Tambourah Metals Ltd. announced that a new geophysical interpretation by geophysical consultants has identified significant tenement wide targets for gold mineralisation at the Tambourah project. An RC drilling program is planned to follow up on historic drilling at the Tambourah King, Kushmattie, Federal and Western Chief workings and to provide first-pass testing of the new geophysical targets. In December 2021 TMB completed auger soil sampling over the northern magnetic targets, including the Federal line of workings.

The result of this sampling is expected in First Quarter 2022. Dr. Mark Rieuwers completed a study of the mineralisation at Tambourah Project. As part of this study a 3-dimensional model of the mineralisation at Tambourah Project was made.

This model, which has been used in drill targeting, shows that the mineralisation in the old workings is plunging to the north. Geophysical Interpretation: During Fourth Quarter 2021 TMB acquired high resolution airborne magnetic and radiometric data over the Tambourah Mineral Field from a 2016 survey. Three significant potential gold mineralisation target zones were identified, from the reprocessed and interpreted data, by the TMB geophysical consultant.

The company commissioned a geophysical reprocessing and interpretation of a 25-metre line spaced survey which was completed in 2016. Priority 1 zone-extends north-south along the full length of the tenement package and includes most of the historic workings. The new interpretation extends this prospective zone 4.1km to the south, and below the historic workings.

Priority 2 zone-includes the Federal Line of workings and consists of 6 discrete north-south oriented targets zones over the full strike length of the tenure. Priority 3 zone- extends north-south along the full length of the tenement package and includes a fundamental crustal structure not previously identified. The drillhole database presented in the TMB prospectus is the basis of new long section presentations used in drill planning, along with the geophysical interpretations of deep-seated targets.

Up to 30 drill holes to test the strike extent of the historic workings and the priority 1 geophysical target have been designed and permitted. A heritage notice has been lodged to complete heritage surveying prior to drilling. It is anticipated that the heritage survey will commence early February with drilling to commence shortly thereafter.

The Company has applied for 2 mining lease applications covering P45/2869 & P45/2870 and P45/2868 & P45/2871.