DATELINE RESOURCES LIMITED — Capital/Financing Update 2021

Dec 12, 2021

ASX Release

Gold Links Development Update

==> picture [73 x 67] intentionally omitted <==

DATELINE RESOURCES LIMITED

(ACN 149 105 653) ASX Code: DTR

Highlights

• Second escapeway established; opening up pathway to production

• Development now focused on extracting the known resource[1]

• Mining expected to commence late December or early January

• Milling to commence once stockpile levels are satisfactory

CAPITAL STRUCTURE

Share Price (10/12/21) $0.073 Shares on issue 438 million Market Cap $32.0 million

MAJOR SHAREHOLDERS

• Underground drilling ongoing – Results expected this week

Dateline Resources Limited (ASX: DTR) ( Dateline or the Company ) is pleased to announce that it has achieved a significant milestone in its plans to become an active gold miner in the USA.

In July 2021, the Company commenced the extension of an underground decline for the purposes of,

1. Diamond drilling close to the 2150 vein

2. Accessing defined JORC compliant resource zones to commence mining

3. Creating a substantial haulage way for all future production from the mine.

DIRECTORS & MANAGEMENT

Mark Johnson AO Chairman

Stephen Baghdadi Managing Director

Greg Hall Non-Executive Director

Tony Ferguson Non-Executive Director

Bill Lannen Non-Executive Director

Mark Ohlsson Company Secretary

CONTACT

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

The Company has now developed a second means of egress from underground and as such has completed the necessary development to be able to commence mining and processing.

Commenting on the development, Dateline’s Managing Director, Stephen Baghdadi, said:

“With the company completing the development of a second means of egress from the underground to the surface, we are legally able to commence stope mining and production. This development is a significant step forward for the company. Our development plan is now focused on production and milling”

==> picture [392 x 204] intentionally omitted <==

Figure 1 Gold Links - long section of underground development including routes for both means of egress

1 JORC resource disclosed in March 2021 Quarterly report

ASX Release 13 December 2021

i

Figure 2 Portal at 10,000ft RL Figure 3 Portal at 9,600ft RL

==> picture [172 x 228] intentionally omitted <==

==> picture [172 x 228] intentionally omitted <==

Development Plan

The company has commenced developing approximately 100m of accessways over two levels to create two working headings in the resource located at the 9900RL. The access ways are shown in Figure 4 below in white and grey dashed lines.

The accessway dimensions are approximately 3x3 metres and are expected to be completed before the end of December 2021.

==> picture [517 x 269] intentionally omitted <==

Figure 4 Gold Links long section showing location of 9900RL JORC resource and proposed accessways shown in dashed white and grey lines

ASX Release 13 December 2021

Mining of 9900RL Resource

When the accessways have been developed, the company will commence stoping the 9900RL resource and stockpile the material at its 100% owned Lucky Strike Mill. The Lucky Strike Mill is located approximately 50km from the Gold Links mine.

Two company owned 20-ton trucks will be used to haul material from the Gold Links to the Lucky Strike mill.

The Initial mining target is 100 tons per day which is the current milling capacity. The Company anticipates starting milling operations when we have stockpiled 4-6 weeks of material at the mill.

Underground drilling

Underground drilling is ongoing at the Gold Links. The company is waiting on results from several recently drilled holes. The holes have been drilled from drill station four and have targeted the 2150 vein both down dip and on strike. Assays received to date have confirmed the continuation of mineralisation and the target area is open at depth and on strike. The objective of this drilling is to delineate additional resources that can be extracted and processed at the Lucky Strike Mill.

This announcement has been authorised for release on ASX by the Company's Board of Directors.

For more information, please contact:

Stephen Baghdadi Managing Director +61 2 9375 2353 www.datelineresources.com.au

Follow Dateline on Twitter: https://twitter.com/Dateline_DTR

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in Colorado, USA and has an agreement to acquire 100% of the Colosseum Gold Mine in California.

The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mined from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to commence a small high-grade, low-cost operation by the end of 2021.

The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.

The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.