Akobo Minerals AB provided an update from ongoing exploration activities with new encouraging findings. A new gold mineralisation zone has been discovered near the Segele mineral resource including a visible gold intersection The company has drill tested two new targets around Segele, both within 500m distance Preparation ongoing for a soil geochemical sampling program between Segele and Joru Preparation ongoing for a ground geophysical survey over the Segele mine license area. After much work on the successful Segele Mineral Resource estimate activity has for the moment switched focus to exploration and geotechnical drilling in preparation for the mine construction.

The exploration team has tested two new targets and drilling of a geology cross section. Testing a wider part of the geology will help build better geological knowledge as well as finding nearby gold targets. The new mineralisation zone was discovered about 100m west of Segele.

Currently 1,800 samples are with ALS for assaying, from both the new targets around Segele and the final results from Joru. The style of the new gold mineralisation is a fault hosted quartz-vein system with visible gold. The system has been intersected in several drill holes with visible gold observed in one hole.

Work is ongoing to better evaluate the potential of this mineralisation style with analysis of drill cores which were previously overlooked. Further investigation is needed to determine whether this mineralisation will be economic to mine or if it will add any significant tonnage to the Segele mine. In addition to the new mineralisation zone, the company has tested two targets near the Segele main mineralisation, both these targets are south of the mineral resource estimate; Trench 37 is about 260m south east of Segele while Trench 32/33 is about 500m south east.

T37 was tested with 6 holes for 671.1m while T32/33 was tested with 3 holes and 328.9m. Assays are pending. The regional exploration activity was postponed during the intensive resource drilling campaign at Segele.

However, Akobo Minerals is still committed to continuing making significant gold discoveries in the Akobo area. To that end the company is launching a soil geochemical sampling program as well as a ground geophysical survey over key areas of the Akobo license. The soil geochemistry program will focus in the Nechdingay area between Segele and Joru and will encompass a total of over 1,600 samples.

The first stage will be followed up by sampling around known gold anomalies from previous sampling while the latter parts will aim to extend the coverage to areas west of Nechdingay as well as north of Joru.