GOLDNEV RESOURCES INC V.GNZ

RE: About Pasquia Hills - Formosa

[rich471]

"Each well has 150 meters of oil shale cores?....or?...is that the total of the 10 cores?"

It was a total of the core holes drilled. There was actually a little bit more drilled not sent.

"The 150 metres of collected oil shale core samples in addition to the shale core samples from the two core holes believed to have not intersected oil shale have been shipped to AGAT Laboratories Ltd. of Calgary"

Minimum overburden for the seven intersected cores was 7.9 meters (26 feet) to a maximum of 43.6 metres (143 feet). https://www.marketwire.com/press-release/Goldnev-Resources-Inc-TSX-VENTURE-GNZ-895696.html



Hole Location Depth of Overburden Oil Shale Core Intersection
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16-29-47-12W2 32.9 metres (108 feet) 27.13 metres (89 feet)
1-14-47-12W2 43.6 metres (143 feet) 36.3 metres (119 feet)
5-7-47-12W2 101.2 metres (332 feet) oil shale core intersection
not reached
3-16-48-12W2 14 metres (46 feet) 26.8 metres (88 feet)
4-13-48-12W2 11 metres (36 feet) 32.6 metres (107 feet)
12-22-48-12W2 7.9 metres (26 feet) 27.1 metres (89 feet)
3-25-48-12W2 not applicable No oil shale core encountered
13-9-48-11W2 30.5 metres (100 feet) 11.0 metres (39 feet)
13-3-49-11W2 not applicable No oil shale core encountered
1-23-49-10W2 21.03 metres (69 feet) 4.9 metres (16 feet)