Oriole Resources provided an exploration update on its 90%-owned Central Licence Package ('CLP') project in Cameroon. The district-scale CLP project comprises nine contiguous licences covering4,091 square kilometres ('km2') of previously unexploredPaleo-Proterozoic to Pan-African age rocks that are highly prospective for a range of commodities, including orogenic-style gold mineralisation and lithium. Mapping and rock-chip sampling has recently been completed at Mbe, one of five licences within the Eastern CLP block, where soil sampling in 2022 identified a c.12.5 kilometres ('km') long by 3km wide gold-mineralised corridor(announcement dated 21 July 2022).

Results have delivered multiple high grades, including 134.10grammes per tonne('g/t') gold ('Au'). At the CLP project (4,091km2 in area), located in the centre of Cameroon, nine contiguous licences (five defined as Eastern CLP, three defined as Western CLP and the lithium-focussed Gamboukou licence) cover a land package that has significant potential for orogenic gold mineralisation and other minerals. The Company has a 90% interest in all nine licences, which it holds through local subsidiary companies.

The Eastern CLP (Tenekou, Niambaram, Pokor, Ndom, and Mbe)and Western CLP (Mana, Sanga and Dogon) licences were granted in February 2021 and have an initial exploration term of three years, plus three renewable extensions of two years each. Recently published maps by a World Bank-funded prospectivity programme, 'PRECASEM', confirm that these licences overlie the higher priority gold district identified by the programme. Following the identification of anomalouslithium-in-soil values (up to 84 ppm)within multi-element data from the Ndom licence, a ninth licence, Gamboukou, was applied for immediately to the south of Ndom.

This licence was granted to the Company in November 2022. Results confirmed anomalous gold in all five licences and delineated multiple 2-3km long gold-in-soil anomalies across the Ndom, Pokor, and Niambaram licences, as well as a broad anomalous zone within the Mbe licence, where en-enchelon, structurally controlled trends are now confirmed to occupy a c.12.5km long by 3km wide corridor. Best soil sample results included 838 ppb Au (0.84 g/t Au), 520 ppb Au, and 463 ppb Au.