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ASX Announcement 29 October 2021 SATURN METALS SEPTEMBER 2021 QUARTERLY ACTIVITIES REPORT HIGHLIGHTS Apollo Hill Resource Area Extension on Multiple Fronts Reverse Circulation ( RC ) step out drilling at Apollo Hill has extended the deposit in multiple directions . Intercepts further emphasise the potential to grow the current Apollo Hill Mineral Resource of 35.9Mt @ 0.8g / t Au for 944,000 oz of gold¹ . A resource upgrade process is planned for early 2022 . Resource Extension - North • Excellent high grade extensional reverse circulation ( RC ) intersections include : • • 7m @ 11.18g / t Au from 172m including 3m @ 25.67g / t Au from 172m ; and 3m @ 17.62g / t Au from 160m - AHRC0813 • Results highlight a 150m northern extension of the Apollo Hill mineralisation . Mineralisation remains open to the North and around this important new intersection . Follow up drilling is due to commence in early November . Resource Extension - Ra - Tefnut Corridor • On the Ra - Tefnut extensional corridor thick and shallow reverse circulation ( RC ) intersections include : 10m @ 2.34g / t Au from 136m including 5m @ 4.42g / t Au from 140m - AHRC0768 22m @ 1.00g / t Au from 154m - AHRC0789 • • • 14m @ 1.49g / t Au from 104m including 6m @ 3.01g / t Au from 112m - AHRC0782 • 18m @ 1.16 g / t Au from 37m and 10m @ 0.96g / t Au from 58m - AHRC0786 • 4m @ 11.59g / t Au from 112m - AHRC0758 • • Results are building width to the gold system with several stacked lodes now evident . Drilling on this new zone , since the last resource upgrade in January 2021 , has outlined a 1km long , 200m wide mineralised corridor with coherent zones of mineralisation and multiple strong intersections ( Figure1 ) . Ra North Corridor - Another Push • At the Ra North corridor , extensional RC results returned in the footwall position to Apollo Hill Main Lode include : • 7m @ 1.49g / t Au from 29m , • 6m @ 1.63g / t Au from 47m , and • • 12m @ 1.37g / t Au from 183m - AHRC0801 • 3m @ 1.74g / t Au from 299m including 1m @ 4.06g / t Au from 299m - AHRC0814 Results further highlight the exploration opportunity to the north of the Ra Tefnut corridor adjacent to the western margin of the Apollo Hill Main Lode . This follows on from successful extensional drilling further south earlier this year . Apollo Hill Main Lode - Resource Improvement • At the northern end of the Apollo Hill Main Lode , RC drilling returned shallow , thick , and higher - grade intersections including : • 54m @ 1.34g / t Au from 16m , including 9m @ 2.84g / t Au from 25m ; and 10m @ 3.29g / t Au from 49m - AHRC0814 ; and • • 21m @ 1.81g / t Au from 44m including 7m @ 2.87g / t Au from 44m - AHRC0769 Results continue to develop the mineralisation at the northern extents of the deposit . 1 Details of the Mineral Resource which currently stands at 35.9 Mt @ 0.8 g / t Au for 944,000 oz Au and a breakdown by category are presented in Table 1a ( page 24 ) of this document ) along with the associated Competent Persons statement and details of the ASX announcement that this information was originally published in . Saturn Metals Limited ABN : 43 619 488 498 9 Havelock Street , West Perth WA 6005 ASX : STN www.saturnmetals.com.au info@saturnmetals.com.au