Inflection gains new Dandaloo copper-gold licence

Mr. Alistair Waddell reports INFLECTION RESOURCES GRANTED STRATEGIC COPPER-GOLD EXPLORATION LICENSE ADJACENT TO TRANGIE PROJECT IN NEW SOUTH WALES, AUSTRALIA Inflection Resources Ltd.'s Australian subsidiary has been awarded an additional exploration licence in New South Wales. The newly acquired, 100-per-cent-owned Dandaloo project adjoins the company's Trangie project and is not included as part of the AngloGold Ashanti agreement. Summary highlights: Inflection has acquired a strategic exploration licence it considers prospective for copper-gold porphyry-style mineralization located directly southeast and east of its flagship Trangie project in New South Wales, Australia. The Dandaloo project area was previously explored by an Australian subsidiary of Goldfields Ltd. in the late 1990s where shallow scout drilling reportedly identified occurrences of copper mineralization in the form of bornite and chalcopyrite associated with a prominent aeromagnetic feature. The initial drilling was apparently not followed up. The new exploration licence consolidates and expands Inflection's footprint in the highly prospective northern extension of the Macquarie Arc, Australia's premier porphyry copper-gold province. Alistair Waddell, Inflection's president and chief executive officer, states: "The granting of this exploration licence represents a significant opportunity to expand our copper-gold footprint around our Trangie project. The historical descriptions of bornite and chalcopyrite within an essentially untested magnetic feature are exactly the type of targets we seek in the covered extension of the Macquarie Arc. Given our recent success at Trangie in the discovery of porphyry-style mineralization, we are perfectly positioned to unlock the potential of these historical drill holes. The fact that these compelling intercepts were never followed up presents an excellent exploration opportunity adjacent to our flagship Trangie project." Dandaloo project Inflection applied for and was awarded the Dandaloo exploration licence it considers highly prospective for copper and gold, located immediately southeast and east of the Trangie project in New South Wales. The newly acquired ground contains a compelling aeromagnetic high with historical references of bornite and chalcopyrite mineralization associated with magnetite-bearing quartz veins in two air-core drill holes, which are indicators of potential porphyry copper-gold type mineralization. Review of historical data reveals that Goldfields conducted scout drilling in 1997, testing a prominent magnetic high evident in regional aeromagnetic data. Two of these historical holes (TACD010 and TACD020) reportedly intercepted visible bornite and chalcopyrite mineralization -- high-temperature copper sulphides often associated with porphyry copper systems. Significantly, this promising mineralization located at depths between 80 and 170 metres was never followed up with additional drilling due to surface agricultural activities at the time and an apparent shift in exploration focus, leaving the target untested for 28 years. The magnetic signature at Dandaloo has some similarities to the zone of magnetite enrichment at Trangie, where Inflection's drilling is defining a gold-copper porphyry system. Next steps The company has commenced land access discussions and permitting for a program of air core drilling. This program will involve the completion of an initial six to 10 drill holes to test the upper part of the basement sequence. This is a cost-effective and efficient drilling technique to collect lithological and geochemical data from the top of the prospective basement will provide valuable vectors for potential deeper drill holes. Inflection will draw upon its technical expertise of the geochemical and alteration footprints of other Ordovician alkalic porphyry copper deposits in New South Wales to analyze the data collected in this program. About Inflection's New South Wales projects The company is systematically exploring for large copper-gold and gold deposits in the northern interpreted extension of the Macquarie Arc, part of the Lachlan fold belt in New South Wales. The Macquarie Arc is Australia's premier porphyry copper-gold province that hosts Newmont Corp.'s Cadia deposits, Evolution Mining's Northparkes and Cowal deposits plus numerous exploration prospects including Boda, a discovery made by Alkane Resources. The company has a continuing exploration partnership with AngloGold Ashanti which covers four projects in northern New South Wales. Qualified person and sampling quality control The scientific and technical information contained in this news release has been reviewed and approved by Carl Swensson (FAusIMM), a qualified person (QP) as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Swensson is not independent by reason he is a director of the company's subsidiary and a shareholder of the company. The historical data referenced in the release has not been verified by the company, is not National Instrument 43-101 compliant and cannot be relied upon. The historical exploration data collected by Goldfields referenced in this news release can be found on the on-line database, MinView, compiled by the Geological Survey of New South Wales. About Inflection Resources Ltd. Inflection is a copper-gold focused mineral exploration company listed on the Canadian Securities Exchange under the symbol AUCU, on the OTCQB under the symbol AUCUF and on the Frankfurt Stock Exchange under the symbol 5FJ, with projects in New South Wales and the Northern Territory, Australia. We seek Safe Harbor.