Drilling Underway at the Hyperion REE Prospect Arkun Project

Drilling Underway at the Hyperion REE Prospect, Arkun Project, WA

· Drilling is well underway at the Hyperion Rare Earth Element (REE) Prospect to test a large Rare Earth Element (REE) soil geochemistry anomaly.

· The soil anomaly covers at least 3 km2 at greater than 1,000 ppm Total Rare Earth Oxide (TREO + Y) with peak values up to 5,880 ppm (0.59%) TREO+Y and Nd+Pr of up to 21% some of the highest REE in soil results reported in WA. The soil anomaly is hosted in weathered granite and is prospective for a large clay-hosted REE deposit.