Horseshoe Metals continues to unearth high grade copper zones from the Kumarina Project which is located in a rapidly emerging copper district in Western Australia where several other explorers have recently discovered broad high grade zones of copper. The defining factor as to why these results are so impressive is that they are similar to those achieved in the first drilling program indicating that Horseshoe may well be hosting a significant amount of contained metal at Kumarina. Highlights from the second drilling program from the Rinaldi Prospect include; 1. 13 meters at 2.7% copper from 67 meters including 2 meters at 14.4% copper which hosts the peak intersection of 1 meter at 16.2% copper; 2. 28 meters at 1.8% copper from 37 meters including 3 meters at 7.5% copper which hosts 1 meter at 13.7% copper; 3. 13 meters at 3.0% copper from 10 meters including 3 meters at 9.9% copper and 4. 13 meters at 2.7% copper from 94 meters including 6 meters at 5.0% copper. The program which discovered the high grade copper comprised 25 reverse circulation percussion holes for around 2300 meters which ranged in depth from around 50 meters to 160 meters. Mr Neil Marston MD of Horseshoe Metals said that the latest drilling results at the Rinaldi Prospect continue to provide the company with significant encouragement. We are observing zones of higher grade copper mineralization at depth below shallow old shafts which is probably what the original miners were chasing. We will continue drilling this year with a few diamond holes being a priority so we can obtain some core of these high grade zones. Amongst other things this should improve our understanding of what going on at depth."

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