Yalgoo Update - Excellent First Remorse Metallurgy Result

Key Points

• First Remorse metallurgical sample shows excellent results

• Davis Tube results up to 68% Fe in concentrate

• Testwork notes high recoveries and low impurities

• Further results expected in coming weeks

Summary

Tempest Minerals Ltd (TEM) is pleased to update the market on the first metallurgical results received from the Remorse Iron discovery in Western Australia. Davis Tube Recovery (DTR) testing shows results up to 68.8% Iron in concentrate (25μm). The testwork additionally highlights the low impurity levels noted in geochemistry from drill results.

TEM expects to continue to receive further results from the remaining composite samples in coming weeks.