Gold $ 1780.80 4.20

Silver $ 25.93 0.11

Palladium $ 2779.60 59.60

Platinium $ 1197.00 15.50

Proven and Probable, Group Eleven

Group Eleven Intersects 10.3 m of 14.6% Zinc, 5.0% Lead and 43 g/t Silver at Carrickittle Prospect at 100%-owned PG West Project, Ireland

“The thickness of massive sulphides and associated grades reaching as high as 55.7%1 zinc and lead, was a much better result than expected. This intercept represents a breakthrough in our understanding of how mineralization is oriented at Carrickittle and offers a compelling hypothesis as to why historic drilling missed or seemingly only skimmed along areas of mineralization,” stated Bart Jaworski, CEO.

“Finding such high-grade mineralization at shallow depths is a very rare occurrence these days in the industry and it is highly encouraging for Group Eleven. Carrickittle is a prospect that lay largely dormant for over 54 years after it was labelled as ‘sub-economic’ in 1966. The prospect, however, now clearly appears under-drilled and under-conceptualized – and requires immediate follow-up.”

Carrickittle Prospect, PG West Project (near Limerick, Republic of Ireland)

The Carrickittle prospect is located on the Company’s 100%-interest PG West project located in the Limerick basin, in south-western Ireland (see Exhibit 1). The prospect lies within the Pallas Green Corridor, a 25 kilometre-long trend of mineralization defined by the Pallas Green deposit2 in the north and the Company’s Carrickittle, Ballywire and Denison prospects to the south.

For more information, please contact:

Shaun Heinrichs
Chief Financial Officer
E:     |  T: +1 604 630 8839


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