Panther Metals plc announced the findings of the follow-up geochemical soil sampling programme in the Barker area of the Manitou Lakes Project in Ontario, Canada. Manitou Lakes covers a total area of approximately 98km2 and is located within the gold endowed Kenora Mining District on the Eagle - Manitou Lakes Greenstone Belt, approximately 300km east of the city of Thunder Bay. This follow-up soil programme has successfully delineated a further 300m strike extent of linear anomalous and high grade gold in soils at the Barker prospect area.

These results, in addition to the results announced 21 September 2022 2, extend the north-northwest trending gold in soil anomaly at Barker to 700m with the mineralised ground remaining open along strike in both directions, with the historical workings of the Barker Bros. Mine situated a further 200m south of the enlarged gold target. The gold anomaly is coincident with a mapped shear structure and is parallel to electromagnetic and magnetic geophysics anomalies identified by regional and historical geophysical datasets.

The soil survey results have effectively extended the area of interest for the planned induced polarisation ("IP") geophysics survey work and future drill target planning which are the subject of current exploration permit applications. Soil Survey Details: The Manitou Lakes, Barker Prospect area enlarged soil programme consisted of a further 137 soil samples collected over a 100m-150m wide by 300m long survey grid, directly to the NNW of the previous Barker Area soil sampling grid undertaken this summer 2. The soil samples were collected on 25m spaced survey lines at an average 10m sample spacing, with the survey grid positioned to investigate the strike extent of the linear gold anomaly identified from the previous assay results received in September 2022. Sample analysis for gold was conducted by AGAT Laboratories of Mississauga, Ontario using their (202-552) Fire Assay - Trace Au, ICP-OES finish (50g charge) package.