High-Grade Gold Intercepts Confirm Growth Potential at Crown Prince East

Jane Morgan Management

MEDIA RELEASE
14 April 2026

Additional near-mine mineralisation supports resource growth and mine life extension strategy

New Murchison Gold Limited (ASX:NMG) is pleased to report high-grade gold intercepts from recent reverse circulation (RC) drilling at the Crown Prince East Pit, a satellite deposit located approximately 300m east of the currently operating Crown Prince Gold Mine.

The drilling program has successfully delineated additional mineralisation within the designed pit outline, reinforcing the potential to expand near-term production and enhance the overall scale of the Crown Prince operation.

Key Highlights

High-grade gold intercepts defined within Crown Prince East pit design
Mineralisation remains open with multiple high-grade lodes identified
Results support potential conversion to additional Ore Reserves near existing operations
Close proximity to active mining provides clear pathway to rapid development

Best drill results include:

18m @ 10.3g/t Au from 54m, incl. 6m @ 29.3g/t Au
12m @ 10.3g/t Au from 34m, incl. 1m @ 42.2g/t Au
9m @ 5.3g/t Au from 31m, incl. 2m @ 17.9g/t Au
4m @ 7.2g/t Au from 42m, incl. 2m @ 12.6g/t Au
6m @ 4.6g/t Au from 48m
2m @ 10.0g/t Au from 85m
3m @ 5.1g/t Au from 92m, incl. 1m @ 11.5g/t Au

Strategic Significance

The Crown Prince East deposit sits within trucking distance of existing infrastructure and forms part of NMG’s broader strategy to transition into a sustainable gold producer. The latest drilling confirms multiple orientations of high-grade mineralisation, including intersecting lode systems where enhanced grades are observed.

Importantly, the program comprised 49 RC holes for 5,365m, alongside diamond drilling for structural understanding, providing a robust dataset to support resource modelling and mine planning.

These results highlight the potential to rapidly incorporate additional tonnes into the mine plan, leveraging existing approvals and infrastructure.

Next Steps

NMG will now:

Update mineralisation modelling and incorporate results into a revised JORC Mineral Resource
Redesign the Crown Prince East pit to optimise economics
Progress development planning, including potential mining equipment sourcing

Crown Prince East is already included within the existing mining approval, providing a streamlined pathway to production.

About us:

About New Murchison Gold

New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and development company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia.
The Company is focused on the Garden Gully Gold Project which comprises a 677km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The project has multiple gold deposits along the belt with the most advanced being the Crown Prince Deposit.

Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks.

NMG updated its Mineral Resource Estimate in November 2024 and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit in February 2025. This places NMG on track towards becoming a gold producer.

Contact details:

Jane Morgan

Investor Relations