saidApril 1 that it has received a notice from Ramelius Resources Ltd. advising of its intention towithdraw from the Condobolin joint venture in New South Wales, Australia.

The projecthas a substantial gold and base metal mining history.

In January2015, Ramelius secured the right to earn 80% interest in the project byfunding A$2 million in exploration expenses over four years.

ClancyExploration will seek a new partner for the Condobolin project.