Cora Gold Limited announced that an exploration drill programme is due to start shortly at its Madina Foulbé gold permit within the Kenieba Project Area in east Senegal. The permit is in close proximity to several Tier 1 gold deposits located within the Mako Geological Belt of the Kédougou-Kéniéba Inlier. 2024 drilling programme: A 2,000m reconnaissance RC drilling programme has been approved to test for gold mineralisation under the best gold in soil and termite mound anomalies.

Drilling will test specific and highly prospective targets, some of which have never been drill tested previously. Drill samples will be analysed by ICP-MS (4 acid) in addition to fire assay for gold, which will give multi-element data in conjunction with gold assays to better understand this large gold system. The intent of the drill programme is not to define mineral resources but test conceptual targets, which if successful would require additional drill programmes to define the size and grade of the mineralisation and allow for mineral resources to be reported in the future.

The Company anticipates starting this programme the week 15 April 2024 and finishing it in May 2024. The Madina Foulbé permit in Senegal is approximately 27km directly west of the Sadiola Gold Mine and close to several other Tier 1 deposits (Loulo, Gounkoto, Fekola) in the gold belt known as Kédougou-Kéniéba Inlier ('KKI'). Notably, two operators within the KKI have recently been acquired including Chesser Resources Limited purchased by Fortuna Silver Mines Inc. in May 2023 for USD 60m, 860koz @ 1.77 g/t Au; and Oklo Resources Limited purchased by B2Gold Corp.

in May 2022 for USD 66m, 668koz @ 1.83 g/t Au. Previous work at the Madina Foulbé permit, which is cut by two major N-S structures with a centrally located circular granitic intrusion, defined a large elongate North/East orientated 3km long by 1.6km wide gold anomaly (>20ppb) at Tambor. Cora commenced preliminary exploration field activities at Madina Foulbé in 2018; this work combined with previous historical data was used to design a reconnaissance drill programme at the Tambor anomaly.

Drilling commenced in April 2020 but after completing 1½ fences (nine holes for 642m) of the five planned fences, the programme was stopped in June 2020 due to Covid. Results included: 47m @ 0.63 g/t Au from 27m, in hole MFC007, including 1m @ 16.4 g/t Au; 36m @ 0.53 g/t Au from 6m, in hole MFC001, including 3m @ 3.78 g/t Au; and 27m @ 0.47 g/t Au from 45m, in hole MFC002. At Tambor, recent field visits confirmed multiple intrusive lithologies over the entire anomaly and that mineralisation is hosted by well-developed sheeted and stockwork quartz vein sets within.

Pegmatite veins are commonly observed with gold mineralisation occurring also at their contacts. Weathering of the intrusive rocks is weakly developed with the fresh rock commonly found within a few metres from surface; with no laterite formation formed, the gold in soil anomaly is considered indicative of the underlying gold mineralisation within the host intrusive rocks. Previously, rotary air blast ('RAB') drilling by Toro Gold Ltd. (responsible for the discovery of the 1.5Mozs Mako deposit and bought by Resolute Mining Ltd. in 2019 for USD 274m) intersected some well mineralised zones: TNB026; 6m @ 21.02 g/t Au (from 15m), TNB091; 15m @ 1.79 g/t Au from surface, TNB039; 9m @ 1.85 g/t Au from surface; and many shorter RAB holes ending in mineralisation on encountering fresh rock.

Rock chip and grab samples of the many quartz veins have confirmed the widespread nature of the in-situ gold mineralisation with a maximum grade of 95.3 g/t Au sampled, however, most values are within 0.3-2 g/t Au. Geophysical data sets show a large circular feature coinciding with the Tambor gold in soil anomaly, which in addition the regional (+200km in length) scale north-south trending fault system cutting directly through the centre of the soils anomaly confirms the geological prospectivity of the Tambor anomaly.