Paraburdoo – Exploration Project

Matsa’s 102km2 tenement over the northern rim of the Bellary Dome has undergone minimal previous exploration for gold.

A total of 9 stream sediment samples, 116 soil samples and 7 rock chip samples were collected with the following results:

Stream sediment samples returned values up to 0.48 g/t confirming earlier results which point to mechanical dispersion of gold along drainages

A number of weakly anomalous soil gold values up to 16 ppb Au appear to reflect geochemical dispersion of gold in the vicinity of a reported gold nugget discovery area

All rock chip results were below the 10 ppb Au detection limit.

Figure 1: First Pass Exploration Summary Matsa Resources