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SANTANA MINERALS LIMITED OPERATIONAL UPDATE QUARTERLY REPORT PERIOD ENDING 30 JUNE 2021 During the quarter exploration activities remained concentrated on the advancement of the Company's 100 % owned Bendigo - Ophir Project ( " the Project " ) in Central Otago , New Zealand . Drilling has continued to define and extend the gold resources , particularly at the Rise and Shine ( RAS ) prospect , where diamond drill hole assay highlights were : • MDD007 О O MDD009 Lower zone - 12m @ 3.82g / t Au from 234m ( Incl 6m @ 7.52g / t Au from 236m ) Upper zone - 19m @ 1.22g / t Au from 164m ( Incl 6m @ 2.29g / t Au from 170m ) ○ Lower zone - 9m @ 6.34g / t Au from 209m ( Incl 5m @ 11.28g / t Au from 209m ) Upper zone 16m @ 0.81g / t Au from 141m ( Incl 7m @ 1.36g / t Au from 148m ) ○ - Wanaka Queenstown • Cromwell kilometers SANTANA MINERALS LIMITED 50 BENDIGO - OPHIR PROJECT - Previous Production • Alexandra ~ 300K oz Gold MACRAES MINE -Production 5Moz Gold - Mineral Resources 3Moz Gold Dunedin LEGEND Tenement Boundaries Young Sediments Chlorite Schists ( TZ1-3 ) Biotite Schists ( TZ4 ) Undiff Seds / Volc Figure 1 Bendigo - Ophir Project in the Otago Goldfield , ~ 90km NW of Macraes Santana Minerals Limited ABN 37 161 946 989 Level 15 , 344 Queen Street , Brisbane QLD 4000 Tel : +61 7 3221 7501 GPO Box 1305 , Brisbane QLD 4000 Web : www.santanaminerals.com