Algold Resources Ltd. announced the final series of assay results from the Phase IV drilling program carried out in July and August 2018 on Eleonore and Salma Vein System ("SVS") priority targets at the Corporation's Tijirit Project in Mauritania. 80.0 g/t Au over 0.4 meters (hole T18RD148, Eleonore East within the "SVS), at 55 meters vertical depth. This intercept is 100 meters north of hole T18RC154, which intersected 3.4 g/t Au over 9.0 meters. 4.52 g/t Au over 8.0 meters (hole T18RC194, Eleonore South), at 161 meters vertical depth, 40 meters from T17RD002, which intersected 10.24 g/t Au over 3.7 meters. This evolving zone has a very wide and rich block of mineralization. 6.22 g/t Au over 0.4 meters (hole T18RD179, Eleonore South) 272 meters below surface, the deepest gold intersection to date, and 130 meters down dip from hole TD18RD054, which returned 6 g/t Au over 4 meters. Notwithstanding the narrow intersection, this assay was analyzed within a zone of altered mafic volcanic. Accordingly, it is believed that it can most probably identify a high-grade wider intersect in close proximity. 2.47 g/t Au over 12 meters (hole T18RC206, Eleonore Central), 30 meters above hole T16RC035, which intersected 3.2 g/t Au over 7 meters. Algold is now in receipt of all the assay results from drilling carried out as part of the Phase IV 25,000-meter drilling program, which concluded in September 2018. As per Algold's sampling procedures, select high- grade and mineralized samples will be re-analyzed using accelerated cyanide leach methods. The positive results demonstrate that the drilling program successfully achieved its objective of infill and step-out drilling, as well as served to test new zones where resources had not been defined. In addition to the greater sample data, the drilling results provide a better comprehension of the mineralized system at Eleonore North, Central and South, which will allow for better modelling.