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

3 August 2022

Wishbone Gold Plc

("Wishbone" or the "Company")

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

Second Drill Rig Secured for Red Setter Project

Patersons Range, Western Australia

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that it has secured a second drill rig for the Company's Red Setter Gold-Copper Project in the Patersons Range area in Western Australia.

DDH1 Drilling, who have extensive drilling experience in the Patersons Range, are scheduled to mobilise a diamond drill rig (capable of mud rotary drilling through the Permian cover) together with necessary support equipment to Red Setter later this week. Drilling is planned to start around 10 August 2022.

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.

Richard Poulden, Wishbone Gold's Chairman, commented, "I am pleased that our Australian management team have managed to secure a second rig for Red Setter for next week. DDH1 Drilling know the ground conditions well in the Patersons following extensive experience at Havieron, from the early days.  The exciting times at Wishbone continue."

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

www.wishbonegold.com.

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