This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR

31^st May 2022

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

Drill Rig Mobilising to Red Setter Project

Patersons Range, Western Australia

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that the drill rig will mobilise from Perth towards the end of this week, to the Company's Red Setter Gold-Copper Project in the Patersons Range area in Western Australia.

The small delay has been caused by the highly publicised severe wet weather in the Pilbara as well as in the eastern states of Australia. The latter has slowed transportation of support vehicles back to Western Australia but this is now complete.

The Red Setter Project is situated on the 57.4km² wholly owned Exploration Licence EL45/5297 and is located 13 km south-west of Newcrest Mining's Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron gold-copper discovery.

The first phase of the drilling contract is for 3,000m of drilling at Red Setter, with the second phase of the contract for a further 7,000m of drilling split between WSBN's Red Setter Project and the Company's Cottesloe Project to the south.

The track mounted drilling rig is a multi-purpose rig, capable of 150m Reverse Circulation and diamond core to 1,200m.

Richard Poulden, Wishbone Gold's Chairman, commented, "We are very pleased to have the drill rig and drilling team mobilise from Perth to Red Setter. Terra Search geological and support team are on site at Telfer, and ready for their arrival. I look forward to announcing the start of drilling at Red Setter shortly for the 3,000 metres of the first phase program."

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com.

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