Strong Zinc and Gold Targets Identified at Swan

Induced Polarisation (IP) geophysical survey completed at the Swan prospect (Moline Project) with excellent results:

• Near-surface zinc-lead target, and a deeper (75-100m) potential gold sulphide target identified
• Zinc-lead target located 250 metres from PNX drill hole MORC26 where 1m @ 4.66% zinc, 11.37g/t gold, 95.5g/t silver and 0.90% lead from 45m was intersected
• These two significant, high-priority new targets are planned to be drilled, commencing early December