Fosterville Gold Mine Underground Drill Results - Jan 2016 News Release FIGURES Figure 1 Longitudinal Projections of Phoenix Eagle East Dipping and Kestrel Mineralization, Fosterville Gold Mine Figure 1A Longitudinal Projection of Lower Phoenix and Lower Phoenix FW Mineralization, Fosterville Gold Mine Figure 2 Longitudinal Projection of Fosterville Gold Mine Figure 3 Location Plan, Fosterville Gold Mine TABLES Table 1: Table 2: Drill Assay Intercepts for Eagle, LPFW, Phoenix and East Dipping Faults and Kestrel Structures (Intercepts reported are outside of the December 31 2014 Indicated Mineral Resources) Exploration Underground Drill Hole Collar Locations, Fosterville Gold Mine (Drilling programs later than and outside of the reporting of the December 2014 Indicated Mineral Resources, Fosterville Mine Grid)
Table 1: Drill Assay Intercepts for Eagle, LPFW, Phoenix and East Dipping Faults and Kestrel Structures (Intercepts reported are outside of the December 31 2014 Indicated Mineral Resources) Hole ID From To Downhole Interval Estimated True Width Gold Grade (g/t Au) Geological Structure Eagle UDH1343 340.3 341.4 1.1 0.92 3.77 Eagle UDH1345 352 353.15 1.15 0.88 9.02 Eagle UDH1346 321 323.6 2.6 2.01 7.44 Eagle UDH1366 208.3 213 4.7 4.27 7.82 Eagle UDH1397 163.45 164.8 1.35 1.33 6.32 Eagle And 174.7 176 1.3 1.25 4.72 Eagle UDH1406 218 219.65 1.65 1.58 6.53 Eagle UDH1406 226 229.9 3.9 2.35 6.42 Eagle UDH1407 214.9 217.25 2.35 2.32 3.98 Eagle UDH1408 216.7 220 3.3 3.17 12.1 Eagle And 220.85 231.1 10.25 5.07 9.80 Eagle UDH1410 230.9 236.6 5.7 3.21 2.50 Eagle UDH1416 (1) 311.35 317.6 6.25 6.14 32.02 Eagle Including (1) 317.25 317.6 0.35 0.34 355 Eagle UDH1424 181.1 181.4 0.3 0.30 2.22 Eagle And 193.1 195.3 2.2 1.91 12.06 Eagle UDH1430 76.35 77.15 0.8 0.28 3.63 Eagle UDH1451 (1) 398 399.1 1.1 1.06 168 Eagle Including (1) 398 398.9 0.9 0.87 204 Eagle UDH1455 (1) 209.85 211.95 2.1 1.79 25.12 Eagle Including (1) 210.75 211.15 0.4 0.34 117 Eagle UDH1456 204.9 206.2 1.3 1.20 9.56 Eagle UDH1457 209 210 1 0.94 7.15 Eagle UDH1458 No Significant Intercept Eagle UDH1460 202.3 203 0.7 0.64 7.23 Eagle UDH1473 8.6 15 6.4 5.86 32.38 Eagle UDH1478A (1) 275.4 278.7 3.3 0.93 121 Eagle Including (1) 275.4 276.1 0.7 0.20 499 Eagle UDH1481 (1) 263 270.35 7.35 4.94 161 Eagle Including (1) 266.45 269 2.25 1.51 449 Eagle UDH1492 0 0.8 0.8 0.63 5.87 Eagle UDH1493 0 2 2 1.38 2.03 Eagle UDH1496 (1) 332.4 337.25 4.85 4.40 75.40 Eagle Including (1) 334 334.4 0.4 0.36 607 Eagle East Dipping UDH1366 224.8 233.5 8.7 8.29 7.78 East Dipping
UDH1406 230.55 244 13.45 12.22 16.4 East Dipping UDH1407 239.4 246.2 6.8 5.63 5.74 East Dipping UDH1408 (1) 233.15 248.1 14.95 13.50 45.5 East Dipping Including (1) 243.15 243.5 0.35 0.32 1,321 East Dipping UDH1410 (1) 243.85 261.3 17.45 13.20 5.42 East Dipping Including (1) 252.55 252.8 0.25 0.19 28.1 East Dipping UDH1420 38 39.5 1.5 1.28 7.69 East Dipping UDH1421 34.4 35 0.6 0.56 4.08 East Dipping UDH1432 100 101 1 0.92 6.47 East Dipping UDH1434 106 109.15 3.15 2.26 15.2 East Dipping UDH1450 (1) 384 387.3 3.3 2.62 169 East Dipping Including (1) 385.55 386.85 1.3 1.03 413 East Dipping UDH1453 103.6 105.1 1.5 1.35 10.8 East Dipping UDH1456 (1) 234.95 238.45 3.5 3.41 645 East Dipping Including (1) 236.5 236.8 0.3 0.29 7,368 East Dipping UDH1457 245 253.65 8.65 8.42 7.66 East Dipping UDH1464 71.75 72.7 0.95 0.79 4.21 East Dipping UDH1472 8 9 1 0.76 1.88 East Dipping UDH1474 (1) 6.65 8 1.35 1.24 118 East Dipping Including (1) 6.95 7.25 0.3 0.28 517 East Dipping UDH1489 81.85 83.65 1.8 1.76 19.2 East Dipping UDH1490 78.55 79.3 0.75 0.74 27.2 East Dipping UDH1491 89.15 89.9 0.75 0.70 5.46 East Dipping Kestrel UDH1327 96.55 97.35 0.8 0.72 6.71 Kestrel UDH1366 77.3 78.3 1 0.83 3.7 Kestrel UDH1397 94.1 95 0.9 0.84 3.38 Kestrel UDH1403 73.6 74.5 0.9 0.89 13.8 Kestrel UDH1406 75.45 80 4.55 3.95 9.77 Kestrel UDH1407 74.9 77.8 2.9 2.85 7.73 Kestrel UDH1408 76.95 80.35 3.4 3.05 4.41 Kestrel UDH1410 76.5 78 1.5 1.46 3.57 Kestrel UDH1423 74.4 86.25 11.85 3.38 6.06 Kestrel And 184.6 187.55 2.95 1.42 4.63 Kestrel UDH1424 89.1 91.5 2.4 2.22 1.67 Kestrel UDH1439 439.9 443 3.1 2.09 4.61 Kestrel UDH1455 82.35 83.9 1.55 1.03 3.86 Kestrel UDH1456 80.8 82.3 1.5 1.44 2.59 Kestrel UDH1457 80.55 82 1.45 1.38 3.37 Kestrel UDH1511 81 89 8 2.97 4.2 Kestrel UDH1512 147.5 149.35 1.85 0.98 7.42 Kestrel Lower Phoenix UDH1347 298 301.4 3.4 2.38 5.04 Lower Phoenix UDH1408 295.9 297 1.1 0.47 0.72 Lower Phoenix
UDH1415 299.05 302.5 3.45 2.35 12.1 Lower Phoenix UDH1431 129.15 131.9 2.75 2.15 3.7 Lower Phoenix UDH1432 141 144 3 2.51 8.49 Lower Phoenix UDH1433 122 127.4 5.4 4.5 6.68 Lower Phoenix UDH1434 132.1 133.45 1.35 0.98 9.79 Lower Phoenix UDH1435 141.45 143 1.55 1.18 6.12 Lower Phoenix UDH1436 143.4 145.45 2.05 1.57 6.52 Lower Phoenix UDH1437 151.55 152.05 0.5 0.37 3.72 Lower Phoenix UDH1441 203.9 210.3 6.4 5 4.19 Lower Phoenix UDH1444 148.8 153.3 4.5 3.99 16.5 Lower Phoenix UDH1450 261 262 1 0.73 6.93 Lower Phoenix UDH1451 No Significant Intercept Lower Phoenix UDH1452 No Significant Intercept Lower Phoenix UDH1478A (1) 341.4 342.45 1.05 0.62 22.7 Lower Phoenix UDH1495 298.45 299.85 1.4 0.94 4.82 Lower Phoenix UDH1496 328 331.85 3.85 2.42 6.2 Lower Phoenix UDH1517 116.15 116.8 0.65 0.28 5.51 Lower Phoenix Lower Phoenix FW UDH1366 233.9 241.3 7.4 6.48 5.94 Lower Phoenix FW UDH1406 250.1 252.7 2.6 1.45 2.85 Lower Phoenix FW UDH1407 237.3 239.4 2.1 1.21 3.49 Lower Phoenix FW UDH1408 269 270.5 1.5 0.43 4.69 Lower Phoenix FW UDH1421 5.45 9.45 4 2.08 5.66 Lower Phoenix FW UDH1422 16 24 8 1.8 7.18 Lower Phoenix FW And 36 42 6 4.22 6.7 Lower Phoenix FW UDH1438 126.4 129 2.6 0.96 3.04 Lower Phoenix FW UDH1450 298.7 299.95 1.25 1.04 1.96 Lower Phoenix FW UDH1472 33.9 36.6 2.7 1.69 6.67 Lower Phoenix FW Phoenix UDH1403 77.9 79.1 1.2 0.6 5.59 Phoenix UDH1405 72 73.2 1.2 0.89 18.6 Phoenix UDH1439 324 328.6 4.6 4.13 7.65 Phoenix UDH1499 66.55 68 1.45 1.34 5.55 Phoenix UDH1520A 42.3 44 1.7 1.52 7.44 Phoenix UDH1522 50.55 52 1.45 1.22 4.31 Phoenix Notes: (1) - Visible gold observed in drill intercept Drill intercepts greater than 30 Gram-Metres (gold grade x estimated true width) are shown in bold text Drilling and Assay QAQC Newmarket Gold has in place quality-control systems to ensure best practice in drilling, sampling and analysis of drill core. All diamond drill hole collars (Table 2) are accurately surveyed using a Leica Total Stations instrument and down hole deviations are measured by electronic multi-shot cameras.
All reported drill intercepts are from NQ2 sized diamond drill core that was either whole core sampled or cut longitudinally in half with a diamond saw. In the cases of sawn drill core, one-half of the drill-core was sent for assay and the other half retained for reference. Drill core sample intervals vary between 0.3 and 1.2m in length and were determined from logging of sulphide and visible gold. Samples containing visible gold or considered likely to contain visible gold were separated from sulphide gold samples and dispatched independently for assaying. At the laboratory visible gold jobs were processed through a single pulverizer and material barren of gold was crushed before and after each sample to minimize the potential for gold to contaminate successive samples. Assay results are based on 25-gram charge fire assays. Mean grades are calculated using a variable lower grade cut-off (generally 2 g/t Au) and maximum 2m internal dilution. No upper gold grade cut has been applied to the data. However, during future resource work the requirement for assay top cutting will be assessed. Drill samples were assayed at On Site Laboratories, an independent laboratory in Bendigo, Victoria. The facility is registered ISO 9001:2008 (CERT-C33510). A lesser number of samples were also assayed at Gekko Systems Assay Laboratory in Ballarat, Victoria. The facility achieved NATA accreditation (No. 19561) in October 2015 in the field of chemical testing.
Table 2: Exploration Underground Drill Hole Collar Locations, Fosterville Gold Mine (Drilling programs later than and outside of the reporting of the December 2014 Indicated Mineral Resources, Fosterville Mine Grid) Hole ID Northing Easting Elevation Collar Azimuth ( ) Collar Plunge ( ) Depth UDH1327 6,748 1,751 4,342 278-49 197.7 UDH1343 6,572 1,475 4,459 90-81 380.9 UDH1345 6,572 1,475 4,459 93-80 356.7 UDH1346 6,572 1,475 4,459 73-82 359.6 UDH1347 6,573 1,474 4,460 18-78 335.9 UDH1366 6,669 1,750 4,329 279-30 275.7 UDH1397 6,747 1,751 4,342 260-45 296.9 UDH1403 6,618 1,756 4,323 280-13 89.2 UDH1405 6,617 1,756 4,323 259-12 107.3 UDH1406 6,618 1,756 4,323 284-28 284.9 UDH1407 6,618 1,756 4,323 277-28 266.1 UDH1408 6,618 1,756 4,323 277-34 472.3 UDH1410 6,618 1,756 4,322 271-33 299.8 UDH1415 6,573 1,474 4,459 35-82 323.9 UDH1416 6,572 1,475 4,459 72-85 356.9 UDH1420 7,192 1,572 4,333 123 10 53.7 UDH1421 7,193 1,572 4,332 105-4 51.0 UDH1422 7,194 1,572 4,334 68 27 55.5 UDH1423 6,747 1,751 4,342 236-63 236.7 UDH1424 6,748 1,751 4,342 272-38 210.0 UDH1430 7,095 1,665 4,292 304 7 149.9 UDH1431 7,094 1,664 4,292 274-9 143.4 UDH1432 7,095 1,665 4,292 288-7 152.8 UDH1433 7,093 1,665 4,292 266-7 137.5 UDH1434 7,093 1,665 4,292 252-10 139.8 UDH1435 7,093 1,665 4,292 262-14 149.8 UDH1436 7,094 1,665 4,291 272-16 155.5 UDH1437 7,093 1,665 4,291 255-18 162.0 UDH1438 7,093 1,665 4,291 262-22 173.9 UDH1439 6,521 1,471 4,460 115-47 500.1 UDH1441 6,945 1,665 4,242 271-27 234.1 UDH1444 7,093 1,665 4,292 245-15 161.9 UDH1450 6,522 1,470 4,460 97-76 441.8 UDH1451 6,522 1,469 4,460 106-84 428.3 UDH1452 6,520 1,469 4,460 145-79 374.9 UDH1453 7,093 1,665 4,292 256 2 122.9 UDH1455 6,619 1,757 4,322 288-37 296.8 UDH1456 6,618 1,757 4,322 281-37 290.8 UDH1457 6,618 1,757 4,322 274-38 275.8 UDH1458 6,619 1,757 4,322 296-39 275.6
UDH1460 6,618 1,757 4,322 285-42 272.9 UDH1464 6,955 1,631 4,237 243-11 142.3 UDH1472 6,868 1,600 4,304 304 16 47.6 UDH1473 6,868 1,600 4,305 291 33 41.4 UDH1474 6,868 1,600 4,304 284 8 41.2 UDH1478A 6,513 1,755 4,307 289-34 348.0 UDH1481 6,513 1,755 4,307 289-40 294.0 UDH1489 6,846 1,628 4,262 280-41 128.0 UDH1490 6,845 1,628 4,263 269-19 113.7 UDH1491 6,844 1,628 4,262 240-37 131.7 UDH1492 6,843 1,628 4,262 227-34 146.3 UDH1493 6,843 1,628 4,262 219-28 154.9 UDH1495 6,689 1,471 4,455 123-85 335.8 UDH1496 6,523 1,469 4,460 30-84 363.0 UDH1499 6,566 1,754 4,315 268-9 89.6 UDH1511 6,619 1,757 4,322 289-55 146.5 UDH1512 6,618 1,757 4,322 289-55 242.9 UDH1517 7,362 1,657 4,352 273-32 125.6 UDH1520A 6,447 1,756 4,300 249 52 51.6 UDH1522 6,447 1,756 4,298 252 22 80.4