DFR Gold Inc. announced with its joint venture partner Panthera Resources plc ("Panthera"), further laboratory results for samples from the 2023 drilling programme at the Kalaka Project in Mali for which initial results had been reported on 9 October 2023. Highlights: Leachwell bottle roll analysis of 23 samples from the 2023 Reverse Circulation (RC) drilling programme on the K1A mineralisation target at the Kalaka Project confirm the fire assay2 results. The samples were from holes three holes, KRC_23_005, KRC_23_006 and KRC_23_007, holes where the previously delineated mineralised intersections included: 76 metres at 0.53 g/t Au (includes 10 metres at 1.16 g/t Au) in hole KRC_23_005, 34 metres at 0.50 g/t Au in hole KRC_23_006, 85 metres at 0.52 g/t Au (includes 12 metres at 1.62g/t Au to end of the hole) in hole KRC_23_007.

The bottle roll tests provide a preliminary indication of excellent leachability by conventional processing. Oxide recoveries averaged 87% recovery and unoxidized sulphide bearing samples averaged 89% recovery. At the Kalaka Project, DFR and Panthera each have 40% interest, held through their shareholdings in Maniger Ltd. The remaining 20% interest is owned by a local partner, Golden Spear Mali SARL.

Panthera is the operator of the project. The project is located in southeast Mali, between Morila and Syama gold mines and is approximately 260 km southeast of Bamako. It lies approximately 80 km south of the Morila gold mine (8m oz) and 85 km northwest of Resolute's Syama gold mine (6m oz) and is situated adjacent and to the east of the regional Banifin Shear Zone.

Leachwell analysis was completed on 23 samples from three of the RC drilled holes completed in 2023 at the K1A Prospect. As reported previously on 9 October 2023 significant mineralisation was intersected in the 2023 drilling campaign at the K1A prospect, including in KRC_23_007 with 12 m @ 1.62 g/t Au extending to the end of the hole 9 (from fire assay results). Results have now been received for all samples submitted to the SGS Laboratory located in Bamako, who for operational reasons sent the samples to their laboratory in Ouagadougou, Burkina Faso, for processing.

The Leachwell analytical technique is a reagent grade catalyst formulated for fast cyanide ("CN") leach gold assaying. The technique provides a preliminary indication of the CN leachability of pre-metallurgical sample testing. The test work indicated that CN extractable gold for the: near surface oxide samples reported on average 87% recovery (samples from Drill hole KRC-23-005), transitional zone samples reported on average 90% recovery (samples from Drill hole KRC-23-006); and unoxidized, sulphide-bearing samples reported on average 89% recovery (samples from Drill hole KRC-23-007).

Panthera has also noted that when the one high grade 'outlier' pair sample is removed, the total Leachwell and Tails increases the average gold grade from 0.57g/t to 0.66g/t, a 16% increase versus the fire assays.