Kairos Minerals Ltd KAIFF

New Drill Results

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OUTSTANDING DRILL RESULTS CONFIRM SIGNIFICANTLY LARGER GOLD SYSTEM AT MT YORK PROJECT Recently completed drilling hits wide zones of strong, shallow BIF hosted gold mineralization along a ~1km strike length immediately east of the historical Main Hill -Breccia Hill open pits. Results extend the full zone of gold mineralisation to ~3.5km’s. Highlights • Outstanding initial assay results received from recent 2,600m Reverse Circulation drilling program at the 100%-owned Mt York Gold Project in the Pilbara region of WA. • Assays from the first seven holes confirm visual assessment that the drilling has intersected wide zones of shallow BIF hosted gold mineralization within a previously untested area immediately east of the historical Main Hill - Breccia Hill open pits. Significant assays included: KMYC018: 22m @ 1.93g/t Au from 106m, including 5m @ 7.02g/t Au from 113m; and 1m @ 19.41g/t Au from 115m KMYC019: 22m @ 1.56g/t Au from 96m, including 16m @ 1.95g/t Au from 102m; and 1m @ 7.48g/t Au from 110m KMYC013A: 16m @ 1.21g/t Au from 137m, including 7m @ 1.53g/t Au from 146m; and 1m @ 3.84g/t Au from 151m KMYC014: 17m @ 1.05g/t Au from 86m, including 5m @ 2.38g/t Au from 98m; and 1m @ 9.06g/t Au from 101m KMYC015: 5m @ 5.17g/t Au from 188m; including 2m @ 8.40g/t Au from 190m • Drilling highlights continuity of shallow mineralization extending over a strike length of at least 1km immediately to the east of the current Main Hill - Breccia Hill Resource (Total Indicated and Inferred Resource: 123,000oz Au). • The results confirm that Mt York Project contains a significantly larger BIF-hosted gold system than previously thought, with strong potential to rapidly expand the current Mineral Resource (Total Indicated & Inferred Resource: 5.692Mt at 1.42g/t for 258,000oz Au) • Assays awaiting for an additional 13 holes results to be reported as received Kairos Executive Chairman Terry Topping said: “Mt York is rapidly emerging as a potential game-changer for Kairos. The recent drilling targeted potential extensions of the Breccia Hill resource immediately east towards several shallow historical intercepts at Gossan Hill. Our technical team identified a data shadow of some 400m in strike length in this area where previous explorers assumed the BIF had been structurally terminated. Early indications are that our drilling has delivered a major breakthrough, with all of the first seven RC holes returning significant widths and grades of shallow gold mineralisation – we’ve confirmed that the BIF is there, it’s well mineralised and open in all directions, indicating outstanding potential to expand the resource along this horizon.” “What is even more exciting is that there are further immediate drilling targets to the south-east of this zone and to the west, with the total strike length of prospective BIF horizon amounting to at least 3.5km. The current resources account for less than 50% of that, extending over just 1.5km. This clearly shows that the BIF-hosted gold system at Main Hill-Breccia Hill is much larger than previously thought, with outstanding potential to delineate significant shallow resources along the entire strike length. “There are also strong similarities between what we see at Mt York and other significant BIF-hosted gold systems in Western Australia, such as the Westralia deposit at Dacian Gold’s Mt Morgans Gold Project near Laverton. The rapid growth of that gold system into a 1.6Moz deposit has been an outstanding achievement and is something we have watched closely. We believe there is outstanding potential to pursue a similar strategy at Mt York. Once we develop a better understanding of the plunge controls and orientation of the mineralisation, we intend to target depth extensions of the shallow mineralisation we are uncovering along the BIF horizon. That represents an exciting future growth opportunity for us at Mt York.”