Group Eleven Resources: High-grade Zinc-Lead-Silver, Germanium Discovery in

• G11-3552-17 (a 360m step-out to the NE): 108.5m of 3.5% Zn+Pb (2.8% Zn and 0.7% Pb) and 25 g/t Ag (starting from 143m downhole), including:
  • 5.6m of 13.1% Zn+Pb (10.5% Zn and 2.6% Pb) and 116 g/t Ag and
  • 4.2m of 15.2% Zn+Pb (14.4% Zn and 0.8% Pb) and 34 g/t Ag and
  • 4.9m of 9.7% Zn+Pb (6.8% Zn and 2.8% Pb) and 39 g/t Ag and
  • 3.6m of 3.1% Zn+Pb (1.3% Zn and 1.8% Pb), 101 g/t Ag and 0.45% Cu
• G11-3552-16 (a 100m step-out to the NE): 24.7m of 3.7% Zn+Pb (2.9% Zn and 0.7% Pb) and 12 g/t Ag (starting from 254m), including:
  • 7.4m of 9.1% Zn+Pb (7.4% Zn and 1.7% Pb) and 29 g/t Ag
• G11-3552-15 (a 360m step-out to the NE): 36.7m of 2.9% Zn+Pb (1.6% Zn and 1.3% Pb) and 12 g/t Ag (starting from 236m), including:
  • 3.8m of 5.9% Zn+Pb (4.5% Zn and 1.4% Pb) and 17 g/t Ag and
  • 3.7m of 5.2% Zn+Pb (3.2% Zn and 2.0% Pb) and 13 g/t Ag and
  • 4.5m of 4.5% (1.9% Zn and 2.7% Pb) and 27 g/t Ag
• Two-rig drill program at Ballywire continues on schedule with the next assay results expected over the coming few weeks (three holes are currently completed with assays pending)

“We are excited that the high-grade footprint of the Ballywire discovery has leapt forward again,” stated Bart Jaworski, CEO. “Today’s drill results extend known high-grade mineralization at Ballywire by 360m along strike from 890m to 1,250m, and provide compelling evidence that mineralization is intensifying towards the shallower, northeastern portion of the discovery area. The 108.5m intercept announced today is particularly notable given high-grade zones occur throughout the interval.”

“Together with historic hole 97-468-2 and our larger step-outs earlier this year, robust mineralization pierced by drilling at Ballywire extends over 2.6km, along a prospective trend of over 6km. Given today’s additional intervals of significant massive sulphide, Ballywire is again showing signs of a major zinc-lead-silver discovery. With two rigs turning, we look forward to providing further drill results over the coming few weeks.”

Exhibit 1. Cross-Section A-A’ of G11-3552-15 and -17 (360m Step-Out NE) at Ballywire

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Note: G11-3552-19 is completed with assay pending; G11-3552-21 is currently being drilled; 360m step-out refers to the distance of this fence of drilling from G11-3552-12.

Exhibit 2. Plan Map Showing New Drilling at Ballywire

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Exhibit 3. Cross-Section B-B’ of G11-3552-16 (100m Step-Out Hole NE) at Ballywire

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Note: G11-3552-18, and -20 are completed with assays pending; G11-3552-22 is currently being drilled; 100m step-out refers to the distance of this fence of drilling from G11-3552-12.

Exhibit 4. Cross-Section C-C’ of G11-3552-14 (50m Step-Out North) at Ballywire

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