More Visible Gold at Elizabeth – New Vein Discovery

Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSXV:TMRR)(OTCQB:TMRFF) is pleased to announce that visible gold has been logged in drill-hole EZ-21-12 approximately 150 metres to the northwest of the SW Vein, indicating the discovery of a new, previously unknown gold-bearing vein, together with the release of assays for four additional drill-holes (EZ-21-05, EZ-21-06, EZ-21-07B and EZ-21-08) from the ongoing 2021 drilling program at its Elizabeth Gold Project in Southern BC, Canada

HIGHLIGHTS

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Tempus Submits Application for Underground Drilling at Elizabeth

Tempus Resources Ltd (“Tempus" or the “Company") (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce it has filed an amendment to the Notice of Work (NoW) for its Elizabeth Gold Project in Southern British Columbia to re-establish and extend the existing Lower Portal underground adit for underground exploration drilling

The current drill program at Elizabeth is focused on the South West Vein (See Figure 1). Extended access from the historical Lower Portal adit will provide an ideal position for drilling along strike to the north of the South West Vein. The development plan will lengthen an existing 880 metre drift by approximately 100 metres and excavate a 300 metre crosscut parallel to the South West Vein, with a planned 8 exploration drill bays for drilling on approximately 50 to 100 metre centres (see Figure 2). In total, 7,600 metres of drilling is proposed over approximately 50 holes to extend the resource of the South West Vein. This expands Tempus current 12,000 metre drilling program at Elizabeth to 19,600 metres.

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Tempus A$6.28M Placement – Closing TSXV Disclosure

Tempus Resources Ltd (" Tempus " or the " Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) announces that pursuant to the closing of the recent A$6.28 million placement that was (see Tempus announcement of 19 August 2021)(the " Placement “), the Company has issued 24.99 million shares in the Placement and now has 124,966,613 shares on issue (see Tempus announcements regarding “Application for quotation of securities" [ASX Appendix 2A disclosure] and “Cleansing notice" of 27 August 2021

Blue Ocean Equities Pty. Ltd. (“Blue Ocean") acted as Lead Manager to the Placement. A$262,395 of broker fees (together with any applicable GST) were paid out of total proceeds of the Placement and Blue Ocean will receive, subject to shareholder approval at a subsequent General Meeting of shareholders, 1.5 million options to purchase Tempus shares at a strike price of A$0.315 per share and a term of three-years from approval.

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Alteration Study at Blackdome Identifies Significant Exploration Potential

HIGHLIGHTS

  • Blackdome Gold Mine considered highly prospective for further exploration success after detailed alteration study and data review undertaken by one of the world's pre-eminent experts on epithermal style gold mineralisation, Dr. Jeffrey Hedenquist
  • Studies suggest potential to discover new gold-silver epithermal veins within close proximity to the existing, permitted Blackdome Mine plant
  • Blackdome mineralisation likely extends deeper than previously thought with multiple, high-grade assays reported under mined stopes

Tempus Resources Ltd (“Tempus" or the “Company") (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce that it has received the results of an alteration study and review on the Blackdome Gold Mine, highlighting its potential to host additional gold mineralisation. The study included a review of drill core photographs and data by Dr. Jeffrey Hedenquist, a world-renowned expert in epithermal gold mineralisation and deposits

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Tempus A$6.28M Placement to Extend Drilling at Elizabeth

Tempus Resources Ltd (“Tempus" or the " Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce that it has received firm commitments for a A$6.28 million placement to issue 24.99 million shares at an average price of A$0.251 per share (the “Placement"). The Placement was well oversubscribed and incorporated strong demand from international and Australian institutional Investors, including specialist gold investment funds

Tempus President and CEO, Jason Bahnsen, commented “We are pleased with the support shown by institutional investors for our Placement, particularly by experienced specialist gold funds. The funds raised position Tempus to complete the ongoing 12,000 metre drilling program at Elizabeth, develop the underground access for drilling extensions of the vein systems and to begin exploration on the potential satellite deposits identified by geophysical and geochemical studies. "

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