DFR Gold Inc. has commenced a 10,000 metre drilling program on the Cascades Project in Burkina Faso, West Africa. The Drilling Programme will be in two phases. The first 5,000 metres target extensions to the current resources and several new targets: Two newly defined targets immediately north and southwest of the Daramandougou resource pit shell respectively; Step-out drilling on the TT13 target, a significant new gold zone identified during 2022; and First-pass drilling on several other newly delineated targets in the Wuo Land 2 licence area.

Phase two will be a results-driven follow-on program targeting the priority results from the first phase. Previously, in 2021, DFR prepared a maiden mineral resource estimate on the property in accordance with the provisions of the Canadian National Instrument 43-101: Indicated mineral resource estimate: 5.41Mt @ 1.52g/t Au (264,000oz). Inferred mineral resource estimate: 6.93Mt @ 1.67g/t Au (371,000oz).

Cascades Project Exploration: The Cascades Project lies in the Banfora Birimian Greenstone Belt, one of the three major mineralized belts in western Burkina Faso. Gold mineralization at the Cascades Project is spatially associated with sulfides and quartz sericite alteration. Following the addition of the Wuo Land 2 license to the project in early-2022 an extensive mapping program has been completed with the assistance of drone photography and multispectral remote sensing surveys.

Historical geophysics (IP and EM) surveys have helped define a 30km long mineralized corridor. Within this corridor, historical and recent mapping and sampling combined with the widespread activity of artisanal miners has identified at least seven northeast-southwest trending shear structures with a mapped strike extent of 15km to 25km.