Horizon Gold Limited (ASX Code: HRN) ('Horizon' or 'Company') is pleased to advise that it has agreed with Panoramic Resources Limited (ASX: PAN) ('Panoramic') to extend the existing Management Agreement ('Agreement') between the Company and Panoramic on the same terms for a further six months, from 21 December 2019 until 21 June 2020.

Under the Agreement, Panoramic is responsible and accountable for the day to day running of the Horizon Group and provides technical, commercial, managerial and administrative expertise and services in connection with the Gum Creek Gold Project and other assets that Horizon may, from time to time, specify.

The material terms of the Agreement are detailed in Horizon's IPO Prospectus submitted to ASIC on 21 October 2016 (also refer to the Company's ASX announcement of 19 December 2016).

About the Company

Horizon Gold Limited (ASX:HRN) is an exploration company focused on its 100% owned Gum Creek Gold Project in Western Australia. The Gum Creek Gold Project hosts JORC 2012 Mineral Resources of 1.39 million ounces of gold. It is located within a well-endowed gold region that hosts multi-million ounce deposits including Big Bell, Wiluna, Mt Magnet, Meekatharra and Agnew/Lawlers. Horizon is undertaking exploration and development studies with the aim of becoming a stand-alone gold producer and is progressing with exploration and metallurgical test-work on the Altair zinc-copper-silver prospect which is located on the Gum Creek tenements.

Contact:

Victor Rajasooriar

Tel: +61 8 6266 8600

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