Expansion of Revere Gold & Base Metal Project

Everest Metals Corporation Ltd (ASX: $EMC) has expanded its Revere Gold & Base Metal Project by acquiring two exploration licences and applying for a new exploration licence. The project is located 90km NE of Meekatharra, in the Mid-West region of Western Australia. The expansion covers key prospective magnetic trend anomalies and aims to build on high-grade gold occurrences from surface as well as base metal orebodies at depth.

Executive Chairman/CEO Mark Caruso's Comments

EMC's move to expand its tenure across its Revere Gold & Base Metal Project reflects the Company's confidence of building on its high-grade gold occurrences from surface as well as base metal orebodies at depth. The new tenements connect the structural corridor over the significant portion of the Revere Reef magnetic anomalies.

Summary of Expansion and Outlook

Everest Metals Corporation (ASX: $EMC) has expanded its Revere Gold & Base Metal Project by acquiring two exploration licences and applying for a new exploration licence, effectively increasing the tenement package from 82km2 to 171km2. The expansion aims to cover an exploration right over the northeast-southwest favorable trend magnetic anomaly, reflecting the Company's confidence in building on high-grade gold occurrences and base metal orebodies. The project is located in a prolific gold producing region of Western Australia and aims to capitalize on known gold occurrences and strong base metal/gold potential at depth. The Company's focus on discoveries of Gold, Silver, Base Metals, and Critical Minerals in Tier-1 jurisdictions demonstrates its commitment to mineral discoveries and advancement of highly rated projects.