The Board of Laneway Resources Limited ('Laneway' or 'the Company') (ASX: LNY) is pleased to advise of continuing high grade gold assay results from the drilling program completed earlier this year at the high grade Sherwood and Sherwood West deposits within Laneway's 100% owned Agate Creek Gold Project in North Queensland.

The drilling program followed the completion of the Multi-Element study, and was designed to confirm the interpreted intrusive related gold system (IRGS) potential and targeted: Interpreted extensions and repetitions at Sherwood & Sherwood West and The deeper interpreted high grade gold zones below Sherwood.

Further details of the results of the Multi-element study are contained in the Company's ASX announcement of 18 November 2021. Assay results from the first 38 holes in the program were contained in the Company's ASX announcements of 17 December 2021, 4 March 2022 and 23 March 2022

Laneway Managing Director, Brad Gordon commented: These results are being incorporated into pit designs for the current mining activities at Agate Creek and with the progress being made towards the restart of the Georgetown Gold Processing Plant, Laneway has a clear pathway to monetise the expanding high grade Mineral Resource being outlined at Agate Creek.

Contact:

Brad Gordon

Tel: (07) 3108 3500

Email: admin@lanewayresources.com.au

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