Sarama Resources Ltd. announced that assays from a further 2,300m drilling at its 100%-owned(4), multi-million ounce Sanutura Project confirm the discovery of new high-grade, near-surface gold mineralisation outside the current Mineral Resource at the MM Prospect; an area which is a key contributor to the Project's 0.6Moz Au plus 2.3Moz Au (Inferred)(1) Mineral Resource. The MM Prospect features several high-grade shoots that extend from surface to a depth of approximately 600m. The recent drilling confirms the presence and continuity of shallow, higher-grade shoots and has intersected new, high- grade gold mineralisation outside of the current Mineral Resource in oxide material.

Once modelled, these new zones are expected to increase the oxide component of the Mineral Resource and are anticipated to provide high-margin feed in the early stages of any mine development. This area hosts gold mineralisation in multiple sub-parallel, steeply-dipping lenses, forming a consolidated package with a footprint up to 320m in width. The area of drilling spans approximately 1km along strike, sitting within the litho- structural corridor which hosts the 16km-long, drill-defined mineralisation that forms the deposit's Mineral Resource.

Previous drilling in the area intersected laterally extensive gold mineralisation, principally hosted in quartz-feldspar dykes striking north-north-east and gold-quartz vein-related secondary mineralisation. Within the mineralised lode system, high-grade shoots have been modelled with significant strike and dip continuity. The lenses commence at surface and the abundance of high-grade shoots combined with the additive effect of the multiple sub-parallel lodes produces a compelling focal point for early-stage plant feed in any contemplated mine development scenario.

The recently completed drill program sought to confirm the continuity of several higher-grade shoots and to test for additional oxide-hosted gold mineralisation within the consolidated lode package, but outside the Mineral Resource.