Group Eleven Resources Corp. provided an update on its step-out drilling program at the Stonepark zinc project in the Republic of Ireland (76.56% Group Eleven and 23.44% Arkle Resources PLC). Two holes were drilled outside the Stonepark mineral resource estimate ("MRE"), which totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined). The MRE is located a few kilometres to the west of Glencore's Pallas Green zinc deposit. Highlights: G11-2638-04 targeted a 135-metre gap within the Stonepark North portion of the MRE; This hole intersected a thick package of brecciation and low-grade mineralization yielding 17.95 metres of 1.02% zinc and 0.23% lead (1.25% combined), including two higher-grade zones: 2.15 metres of 3.39% zinc and 0.92% lead (4.31% combined), including 0.50 metres of 8.70% zinc and 3.34% lead (12.04% combined) and 1.55 metres of 3.46% zinc and 1.04% lead (4.50% combined), including 0.55 metres of 5.57% zinc and 2.03% lead (7.60% combined); The zone is similar to the nearest historic hole TC-2638-038 (located 50 metres away) which also intersected a wide zone of low-grade mineralization with two narrower higher-grade layers; Based on the above, management believes the above intercept is likely to be sufficient to extend the wireframe (mineralized zone) of the MRE when a full MRE update study is done in future; G11-2638-05 was drilled 85 metres from the Stonepark West portion of the MRE; This hole intersected moderate mineralization (2.0 metres of 1.21% zinc and trace lead or 1.21% combined), extending the mineralized system and vectoring further exploration for higher-grade and wider mineralization further east, along trend towards historic hole TC-2638-068 (0.95 metres of 9.01% zinc and 1.69% lead, or 10.70% combined) located 585 metres to the southeast. Two step-out diamond drill holes were completed at the Stonepark mineral resource estimate ("MRE") which totals 5.1 million tonnes grading 8.7% zinc and 2.6% lead (11.3% combined). The MRE is located a few kilometres to the west of Glencore's Pallas Green zinc deposit. The Stonepark Project is a joint venture between Group Eleven (76.56% interest) and Arkle Resources PLC (23.44% interest). The two holes were drilled totalling 864 metres. Hole G11-2638-04 (-85° dip, 053° azimuth; 381-metre hole depth) was drilled within a 135-metre gap between the northern-most and central wireframes of the Stonepark North portion of the MRE. Specifically, the hole was 107 metres and 50 metres from the nearest holes to the north and south, respectively. Hole G11-2638-05 (-80° dip, 360° azimuth, 483-metre hole depth) was drilled 85 metres south of the southern boundary of the Stonepark West portion of the MRE, and specifically, 194 metres from the nearest drillhole within the Stonepark West MRE. Hole G11-2638-04 intersected a thick package of brecciation and low-grade mineralization yielding 17.95 metres of 1.02% zinc and 0.23% lead (1.25% combined) from 213.05 metres, including two higher-grade zones: 2.15 metres of 3.39% zinc and 0.92% lead (4.31% combined) from 218.10 metres, including 0.50 metres of 8.70% zinc and 3.34% lead (12.04% combined) and 1.55 metres of 3.46% zinc and 1.04% lead (4.50% combined) from 228.05 metres, including 0.55 metres of 5.57% zinc and 2.03% lead (7.60% combined); The mineralized intercept in G11-2638-04 is very similar to the nearest historic hole TC-2638-038 (located 50 metres away) which also intersected a wide zone of low-grade mineralization with two narrower high-grade layers: 18.20 metres of 2.35% zinc and 0.28% lead (2.63% combined) from 236.40 metres, including 3.60 metres of 3.89% zinc and 0.11% lead (4.01% combined from 238.10 metres) and 1.80 metres of 5.56% zinc and 0.91% lead (6.56% combined) from 251.35 metres. For reference, the wireframes defining the MRE were constructed using a minimum true thickness of 2.0 metres, at 2.0% zinc and lead natural cut-off (with average grades calculated using mineralized blocks at a cut-off of 4.8% zinc equivalent grade). Mineralized wireframes were extended to a maximum of 100 metres beyond any drill hole. Based on the above, management believes that the mineralization in G11-2638-04 and the resulting tightened hole spacing are likely to be sufficient to extend the wireframe of the MRE when a full MRE update study is completed at some point in the future. The second hole drilled at Stonepark was G11-2638-05, located near the Stonepark West portion of the MRE. This hole intersected moderate mineralization (2.0 metres of 1.21% zinc and trace lead or 1.21% combined from 451.00 metres; and a number of lower grade intercepts elsewhere in the hole). The above intercept confirms the presence of the mineralized system at this locality and suggests the focus of further exploration for higher-grade and wider mineralization should be further to the east, along trend towards historic hole TC-2638-068 (0.95 metres of 9.01% zinc and 1.69% lead, or 10.70% combined from 423.80 metres) located 585 metres to the southeast. Further drilling is strongly warranted.