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Note: Significant drill composites are provided in Table 1 in the Appendix to this document. Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, “Given Björkdal’s long mine life of over 10 years, our exploration focus there has shifted away from incremental additions to existing resources and reserves to identifying and drilling more prospective areas with higher-grade mineralization possibilities. These exciting initial high-grade intercepts from the depth extension drilling have demonstrated significant continuation within the Lake Zone area. Follow up infill d...

Mandalay Resources Corporation Announces Significant Grades and Depth Extension to the Lake Zone Veining of the Björkdal Deposit Björkdal Depth Testing Highlights 15 veins containing significant grades have been intercepted with inferred strike extensions of up to and over 300 meters ("m") Standout intercepts identified: ? ? ? ? Identified skarnified marble lens: Note: Significant drill composites are provided in Table 1 in the Appendix to this document. Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, "Given Björkdal's long mine life of over 10 years, our e...