Many Peaks Gold Limited announced initial soil sampling results received for the Rawlins Project, located 20km northwest of Cannindah Resources Ltd.'s Mt Cannindah copper-gold resource. Exploration at the Rawlins Project is focused on multiple interpreted intrusions associated with copper and gold anomalism outlined by recent surface geochemistry campaigns undertaken by MPG. The Rawlins Project is host to a number of prospects associated with multiple intrusions not previously recognised in the region.

The cluster of intrusion signatures in magnetics are situated on the margins of the larger Monal Granodiorite body.and are associated with porphyry type surface geochemistry and alteration occuring over an area of approximately 3km x 5km. Several individual prospect areas are identified within the Rawlins Project comprising the Rough Gully, Copper Knob and Eastern Star prospects. These three prospects are clustered together and are likely genetically linked.

Rough Gully and Eastern Star prospects each provide indications of strong copper-gold anomalism and host favourable mineralisation with gossanous quartz spoils around historical workings and other mapped quartz veining. Peak assay results from these prospects include: 31.1g/t gold with 56.1g/t silver and 0.6% copper; 22.8g/t gold with 100g/t silver & 0.39% copper in rock chips immediately south of Rough Gully; 4.4 m @ 1.21 g/t gold, with 10g/t silver and 0.44% copper (CH21ES01); 1.2 m @ 3.49 g/t gold with 11g/t silver, 0.73% copper (CH21ES02) from Eastern Star channel sampling. The new soil results extend both gold and copper anomalism at the Rawlins Project into the Eastern Star prospect area, significantly expanding the footprint of anomalism for copper-gold porphyry targeting at the broader 5km by 3km project area.

Anomalism is located adjacent to the western margin of basalt flows (Tertiary basalt) in mapping, which are late (post-mineral) volcanic activity in the area. This basalt unit is relatively thin and covers a portion of the Rawlins Project area meaning surface geochemistry is relatively ineffective. With these results, MPG has identified copper-gold anomalism extending out from under both sides of the approximately 1km wide area of basalt cover, indicating potential for anomalism to extend under the cover sequence and bolstering the tenor of the geochemistry target indicative of porphyry style copper-gold mineralisation within the Rawlins Project.

Soil Results: The Eastern Star soils were collected on a 50m by 200m grid totalling 102 sample sites and cover an 800m x 1km area. Peak results for gold include up to 367ppb and 229ppb gold and peak results for copper include up to 203ppb and 162ppm copper. The soil survey is part of a larger campaign advancing systematic geochemistry coverage following mapping of prospects.

A copper anomaly extends for over 1km extent following a northwest trend and is located just north of previous trench activity on veining in the area that returned 4.4 m @ 1.21 g/t gold with 10g/t silver and 0.44% copper and 1.2 m @ 3.49 g/t gold with 11g/t silver and0.73% copper (CH21ES02). The copper and gold anomalism is located adjacent to the western margin of a basalt cover unit, which is more than 1km wide in plan view from southwest to northeast. The basalt cover is surrounded by copper and gold anomalism suggestive of the potential for the anomalous footprint to have continuity and extend beneath the cover, indicating potential for blind targets at Eastern Star.

Follow-up mapping and rock sampling is planned for the Rawlins Project, focusing on the Rough Gully prospect including extensions of surface geochemistry into the Copper Knob prospect. Planned surface geochemistry is intended to establish continuity of potential mineralisation for drill targeting and refining potential geophysical survey targets for the Rawlins Project. Drilling ­ Mt Weary Project: Assay results for the final samples of an initial 11-hole campaign at the Mt Weary Project have been received.

The assay results in the final two holes which were testing for additional width to the mineralising system where hole BCRC011 encountered massive sulphides associated with skarn alteration have returned no significant intercepts. Overall, the initial campaign of drilling by MPG has successfully expanded the footprint of mineralisation identified in historical drilling, which remains open in both directions along strike, including more than 2km of higher tenor surface anomalism yet to be tested. Previously announced results include: 2m @ 3.75g/t gold from 101m - RC Hole BCRC001; 2m @ 6.24g/t god from; 7m @ 2.04g/t gold from 13m - RC Hole BCRC003; 17m @ 0.75g/t gold from 10m, including 7m @ 1.28g/t gold; and 21m @ 0.48g/t gold from 109m to end of hole - BCRC005; 94m @ 0.49g/t gold from surface ­ RC93CH3; and 11m @ 0.53g/t gold from 73m - RC hole BCRC007.