West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company) is pleased to announce gold assay results from its second round of resource definition drilling at the Kada Gold Project (Kada) in Guinea.

The assays received are for 18 reverse circulation (RC) drill holes (totalling 2,541m).

Highlights

Golden Rim's resource definition RC drilling at Kada continues to delineate multiple, broad, subparallel zones of gold mineralisation.

Extensive additional gold mineralisation located beyond historic Newmont gold resource area.

Consistent mineralisation between drillholes demonstrates continuous nature of gold at Kada.

New results to add significant ounces in the planned maiden Mineral Resource Estimate (MRE).

Second round of resource definition drilling has now been completed; 46 holes for 6,796m.

Assays for the last 17 holes of the resource definition drilling are pending; results expected by end January 2022.

The MRE now scheduled for delivery in February 2022 so as to include the outstanding assay results.

Exploration RC drilling has now commenced along the Kada gold corridor; 2,450m of drilling planned.

Golden Rim's Managing Director, Craig Mackay, said: 'The resource definition drilling at Kada is now complete and we are waiting on the assays for the last 17 holes. We expect to deliver the maiden Mineral Resource estimate (MRE) during February 2022, an impressive achievement given we acquired an interest in the project 12 months ago. After successfully delineating the high-grade central core at Kada, our resource definition drilling then moved north and south to expand the resource beyond the original Newmont resource drilling. Results from holes KRC028-37 are particularly encouraging as they have identified continuous mineralisation beyond the resource area outlined by Newmont and represent an opportunity to significantly increase the overall size of Golden Rim's MRE. Following completion of the resource definition drilling, we have subsequently commenced our exploration RC drilling along the Kada gold corridor and we have a number of exciting target areas to test that have the potential to add more ounces to the Kada gold inventory moving forward.'

Contact:

Craig Mackay

Tel: +61 3 8677 0829

Email: craig@goldenrim.com.au

Forward Looking Statements

Certain statements in this document are or maybe 'forward-looking statements' and represent Golden Rim's intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim's actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this document is a promise or representation as to the future. Statements or assumptions in this document as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

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