Page 1

Barton Gold ASX Announcement 14 October 2021 SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT Barton Gold Holdings Ltd ( Barton or the Company ) ASX Code : BGD ACN : 633 442 618 ABN : 36 633 442 618 Suite 5 , 62 Ord Street West Perth , WA 6005 T : +61 8 9322 1587 E : contact@bartongold.com.au www.bartongold.com.au Capital Structure ( Qtr end ) 175.6m Ordinary Shares * * 89.7m escrowed 24 months from quotation Options 6.5m ( $ 0.375 , exp 15 Mar 2025 ) * 1.5m ( $ 0.3125 , exp 18 Jun 2024 ) * 1.5m ( $ 0.375 , exp 18 Jun 2024 ) * * escrowed 24 months from quotation Working Capital Cash : $ 12.9 million Debt : Nil Summary & Highlights Tarcoola Gold Project , SA ( 100 % ) Ground penetrating radar ( GPR ) identifies +25 new , previously undrilled shallow targets within ~ 1.5km of open pit , including shallow ( 8-12m ) dome- and stock work - like intrusives ; Regional gravity surveys completed over ~ 80.5km² of ML6455 and EL6210 , including key Western and Eastern Target areas ; 4,944m Phase 2 drilling completed targeting Perseverance Mine extensions , including the new Perseverance West gold zone ; Receipt of first Tarcoola Phase 2 drilling assays imminent . Tunkillia Gold Project , SA ( 100 % ) 5,362m Phase 1 drilling completed targeting Area 191 and Area 223 North satellite targets , and central 223 Deposit area ; Significant groundwater encountered in Areas 223 , 223 North , 51 and 191 , offering potential future supply of process water ; First Tunkillia Phase 1 drilling assays expected in 4-6 weeks . Corporate $ 300,000 ADI Funding Agreement executed with SA Government ; Agreements signed to trial CSIRO exploration technology ; Marc Twining to join Barton as SA - based Exploration Manager ; Exploration spend was ~ 66 % of cash utilised during the September Quarter ( excluding personnel costs ) ; Solid cash balance of $ 12.9 million as at 30 September 2021 . OVERVIEW Commenting on the Company's September Quarter progress , Barton MD Alex Scanlon said : " Following our June 2021 Initial Public Offering , the Company has focused on large - scale exploration programs at Tarcoola and Tunkillia which have been completed to plan despite ongoing pandemic logistical challenges . " The completion of over 10,300m of drilling coupled with very compelling preliminary results from Tarcoola GPR is a significant achievement for our first quarter as a listed company . These results validate our innovation- driven exploration approach to unlocking the gold potential of the central Gawler Craton . " We have built a solid foundation with a ~ 1.1 Moz Mineral Resource Estimate ( MRE ) , ownership of the region's only gold mill , and demonstrated exploration upside across two large - scale , underexplored systems . We see huge opportunity to grow known deposits along strike and depth , and for large new regional discoveries . " With $ 12.9 million cash at quarter end we are exceptionally well - funded to continue our very active exploration programs , build great scale into our resource base , and seek to establish Barton as South Australia's leading independent gold developer and producer . " Barton Gold Holdings Limited ACN : 633 442 618 ASX : BGD www.bartongold.com.au Registered Office Suite 5 62 Ord Street West Perth , WA , 6005 Australia T +61 8 9322 1587 E contact@bartongold.com.au Company Directors Mark Connelly Alexander Scanlon Richard Crookes Christian Paech Neil Rose Graham Arvidson Non Executive Chairman Managing Director & CEO Non Executive Director Non Executive Director Non Executive Director Non Executive Director