MARQUEE RESOURCES SECURES OPTION FOR SA PEDRA GOLD AND SILVER PROJECT

Conditions Precedent Satisfied, Exploration Set to Begin in Sardinia

Marquee Resources Limited (ASX: MQR) has announced that the conditions precedent for its option agreements to acquire the advanced high-grade gold and silver Sa Pedra Bianca Project in Sardinia, Italy, have been satisfied or waived.

Marquee now enters the Option Period, during which it will conduct exploration activities aimed at confirming the historical mineral resource of 1.65Mt @ 7.06 g/t Au and 29.7 g/t Ag for a total of 376,140oz gold and 1.58Moz silver. Numerous other historical exploration targets, as well as newly identified ones, will also be tested during this period.

Meetings held last week between Marquee and local and regional Sardinian government representatives have positively affirmed that Sardinia aligns with the Italian national government’s new directive to promote and facilitate mining activities in Italy. Based on its due diligence, Marquee considers the project to have exceptional upside with real potential to become a 1Moz+ gold project.

Marquee Executive Chairman, Mr Charles Thomas, commented:

After the Company’s Chief Technical Officer (CTO) Dr James Warren and myself visited the Sa Pedra Project last week to complete the final due diligence checklist items, I am extremely pleased to announce that the Sa Pedra Bianca Gold and Silver Project has passed our rigorous due diligence process and we have now entered into the Option Period with the vendors Dr Manca and Mr Spencer. We are extremely excited to now begin properly evaluating the historical resource and the enormous exploration upside potential that exists at the Project.

I am further enthused that this trip has highlighted multiple new areas at the Project that require field testing, with our belief that the Sa Pedra Project has the real prospect of being a 1Moz+ gold Project for the Company.

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