Alma Gold Inc. provided an update on its exploration activities on the Karita West Project located in northern Guinea near the Senegal-Mali border in West Africa. Karita West is located adjacent to IAMGOLD's Karita gold discovery and the Oriole Resources Madina Discovery. The Company recently announced that it had completed a regional termite mound and rock sampling program over three of its four Exploration Permits comprising the Karita West Project.

A total of 4,505 termite mound samples and 31 rock samples were collected on a 50 m x 800 m grid to cover interpreted fault structures within the Birimian-aged rocks on Exploration Permits 2258, 6150, and 6159. The assay results from the termite mound and rock sampling program have all been received and interpreted with several gold anomalies being identified by Alma Gold's technical team and geological consultants. The termite mount sampling results indicate several inferred mineralized structures that have an approximate north-south orientation, which is similar to major mineralized structures of the Birimian window of Kédougou-Kéniéba along the Sénegalo-Malian Shear Zone (SMSZ).

The termite mound survey results also indicate other interesting structures oriented in an approximate east-west direction. The mineralization potential of these inferred structures will be further investigated with the exploration pitting program. This type of exploration program is a low-cost and efficient way to test this mineralized potential prior to designing a drilling program and to improve the knowledge of the nature of the saprolitic coverage within the Karita West Project.

A field camp is currently being established on site and a field team has been assembled to complete the exploration pitting and field mapping program. This exploration program is expected to be completed prior to the commencement of the rainy season in June. The termite mound and rock samples were processed and analysed for gold by Bureau Veritas, an independent assay laboratory with locations throughout Africa using fire assay fusion/atomic absorption assay methods resulting in a detection limit of 5 ppb gold on a 50 g fraction of the pulverised sample.

The field work was carried out by geological consultants from Touba Mining of Bamako, Mali with the assistance of Alma Gold's Guinean country manager and geologist, Lamine Camara. Alma Gold's QAQC field protocol included the collection of duplicate samples every 20 samples during the sampling process. The collected samples were then transported from the field to Bamako with a vehicle driven by an Alma Gold employee or consultant.

At the Alma Gold Bamako office, blank samples were included at an interval of every 50 samples within the sample batches by an Alma Gold employee or consultant. Samples were then securely transported to the Bureau Veritas laboratory in Bamako for assay testing. Termite mound sampling surveys are a surface exploration technique utilized in parts of West Africa including Mali and Guinea to detect gold-anomalous zones that may not be evident from prior surface sampling or field mapping.

This exploration method assumes that termite-driven local soil heterogeneity and termite mounds may represent a geochemical and mineralogical sample medium for the discovery of potential gold mineralization beneath weathered cover and shallow sediments. Termite mound sampling results are typically used to detect surface geochemistry anomalies or potential pathways to gold mineralization and are interpreted in a similar way as soil geochemistry results. Any detected gold anomalies from these termite mound surveys typically aid in the selection of sites for further exploration such as exploration test pits and drilling and interpreted in combination with rock sampling and surface geophysics results.

This surface exploration technique has been used successfully by other exploration and mining companies in West Africa including Merrex Gold Inc. on their Siribaya Gold Project in Mali, which is now owned by IAMGOLD.