Announcement PDF ASX RELEASE 3 June 2025 Gum Creek Gold Project Impressive broad, shallow and high-grade intercepts returned from RC and Diamond Drilling HIGHLIGHTS  Significant intercepts returned from Swan, Swift, Howards and Wedge Prospects included: Swan/Swift Prospects:        22m @ 3.18g/t Au from 2m including 5m @ 9.71g/t Au from 10m 30m @ 1.74g/t Au from 77m 10m @ 4.47g/t Au from 74m including 5m @ 7.74g/t Au from 76m 10m @ 3.55g/t Au from 18m including 3m @ 11.18g/t Au from 18m 11m @ 2.95g/t Au from 22m including 4m @ 7.49g/t Au from 23m 12m @ 2.46g/t Au from 113m including 2m @ 9.24g/t Au from 114m 19m @ 1.15g/t Au from 29m including 6m @ 2.01g/t Au from 39m Howards Prospect:           28m @ 3.88g/t Au from 74m including 12m @ 8.19g/t Au from 77m 74m @ 0.88g/t Au from 18m including 8m @ 2.18g/t Au from 53m 52m @ 0.93g/t Au from 88m including 8m @ 2.21g/t Au from 94m 38m @ 1.25g/t Au from 48m including 13m @ 2.06g/t Au from 60m 42m @ 1.11g/t Au from 82m including 10m @ 2.37g/t Au from 112m 43m @ 0.95g/t Au from 1m including 5m @ 2.76g/t Au from 5m 27m @ 1.12g/t Au from 57m including 6m @ 2.05g/t Au from 60m 25m @ 1.19g/t Au from 4m including 6m @ 2.10g/t Au from 11m 27m @ 1.07g/t Au from 4m including 8m @ 2.36g/t Au from 15m 25m @ 1.11g/t Au from 95m including 4m @ 3.94g/t Au from 106m (core) Wedge Prospect:    10m @ 2.11g/t Au from 108m including 3m @ 4.75g/t Au from 111m (core) 6m @ 2.9g/t Au from 113m (RC) and 10m @ 1.33g/t Au from 129m (core) Final assays from all other prospects are pending. ________________________________________________________________________________ Horizon Gold Limited (ASX : HRN) (Horizon or Company) is pleased to announce numerous shallow, broad and high-grade gold intercepts from recent RC and diamond drilling at its 100% owned Gum Creek Gold Project (Gum Creek or the Project) located in the Mid-West Region of Western Australia. Final assay results have now been received from RC and diamond drilling programs at the Swan, Swift, 1 Horizon Gold Limited ACN: 614 175 923 Suite 8, Level 3, 47 Havelock Street, West Perth WA 6005 | PO Box 39, West Perth WA 6872 Telephone: +61 8 6331 6092 | Email: info@horizongold.com.au | Website: www.horizongold.com.au Shrike, Howards and Wedge prospects (Figure 1), which are all located in the southern part of the Project and are all being included in the current Gum Creek Feasibility Study (FS). Managing Director Leigh Ryan said: “These impressive drilling results are being incorporated into mineral resource estimate upgrades which are due to be announced in Q3 2025. The resulting block models will then be used in the Feasibility Study due for completion early next year. The Company looks forward to announcing further drilling results over the coming weeks”. Figure 1: Gum Creek Gold Project existing Mineral Resources, Potential Mineral Resources and Exploration Targets over simplified geology 1. 1 Refer to Horizon Gold Limited ASX announcement titled “Investor Presentation” dated 13 May 2025. 2 The Company completed a total of 59 RC holes for 5,151m at the Swan, Swift, Shrike, Howards and Wedge prospects, and 3 geotechnical diamond holes for 484.6m at the Swift, Howards and Wedge prospects. The program has confirmed historic drilling results and will further increase the resource confidence levels within each of the resource models. In addition, the diamond drilling has provided essential geotechnical information to be used in pit designs for the Feasibility Study. Swan/Swift/Shrike Prospects The Swan/Swift Mineral Resource which includes the Shrike Prospect, is located ~1.0km east of the historic Gidgee mill (Figure 1). The current MRE for the Swan/Swift open cut Mineral Resource Estimate (MRE) is 12.7Mt @ 1.06g/t Au for 434,100oz (Table A). Nineteen RC holes were drilled at Swan for 1,444m, 4 RC holes were drilled at Shrike for 231m, and one RC hole was completed at Swift for 131m. One HQ geotechnical diamond hole was also drilled at Swift for 129.7m. Assay results have confirmed and extended previously identified shallow gold mineralisation along the north-west and eastern edges of the Swan/Butcherbird pits (Figures 2 - 4). Numerous significant >20 gram x metre intercepts were returned (Table C) including:          22m @ 3.18g/t Au from 2m including 5m @ 9.71g/t Au from 10m (SBRC128) 30m @ 1.74g/t Au from 77m (SBRC133) 10m @ 4.47g/t Au from 74m including 5m @ 7.74g/t Au from 76m (SBRC134) 10m @ 3.55g/t Au from 18m including 3m @ 11.18g/t Au from 18m (SBRC141) 11m @ 2.95g/t Au from 22m including 4m @ 7.49g/t Au from 23m (SBRC143) 12m @ 2.46g/t Au from 113m including 2m @ 9.24g/t Au from 114m (SFRC001) 33m @ 0.88g/t Au from 86m including 17m @ 1.38g/t Au from 91m (SBRC141) 6m @ 3.88g/t Au from 27m (SBRC129) 19m @ 1.15g/t Au from 29m including 6m @ 2.01g/t Au from 39m (SBRC134) Gold mineralisation at Swan and Swift is associated with conjugate quartz-carbonate-pyrite vein sets preferentially hosted within carbonate-sericite altered dolerite. Conjugate vein sets are shallow southeast dipping with lodes generally plunging to the south, and moderate to steeply northeast dipping with lodes plunging to the north. High-grade ore shoots are formed parallel to vertical fold hinges within the dolerite, at conjugate vein set intersections, and at the intersection of vein sets with the Swan and Swift shear zones which run through the centre of both open cut pits. Swan, Swift and Shrike Prospects also include flat lying supergene gold mineralisation that is located between 10m and 40m below surface. Wireframing of the Swan, Swift and Shrike gold mineralisation has been completed in preparation for updated mineral resource estimates. 3 Figure 2: Swan/Swift drill hole plan showing $2900/oz optimised pit shell outline, recent drill collars (red) and recent gold intercepts >20 GxM (labelled) over satellite image. Figure 3: Swan cross section showing mineralised zones including significant 2025 and historic RC intercepts. 4 Figure 4: Swift cross section showing mineralised zones including significant 2025 and historic RC intercepts. Howards Prospect The Company completed a total of 30 RC holes for 2,463m and one geotechnical diamond hole for 185m at the Howards Prospect (Figure 1). The holes were designed to test up-dip extensions and confirm the previously delineated shallow gold mineralisation associated with the current MRE of 10.2Mt @ 0.81g/t Au for 266,900oz (Table A). Drilling successfully intercepted near surface gold mineralisation, and infill drill lines have confirmed the broad widths and grade of historic intercepts within northern and central lodes further increasing resource confidence levels at the prospect. Numerous >25 gram x metre gold intercepts were returned from the drill program (Figures 5 & 6, Table D), including:               28m @ 3.88g/t Au from 74m including 12m @ 8.19g/t Au from 77m (HWRC293) 74m @ 0.88g/t Au from 18m including 8m @ 2.18g/t Au from 53m (HWRC300) 52m @ 0.93g/t Au from 88m including 8m @ 2.21g/t Au from 94m (HWRC301) 38m @ 1.25g/t Au from 48m including 13m @ 2.06g/t Au from 60m (HWRC297) 42m @ 1.11g/t Au from 82m including 10m @ 2.37g/t Au from 112m (HWRC298) 43m @ 0.95g/t Au from 1m including 5m @ 2.76g/t Au from 5m (HWRC299) 46m @ 0.78g/t Au from 24m including 3m @ 1.97g/t Au from 28m (HWRC296) 38m @ 0.89g/t Au from 6m including 11m @ 1.30g/t Au from 32m (HWRC289) 57m @ 0.54g/t Au from 3m (HWRC295) 27m @ 1.12g/t Au from 57m including 6m @ 2.05g/t Au from 60m (HWRC301) 34m @ 0.88g/t Au from 27m including 6m @ 1.62g/t Au from 30m (HWRC292) 25m @ 1.19g/t Au from 4m including 6m @ 2.10g/t Au from 11m (HWRC286) 27m @ 1.07g/t Au from 4m including 8m @ 2.36g/t Au from 15m (HWRC287) 25m @ 1.11g/t Au from 95m including 4m @ 3.94g/t Au from 106m (HWDD0011 - core) 5   28m @ 0.98g/t Au from 2m including 7m @ 2.15g/t Au from 19m (HWRC305) 13m @ 2.06g/t Au from 4m (HWRC281) Gold mineralisation at Howards is hosted within a broad, north-south trending, vertical to steep westdipping shear zone, approximately 150m from, and sub-parallel to the east-dipping eastern contact of the Montague granodiorite. Mineralisation is associated with strong quartz veining and intense silicaalbite-biotite alteration within a sheared basalt above a footwall dolerite unit. Two sinistral northwesttrending faults offset the northern (northern lode) and southern (southern lode) extensions from the main Howards lode by 30m and 150m respectively (Figure 5). Whilst additional extension drilling is warranted at Howards, an MRE update will be completed for FS purposes prior to further drilling. Wireframing of the Howards gold mineralisation has commenced in preparation for an updated MRE. Figure 5: Howards Prospect drill hole location plan showing $2900/oz optimised pit shells outlined, recent drill hole traces (black) and recent gold intercepts >25 GxM (labelled) over interpreted geology. 6 Figure 6: Howards cross section showing mineralised envelope and significant 2025 RC intercepts (>7.5 GxM). Wedge Prospect The Wedge Prospect is located 2km northeast of the historic Gidgee Mill (Figure 1) and hosts a current MRE of 487Kt @ 1.52g/t Au for 23,800 oz. (Table A). The recent RC program at Wedge (5 RC holes for 882m and 1 diamond hole for 169.9m), has continued to intercept the shallow south plunging high grade gold shoot that extends from the base of the Wedge open cut pit. Significant gold intercepts (>9.5 G x M) returned from the program (Figures 7 & 8, Table E) include:      10m @ 2.11g/t Au from 108m including 3m @ 4.75g/t Au from 111m (WEDD001) 6m @ 2.90g/t Au from 113m (WERC013) 5m @ 2.93g/t Au from 158m (WERC016) 10m @ 1.33g/t Au from 129m (WEDD001) 10m @ 0.99g/t Au from 121m including 3m @ 2.17g/t Au from 125m (WERC015) High grade gold mineralisation at Wedge is located within shoots that dominantly plunge ~30 degrees to the south and north, and are associated with quartz-pyrite veined, strongly sheared, strongly altered basalt. Mineralisation is continuous over a 450-metre strike and is currently defined to a maximum vertical depth of 110 metres, with the base of complete oxidation at ~60 metres below surface. The program has extended the southern gold shoot further to the south where it remains open at depth. Further drilling is planned down plunge to the south, however an MRE update will be completed for FS purposes prior to further drilling. 7 Figure 7: Wedge Prospect drill hole collars coloured by max. downhole gold, all recent gold intercepts >2.5 GxM labelled, and gold mineralisation projected to surface over satellite image. Figure 8: Wedge Prospect long section showing gold shoots, intercept pierce points (coloured by GxM), 2025 drilling intercepts >2.5 GxM (labelled), and historic unmined drilling intercepts >40 GxM (labelled). 8 Feasibility Study Progress and Resource Expansion Drilling Work on the Gum Creek Feasibility Study is on schedule for completion early 2026 with geotechnical studies, metallurgical test work almost complete, and environmental surveys, mine design, heritage evaluation work and water management test work all advancing well. Water bore drilling and pump tests are due to commence early next month and will provide the data to produce a site-wide water balance model. Further drilling, including resource expansion drilling at some of the 12 open pittable resource areas not included in the 2024 Scoping Study will be undertaken to confirm the potential to extend the mine life envisaged in the Scoping Study. The Company is also considering additional drill testing at several high-grade targets including Kingfisher and Omega to further advance the significant economic potential of the Project in relation to underground mining options. The Company believes the Gum Creek Gold Project can be a robust, viable stand‐alone mining operation with the recent high gold prices only bolstering the March 2024 Scoping Study outcomes 2 and providing high level of optimism for the current Feasibility Study outcomes. 2 Refer to Horizon Gold Limited ASX announcement titled “Compelling Gum Creek Scoping Study” dated 20 March 2024. 9 About the Company Horizon Gold Limited (ASX:HRN) is an exploration company focused on its 100% owned Gum Creek Project in Western Australia (Figure 9). The Gum Creek Gold Project represents an exciting gold exploration and potential development opportunity that currently contains a Mineral Resource Estimate of 44.45Mt @ 1.50g/t Au for 2.14 million ounces of gold (Table A) including Indicated and Inferred resource classifications in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC Code 2012 edition). The indicated portion of the MRE is 28.19Mt @ 1.48g/t Au for 1.35Moz, representing 63% of the total resource ounces. Figure 9: Gum Creek Gold Project and surrounding gold resources and operating gold processing facilities. 10 Horizon Gold Limited Mineral Resources Table A: Gum Creek Gold Resources as at 15 May 2023 3 Date Swan/Swift OC Swan UG Swift UG Wilsons UG Howards Kingfisher OC Kingfisher UG Heron Heron South Shiraz Eagle Wyooda Snook Hawk Toedter Specimen Well Wedge Camel Bore Kearrys Psi HypernoReliance Melbourne Bitter Deep South Reliance Eagles Peak Orion Wahoo Fangio Jul-22 Jul-22 Jul-22 Jul-13 May-23 May-23 May-23 May-23 May-23 May-23 May-23 Jul-22 Jul-22 May-23 Aug-16 May-23 May-23 Jul-22 May-23 Jul-22 0.4 2.5 / 3.0* 3.0 1.0 0.4 0.6 1.5 0.6 0.8 0.4 0.8 0.8 0.8 0.6 0.5 0.8 0.6 0.8 0.6 0.8 May-23 Total Indicated Au Tonnes Gold (oz) (g/t) Cut-off grade (g/t Au) Resource 9,980,000 301,000 2,131,000 8,064,000 621,000 359,000 330,000 720,000 2,539,000 395,000 430,000 75,000 378,000 379,000 450,000 100,000 1.09 6.91 5.33 0.82 1.77 3.48 2.11 1.79 0.70 1.94 1.56 2.57 1.28 1.47 1.24 2.08 349,500 66,900 365,000 213,100 35,400 40,200 22,400 41,400 57,300 24,700 21,600 6,200 15,500 17,900 18,000 6,700 0.6 119,000 1.73 May-23 0.6 214,000 1.56 May-23 0.6 176,000 May-23 Jul-22 Jul-22 May-23 0.6 0.8 0.8 0.6 264,000 69,000 99,000 28,193,000 Inferred Au Tonnes Gold (oz) (g/t) Tonnes 434,100 118,500 25,400 391,000 266,900 45,100 135,700 110,600 78,900 78,900 68,800 64,800 54,000 34,400 34,000 25,500 23,800 21,800 20,000 19,000 445,000 1.31 18,800 6,100 362,000 1.44 16,800 1.56 2,400 224,000 1.62 11,700 0.99 1.40 1.25 1.35 1,300 8,200 10,400 1,300 305,000 251,000 258,000 129,000 1.16 1.43 1.25 1.33 11,400 11,500 10,400 5,500 0.96 7.10 5.72 5.95 0.78 1.12 3.24 1.51 1.53 0.63 1.80 1.56 1.76 1.25 1.54 1.50 1.52 1.21 1.35 1.69 84,600 51,600 25,400 26,000 53,800 9,700 95,500 88,200 37,500 21,600 44,100 43,200 47,800 18,900 34,000 25,500 23,800 3,900 2,000 12,300 12,715,000 527,000 138,000 2,267,000 10,200,000 890,000 1,276,000 2,152,000 1,481,000 3,603,000 1,159,000 1,292,000 921,000 849,000 689,000 529,000 487,000 479,000 496,000 326,000 6,600 326,000 1.16 12,200 10,700 148,000 1.28 1.64 9,300 48,000 1.19 1.49 1.32 10,100 3,300 4,200 41,000 182,000 258,000 30,000 1,346,000 16,257,000 Gold (oz) 1.06 6.99 5.72 5.36 0.81 1.58 3.31 1.60 1.66 0.68 1.85 1.56 1.82 1.26 1.54 1.50 1.52 1.42 1.25 1.81 2,735,000 226,000 138,000 136,000 2,136,000 269,000 917,000 1,822,000 761,000 1,064,000 764,000 862,000 846,000 471,000 689,000 529,000 487,000 100,000 46,000 226,000 1.48 Total Au (g/t) 1.51 791,300 44,450,000 1.50 2,137,300 * Cut-off grades are 2.5g/t Au for Swan Underground (UG) Indicated, and 3.0g/t Au for Swan UG Inferred. ** Wyooda includes the Kingston Town, Think Big and Manikato resources which are within 600m and 200m of each other respectively. Notes: Figures have been rounded. Table B: Altair Inferred Base Metal Mineral Resource as at 14 March 2023 4 Cut-off Total Tonnes & Grade Total Metal Content ZnEq % Mt ZnEq % Zn % Cu % Ag g/t ZnEq (Kt) Zn (Kt) Cu (Kt) Ag (Moz) 2.0 7.0 2.9 1.8 0.5 5.0 200 130 30 1.1 Note: The metal equivalent calculation formula is ZnEq % = Zn (%) + 2.78 x Cu (%) + 0.018 x Ag (g/t) using metal prices of A$4,500/t Zn, A$12,500/t Cu and A$30/oz Ag. Based on preliminary metallurgical studies, recoveries used were 90% for Zn, 90% for Cu, and 75% for Ag. Figures have been rounded. 3 Refer to Horizon Gold Limited ASX Announcement dated 15 May 2023 titled “19% Increase in Gold Resources at Gum Creek Project” to which the Company confirms there has been no changes. 4 Refer to Horizon Gold Limited ASX Announcement dated 14 March 2023 titled “Maiden Altair Base Metal Resource and Drilling Results from Altair and Mensa Targets” to which the Company confirms there has been no changes. 11 Table C: Significant Drill Hole Intercepts (>2 GxM) – Swan/Swift/Shrike RC and Diamond Drilling Hole ID East North RL Dip Azi EOH Depth From To Width Au g/t SBRC127 SBRC128 738859 738857 6983310 6983340 525 525 -90 -90 0 0 SBRC129 SBRC130 SBRC131 SBRC132 SBRC133 738836 738813 739326 739330 739345 6983340 6983350 6983590 6983605 6983231 525 524 520 521 520 -88 -60 -61 -61 -55 133 268 86 90 262 40 40 incl. 50 70 50 55 110 0 2 10 27 15 8 24 15 33 24 8 22 5 6 9 SBRC134 739340 6983201 520 -61 272 44 77 9 12 29 39 74 76 46 107 22 20 48 45 84 81 2 30 13 8 19 6 10 5 22 29 7 0.61** 3.18** 9.71 3.88 0.52 NSR NSR 2.51 1.74 0.78 1.11 1.15 2.01 4.47 7.74 NSR 1.47 51 100 31 31 45 87 50 52 64 77 80 95 97 18 18 80 86 91 87 14 14 22 23 36 0 113 114 13 44 15 30 11 25 38 11 42 58 104 42 33 53 88 58 57 73 82 82 108 98 28 21 83 119 108 90 19 16 33 27 38 8 125 116 19 51 22 32 17 28 57 18 46 7 4 11 2 8 1 8 5 9 5 2 13 1 10 3 3 33 17 3 5 2 11 4 2 8 12 2 6 7 7 2 6 3 19 7 4 0.40 1.42 0.57 2.02 0.34 3.24 0.84 1.11 0.68 1.30 2.34 1.02 8.37 3.55** 11.18** 0.68 0.88 1.38 0.71 0.63 1.31 2.95 7.49 3.05 1.98 2.46 9.24 0.59 0.31 0.33 1.81 0.47 0.82 0.85 0.44 0.93 89 incl. incl. incl. 45 45 90 110 SBRC135 SBRC136 SBRC137 SBRC138 739315 739315 739023 739340 6983151 6983111 6983254 6983168 520 520 502 520 -61 -61 -61 -60 268 271 292 271 SBRC139 739319 6983185 520 -60 271 110 incl. SBRC140 739340 6983185 520 -60 271 110 incl. incl. SBRC141 739364 6983186 520 -60 272 incl. 125 incl. SBRC142 SBRC143 739337 738810 6983247 6983358 520 524 -59 -89 269 54 incl. 125 60 incl. SBRC144 SBRC145 SFRC001 738830 738854 739745 6983357 6983358 6983291 525 521 521 -89 -89 -61 24 18 272 SIRC001 739241 6982500 519 -60.55 89.99 incl. 60 60 131 incl. 59 SIRC002 739255 6982500 519 -60.42 91.96 45 SIRC003 739250 6982540 520 -70.21 93.24 62 SIRC004 739244 6982540 520 -70.41 91.03 65 NSR 12 Hole ID East North RL Dip Azi EOH Depth From To Width Au g/t SWDD001* 739730 6983240 520 -61 271 129.7 95 101 6 0.47 Notes: All coordinates are GDA94 zone 50, all intercepts are determined using 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no intercept >2.0 GxM. * Diamond hole ** includes 2m composite sample(s). Table D: Significant Drill Hole Intercepts (>2 GxM) – Howards RC and Diamond Drilling Hole ID East North RL Dip Azi Depth From To Width Au g/t HWDD0011* 753922 6960570 496 -55 92 185 47 63 71 95 106 125 141 51 64 74 120 110 137 152 4 1 3 25 4 12 11 4 28 58 105 110 84 11 18 27 39 47 61 4 17 4 11 4 15 42 48 4 5 36 6 32 3 30 38 15 23 46 64 20 27 30 41 76 78 87 25 17 53 65 107 124 89 24 21 38 57 54 70 37 22 29 17 31 23 62 52 11 6 39 44 43 27 40 39 37 28 59 68 24 61 36 53 84 80 90 33 13 25 7 2 14 5 13 3 11 18 7 9 33 5 25 6 27 8 20 4 7 1 3 38 11 24 10 1 22 5 13 4 4 34 6 12 8 2 3 8 0.57 4.36 2.75 1.11 3.94 1.07 0.48 NSR 2.06** 0.46 0.49 3.91 0.28 1.91 0.61 1.21 0.54 1.00 1.59 0.41 0.60 1.25 1.19** 2.10 1.07** 2.36 0.99 2.09 2.64 15.30 1.65 0.89** 1.30 0.33 2.48 19.90 0.64 1.22 0.61 0.76 0.76 0.88 1.62 1.03 2.35 7.52 0.78 0.35 incl. HWRC280 HWRC281 754064 754044 6960180 6960210 496 496 -60 -60 91 93 65 125 HWRC282 HWRC283 754025 754045 6960210 6960250 496 496 -61 -60 90 90 91 45 incl. HWRC284 754031 6960250 496 -61 90 75 incl. HWRC285 754045 6960269 496 -60 88 HWRC286 754046 6960290 496 -60 90 HWRC287 754025 6960290 496 -61 91 70 incl. 100 incl. 73 incl. HWRC288 754046 6960330 496 -60 91 HWRC289 754026 6960329 496 -61 89 HWRC290 754046 6960410 496 -60 90 HWRC291 754026 6960410 496 -61 88 incl. 75 incl. HWRC292 754006 6960410 496 -61 89 113 incl. 69 incl. 70 incl. 40 incl. and incl. HWRC293 753986 6960409 496 -60 92 155 13 Hole ID East North RL Dip Azi Depth incl. incl. HWRC294 HWRC295 HWRC296 754040 754021 754001 6960490 6960490 6960490 496 496 496 -64 -60 -60 91 90 89 45 70 105 incl. and HWRC297 753981 6960490 496 -60 90 135 incl. HWRC298 753960 6960490 496 -60 90 HWRC299 754001 6960570 496 -60 93 HWRC300 753981 6960570 496 -59 89 115 incl. and HWRC301 753961 6960570 496 -60 91 149 incl. incl. 150 incl. 80 incl. and incl. HWRC302 HWRC303 753956 753955 6961050 6961070 496 496 -60 -60 90 92 HWRC304 753956 6961090 496 -60 91 HWRC305 753956 6961109 496 -60 91 HWRC306 753901 6961110 496 -60 90 HWRC307 753956 6961130 496 -61 90 HWRC308 HWRC309 753955 754073 6961149 6960770 496 497 -60 -60 89 89 incl. and 75 50 incl. 53 incl. 40 incl. 120 incl. 40 incl. 40 30 From To Width Au g/t 50 59 74 77 110 3 3 24 28 63 77 48 60 97 109 2 31 82 112 1 5 19 51 18 53 76 104 8 14 37 57 60 88 94 115 10 1 24 29 5 19 2 19 29 65 91 1 2 1 13 70 64 102 89 129 22 60 70 31 67 92 86 73 125 114 12 34 124 122 44 10 23 63 92 61 80 109 32 21 40 84 66 140 102 118 18 20 41 38 32 27 30 26 61 115 95 18 10 13 18 20 5 28 12 19 19 57 46 3 4 15 38 13 28 5 10 3 42 10 43 5 4 12 74 8 4 5 24 7 3 27 6 52 8 3 8 19 17 9 27 8 28 7 32 50 4 17 8 12 5 1.11 3.19 3.88 8.19 0.61 0.63 0.54 0.78 1.97 1.55 0.46 1.25 2.06 0.76 2.00 0.46 0.73 1.11 2.37 0.95 2.76 2.34 0.39 0.88 2.18 1.70 2.04 0.85** 1.21** 0.86 1.12 2.05 0.93 2.21 1.98 0.51 0.58 0.78 1.11 0.86 1.66 0.98 2.15 0.38 0.39 1.34 1.26 2.17 0.37 2.20 Notes: All coordinates are GDA94 zone 50, all intercepts are determined using 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no intercept >2.0 GxM. * Diamond hole ** includes 2m composite sample(s). 14 Table E: Significant Drill Hole Intercepts (>2 GxM) – Wedge RC and Diamond Drilling Hole ID East North RL Dip Azi Depth From To Width Au g/t WEDD001* 739580 6984815 524 -60 91 170 incl. WERC012 WERC013 WERC014 WERC015 739597 739564 739595 739575 6984815 6984815 6984795 6984795 524 524 523 523 -61 -59 -60 -61 89 90 89 88 WERC016 739575 6984774 523 -61 91 151 193 160 185 incl. 193 108 111 129 65 113 57 121 125 158 118 114 139 72 119 59 131 128 163 10 3 10 7 6 2 10 3 5 2.11 4.75 1.33 0.35 2.90 1.28 0.99 2.17 2.93 Notes: All coordinates are GDA94 zone 50, all intercepts use a 0.2 g/t Au lower cut, no upper cut, 2m maximum internal dilution and all intercepts >2.0 GxM are reported. NSR = no intercept >2.0 GxM. * Diamond hole. This ASX announcement was authorised for release by the Horizon Board. For further information contact: Leigh Ryan Managing Director +61 8 9336 3388 Competent Persons Statement: The information that relates to the Scoping Study and the information that relates to Exploration Results in this announcement is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. Mr Ryan is the Managing Director of Horizon Gold Limited and holds shares and options in the Company, Mr Ryan has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ryan consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears. No New Information or Data: This announcement contains references to Mineral Resource estimates, all of which have been cross referenced to previous market announcements. The Company confirms that it is not aware of any additional information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Forward Looking Statements: This ASX announcement may contain certain “forward-looking statements” which may not have been based solely on historical facts but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to metals price volatility, currency fluctuations, as well as political and operational risks and governmental regulation and judicial outcomes. 15 APPENDIX 2: JORC TABLE 1 (SECTIONS 1 AND 2) Section 1 - Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where „industry standard‟ work has been done this would be relatively simple (eg „reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay‟). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • HQ3 diamond core was drilled to various depths using a truck-mounted DRA 800 diamond drill rig. • Selected diamond core was cut in half using an on-site Almonte diamond saw and sampled at 1m intervals over mineralised intervals selected by the supervising geologist. • Sampling was undertaken using Horizon Gold Limited (HRN) sampling protocols and QAQC procedures in line with industry best practice, with laboratory standard reference material, sample blanks and sample duplicates were inserted/collected at every 25th sample in the sample sequence. • Reverse Circulation (RC) drill holes were routinely sampled at 1m intervals down the hole. The upper sections of some holes were sampled at 2m intervals. • Samples were collected at the drill rig using an industry standard rigmounted cone splitter to collect a nominal 2 - 3 kg sub sample in a numbered calico sample bag, with the remaining sample retained at the drill site for future resampling and/or metallurgical sampling if required. • Routine standard reference material, sample blanks, and sample duplicates were inserted/collected at every 25th sample in the sample sequence. • All RC and half core diamond samples were submitted to Australian Laboratory Services (ALS) in Perth for preparation (including pulverising) to produce a 50g sub-sample for analysis for gold by 50g Fire Assay. • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). • Diamond core was drilled from surface to facilitate geotechnical logging and sampling from surface. Industry standard barrels and triple tube barrels were used to obtain HQ3 core samples. • Diamond core holes were routinely surveyed for down hole deviation using a DeviGyro set to collect readings every 5m down each hole. • HQ3 core was orientated using Reflex orientation tools, with core initially cleaned and pieced together at the drill site. Core was then reconstructed into continuous runs on an angle iron cradle for down hole depth marking and then orientated with orientation lines marked up by HRN field staff at the Gidgee Core Shed. • All RC holes were completed by reverse circulation (RC) drilling techniques using a DR05 SREPS SR650 drill rig and auxiliary compressor. Drilling techniques Commentary Pre-2014 Drillholes • All RC samples were collected at 1m intervals through the drill rig cyclone and then split via riffle and cone splitters. RC samples were typically dry. Composite samples were collected by tube sampling the bulk RC sample bags. • Diamond drilling involved HQ and NQ core. Sampling of diamond core involved 1m sampling, with sampling over geological intervals (down to 0.1m) in more recent holes. The diamond core has generally been cut in half for sampling with some holes whole core sampled, and some quarter core sampled subsequent to half core sampling where alternate laboratory samples were submitted or thin section work was