Hillgrove Resources : - NEW GOLD DISCOVERY CONFIRMED AT STELLA NEAR KANMANTOO

HGO.AX

Commenting on the drilling results, Hillgrove CEO and Managing Director, Lachlan Wallace said: 'The multiple Au-Cu alteration zones at Stella is an exciting new discovery and provides an opportunity to add significant value to the invested infrastructure at Kanmantoo over and above the Kanmantoo Underground.

In addition, the new discovery of Cu-Au epithermal mineralisation in the Delamerian of south-east South Australia has important implications for the region, in particular the potential to host large scale Cu-Au deposits.

These results illustrate the importance of the South Australian Government's Accelerated Discovery Initiative in assisting explorers to unlock the State's mineral wealth.' Hillgrove Resources Limited (Hillgrove, the Company) (ASX:HGO) is pleased to provide the following Stella drilling update, located near its Kanmantoo mining operations around 55kms southeast of Adelaide in South Australia and hosted within the Delamerian Orogen, host to the Stavely porphyry CuAu mineral system. The Stella project is located 350 metres from the south-east boundary of Hillgrove's fully permitted Mining Lease This update includes results from the first (SLDD001) of two diamond holes drilled into the Stella project. Assays have not been received for the second hole (SLDD002) and are not expected until September.

Drill Results

Drill hole SLDD001 intersected four separate mineralised zones of varying chemistry and alteration, three of which are Au-Cu endowed. Not all zones are economic where intersected by SLDD001, but the extent and tenor of the alteration and associated metals indicate that large mineral systems are present and may have the potential to generate significant value for the Company.

Contact:

Lachlan Wallace

Tel: +61 8 7070 1698

ABOUT HILLGROVE

Hillgrove is an Australian mining company listed on the Australian Securities Exchange (ASX: HGO) and focused on underground development at the Kanmantoo Copper Mine in South Australia and mineral exploration in the south-east of South Australia. The Kanmantoo Copper Mine is located less than 55 kilometres from Adelaide in South Australia.

Competent Person's Statement

The information in this release that relates to the Exploration Results is based upon information compiled by Mr Peter Rolley, who is a Member of The Australian Institute of Geoscientists. Mr Rolley is a full-time employee of Hillgrove Resources Limited and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code)'. Mr Rolley has consented to the inclusion in the release of the matters based on their information in the form and context in which it appears.

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