DATELINE RESOURCES LIMITED — Capital/Financing Update 2020

Apr 20, 2020

ASX Release

DATELINERESOURCES LIMITED

(ACN 149 105653) ASX Code:DTR

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Mining permits granted for Raymond and Carter mines

Dateline Resources Limited (ASX: DTR) (“Dateline” or the “Company”) is pleased to advise that it has received permits for two mining licences for the Raymond and Carter mines, located at the Company’s 100% owned Gold Links project in Colorado, USA.

CAPITALSTRUCTURE

Share Price (21/04/20) $0.002 Shares on issue 8,210million Market Cap $16.4million Unlisted Options 10 million

MAJOR SHAREHOLDERS

Southern Cross Exploration NL 32.5% Mr. Mark Johnson AO 19.6% National Nominees Ltd 15.4%

DIRECTORS & MANAGEMENT

Mark JohnsonAO Chairman

Stephen Baghdadi ManagingDirector

Greg Hall Non-Executive Director

Anthony John Ferguson Non-Executive Director

John Smith Company Secretary

CONTACT John Smith Phone: +61 2 9375 2353 Postal Address: P.O. Box 553 South Hurstville NSW 2221 Email: info@datelineresources.com.au

The granting of these two additional mining permits gives Dateline a total of six mining permits in the Gunnison district of which five are spread across Gold Links North, Centre and South (Gold Links). In total, the company is now permitted to extract 420,000 tonnes per annum of which Gold Links makes up 350,000 and a further 70,000 tonnes from Green Mountain.

Historical records show that the majority of gold production within the Gold Links Project area occurred between 1896 and 1942. The Raymond was mined between 1890 and 1906 and again between 1939 and 1941. The Carter was mined up until 1932. Documented production from these two operations is 90,000 oz Au. Production was also continuous between 1933 and closed in 1942, however no production records for this period have been found yet. (See ASX announcement: 8 February 2019)

A detailed evaluation of the underground workings at Raymond and Carter properties was done by Atlas Precious Metals (Atlas) from 19831985. A summary of the Atlas work concluded that almost 4,000 metres of linear drifting was completed and approximately 2,000 metres were mined. Using this metric, approximately 50% of the vein was productive. The evidence is based on extensive mapping and sampling by Atlas. The sampling was professionally conducted and assayed by Chemex labs (a division of ALS) but the results are nonJORC compliant.

Management Commentary

Executive Director Stephen Baghdadi said: “ Securing mining licences for both Raymond and Carter is a positive step forward for Dateline and the requisite permits provides the company with several exploration and production options”

“Board and management will continue to update shareholders as we advance our works programs for both Green Mountain and Gold Links projects.”

ASX Release 21 April 2020

For more information, please contact:

John Smith

CFO / Company Secretary +61 2 9375 2353

www.datelineresources.com.au

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in Colorado, United States of America. The Company owns 100% of the Gold Links project which is located in Gunnison County

The Gold Links is comprised of several contiguous historic gold mines that have been consolidated by the company. Gold Links has produced up to 150,000 oz of high-grade gold (see ASX announcement of 8 February 2019)

Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. Well documented records indicate that there are large areas that remain untested at surface and little to no exploration has been done below the valley floor.

Dateline also owns the Lucky Strike and Mineral Hill permitted gold properties and has recommissioned a gold processing plant located at the Lucky Strike Mine.

The Gold Links and the Lucky Strike are located approximately 50km apart

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ASX Release 21 April 2020
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Sacramento
Adit
Raymond
Reynolds Adit
Carter
Adit
Adit
Gold Links North Gold Links Centre Gold Links South
This image is intended as a guide only and is not a surveyed map of our true boundaries
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Gold Links North includes	Gold Links Centre includes	Gold Links South includes
Sacramento Adit	Raymond Adit	Carter Adit
Sacramento vein	600 vein	100 vein
	950 vein	300 vein
Reynolds Adit	1100 vein	800 vein
1200 vein	1200 vein	1320 vein
1740 vein	1700 vein	1440 vein
2100 vein	1800 vein	1480 vein
2150 vein	1825 vein	1550 vein
2200 vein	2457 vein	1925 vein
2600 vein	3300 vein	2385 vein
2800 vein	Jessie vein	2500 vein
3300 vein	Gold Monument vein	2835 vein
	Maggie Mitchell vein	3040 vein
Dateline discovered	Volunteer vein	3131 vein
Hill vein	Upper Raymond vein	3640 vein
West Vein		3750 vein
Veins starting with digits represent the number of feet from the start of the portal and were discovered and mapped from inside the adit		4085 vein
		4778 vein
		4868 vein
Veins that don't start with digits were discovered from surface outcrops		4883 vein
		6300 vein
		Farleyvein
Only the 2150 vein has been drilled below the valley floor		Grand Prize vein
		Volunteer vein
		Chloride vein

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