Kairos Minerals Ltd. reported strong results of 33 drill holes at the 100%- owned Mt York Project in the Pilbara. Kairos completed 46 drill holes for 11,013.6m of drilling between September and December 2022 with the aim of 1) drilling beyond the current resource model, especially at depth to increase resources and 2) infill drilling within the resources to increase confidence in the resource category along the contiguous Main Trend (Main Hill - The Gap - Breccia Hill - Gossan Hill). Diamond core drilling accounted for 5,945.6m or 54% of the total drilling programme and has assisted in the collection of valuable data for geological modelling and to determine bulk densities for the next round of resource estimation.

Three additional holes were drilled but not sampled - two holes were drilled as pre-collars awaiting diamond tails and one diamond hole at Main Hill (KMYD070) was abandoned due to bad ground. Results for 33 of the 46 holes are reported here, results for the remaining 13 holes are pending and expected in February and March. The current mineral resource estimate for the project stands at 28.01 Mt @ 1.23 g/t Au for 1,104,000 Mozs Au1 including 13.93 Mt @ 1.3 g/t Au for 581,000 ounces (Indicated) and 14.08 Mt @ 1.15 g/t Au for 523,000 ounces (Inferred).

The Kairos team are confident that these new results, coupled with bulk density measurements of selected core samples, will support a significant increase in the mineral resource. The current results demonstrate consistent and wide zones of mineralisation, often with intervals of higher-grade gold mineralisation above the current global resource grade of 1.23 g/t Au within lower grade zones. This drilling has 1) tested extensions of mineralisation beneath historic drilling for new potential additions to mineral resources and 2) has tested areas with low-confidence resources (unclassified or inferred categories) to increase the amount of high-confidence resources (measured and indicated) in preparation for reserve estimation.

The holes are shown on the drill plan and results shown on the long-section representing some of the deepest drilling along the Mt York Main Trend, especially along the eastern half of the deposit (Breccia and Gossan Hills) where historic drilling was relatively shallow (<150m deep). Mineralisation at Main Hill, The Gap and Breccia Hill dip steeply to the SW, SSW & S respectively and forms an arcuate trend towards the east at Gossan Hill. Interestingly, the new drilling at depth at Gossan Hill confirms that the mineralisation shallows from an otherwise steep south dip closer to surface.

Main Hill mineralisation currently remains relatively undrilled due to challenges for drill-rig access. Hole KMYD071 was drilled into Main Hill and a 15.4m hangingwall zone of high-sulphides was reported2 - results are pending, expected in March 2023.