DFR Gold Inc. announced, with its joint venture partner Panthera Resources plc, the assay results from the recent drilling programme at the Kalaka Project in Mali announced on 10 July 2023. Drill assay results include: 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. Completed 8 reverse circulation drill holes for 705 metres. The results complement existing diamond and reverse circulation drilling at the large-tonnage K1A mineralisation - twin hole results verify and validate historical drill holes assays.

Cascades and DFR Gold Inc. each have 40% participating interest in Kalaka held through their interest in Maniger Ltd. 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. Modern exploration has included airborne geophysical surveys, soil sampling, structural interpretations, geological mapping, and drilling activities. This has included diamond (DD), air core (AC), reverse circulation (RC) and Rotary Air Blast (RAB) drilling.

During 2021 Panthera completed 2,430m of shallow AC drilling. On the K1A prospect multiple intersections exceeding 150m at 0.5 g/t have been identified by Diamond and RC drilling. The primary mineralisation at the K1A prospect, is associated with an intrusive tonalite /micro granodiorite in contact with altered metasediments.

The alteration envelope is dominantly characterised by silica-feldspar flooding and sulphide mineralisation. Other there are also numerous artisanal workings within the Kalaka tenement, mainly targeting eluvial gold. Drilling Results.

The company has completed 8 reverse circulation drill holes for705 metres advance at the K1A Prospect at theKalaka Project in Mali. The programme included holes designed to verify and validate the historical drilling data at the K1A target with a view to producing a database suitable for resource calculation at the K1A. Fire assay results have been received for all samples submitted to the SGS Laboratory located in Bamako.

Mineralised intersections in each of the two new twin holes drilled at the K1A prospect matched the mineralised intersections recorded in the historical drilling database. historical hole K1RC4 (85 meters at 0.58g/t Au) to current hole KRC_23_006 (74 metres at 0.38g/t Au); and historical hole K1ARC028 (74 metres at 0.61g/t Au) to currently hole KRC_23_007 (85 metres at 0.52g/t Au).