Diamond Fields Resources Inc. has commenced a drilling program on the Labola Gold Project in Burkina Faso, West Africa ("the Labola Project"). The drill program is intended to improve the definition of the current resource and potentially contribute to an expansion of the National Instrument 43-101 resource estimate announced on 25 October, 2021. In addition, Moydow will commence drill testing on several other targets across the expanded license area.

The Labola Project comprises two exploration license areas, Wuo Land and Wuo Land 2. Moydow completed a thirty one hole, 4,739 meter drilling program of twin and infill drilling between May and August 2021 on the Wuo Land license (the "2021 Drilling Program"). The primary objective of the 2021 Drilling Program was to validate the historical High River Gold Mines Limited ("High River") and Taurus Gold Limited ("Taurus") drilling databases to estimate a maiden mineral resource estimate prepared in accordance with the provisions of NI 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).