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16/07 - Paste Fill Approval & New Drilling Program at Dargues Reef

Australian gold company Cortona Resources Limited (ASX: CRC) is
pleased to advise that it has received approval from the NSW
Department of Planning and Infrastructure for the use of paste fill at
its 100%-owned Dargues Reef Gold Mine in NSW. Paste fill is
expected to deliver a range of financial, safety and environmental

benefits to the project.

The approval means that the Dargues Reef site is now fully
permitted to commence development. Determination of the
application to modify the operating license at the  London Victoria

processing site is expected within weeks.

The Company has also commenced a new phase of exploration
drilling (see Figure 1) targeting several newly identified near-mine

and regional prospects.

A dual-purpose RC/Diamond Rig has commenced drilling at the
Redbank and Nightingale Prospects, which are located just 800m
from the proposed location of the ROM pad and box-cut at Dargues

Reef (see Figure 2).

The Redbank prospect comprises mineralized outcrops, substantial
gold-in-soils and a number of historic shafts. The  style of
mineralisation is similar to that at Dargues Reef (JORC Resource

1.6Mt @ 6.3g/t Au for 327,000oz).

See attached for further details

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