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Fosterville South Exploration Ltd.

08:56 AM EST - Fosterville South Exploration Ltd. : Reported that initial drilling at the Reedy Creek goldfield within the Providence Project in Victoria, Australia has returned high-grade gold assays during reconnaissance reverse circulation drilling of a previously undrilled geochemical anomaly located within one of two ridge targets recently identified by the Company. These assays reported today in Drill Hole RWR13 (11m at 31.34 g/t Gold including 4m at 80.05 g/t Gold) are from an area of the goldfield that has been the subject of no historic drilling. Fosterville South Exploration Ltd. shares V.FSX are trading unchanged at $0.95.