Member Info for Positivevibes

Cottesloe Project Highlights:

· Rock chip geochemical sampling results reported up to 298g/t Ag

· Multiple significant drilling results including:

o SCR225: 5m at 102g/t Ag from 14m

§ Including: 2m at 165g/t Ag

o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m

o EWP-2: 22m at 42.7g/t Ag from 8m

§ Including 8m at 72.13g/t Ag from 22m

o EWP-3: 18m at 29.3g/t Ag from 6m

o EWP-7: 20m at 35.9g/t Ag from 2m

§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m

o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m

o EWP-12: 8m at 58.37g/t Ag from 20m

o EWP-24: 8m at 54.87g/t Ag from 40m

· Mineralisation trends interpreted to be over a 12km strike

Wishbone Gold Plc, the London listed precious metals trading and exploration company, advises that it has signed an exclusive deal to acquire 100% ownership of the 92.19 square kilometres Cottesloe Project in the Patersons Range region of Western Australia (the "Cottesloe Project"). This proposed acquisition will more than double Wishbone's exposure in the well-endowed gold province of the Patersons, increasing Wishbone's tenement holding to 159 km2 from 67 km2.

We hit 14.5 last week in anticipation for Red setter drilling campaign - everyday is a day closer and currently it's the longest time it's in between updates, can't be far.

+ Cottesloe Aerial survey - currently with excellent silver and copper grades across a 12km strike length - will further strengthen talks of possible JV with our boardering major's - sub 20mil Mcap

In addition, Chariot has received a non-binding EOI for the provision of Reserves Base Lending for the development of the Anchois Gas Discovery with a Multinational Investment Bank.

Both EOI's take into account the estimated capex required to bring the development online, anticipated to be in the region of US$300-500 million, but they also identify Lixus as being an important strategic asset, with strong Environmental, Social and Governance ("ESG") credentials, that has the potential to help Morocco transition to a low carbon economy, as it seeks to satisfy an anticipated doubling in domestic demand for energy over the next 20 years.

Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines, commented:

"We are pleased to have signed this MOU with the Ministry of Industry and Chariot in line with ONHYM's Mission and Strategy where we look to attract investment from the private sector to accelerate the development of resources in Morocco. We look forward to working further with our partner Chariot and assisting them with the advancement of the Lixus Offshore Licence."

Adonis Pouroulis, Acting CEO, commented:

"I am delighted to announce this MOU with the Ministry of Industry in Morocco. The Kingdom of Morocco is firmly focused on decarbonising its economy and diversifying its power sources and the development of the Anchois gas project will enable them to achieve this. Anchois has very strong ESG credentials and, once developed, it also has the potential to deliver considerable value for all stakeholders for decades to come.

The signing of this MOU is a significant step in our efforts to access the Moroccan gas markets. With the Kingdom of Morocco's support we intend to build on the positive conversations we are already having with entities involved in the Moroccan gas market, giving us greater confidence that we will sign the necessary agreements to expedite the development of this value accretive gas project, for the benefit of the Kingdom and Chariot's investors."

Load and hold

As announced on 25th February 2021, Conroy Gold has engaged with Demir Export on a proposed JV covering the Company’s gold projects in the Longford-Down Massif. Demir Export belongs to the Koç Family who also own the largest industrial conglomerate in Turkey, a Fortune Global 500 company and Turkey’s leading investment holding company.

The letter of intent signed in respect of the JV proposal would also provide the considerable injection of working capital needed for the development of commercial mining operations at Clontibret and elsewhere along our district scale gold trend. The proposed JV with Demir Export, if completed, would mean a further €1 million payment being made to the Company together with an initial €9 million of expenditure (excluding operator fees, Demir Export in-house costs and minimum regulatory work commitments) over two phases which would earn Demir Export a 40% interest in the Company’s Longford Down Massif projects as a whole.

The third phase which will see expenditure by Demir Export of the additional funds required to reach declaration of construction-ready status (i.e. a bankable feasibility study or equivalent and all related mining permits achieved) - for Clontibret and/or other mine developments will earn an additional 17.5% interest in the development(s) thus increasing Demir Export’s holding to a total of 57.5% in those development(s). At this point Conroy Gold would retain a 42.5% interest with various further options including a “Carry Loan” on capital expenditure to commercial production enabling Conroy Gold to retain an externally funded 25% project interest with minimal further cash outlay. This ongoing ownership aspect was a particularly key element of the JV for the Company.

In the Longford-Down Massif, the Company has already delineated an existing JORC compliant gold resource of 517,000 ounces and a series of targets across the 65km long district scale gold trend.

The existing resource has been generated from drilling covering a small fraction of the Clontibret gold target, with the majority of drilling to a depth of less than 200m and a maximum depth of 350m. The Clontibret deposit is geologically comparable to the Fosterville deposit in Victoria, Australia.

Engaging with Demir Export, a proposed JV partner with considerable financial and operational strength, is exactly what is needed to accelerate our exploration and mine development activities.

As we move forward to conclude the formal JV agreement, the Company is pleased to secure this significant financing which changes the Company’s treasury and balance sheet and supports the various business development activities that are ongoing. We are seeking an efficient conclusion of the formal JV agreement, advancement of gold exploration in Ireland and the drilling of key targets at the Company’s Finland gold interests.

Placing at 33p - the market has currently priced Conroy to fail - although the JV can be concluded at anytime and we'

FINANCING SUMMARY

Placing and subscription of 5,670,449 ordinary shares of €0.001 each (“Ordinary Shares”) at a price of 33 pence per Ordinary Share to raise £1,871,249 before expenses (the “Financing Shares”). In conjunction with the Fundraising certain parties, including Professor Richard Conroy (Chairman of the Company), have also capitalised amounts owed to them totalling £378,751 through the issue of 1,147,726 new Ordinary Shares at the Issue Price (the “Debt Capitalisation Shares”). The Financing significantly strengthens the Company’s balance sheet and working capital position. The funds raised will be used by the Company to support activities in relation to the proposed joint venture (“JV”) with Demir Export A.S. (“Demir Export”), announced on 25 February 2021, to meet the commitments and associated costs on the Company’s various licences in Ireland and Finland, for exploration drilling on the copper/gold licences in Finland and for general working capital. Each Financing Share and Debt Capitalisation Share carries a warrant to subscribe for one new Ordinary Share at a price of 50 pence per Ordinary Share exercisable for a period of two years from the admission to trading on AIM of the Financing Shares and the Debt Capitalisation Shares (“Admission”), creating 6,818,175 Financing Warrants. Any warrant holder who exercises Financing Warrants on or before 31 December 2021 will also be issued with, for every Financing Warrant exercised, an additional warrant to subscribe for one Ordinary Share at a price of 100 pence (£1.00) per Ordinary Share, again with a life to expiry ending two years from Admission. If all Financing Warrants are exercised before 31 December 2021, 6,818,175 Super Warrants would be created. Should all the above Financing Warrants be exercised on or before 31 December 2021 and subsequently all Super Warrants be exercised, this would generate an additional c.£10.2 million of funding for the Company over and above the £2.25 million secured through this Financing.

9mil mcap - the JV will fund 9 mil + and the warrants a futher 10mil

Once the JV is concluded - drilling will easily expand the current 500k JORC resource in the surrounding 8.8 mil Oz and up to 15-20 mil ozs. The future of Conroy looks 10x+ larger than the current sub 10mil Mcap

Conroy could be the largest gold mine in all of the UK or Ireland - the JV would fund up to construction ready status and then to fully funding the mine to production - its a fantastic deal for demir export and could be concluded anyday now

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