Mithril Resources Limited (ASX:MTH) Kurnalpi Nickel Project Update

Mithril Resources Ltd (the "Company") (ASX:MTH) advises that it has received formal notification from Chesser Resources Ltd ("Chesser") (ASX:CHZ) that it intends to withdraw from an existing Farm-In Agreement (effective date - 11 July 2018) on selected tenements at Mithril's Kurnalpi Nickel Project (located 70 kms north east of Kalgoorlie, WA - see Figures 1 and 2 in link below).

- Mithril to have 100% management of the entire project following notification from Farm-in partner that it intends to withdraw from an existing agreement over selected tenements

- Kurnalpi contains over 7 kilometres of a poorly - explored nickel sulphide - bearing ultramafic with drilling and EM geophysics scheduled to commence late June 2018 / early July 2018

From the effective date, Mithril will have 100% management of the entire project which includes over 7 kilometres of a poorly-explored nickel sulphide-bearing ultramafic unit.

Mithril is planning to recommence nickel exploration over the ultramafic in late June / early July 2018.

A Reverse Circulation drilling program (as an initial test of a newly identified off hole EM conductor lying adjacent to nickel sulphide mineralisation) and EM geophysics (to define further drill targets along strike from the EM conductor) are planned (see Figure 3 and ASX Announcement dated 30 May 2018).

Mithril looks forward to updating the market when this work commences.

To view figures, please visit:
http://abnnewswire.net/lnk/E2R15I6X

Mithril Resources Ltd
David Hutton
Managing Director
E: admin@mithrilresources.com.au
T: +61-8-8132-8800
F: +61-8-8132-8899
www.mithrilresources.com.au