Thick, High-Grade Gold Including 7m @ 23.0g/t Au - Mangaroon

• Assays from 10 shallow RC holes (903m) drilled around the Star of Mangaroon gold mine have returned thick, high-grade intercepts including:

SOMRC004: 9m @ 13.4 g/t Au from 9m including 2m @ 59.4g/t Au from 16m

SOMRC005: 7m @ 23.0 g/t Au from 53m including 3m @ 48.9g/t Au from 54m

SOMRC006: 8m @ 15.5 g/t Au from 89m including 3m @ 30.4g/t Au from 90m

• The total drill program of 18 RC holes (1,725m) and 2 diamond holes (137.9m) was designed to confirm and extend mineralisation along strike and at depth from shallow historical drilling in the 1980s and 1990s which also returned high grades including:

MA10: 4m @ 26.0 g/t Au from 9m MA17: 7m @ 14.3 g/t Au from 21m

MA23: 2m @ 29.8 g/t Au from 19m MA43: 1m @ 53.0 g/t Au from 18m

SMC07: 4m @ 18.7 g/t Au from 8m SMC09: 4m @ 16.4 g/t Au from 14m

• The Star of Mangaroon is the largest of several historical mines within the >10km long Mangaroon Shear Zone which has seen historical drilling along only ~200m of strike. Dreadnought has already identified 7 new prospects in an area with camp scale potential which has never seen systematic exploration due to fractured, small scale ownership.

• Remaining assays are expected in January 2024. There will be a strong focus on gold along the Mangaroon Shear Zone in 2024.