Musgrave Minerals Ltd. (Musgrave or the Company) reported strong reverse circulation (RC) assay results from the newly discovered White Heat prospect on its 100% owned ground at its Cue Gold Project in Western Australia's Murchison district. The gold is high-grade and near surface but masked from previous explorers by 2-3m of transported hardpan clays. Drilling is ongoing at White Heat which is only 400m south of the new Starlight lode. Initial RC drilling at White Heat has identified high-grade gold in two basement zones. Two zones of gold mineralisation are interpreted from early drilling with both zones open along strike and at depth. Nine RC drill holes have been completed to date with assays received for the first four holes. Drill holes are spaced at 40m intervals along 20m spaced traverse lines. Significant intercepts from 1m individual samples include: The mineralisation has a similar orientation to the Starlight lode, located 400m to the north, and is hosted within a basalt package thought to be the same stratigraphy as that hosting Starlight. The mineralisation is currently open along strike and at depth with further drilling underway. Drill holes are spaced at 40m intervals along 20m spaced traverse lines. A combination of 6m composites and 1m individual samples have been analysed from the RC holes drilled in the current program. All intervals assaying above 1g/t have been reported in this release. The regional aircore drilling program that identified White Heat has also identified high-grade gold at five other targets. These targets will also be tested with RC drilling during the current program. Cue Project - Break of Day: The Break of Day deposit is located approximately 30km south of Cue in the Murchison district of Western Australia. The deposit is only 5km from the Great Northern Highway, approximately 600km north of Perth. The current resource estimate for the Cue Gold Project totals 6.4Mt @ 3.2g/t Au for 659koz including the Break of Day deposit (797Kt @ 10.2g/t Au for 262koz contained gold) and the Lena deposit (4.3Mt @ 2.3g/t Au for 325koz contained gold) located 130m to the west of Break of Day.