Eagle Mountain announces drilling has recommenced at Oracle Ridge

Jane Morgan Management

Drilling has recommenced at Oracle Ridge following the scheduled Christmas
break

Drilling will target high-grade copper mineralisation in breccia and skarn zones

Field work commenced at Red Hawk and OREX to define drill targets

Several zones of mineralisation observed in hole WT-20-16, the final hole
drilled in December 2020 – assays pending

Eagle Mountain Mining Limited (ASX:EM2) (“Eagle Mountain”, the “Company”) is pleased to
provide an update of exploration activities, at the Company’s 80% owned Oracle Ridge Copper
Project (“Oracle Ridge”, the “Project”) in Arizona, USA.

Drilling Recommences at Oracle Ridge

Drilling recommenced at Oracle Ridge on Monday, 11 January 2021 after a scheduled
Christmas break.

The first drill hole for 2021 is WT-21-01 and was completed last week. WT-21-02 is underway.

All drilling undertaken in 2020 was aimed at expanding the existing mineral resource base.
Assays received from the 2020 drilling contained significant grades of copper mineralisation.
Assays for the last five drillholes are pending.

Eagle Mountain remains confident in achieving its previously announced Exploration Target of
adding an additional 14-29Mt

/Public Release.