Provides an update on the drilling campaigns at the Robinson and True Blue Prospects at its Costerfield Operation (Victoria, Australia). Drilling Highlights: 12-hole diamond drill program confirms the presence of gold anomalism along the Wolfe Trend at Robinson Prospect; however, Mandalay has not been able to replicate the exceptional grade of 1,780 g/t over 0.17 meters ("m"). Deep drilling at the True Blue Prospect has identified subvertical quartz-stibnite veining west of the historically mined lode with substantial grade intercepted in 2 drill holes: 3.8 g/t gold and 4.3% antimony over 2.57 m(estimated true width of 1.65 m) in TB010, including 20.2 g/t gold and 20.3% antimony over 0.44 m (ETW 0.31 m); and 4.4 g/t gold and 4.3% antimony over 1.82 m(ETW of 0.91 m) in TB012. Mandalay Resources Corporation shares T.MND are trading unchanged at $2.63.