Kalgoorlie North gold project - commencement of resource extension drilling program

Highlights:

•·         An initial RC and diamond drilling campaign is expected to start next week at the Excelsior and Zoroastrian deposits at Bardoc.

•·         The drilling at Excelsior and Zoroastrian is the first part of a 7,470 metre drilling campaign targeting resource upgrades and a further increase in the existing JORC-compliant Inferred Resource of 366,000oz gold from 8Mt @ 1.4g/t Au.

•·         Multiple mineralised structures and the extensive existing drilling database offer potential for continued resource expansionin a major gold producing region with excellent infrastructure and proximity to existing processing facilities.

Emerging gold explorer, Atom Energy Limited (Atom) will commence a comprehensive resource extension drilling program on several deposits within the Kalgoorlie North Gold Project (Project) area in the coming weeks.

The drilling activity follows Atom's recently announced increase in the total JORC-compliant Inferred Resource at the Project to 8Mt at 1.4g/t Au for 366,000 ounces of contained gold.

The Kalgoorlie North Project covers 25 kilometres of strike of the highly prospective Bardoc Tectonic Zone in Western Australia’s major gold producing region and is in close proximity to excellent infrastructure and existing processing facilities.

The initial drilling program includes 2,600 metres of reverse circulation (RC) drilling and 140 metres of core drilling in 23 holes up to 280 metres deep to test depth and strike extensions to the Excelsior deposit in the old Bardoc Mining Centre. This initial program will test southern and depth extensions at the Excelsior deposit which currently hosts 4.2Mt grading 1.4g/t Au for 188,000 ounces of gold at a lower cut off of 0.6g/t Au.