ASX Announcement and Media Release

24 April 2019

KALAMAZOO COMPLETES INITIAL DRILLING IN

WA’S DOOLGUNNA REGION

Highlights

Kalamazoo has completed a reconnaissance drilling program at its Cork Tree Copper Project in WA’s highly prospective Doolgunna region.

Five anomalous copper zones were intersected (>500ppm Cu), all located within E52/2057 at the Cork Tree Copper Prospect.

In one of the zones there was an intersection of anomalous copper across a significant 32m width at shallow depth.

Maximum copper values of 2,140ppm (0.21% Cu) recorded.

Kalamazoo will now follow up the composite sampling with resampling of one- metre splits in the copper zones of interest and planning the next phase of exploration.

Copper-gold exploration company, Kalamazoo Resources Limited (ASX:KZR) (“Kalamazoo”), today announced it has completed a preliminary reverse circulation drill programme at its Cork Tree Copper Project, located in Western Australia’s highly prospective Doolgunna region (Figure 1).

Four holes (19CTWRC001 – CTWRC004) were drilled for 624 metres at the Elmo and Cork Tree Copper Prospects, within E52/2056 and E52/2057 respectively. Hole details are recorded in Table 1.

The Cork Tree Project consists of six granted exploration licences (E52/2056, E52/2057, E52/3042, E52/3514, E52/3515 and E52/3540), comprising 117 blocks and covering a contiguous area of approximately 370km2 along the contact of the Yerrida Basin and the Earaheedy Basin (Figure 2).

The exploration area covers 40kms of strike and is located 30kms to the south-east of the DeGrussa and Monty mines owned by ASX-listed Sandfire Resources NL (ASX: SFR) (Figure 2).

The Cork Tree Copper Project is bordered on three sides by Sandfire controlled tenure, which has now expanded to 6,674km2 with 60,000m of drilling underway.1

Figure 1: Location of the Cork Tree Project

Historical exploration at Cork Tree2 has indicated very encouraging copper potential with a regional soil sampling program having defined an anomaly some 1,950m x 600m in extent with results ranging from 2ppm to 25ppm Cu. In addition, eight rock samples of ‘gossans’ have previously returned copper assay above 0.1% with a maximum of 1.42% copper.

1Refer to ASX: SFR March 2019 Quarterly Presentation dated 18 April 2019

2Refer to Independent Geologists Report in Section 5 of the Company’s Prospectus dated 3 October 2016