ASX Release/Media Release 17 November 2010 High-grade results from drilling at Deflector Deposit confirm significant gold-copper mineralisation Highlights: - Significant high-grade gold-copper intersections from Mutinys Deflector Deposit drill program include: - 3m @ 29.5g/t Au and 14.8% Cu; - 4m @ 24.9g/t Au and 10.1% Cu; - 3m @ 19.9g/t Au and 1.96% Cu - Mutiny to follow up drilling along strike of Deflector mineralisation in early 2011 to test mineralised extensions and high-grade drill intersections by ATW. Australian gold-copper resources company, Mutiny Gold Ltd (ASX: MYG) ("Mutiny" or the "Company"), is pleased to announce results received from its recent drilling program at the Deflector Gold-Copper Deposit, the main project within its Gullewa Project in Western Australia. The 41 hole program for 3461 metres of reverse circulation ("RC") drilling had two objectives: - To convert part of the existing Indicated Resource to higher category Measured Resource; - To further test the extension of the main lode of the Deflector Deposit -- the West Lode -- to the south of the existing resource; Mutiny has received results for the first 10 of the 41 holes.

The results are presented in Table 1 and on Figure 1.

Hole locations are listed in Table 3.

The results received to date for the resource upgrade drilling into the West Lode are positive.

Five of the ten holes returned assays of higher grade than was expected from the previous intersections in adjacent holes, with two of the other holes returning lower assays than expected. Background The Deflector Gold-Copper Deposit contains total Mineral Resources of 3.3Mt @ 5.4g/t Au and 0.76% Cu for 560,000oz Au and 25,000t Cu of which Measured and Indicated Resources total 1.7Mt @ 4.2g/t Au and 1.03% Cu for 230,000oz of Au and 17,000t of Cu.

(see Table 5).

The resource was estimated in 2006. Diamond core holes were drilled into the deposit, and along strike from it, by Canadian miner ATW Gold Corp.

("ATW") (TSX V: ATW) in 2009.

The results were reported to the Toronto Stock Exchange.

They are presented below in Tables 2 and 4 and Figure 1.

The hole numbers have a 09DEF prefix.

The recent RC holes drilled by Mutiny have a 10DRC prefix. Drill Results The initial results received for the resource upgrade drill program are highly encouraging, with five of the ten holes for which results have been received returning assays of higher grade than was expected from the previous intersections in adjacent holes.

The results are listed in Table 1 for all intersections greater than 0.5g/t Au. The results include: 1m @ 23.0g/t Au and 1.90% Cu in 10DRC01; 3m @ 19.9g/t Au and 1.96% Cu in 10DRC02; 3m @ 29.5g/t Au and 14.8% Cu and 2m @ 33.8g/t Au and 9.26% Cu in 10DRC05; 1m @ 19.8g/t Au and 3.68% Cu in 10DRC06; 4m @ 24.9g/t Au and 10.1% Cu in 10DRC08; and 3m @ 12.5g/t Au and 3.05% Cu in 10DRC01. Following receipt of all drill results, CRM, Mutinys independent resource consultant, will update the resource estimate for the Deflector Deposit. The resource estimate is expected to be complete by mid December 2011. Deflector Southern Extension ATW hole 09DEF104, drilled 100m to the south of the present planned Deflector Pit limit, intersected 1.4m @ 220g/t Au and 9.98% Cu and 09DEF103, drilled 40m further south, intersected 2.3m @ 55.0g/t Au and 2.19% Cu.

Mutiny drilled two holes, 10DRC37 and 38, to check the interpreted plunge extensions to the high-grade intersection in 09DEF104. Results for these holes are pending. Mutiny intends to follow up these intersections during the first quarter of 2011 by systematic drilling of the interpreted position of the southern extension to the Deflector mineralisation. Deflector Northern Extension ATW hole 09DEF037 drilled 120m to the north of previous intersections of the West Lode intersected 4m @ 11.6g/t Au and 12.3% Cu. Mutiny also intends to follow up this intersection during the first quarter of 2011 by systematic drilling of the interpreted position of the northern extension. To view the announcement in full please click on this link: http://esp.gewru.com/download/files/12414/1270145/20101109%20-%20Deflector%20Drill%20Program%20Complete.pdf For further information please contact: John Greeve Mutiny Gold Ltd Tel: 08 9368 2722 Email: David Brook Professional Public Relations Tel: 61 8 9388 0944 / 0415 096 804 Email: --------------------------------------------------------------------------- This email was sent by David Brook, Professional Public Relations, 588 Hay Street, SUBIACO WA 6008 to Unsubscribe: http://esp.gewru.com/forms/u/51338cd/12414/1785140910.html ---------------------------------------------------------------------------