New Age Exploration announced it has received preliminary results from its recently completed first phase of Ultrafine geochemical soil surveys, completed over several selected high priority areas of the Company's extensive Central Pilbara Gold-Lithium Project in Western Australia. The Project is centred over the highly prospective yet under-explored Mallina - Whim Creek Basin of the Pilbara Craton, Western Australia, in close proximity to the World Class Wodgina and Pilgangoora Lithium Mining Operations and the recently discovered Hemi Gold Deposit (Mineral Resources/Albermarle JV, ASX: MIN; Pilbara Minerals, ASX: PLS and De Grey Mining, ASX: DEG respectively). A total of 5,300 samples were collected and submitted to LabWest, Perth for multi-element ultrafine soil analyses to assess the lithium and gold prospectivity over a number of target areas selected on the basis of detailed geophysics and conceptual geology.

The results presented in this release are preliminary. Final interpretation of all of the results will be completed by the CSIRO's Department of Mineral Resources as part of NAE's key sponsorship role in the CSIRO's Ultrafine+ NextGen Analytics Project. The areas sampled in this first phase program included: Brahman - 1,880 samples, Bullock Well - 789 samples, Quartz Hill - 2,631 samples.

Two exceptionally robust lithium anomalies with coincident elevated pathfinder elements, have been identified proximal to the southeastern margin of a targeted granite pluton of the Sisters Supersuite - a confirmed source of spodumene bearing pegmatites elsewhere in the Pilbara. The anomalies range from 3 to 8km's long, 2 to 4km's wide and are defined by lithium values ranging from 150ppm up to a maximum of 843ppm lithium. Each anomaly remains open.

Three strong lithium anomalies with elevated pathfinder elements have been identified over strike lengths of 1km to more than 5km's and widths of 1km to 3km's. They are defined by coherent lithium values ranging from 100ppm up to a maximum of 225ppm lithium and are all supported by coincident elevated multi-element pathfinders. The anomalies are situated several km's northeast of the historical Friendly Creek alluvial tin-tantalum mining centre within the western extension of the Wodgina Greenstone Belt which hosts the world class Wodgina Lithium Mine, (Mineral Resources/Albermarle JV and the Mt Francisco Lithium Deposit, Pilbara Minerals. Final results will be presented following a full assessment by the CSIRO's Department of Mineral Resources as a part of NAE's sponsorship of the CSIRO's Ultrafine+ Next Gen Analytics Project.

These are expected to be received in First Quarter 2023. The company will commence an immediate follow up Helicopter reconnaissance programme to assess these priority areas in more detail prior to the closure of the 2022 field season. The outcomes from these activities will be used to refine and prioritise both gold and lithium drill targets.