Australia: Gold Discovered PreDrilling at Laverton

Panther Metals PLC (LSE: PALM) the company focused on mineral exploration in Canada,

is pleased to note the Panther Metals Ltd ("Panther Australia", ASX:PNT) Australian Securities Exchange announcement providing an update on gold nugget discoveries during drill preparations for a 7,000m drill programme covering 10 targets at their Laverton Gold Project in Western Australia.

Panther Metals Plc holds 18,223,306 shares in Panther Metals Ltd, representing 7.74% of their total outstanding issued capital.

Panther Australia Highlights:

• Numerous gold nuggets have been discovered at the Comet Well and Comet Well South project areas; finds included a gold in quartz specimen.
• Initial discoveries were made during drilling preparations; subsequent metal detecting activities in close proximity to the upcoming drill areas discovered more gold nuggets.
• Additional metal detecting is ongoing over the two project areas.
• Assays have now been submitted for Burtville East; this latest drill programme planned to follow up on Panther Australia's 600m reverse circulation drill programme in 2022, which included best intercepts of:

o BVE006: 15m @ 53.94g/t Au from 27m, including 1m at 478g/t from 28m (visible gold was panned from the drill hole cuttings of BVE006 (see ASX:PNT release 14 July 2022);

o BVE009: 10m @ 7.15g/t Au from 84m, inc. 1m at 62.80g/t Au from 91m; and

o BVE002: 1m @ 73.3g/t Au from 93m.

• The current drill programme is based on a comprehensive targeting study completed by Panther Australia on the Laverton Gold Project; it covers 10 targets for 7,000m of drilling over 35km of continuous strike (see ASX:PNT release 22 August, 2024).

Daniel Tuffin, Panther Australia Managing Director and CEO, commented:

"We are excited to announce the discovery of gold nuggets at Comet Well and Comet Well South. The finds were initially made during drill preparations and are highlighted by a very encouraging gold in quartz specimen.

These finds underscore the highly under-explored gold-rich potential of the greater Laverton Gold Project area and the effectiveness of our exploration strategies.

Additionally, assays have now been submitted for Burtville East, where drilling in 2022 returned bonanza gold grades, including a best intercept of 15m at 53.94g/t Au from 27m, and discovered three new gold lodes.

This is a very positive beginning to the start of our 7,000m drill programme. With nine further targets remaining to drill at the Laverton Gold Project, we look forward to updating the market of our progress as exploration continues."

Please visit www.panthermetals.com.au for the entire ASX announcement including photographs and maps.

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