MOHO RESOURCES LIMITED — Capital/Financing Update 2021

Jun 3, 2021

EAST SAMPSON DAM - MARKET UPDATE

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4 June 2021
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Moho Resources Ltd (ASX:MOH) ( Moho or Company ) is pleased to provide this update on developments at its 100%-owned East Sampson Dam (ESD) prospect on M27/263 (Figure 1).

• JORC Mineral Resource Estimate (MRE) for East Sampson Dam

CSA Global Pty Ltd, Moho’s mining resource consultant, has recently advised that, due to the current strong industry demand on their services, there has been a slight delay to the completion of the MRE. Moho is expecting CSA’s report in about a month.

• Air core drill program to test for extensions of gold mineralisation at East Sampson Dam prospect to commence in mid July 2021 .

Program of Works (POW) application for aircore drilling to test gold targets outlined by auger gold in soil anomalies over Tyrells prospect (M27/263) has been approved (Figure 2).

• Grant of Black Swan South tenement applications anticipated in Q4 2021.

Following signing of Access Agreements with Poseidon Nickel Limited and subject to both the 4 month statutory Native Title advertising period and no objections being received during that period, it is anticipated that Moho’s applications for tenements E27/623, E27/633 and P27/2441 (Figure 1) may be granted in Q4 2021. The tenement applications are located immediately south and east of Poseidon’s Black Swan Nickel Operations. Due to thick cover and minimal modern day exploration, Moho considers that these tenements may be prospective for gold and nickel mineralisation.

“Moho continues to make significant progress on its gold mining proposition at the East Sampson Dam prospect. With the analysis of drill samples and assays now completed, we are keenly awaiting the completion of CSA’s maiden JORC Mineral Resource Estimate .”

Mr Shane Sadleir, Moho Managing Director

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Figure 1: Moho’s Silver Swan North Project tenements in relation to regional geology.

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Figure 2: Auger gold in soil anomalies to be targeted by aircore drilling northwest of East Sampson Dam prospect on M27/263 and M27/488

MOHO’S INTEREST IN SILVER SWAN NORTH TENEMENTS

Moho is the 100% registered owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390 & E27/613 and applications for E27/623, E27/633, E27/641, P27/2441, & P27/2456 all of which comprise the Silver Swan North Project. The Company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229.

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About Moho Resources Ltd

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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer and geologist, as Non-Executive Director.

Highly experienced geologist Lyndal Money (Technical Manager) is supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd) and Dr Carl Brauhart (CSA Global Pty Ltd). Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho.

ENDS

The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: shane@mohoresources.com.au E: ralph@mohoresources.com.au