Eastern Resources Targets 80% Stake in High-Grade Marengo Gold Project

• Farm-in agreement to earn 80% interest with $1.5 million exploration spend over three years
• Marengo Gold Project located in prolific Queensland mineral belt with over 20 million ounces gold endowment
• Historic high-grade rock chip samples up to 149.8 g/t gold and encouraging shallow drill results
• No upfront payment; Eastern Resources to solely fund and manage exploration during earn-in