Sarama Resources Ltd. announced that exploration drilling at its 100%-owned(4), multi-million-ounce Sanutura Project (the Project) has confirmed the presence of high-grade mineralisation within the central area of the Tankoro Deposit, with new downhole intersections from recent drilling including 23m @ 4.26g/t Au, 18m @ 3.63g/t Au and 11m @ 4.33g/t Au being returned. Notably, the new results confirm the presence of a high-grade mineralised zone extending for 700m along strike and high-grade oblique mineralisation within the central area of the Tankoro Deposit. This area accounts for approximately 80% of the Mineral Resource for the deposit and is currently the economic focal point of the Project.

The reported drilling totals approximately 5,400m and reflects the balance of unreported assays of a multi-purpose drill program completed in second half 2022 which was primarily focussed on testing for new, near-surface mineralisation within the Tankoro Deposit. The successful program has delivered numerous high-grade discoveries which are anticipated to grow the oxide component of the Project's 0.6Moz Au (Indicated) plus 2.3Moz Au (Inferred)(1) mining shape constrained Mineral Resource. Extensive zones of high-grade mineralisation continue to be intersected within the Tankoro Deposit Highlighted downhole intersections from new assays include: o 23m @ 4.26g/t Au from 30m in TAR044; o 18m @ 3.63g/t Au from 24m in TAR043; o 11m @ 4.33g/t Au from 30m in TAA320; o 26m @ 2.09g/t Au from 2m in TAA318; o 15m @ 2.37g/t Au from 7m in TAA321; o 18m @ 2.02g/t Au from 21m in TAA362; and o 22m @ 1.74g/t Au from 25m in TAA413.

Significant zone of high-grade mineralisation delineated over a strike length of 700m Oblique lodes continue to demonstrate enriched grade, highlighting value potential Drill results support strike extensions for several mineralised lodes Intersections are in near-surface oxide material with potential to provide early feed in any mine development Intersections enhance confidence level of the near-surface oxide and transition component of the Mineral Resource, currently standing at a substantial 0.2Moz Au (Indicated) plus 0.8Moz Au (Inferred)(2) 2023 exploration to focus on the Bondi Deposit, located in the north of the Sanutura Project.