Stellar Resources Limited (ASX: SRZ, 'Stellar' or the 'Company) is pleased to announce that it will restart tin exploration drilling this year on the Heemskirk Mining Lease and surrounding Exploration Licences near the town of Zeehan on the West Coast of Tasmania.

Highlights

As a result of significant increases in the tin price which has recently reached over US$28,000/t and new investor interest in Stellar's Heemskirk Tin Project, Stellar will restart tin exploration drilling on the Heemskirk Mining Lease and surrounding Exploration Licences this year.

Initial 2021 Tin Exploration Drilling Program to Proceed

An Initial 2021 Tin Exploration Drilling Program aimed at identifying new areas of high-grade tin mineralisation is currently in the final stages of planning. This program is expected to include 7 holes (approximately 3,000m) of diamond drilling and will be funded from Stellar's existing cash reserves.

The initial 2021 program targets depth extensions of 4 key historically mined silver-lead lodes in the highly mineralised Zeehan district located on Stellar's Licences. These mines typically produced ore with silver grades between 20 to 100 Oz/t Ag from fissure veins ranging from a few cm up to 2.7m wide mined over lengths of up to 300m which are valuable exploration targets in their own right.

Mineralisation of the Zeehan district is strongly zoned with late-stage galena-sphalerite-silver fissure veining typically extending several hundred meters above underlying tin mineralisation zones. The initial 2021 program targets depths below the historically mined silver-lead lodes at which transition to tin mineralisation can be expected to have occurred and which have never been drill tested.

Forward Looking Statements

This report may include forward-looking statements. Forward-looking statements include but are not limited to statements concerning Stellar Resources Limited's planned activities and other statements that are not historical facts. When used in this report, the words such as 'could', 'plan', 'estimate', 'expect', 'intend', 'may', 'potential', 'should' and similar expressions are forward-looking statements. In addition, summaries of Exploration Results and estimates of Mineral Resources and Ore Reserves could also be forward-looking statements. Although Stellar Resources Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The entity confirms that it is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning this announcement continue to apply and have not materially changed. Nothing in this reportshould be construed as either an offer to sell or a solicitation to buy or sell Stellar Resources Limited securities.

Contact:

Gary Fietz

Tel: 0408 489 957

Email: gary@widerange.net.au

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