FireFly Metals Ltd. — Regulatory Filings 2016

Mar 31, 2016

Exploration Office Level 3, 100 Pirie Street ADELAIDE SA 5000

ABN: 96 110 336 733

Tel: +61 8 8232 8320 Fax: +61 8 8232 8811 www.monaxmining.com.au

==> picture [595 x 10] intentionally omitted <==

1 April 2016

Mt Ringwood Gold Project Update

HIGHLIGHTS

• Further sampling completed at Mt Ringwood Gold Project

• Preparation for maiden drilling program continuing

Monax Mining Limited ( Monax or the Company ) is pleased to announce that further sampling has been completed on the Mt Ringwood Gold Project as part of a recent field visit to prepare for the Company’s upcoming maiden drilling program.

Fifteen samples were collected from two areas south of the Star of the North Mining Leases on the western side of the project area (see Figure 1). Samples have been submitted for analysis with results expected in 2-3 weeks.

Monax is currently awaiting statutory approvals for the proposed drilling program.

For further information, please do not hesitate to contact:

	Gary FerrisDuncan GordonManaging DirectorInvestor Relations	Gary FerrisDuncan GordonManaging DirectorInvestor Relations	Gary FerrisDuncan GordonManaging DirectorInvestor Relations	Gary FerrisDuncan GordonManaging DirectorInvestor Relations	Gary FerrisDuncan GordonManaging DirectorInvestor Relations	Gary FerrisDuncan GordonManaging DirectorInvestor Relations
	Monax Mining LtdAdelaide Equity Partners Ltd
	P:	0423 259 488	P:	040	4 006 444
E:info@monaxmining.com.au	E:	info@monaxmining.com.au	E:	dgor	don@adelaideequity.com.au
The information in this report that			relates to Exploration Results, Mine		ral Resources or Ore Reserves is

The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr G M Ferris, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Ferris is employed full time by the Company as Managing Director and, has a minimum of five years relevant experience in the style of mineralisation and type of deposit under consideration and qualifies as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” Mr Ferris consents to the inclusion of the information in this report in the form and context in which it appears.

==> picture [702 x 494] intentionally omitted <==

Figure 1: Map showing summary of rock chip results for Mt Ringwood Project and highlighting areas recently sampled and areas to be drilled in the upcoming drilling program.