Emu NL (EMU or the Company, ASX:EMU), is very pleased to provide this exploration update
from its Badja Project near Yalgoo Western Australia.

First assay returns have been received from selected drill hole intervals from EMU’s Stage 3
drilling programme completed in April 2022. The results highlight a continuation of high-grade
gold intercepted at depth in the north-plunging ore shoot of the historic Gnows Nest Mine.

The programme has confirmed the Flying Emu prospect discovery with Reverse Circulation (RC)
drilling intercepting broad gold mineralisation hosted in quartz veining within sheared mafics
in a mafic-sedimentary sequence. The Flying Emu prospect is located along the same
geological and structural controls that define the Monte Cristo and Watertank Hill prospects
and lies approximately 1,000m northwest of Monte Cristo.

Full ASX release