Announcement • Apr 20

DGO Gold Limited Provides Exploration Update

DGO Gold Limited provided shareholders with an update on exploration conducted to date and plans for 2022 at Yerrida, Judge's Find, Pernatty, and Mallina. Yerrida-Bryah Basin: DGO's combined landholding of 4,574km2 at Yerrida and Judge's Find 75km south of Sandfire Resources' DeGrussa copper-gold mine and 60km northeast of Meekatharra, Western Australia is a substantial position second only to Sandfire Resources in the Yerrida-Bryah Basin. Air core, reverse circulation (RC) and diamond drilling within the under-explored Yerrida Basin tested for VHMS style copper-gold mineralisation in stratigraphy analogous to significant deposits such as DeGrussa. The drilling has identified multiplestratigraphic horizons at both Judge's Find and Mistletoe Well with multi-element geochemistry and alteration signatures consistent with VHMS style mineralisation. Key points: Extensively altered volcanic and sedimentary stratigraphy with high potential for hosting Volcanogenic Hosted Massive Sulphides (VHMS) has been intersected in drilling at Mistletoe Well and Judge's Find in the Yerrida-Bryah Basin, approximately 75km south of Sandfire Resources' DeGrussa copper-gold mine in Western Australia. A +600m long VHMS-style alteration zone near the basin margin was intersected in air core drilling of the complexly folded and faulted VHMS target horizon at Mistletoe Well. An intersection of 2m @ 0.5% Cu and 6g/t Ag in RC drilling at Judge's Find confirms the potential of previously identified VHMS target horizons. IOCG targets have been identified at Pernatty, South Australia by detailed gravity surveys at predicted depths to target of less than 400m. Drilling of Hemi-style targets at Mallina is anticipated to commence this quarter subject to finalising arrangements with native title parties. Drilling is ongoing at Yerrida and drilling at Pernatty is to commence in May.

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