Vital Metals Limited is pleased to advise that drilling has commenced at its 100%-owned Kollo Gold Project in Burkina Faso , West Africa to in-fill and extend known high-grade gold mineralisation.

Key Points: ?

Diamond drill rig on site and operating.

~2,000m of RC drilling planned to in-fill and extend previous high-grade intercepts including:

5m at 60.36g/t Au from 75m (including 2m at 128.5g/t)

31m at 3.19g/t Au from 34 m

15m at 7.78g/t Au from 105m

~500m of diamond drilling planned.

A diamond drill rig is currently on site and co mmenced drilling operations on the weekend. The Reverse Circulation (RC) rig has received all of the import permits and is expected to be mobilised pending a final physical inspection .

The Kollo Gold Project is located in the heart of one of West Africa’ s most prolific gold districts, a region that is attracting growing attention due to recent exploration success and corporate consolidation activity.

Kollo is located approximately 50km west of the producing Youga mine that was purchased in February 2016 for US$25 million by MNG Gold. MNG Gold also recently completed the purchase of the high-grade Balogo project, located to the east of Kollo.

To the north, on the Markoye fault corridor, West African Resources’ Tanlouka Gold Project has been returning outstanding grades, including 32m at 5.02g/t gold from 2m and 8m at 31.78g/t gold from 58m .

Immediately to the south of the Kollo Project is Cardinal Resources Bolgatanga Project and Namdini Project in Ghana. The Bolgatanga Project has returned broad mineralised intercepts similar to those seen at Kollo, such as 43m @ 1.55g/t gold and 51m @ 1.02g/t gold.

Previous RC drilling at Kollo has intersected significant gold mineralization, which is developed for almost 6 km of strike along the north – east trending Kollo Shear Corridor.

Gold at Kollo occurs as fine-grained native gold within quartz veins, micro shears and vein pyrite. The mineralisation is as sociated with intensive shearing and quartz veining within sheared felsic volcaniclastics. The high-grade nature of gold mineralisation at Kollo is seen in exploration drilling results at Kollo that have included:

5m @ 60.36 g/t gold from 75m including 2m @ 128.50 g/t gold from 76m ( KRC260)

15m @ 7.75 g/t gold from 105m (KRC255)

4m @ 6.29 g/t gold from 78m (KRC249)

8m @ 3.62 g/t gold from 15m (KRC266)

18m @ 2.95 g/t gold from 37m (KRC001)

31m @ 3.19 g/t gold from 34m (KRC019)

Preliminary metallurgical testwork has confirmed that the gold mineralisation at Kollo is amenable to either heap leaching or conventional CIL processing.

This work confirm s that that the gold mineralisation at Kollo is neither preg – robbing nor refractory , and is suitab le to be recovered using either heap leach or conventional CIL cyanidation techniques. It also provides a solid foundation from which to advance the planned project studies .

Vital is looking forward to the results of this important drilling program and will provide regular updates as the drilling progresses.