Many Peaks Gold Limited announced assay results have been received for the extension soil sampling campaign at the Company's Mt Weary Gold Project (Mt Weary) in Queensland. Following initial drill success at Mt Weary in the June quarter, the Company has continued to advance surface geochemistry focused on refining extension targets north of the Boggy Creek prospect drilling area within the larger Mt Weary gold corridor. The recent soil sampling campaign has delineated two coherent gold anomalies associated with additional intrusion bodies mapped from geophysics and extends gold anomalism of the Child's prospect area further north.

Mt Weary Gold Project, Childs Prospect - Soil Results: The Childs prospect soils were collected on a 50m by 200-400m spaced grid totalling 156 samples covering a 1.6km by 1.6km area. Peak results include up 167ppb gold. The soil survey is part of a larger campaign by the Company advancing systematic geochemistry coverage at the Mt Weary Gold Project, Monal Gold Project and the Rawlins Gold Project.

Peak values in the Mt Weary survey were encountered on the margins of a magnetic body interpreted to be a potentially mineralised intrusion, and the peak values reported are located approximately 300m south of skarn altered rocks identified in the field. Following compilation of current and previous results in context of regolith and terrain, two coherent and untested anomalies have been identified at the Child's Prospect, including an anomalous zone extending 1km along the margins of the magnetic feature at Childs prospect. MPG will follow-up with more detailed mapping to refine extents of a planned ground induced polarity (IP) geophysics survey, which was an effective tool for identifying sulphide mineralisation to the south at Boggy Creek.

Alternatively, the company will also review pending mapping results of the anomalous zones to consider follow-up drill testing either prior to, or in lieu of applying geophysical techniques. Monal Gold Project ­ Soil Sampling & Mapping Update: The Monal Gold Project (Monal) is located approximately 18km northwest of Mt Weary. The project area is host to a +5km long corridor of historic gold mines and occurrences including a 2km extent historically known as the Monal goldfields at the project areas southwestern extent, with dozens of individual gold workings and several historical underground operations.

Drill testing of the corridor is in its infancy in the Monal Goldfields, and the northern extent of the district in the vicinity of the Patriot and Mt Forrest occurrences remains untested. A mapping and surface geochemistry survey over the northern extent of the Monal Project was initiated in the previous quarter, completing the first systematic surface geochemistry coverage over the Patriot and Mt Forrest occurrences at the northernmost extent of the 5km long mine corridor. Reconnaissance rock chip and soil sample fieldwork for this initial campaign of surface geochemistry at Monal has completed in the December quarter with soil samples currently in transit for analyses.

The Monal soils have been collected on a 50m by 200-400m spaced grid totalling 107 samples covering a 1.0km by 0.8km area. During sample collection, field crews have identified an additional set of workings southeast of Mt Forrest not located in the historical occurrences datasets, indicating potential for further continuity and extension to the mineralisation in the district. Further work for the Monal project area will be planned in context of additional results anticipated in late January.