Colin Bird, Executive Chairman, Xtract Resources plc (XTR.L) Update Interview

Bushranger Copper/ Gold Project Drilling Programme - Further Update

The Board of Xtract Resources Plc ("Xtract" or the "Company") is pleased to provide a further news update on progress of the first hole in the Phase One diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project located in the Lachlan Fold Belt ("LFB"), New South Wales, Australia.

Highlights

· Drilling of the first of three planned holes on the Phase One Drilling Programme at the Racecourse Mineral Resource on the Bushranger Project, has now traced the plunge of the deposit to a downhole depth of 1,047m in angled drill hole BRDD-20-001

· Copper mineralisation in the hole was first noted at a depth of 110m and the hole has been mineralised continuously to the current depth of 1,047m, 232m past the original planned finishing depth

· The hole continues to encounter strong visible copper mineralisation, and will be further extended until the zone is drilled through

· The copper mineralisation is predominantly disseminated chalcopyrite (copper sulphides) within a strongly altered quartz-feldspar porphyry intrusive body

Colin Bird, Executive Chairman said: "The hole is still continuing in strong mineralisation to the current depth, extending the potential scale of the porphyry system at Racecourse. We will continue to drill until we bottom out of the zone."

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