January 2019 Further Exceptional Grade Vanadium Magnetite...

January 2019 Further Exceptional Grade Vanadium Magnetite Concentrates Produced from the Koitelainen Vosa Vanadium Prospect Highlights • Final batch of geochemical results from five historical drill holes at the Koitelainen Vosa Prospect in northern Finland have again confirmed the vanadium mineralisation produces vanadium magnetite concentrates of exceptionally high grades • Most holes produced vanadium magnetite concentrates exceeding 2.0% V2O5 with drill holes M373177R332 and M374178R339 producing magnetite concentrates grading up to 3.4% V2O5 and 3.0% V2O5 respectively • Results for the vanadium magnetite concentrates from the five holes include: ▪ 32.9m @ 2.0% V2O5 in hole M374176R319 ▪ 8.9m @ 2.0% V2O5 in hole M374176R321 ▪ 20.9m @ 2.3% V2O5 in hole M374178R339 ▪ 4.05m @ 3.0% V2O5 in hole M374178R339 ▪ 2.8m @ 3.4% V2O5 in hole M374177R332 • Results from these holes complete the program of re-sampling the historical drill holes from the Koitelainen Vosa Prospect • Geochemical data from all 16 re-analysed historical drill holes (including results from the 11 holes announced to the ASX on 9 January) have now been provided to Measured Group which has been contracted by Pursuit to upgrade the Exploration Target at the Koitelainen Vosa Prospect1 to a JORC Inferred Mineral Resource in early February 2019 • Following the definition of an Inferred Mineral Resource, Pursuit intends to complete an internal Scoping Study before the end of April 2019