PACGOLD LIMITED — Board/Management Information 2021

Jul 18, 2021

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EXPLORATION MANAGER APPOINTED AHEAD OF AUGUST DRILLING

• Highly credentialed exploration geologist Geoff Lowe joins the Pacgold team as Exploration Manager

• Detailed IP geophysical survey underway at Alice River

Newly listed gold explorer Pacgold Limited ( ASX: PGO , “ Pacgold ” or the “ Company ”), is pleased to advise that it has significantly strengthened its team with the appointment of experienced geologist Geoff Lowe, who will manage exploration for the Company’s Alice River Gold Project, Queensland.

Geoff joins Pacgold with over 35 years of experience in precious and base metal exploration, business development, project management and mining services both in Australia and internationally. Geoff has played a key role in the discovery of significant mineral resources and possesses broad corporate management experience at Executive and Board level in private and ASX-listed companies. Previous positions include Principal Geologist at Newmont Corporation, Managing Director at White Rock Minerals (ASX: WRM), Technical Director at Valentis and Cape Clear Minerals and Exploration Manager of Rex Minerals (ASX: RXM) and Leviathan Resources.

Pacgold Managing Director, Tony Schreck said :

“We have assembled a first-class team of exploration professionals and consultants with an impressive track record of discovery, with Geoff’s appointment further strengthening the team. Bringing with him over 35 years of field and corporate experience, he will play an important role leading the discovery team at the Alice River Gold Project.

“A detailed IP geophysical survey is already well advanced at Alice River to refine high-grade gold targets ahead of the commencement of drilling in August. An initial drilling program of over 4,000m will focus on the three priority gold targets along a 7km long corridor and we look forward to keeping shareholders up to date with our ongoing progress.”

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Figure 1. Location of Alice River Gold Project.

Approved by the Board of Pacgold Limited.

For more information:

Tony Schreck

Victoria Humphries

Managing Director Media & Investor Relations tschreck@pacgold.com.au victoria@nwrcommunications.com.au +61 (0) 419 683 196 +61 (0) 431 151 676

About Pacgold Limited:

Pacgold is an ASX-listed minerals exploration company (ASX: PGO) focussed on the Alice River Gold Project situated at the northern end of the Northeast Queensland Mineral Province. This gold-rich Province contains several multi-million-oz gold deposits including Pajingo, Mt Leyshon, Kidston, and Ravenswood. Pacgold has a 100% interest in the Alice River Gold Project, covering an historical high-grade goldfield and open-pit mine with eight mining leases and five exploration permits over an area spanning 377km[2] .

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