Annamite Launch a Private Placement Round with the support of Minexia and the NR Private Market Platform

With the completion of a six-month exploration program this year starting with infill soil sampling, a drone aeromagnetic survey and a 1980m scout drilling program Annamite geologists have confirmed an important porphyry discovery and two adjacent associated non-porphyry bodies with a combined strike length of over 6km.

The 2022 exploration program has added considerable value to our company. It is a significant step forward for Annamite and we are excited by these positive developments. We have secured tenure in the project area and have established a unique network of government and business contacts in Laos.

The Sokdee tenement contains the three prospects mentioned previously as well as an additional seven targets, a total of 10. Our 2022-23 exploration program at Sokdee includes multiple short holes along strike into the non-porphyry targets, a few deep holes into the porphyry, drill testing of new soil geochemical targets, additional geophysical surveys, and the generation of inhouse resource estimates.

To that effect, Annamite is launching a private placement round with the support of MINEXIA and the NR Private Market platform. We are looking at raising US$3 million at a share price of 12c US before the end of the year. A 1:12 warrant is also attached to this offer.