Exceptional Results from First Drill Hole at Havieron

Greatland Gold announced exceptional laboratory assay results from the Company’s first drill hole (HAD001) at its 100% owned Havieron licence in the Paterson region of Western Australia.

Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m, including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m, including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m.

It follows last week’s rapid discovery of gold nuggets within the first days of Greatland’s maiden exploration campaign at Black Hills and the commencement of its drilling campaign at Ernest Giles.

Highlights:

• Exceptional drill assay results from Greatland’s first drill hole (HAD001) at Havieron establish the presence of high grade gold (peak 137.69g/t or 4.4 ounces per tonne) within the mineralised zone and highlight the potential for Havieron to represent a very large mineralised system;
• Laboratory assay results for first drill at Havieron (HAD001) include 121m at 2.93g/t gold (Au) and 0.23% copper (Cu) from 497m to 618m including;

• • 2m at 4.82g/t Au and 0.95% Cu from 497m;
  • 2m at 5.45g/t Au and 1.14% Cu from 508.5m;
  • 1m at 15.60g/t Au from 535m;
  • 11.5m at 21.23g/t Au and 0.67% Cu from 568.5m including;
    • 2.5m at 35.20g/t Au and 0.69% Cu from 571.5m including;
      • 0.5m at 137.69g/t Au and 1.84% Cu from 573m
    • 3m at 19.96g/t Au and 0.87% Cu from 574.5m including:
      • 0.5m at 100.15g/t Au and 4.11% Cu from 575.5m
    • 2m at 40.63g/t Au and 0.66% Cu from 578m including
      • 0.5m at 90.52g/t Au and 0.74% Cu from 578.5m, and
      • 0.5m at 63.55g/t Au and 0.34% Cu from 579.5m;
  • 8m at 3.45g/t Au and 0.13% Cu from 598m.

    Elevated gold and copper results persisted to end of hole suggesting the mineralisation continues at depth, which is supported by the results of forward modelling of detailed geophysical data (see announcement dated 14 February 2018);

• First drilling campaign at Havieron comprised four vertical core holes for a total of approximately 2,400 metres, results for three remaining holes (HAD002, HAD003 and HAD004) are pending and are expected to be available within the coming weeks.