Multiple high-grade intercepts in exploration drilling at Hualilan

Challenger Exploration

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce further results from drilling at the Company’s flagship Hualilan Gold Project, located in San Juan Province, Argentina. The results are from the remainder of the second 7,500 metre drilling program and initial holes targeting the high-grade skarn from the current 5 rig 45,000 metre drilling program. All holes were designed to explore for extensions to the historical resource estimate with the exception of two twin holes for JORC reporting.

/Public Release.