KGL Resources Limited reported the final assay results from a recently completed 22-hole diamond drilling program at the Reward Deposit. This program was initiated in an effort to increase mineral resource at relatively shallow depth within a 370-metre "Gap" between the Reward Main Shoot and the Reward Deeps Shoots, where no high- grade mineralised shoots had been previously modelled. During the Company's 2021 drilling program, encouragement for the existence of high-grade shoots in this "Gap" was obtained in two drillholes: KJCD447: 4.47m @ 3.81% Cu, 22.0g/t Ag, 0.05 g/t Au from 176.4m; And: 4.22m @ 3.18% Cu, 235.8 g/t Ag, 0.27 g/t Au from 195.07m.

KJCD448: 2.57m @ 2.26% Cu, 35.0 g/t Ag, 0.09 g/t Au from 217.9m; And: 5.16m @ 2.73% Cu, 23.2 g/t Ag, 0.29 g/t Au from 253.0m. The assays reported here are the results of a program to follow up on these four high-grade copper intersections. In the recent Reward mineral resource update, based on the intersections in KJCD447, KJCD448 and historical drilling, two new copper shoots were modelled: Main HW and Main FW.

The current set of drilling results will further enhance and define these two shoots. The drilling at Reward Gap has been successful, with the majority of holes intersecting copper of potentially economic grade. Based on the success of the drilling to date, 4 additional holes are planned to follow up the intersection in KJCD495: Success in these new holes will expand the existing Reward Main HW Domain to the north, thus increasing mineral resources in an easily accessible part of the Reward deposit.

Although, these expanded resources will not be included in the current feasibility study, it does provide the opportunity to upgrade the study in the future.