Sarama Resources Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023

Sarama Resources Ltd. is an Australia-based gold explorer and developer. The Company is focused on establishing a new mining district in Burkina Faso. The Company’s projects include Sanutura Project, Karankasso Project and Koumandara Project. The Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. Its 100% owned Sanutura and Koumandara Projects cover approximately 2,000 km2 of prospective and geologically greenstone terrane. The southern Sanutura Project area covers approximately 1,454 square kilometers of prospective greenstone terrane. The Karankasso Project is situated 130 km southwest of Endeavour Mining’s Mana Mine, Fortuna Silver’s Yaramoko Mine and approximately 60 km south of Endeavour Mining’s Hounde Mine. The Koumandara Project covers approximately 600 km2 and is situated in the northern Banfora Greenstone Belt, approximately 80 km west of Sarama’s Sanutura Project.