MRG Metals Limited announced the assay results from its most recent aircore drilling at Nhacutse Prospect, located within the Company's Corridor Portfolio in Mozambique. The program was carried out in late October /early November 2020 and consisted of 10 aircore drillholes for 342m, generating 114 samples for laboratory analysis. The drilling focussed on infill and delineation of the Nhacutse High Grade mineralised footprint. The drilling program has further confirmed the very high grade Total Heavy Mineral (THM) values within the Nhacutse High Grade target, in addition to further defining the outline of this area. This 10 hole Infill/Delineation aircore drilling program at Nhacutse has returned more high grade THM results and continue to build the company's confidence in the Nhacutse High Grade HMS zone. Of the 10 holes drilled (20CSAC593 to `598 and 20CSAC608 to `611) in this area, 7 of the 10 holes delivered average grades over the length of the holes of >4% THM, with the best results in 20CSAC611, 42m @ 5.40% THM, including 36m @ 5.99% THM from surface, with a highest individual intersection grade of the drilling program of 10.03% THM over 3m from 30- 33m from the same drillhole; and 20CSAC595, with 30m @ 5.82% THM from surface. 7 out of the 10 of the holes were still in >3% THM grades at their final drill depths. On some of the holes, very high grades were still present in the final samples. In 20CSAC594 the grade was 9.23% THM from 27-30m; in 20CSAC595 the grade was 8.09% THM from 27-30m and in 20CSAC596 the grade was 7.23% THM from 27-30m, clearly indicating the high grade zone remains open at depth. Importantly, the drilling has also allowed growing confidence in 3 very high grade zones that are situated within the high grade footprint. The 3 zones have a combined surface footprint of over 2.5 sq km, representing the potential to deliver in excess of 100 Million Tonnes of very high grade mineralised sand assaying over 6% THM. A comparison of the reported visible (VIS) % THM grades from the 10 aircore drillholes in this program to the actual assay results on averages per drillholes basis from this announcement shows a good correlation, with on average an underestimation on the VIS vs actual assay results of 0.51% THM. On individual drillholes 6 of the 10 drillholes have VIS estimates within 0.5% THM of the actual assay results, 3 of the 10 drillholes have VIS estimates within 0.5-1.0% THM of the actual assay results; with only 1 hole at a difference +1% THM, in this case the VIS grades underestimated the actual grades by 1.22% THM. The estimations on higher grades of +4.5% THM are less accurate, with the higher differences nearly all falling in the higher grade range, evidenced by the highest grade sample with a VIS est of 6.0% THM vs the analytical result of 10.03% THM. The correlation in this batch of results is good and supports the use of VIS estimated THM grades for reporting and planning.