Another Exceptional Copper-Vanadium-Lead Intersection At Nosib

Golden Deeps Limited (“Golden Deeps” or “Company”) is very pleased to announce further, exceptional, copper-vanadium-lead-silver intersections from the second diamond drill hole at the Nosib Block (“Nosib”) Prospect, located in the Otavi Mountain Land of northern Namibia (see location Figure3).

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Highlights:

• The second diamond drill hole completed at Nosib Prospect, NSBDD002, has produced exceptionally high-grade copper-lead-vanadium and silver intersections from surface, including:
  • NSBDD002: 20.85m @ 2.0% Cu,1.54% V 2O5, 6.0% Pb, 7.7g / tAg (6.4%CuEq*) from 0m
    • incl. 12.10m @ 3.2% Cu, 2.54% V 2O5, 9.8% Pb, 8.0g/tAg (10.3% CuEq*) from 0m
    • incl. 3.00m @ 6.3% Cu, 7.82% V 2O5, 21.9% Pb, 6.4g/tAg (25.9% CuEq*) from 7.3m

*See copper equivalent (CuEq) calculation Appendix 1

• NSBDD002didnottesttheentiretargetzonedue to bogged drill-rods, but still intersected an overall zone of 45.7mdownhole/truethicknessataveragegradeof1.0%Cu,0.72%V2O5,2.8%Pb

• These exceptional diamond drillhole intersections are located within the shallow, supergene, zone of the Nosib deposit between previousvery-high-gradecopper,vanadium,leadandsilver intersections,including:

* NSBRC010²: 29m @1.54% Cu,1.19% V 2O5, 4.49% Pb, 6.97g/tAg (6.6% CuEq*) from 2m

• incl. 13m @ 2.83% Cu, 2.52% V 2O5, 9.18% Pb, 6.57 g/tAg (13.3% CuEq*) from 3m
• incl. 9m @ 3.66% Cu, 3.62% V 2O5, 11.9% Pb, 7.70g/tAg (18.4% CuEq*) from 3m

* NSBRC007¹: 24m @ 1.33% Cu, 1.37% V 2O5, 4.77% Pb, 3.67g/tAg (5.0% CuEq*) from 3m

• incl. 10m @ 2.65% Cu, 3.12% V 2O5, 10.7% Pb, 7.79g/tAg (11.0% CuEq*) from 3m
• incl. 6m @ 3.67% Cu, 4.40% V 2O5, 14.9% Pb, 12.2g/tAg (15.4%CuEq*) from 6m

*See copper equivalent (CuEq) calculation Appendix 1

• In addition, diamond drillhole NSBDD004, a step-out hole to the northeast of NSBRC007¹, has intersected “frequent pods and patches of malachite” (copper-carbonate) as well as copper- sulphide mineralisation from 24.5m to 46.5m (22mzone) with pXRF readings up to 4.4% copper

• Diamond drilling is continuing (NSBDD005) with a higher-capacity diamond drilling rig, testing down plunge of the previous intersection in NSBRC009² of 5m @ 2.58% Cu,18.8g/tAg from 61 m that indicates potential for a high-grade copper-silver sulphide zone at depth

• Diamond drilling is also planned to test down-plunge extensions of the very-high-grade Khusib Springs deposit, 15km east of Nosib, that previously produced 300,000t @ 10% Cu,584g/tAg³

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