Exploration Update On Copper-Gold Projects In Northern New South Wales

VANCOUVER - Inflection Resources Ltd. reported on exploration from the copper-gold drill projects in Northern New South Wales, Australia. Summary Highlights: First-pass drilling on the Mundadoo target intercepted zones of intense and favorable high temperature potassic-style biotite overprinted by sericite alteration suggesting proximity to a new and additional, previously unrecognized porphyry centre; Further step-out drilling on the high priority Trangie target has identified the most intense zone of alteration and mineralization intercepted to date, suggesting a potential porphyry centre located to the northeast, possibly associated with an untested magnetic low; First-pass drilling on the Foster target intercepted zones of native copper associated with quartz-magnetite veins; and Drilling continues in New South Wales across the portfolio of 100% owned copper-gold and gold targets. The program is systematically drilling untested regional targets as well as completing a series of step-out vectoring drill holes on high priority targets where favorable alteration and mineralization has been identified.

The Company is continuing to explore its large portfolio of 100% owned projects for large alkalic copper-gold and gold deposits in the northern extension of the Macquarie Arc, Australia’s premier porphyry gold-copper province. Nine additional holes have been completed across the Mundadoo, Trangie, Myallmundi, Foster and Newhaven targets totaling 2,280 meters. Inflection has now completed forty-six holes totaling 10,097 meters since the inception of the Northern New South Wales drill program.

First-pass drilling on the Mundadoo target intercepted zones of intense and favorable high temperature potassic-style alteration manifest as early biotite veins, the degree and style of which, together with the amount of sulphide is considered highly encouraging and suggests potential proximity to an additional, previously unrecognized porphyry centre. The Company considers this hole highly significant and immediately ranks Mundadoo as a high priority target warranting follow-up, step-out drilling.

Step-out drilling on the high priority Trangie target has identified the most intense zone of alteration and mineralization intercepted to date. Hole TRNDDH013 intercepted strong propylitic and potassic alteration and significant sulphide mineralization. The alteration, mineralization and green rock geochemical indicators all suggest a vector towards the northeast, potentially associated with a distinct magnetic low identified in the airborne magnetics.

First-pass drilling on the Foster target intercepted several intervals of native copper associated with quartz-magnetite veins that indicate the presence of an additional hydrothermal centre.

Drilling was delayed for periods over the last quarter due to extremely wet weather, widely reported in the Australian press as a once in a hundred year event. This rare weather event impacted Eastern Australia and in particular blocked access to a number of key drill targets for a number of weeks.

Alistair Waddell, President and CEO, said, “Our ongoing Northern New South Wales drill program continues to provide very encouraging results. The strong biotite vein development, which is indicative of porphyry-proximal potassic-style alteration, encountered in drill hole MUNDH002 into the Mundadoo target is very exciting considering the target has never been previously drilled. This indicative porphyry style alteration suggests Inflection has identified an additional porphyry centre. The next phase of drilling will be very exciting as we follow up on Mundadoo and the other high priority targets already defined, as well as continue our first-pass regional drill program.”