Altus Strategies Plc announced the intersection of a significant gold ("Au") zone from Reverse Circulation ("RC") drilling at the Lakanfla Central prospect on the Lakanfla licence ("Lakanfla"). Lakanfla forms part of the Company's 100% owned, 105 square kilometre ("km2") Diba & Lakanfla gold project ("Diba & Lakanfla" or the "Project") in western Mali. Lakanfla is located approximately 5 kilometres ("km") east of the Company's Diba licence which hosts numerous gold prospects, including a shallow-dipping, near-surface gold deposit (the "Diba Deposit").

Highlights: 3,500m RC programme underway at the 100% owned Lakanfla licence in western Mali. Drilling at Lakanfla Central prospect has intersected a significant gold zone including: 1.23 grams per tonne ("g/t") Au over 127 metres ("m") from 21m, including 2.53 g/t Au over 14m from 46m (not true widths). Assays have been received from first two holes of planned 22 hole programme.

Lakanfla drilling programme is designed to: test the strike and down-dip potential of the Lakanfla Central prospect. confirm historical drilling results from other key prospects including (not true widths): 5.10 g/t Au over 26m from 32m. 4.31 g/t Au over 18m from 34m.

1.02 g/t Au over 60m from 105m. potentially generate a maiden Mineral Resource Estimate ("MRE") at Lakanfla. Strategically located in a world-famous gold belt that hosts numerous open-pit mines.

Lakanfla Licence: Drilling Programme: The drilling programme at the Project is being undertaken by Capital Drilling Limited and comprises up to 10,000m of diamond drilling ("DD") and RC drilling across Diba & Lakanfla. Following completion of drilling at the Diba Deposit and the Diba NW prospect, approximately 1,550m of RC drilling of a planned 3,500m programme has currently been completed on the Lakanfla licence. Lakanfla Licence: Initial Drilling Results: Assay results for two drill holes have been received to date from the Lakanfla project from the current programme.

The holes were drilled at -60 degrees inclination and range between approximately 130m to 165m in length. The drilling was orientated perpendicular to the interpreted structural orientation of the Lakanfla Central prospect. Diba Deposit Mineral Resource Estimate: The Diba licence forms part of the Diba & Lakanfla project and hosts a deposit for which an MRE of 217,000 ounces at 1.39 g/t Au (Indicated) and 187,000 ounces at 1.06 g/t Au (Inferred) in both oxide and fresh domains has been made.

The MRE was previously reported by the Company on 6 July 2020. The Diba Deposit remains open down-dip.