Pilot Mountain, Nevada – Significant Drill Results

Companies

Guardian Metal Resources plc (GMET)

UK 100

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From (m)	To (m)	Mo (ppm) ^#
25	28	347
37	40	236
90.5	93.6	266
188.7	191.1	529
215.2	218.5	268
223.8	225.7	1,170
270.4	273.4	413
321.4	324	507
329.7	332.7	233
350.6	353.6	235

Hole ID	Target Area	UTM Easting^#	UTM Northing^#	Azimuth (deg.)	Dip (deg.)	Down hole Depth (m)
PM24-001	Desert Scheelite	424159	4248321	195	-75.5	151.8
PM24-002	Porphyry South	424011	4247857	15.4	-74	143.6
PM24-002A^&	Porphyry South	424011	4247857	15.4	-74	407.1
PM24-003	DSPW	423792	4248332	309.5	-47	169.8
PM24-004	Desert Scheelite	424148	4248353	177	-64	165.2
PM24-005	DSPW	423760	4248287	311	-53	197.8
PM24-006	Desert Scheelite	424190	4248354	181.6	-58	151.5
PM24-007	Desert Scheelite	424367	4248301	179.2	-62	84.4
PM24-008	Desert Scheelite	424356	4248297	175.9	-49	77.7
PM24-009	Desert Scheelite	424376	4248301	175.3	-54	77.4
PM24-010	Desert Scheelite	424399	4248296	173.8	-58	72.2
PM24-011	Desert Scheelite	424407	4248346	180.4	-60	103.6
PM24-012	Desert Scheelite	424357.6	4248319	179.6	-66	114.1
PM24-013	Desert Scheelite	424344.2	4248323	180.5	-68	114.9

Hole	Downhole Depth (m)		Interval	W		WO₃		Zn		Ag	Cu	Intersection Composites
ID	From	To	(m)	(ppm) a	(%) b	(%) c		(%) d		(g/t) e	(ppm) f	(weighted averages) c
PM24-003	89.5	90.0	0.50	2,380	0.23	0.29		0.00		-	16	3.5m @ 0.235 % WO₃
PM24-003	90.0	93.0	3.00	1,790	-	0.23	Δ	0.01		-	15	3.5m @ 0.235 % WO₃

PM24-004	87.8	90.5	2.70	1,690	-	0.21	Δ	0.03		0.6	90	19.7m @ 0.232 % WO₃, 1.8 g/t Ag & 0.37% Zn
	90.5	92.0	1.50	100	-	0.01	Δ	0.03		-	90
	92.0	93.6	1.60	2,110	0.20	0.25		0.11		1.9	338
	93.6	95.0	1.40	2,580	0.26	0.33		0.05		0.5	111
	95.0	96.6	1.60	1,920	-	0.24	Δ	0.06		1.5	231
	96.6	99.7	3.10	460	-	0.06	Δ	0.14		4.5	742
	99.7	101.2	1.50	2,370	0.23	0.29		0.08		1.2	242
	101.2	102.7	1.50	5,280	0.53	0.67		0.10		1.0	49
	102.7	104.5	1.80	2,530	0.25	0.32		0.09		0.9	74
	104.5	106.0	1.50	920	-	0.12	Δ	2.12	F	3.0	613
	106.0	107.5	1.50	1,900	-	0.24	Δ	1.90	F	3.0	219
PM24-004	117.0	118.5	1.50	2,230	0.41	0.52		0.34		141.0	14	8.6m @ 0.303 % WO₃, 43.9g/t Ag, 0.16 % Zn & 0.04 % Cu
	118.5	120.0	1.50	3,110	0.31	0.39		0.41		95.8	500
	120.0	121.5	1.50	710	-	0.09	Δ	0.05		3.3	888
	121.5	123.0	1.50	1,720	-	0.22	Δ	0.06		9.9	396
	123.0	124.1	1.10	2,320	0.24	0.30		0.03		2.3	582
	124.1	125.6	1.50	2,330	0.24	0.30		0.03		-	81

PM24-006	87.5	89.0	1.50	1,120	-	0.14	Δ	0.25		9.3	198	3.0m @ 0.272 % WO3, 29.85 g/t Ag, 0.52 % Zn & 0.07 % Cu
PM24-006	89.0	90.5	1.50	3,380	0.32	0.40		0.80		50.4	1,300	3.0m @ 0.272 % WO3, 29.85 g/t Ag, 0.52 % Zn & 0.07 % Cu
PM24-006	97.2	98.6	1.40	810	-	0.10	Δ	3.84	F	10.4	775	20.8m @ 0.142 % WO₃, 10.41 g/t Ag, 0.75 % Zn & 0.10 % Cu
	98.6	100.1	1.50	1,420	-	0.18	Δ	3.78	F	20.2	593
	100.1	101.7	1.60	630	-	0.08	Δ	0.81		34.1	147
	101.7	103.2	1.50	1,220	-	0.15	Δ	0.76		43.2	184
	103.2	104.7	1.50	930	-	0.12	Δ	0.34		3.3	217
	104.7	106.2	1.50	980	-	0.12	Δ	0.31		3.4	348
	106.2	107.6	1.40	1,670	-	0.21	Δ	0.28		7.6	1,100
	107.6	108.3	0.70	2,700	0.42	0.53		0.17		2.5	660
	108.3	109.8	1.50	1,110	-	0.14	Δ	0.07		2.6	778
	109.8	111.3	1.50	930	-	0.12	Δ	0.05		1.9	839
	111.3	112.8	1.50	450	-	0.06	Δ	0.03		0.9	358
	112.8	113.5	0.70	500	-	0.06	Δ	0.04		0.7	431
	113.5	114.9	1.40	1,100	-	0.14	Δ	0.06		2.6	1,020
	114.9	116.4	1.50	1,340	-	0.17	Δ	0.13		10.3	6,940
	116.4	118.0	1.60	930	-	0.12	Δ	0.09		1.4	298

PM24-007	38.4	39.7	1.30	2,030	0.28	0.35		0.16		1.8	194	5.1m @ 0.175 % WO₃, 1.76 g/t Ag & 0.16 % Zn
	39.7	41.2	1.50	20	-	0.00	Δ	0.07		0.9	91
	41.2	42.7	1.50	1,400	-	0.18	Δ	0.13		3.0	223
	42.7	43.5	0.80	1,610	-	0.20	Δ	0.39		1.0	231

PM24-012	66.0	67.5	1.50	2,570	0.29	0.37		0.18		6.2	101		39.3m @ 0.735 % WO₃, 39.71 g/t Ag, 0.30 % Zn & 0.44 % Cu
	67.5	69.2	1.70	2,870	0.28	0.35		0.84		21.0	560
	69.2	70.7	1.50	410	-	0.05	Δ	0.23		1.8	331
	70.7	72.2	1.50	2,270	0.23	0.29		0.04		0.6	166
	72.2	73.1	0.90	2,630	0.26	0.33		0.03		-	67
	73.1	74.4	1.30	930	-	0.12	Δ	0.21		20.0	418
	74.4	76.1	1.70	80	-	0.01	Δ	0.08		-	40
	76.1	77.6	1.50	3,780	0.38	0.48		1.96	F	22.2	4,190
	77.6	79.1	1.50	1,030	-	0.13	Δ	0.42		8.9	553
	79.1	80.6	1.50	1,130	-	0.14	Δ	0.60		1.1	175
	80.6	81.3	0.70	2,400	0.23	0.29		0.47		14.2	1,575
	81.3	82.5	1.20	1,950	-	0.25	Δ	0.64		20.7	5,040
	82.5	84.0	1.50	3,150	1.37	1.73		0.41		21.9	8,630	19.8m @ 1.219 % WO₃, 69.63 g/t Ag, 0.15 % Zn & 0.75 % Cu
	84.0	85.5	1.50	2,490	1.39	1.75		0.30		38.5	25,900
	85.5	87.0	1.50	2,290	1.35	1.70		0.18		31.2	17,700
	87.0	88.5	1.50	2,220	1.32	1.66		0.11		15.3	7,450
	88.5	89.2	0.70	3,800	0.37	0.47		0.09		3.4	1,760
	89.2	90.5	1.30	1,300	-	0.16	Δ	0.02		-	123
	90.5	92.0	1.50	3,580	0.35	0.44		0.06		0.5	187
	92.0	93.6	1.60	3,430	0.45	0.57		0.09		2.1	1,080
	93.6	95.0	1.40	2,290	1.26	1.59		0.05		2.5	952
	95.0	96.6	1.60	4,040	1.04	1.31		0.23		13.9	7,220
	96.6	98.0	1.40	4,310	0.73	0.92		0.21		10.7	5,110
	98.0	99.3	1.30	2,230	0.87	1.10		0.12		26.6	13,800
	99.3	100.8	1.50	1,980	-	0.25	Δ	0.14		61.7	8,600
	100.8	102.3	1.50	2,940	2.30	2.90		0.03		696.0	2,910
	102.3	103.8	1.50	2,910	0.30	0.38		0.10		9.3	4,860
	103.8	105.3	1.50	2,180	0.22	0.28		0.39		6.8	1,340

PM24-013	63.5	64.8	1.30	2,380	0.23	0.29		0.73		27.6	127	20.8m @ 0.228 % WO₃, 11.48 g/t Ag & 0.28 % Zn
	64.8	66.3	1.50	100	-	0.01	Δ	0.04		0.7	103
	66.3	67.8	1.50	2,810	0.27	0.34		0.34		2.1	349
	67.8	69.2	1.40	2,000	0.19	0.24		0.62		1.1	376
	69.2	70.7	1.50	2,530	0.26	0.33		0.77		21.0	160
	70.7	72.2	1.50	2,030	0.20	0.25		0.47		103.0	218
	72.2	73.7	1.50	1,790	-	0.23	Δ	0.08		1.9	167
	73.7	75.3	1.60	1,390	-	0.18	Δ	0.04		-	85
	75.3	76.8	1.50	2,250	0.22	0.28		0.03		0.6	234
	76.8	78.3	1.50	280	-	0.04	Δ	0.03		-	142
	78.3	79.8	1.50	3,290	0.33	0.42		0.04		1.4	785
	79.8	81.4	1.60	1,430	-	0.18	Δ	0.06		0.5	265
	81.4	82.8	1.40	1,420	-	0.18	Δ	0.55		2.7	1,650
	82.8	84.3	1.50	1,960	-	0.25	Δ	0.27		0.5	173
PM24-013	93.0	94.5	1.50	990	-	0.12	Δ	1.11	F	87.3	904	16.8m @ 0.256 % WO₃, 14.8 g/t Ag, 0.44 % Zn & 0.09 % Cu
	94.5	96.0	1.50	3,060	0.31	0.39		1.64	F	56.5	2,100
	96.0	97.8	1.80	2,360	0.31	0.39		0.21		6.7	1,325
	97.8	99.3	1.50	820	-	0.10	Δ	0.11		0.8	343
	99.3	100.8	1.50	1,090	-	0.14	Δ	0.12		1.6	511
	100.8	102.3	1.50	2,030	0.28	0.35		0.13		2.5	980
	102.3	103.8	1.50	2,690	0.27	0.34		0.09		3.5	1,215
	103.8	105.3	1.50	2,790	0.29	0.37		1.40	F	3.3	1,615
	105.3	106.8	1.50	1,460	-	0.18	Δ	0.04		1.0	497
	106.8	108.3	1.50	2,210	0.22	0.28		0.03		0.6	149
	108.3	109.8	1.50	950	-	0.12	Δ	0.02		0.6	35

Guardian Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7583 8304
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: +44 20 7213 0880
Shard Capital Partners LLP Lead Broker Damon Heath/Erik Woolgar	Tel: +44 (0) 20 7186 9000
First Equity Limited Broker Jason Robertson	Tel: +44 20 7374 2212