

MR-DD

464489

7597695

258

920.1

270

-59

489.5

572.8

83.3

5.0

1.1

0.2 g/t

Au

incl

489.5

557.6

68.1

6.0

1.4

1.0 g/t

Page 6 of 7

Au

incl

511

513

2

32

1.4

30 g.m.

Au

and

524

525

1

30

2.5

30 g.m.

Au

585

622

37

0.64

0.09

0.2 g/t

Au

848

880

32

0.37

0.16

0.2 g/t

Au

HAD045

MR-DD

464383

7598090

257

1176.5

225

-55

634.3

786

151.7

0.60

0.08

0.2 g/t

Au

incl

649.2

661.5

12.3

1.7

0.30

1.0 g/t

Au

887.7

910

22.3

0.32

0.01

0.2 g/t

Au

922

957

35

0.27

0.01

0.2 g/t

Au

968

1004

36

2.9

0.03

0.2 g/t

Au

incl

1000

1001.2

1.2

84

0.22

30 g.m.

Au

1014.2

1036

21.8

0.51

0.02

0.2 g/t

Au

1070

1083

13

1.2

0.70

1.0 g/t

Au

HAD046

MR-DD

464273

7598202

257

440

225

-62

Pre-collar only - in progress

HAD047

MR-DD

464320

7598168

257

741.7

225

-55

533

578

45

0.36

0.05

0.2 g/t

Au

HAD048

MR-DD

464274

7598204

257

425.2

225

-67

Pre-collar only - in progress

HAD049

MR-DD

464400

7597750

260

684.8

270

-67

461

543

82

6.1

0.41

0.2 g/t

Au

incl

461.2

496

34.8

9.2

0.64

1.0 g/t

Au

462

463.2

1.2

43

0.01

30 g.m.

Au

466

467

1

110

0.02

30 g.m.

Au

512

512.7

0.7

63

2.3

30 g.m.

Au

540.2

540.7

0.5

159

0.83

30 g.m.

Au

569

592

23

0.30

0.04

0.2 g/t

Au

*partial intercept, assays pending

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END

DRLSFUSMFESSELD

Page 7 of 7

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Greatland Gold plc published this content on 11 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2020 10:13:24 UTC