Pasofino Gold Limited announced gold mineralisation in trenches at the Dugbe Shear Zone ("DSZ") target which is 5km on trend from the 2.4 Moz Tuzon deposit at its Dugbe Gold Project. The trench results support Pasofino's view that there are ample opportunities to add to the existing Dugbe F and Tuzon deposits. Highlights.

Channel sample analyses have confirmed gold mineralisation in two new trenches at the DSZ target: 10 metres @ 0.7 g/t Au in TZTR101. 6 metres @ 1.6 g/t Au in T ZTR102. At Tuzon, grades may be lower in trenched (oxidised) material than in fresh drilling samples and so these results are very encouraging.

Trench results indicate that a mineralised zone of significant scale is present at the DSZ target. Trenches are 120 and 330 m northeast on strike from previous trench TZTR091 which returned 36m with an average grade of 0.6g/t Au. The zone is just 5 km from and on the same trend as the 2.4 Moz (Measured and Indicated) Tuzon deposit and hosted by the same rock-type - the potential for additional new Tuzon-type deposits is clear.

Of importance is that structural mapping in the trenches indicates that they are at a closure of an antif formal structure similar to Tuzon. At Tuzon the limbs thicken and are refolded below surface - this is the reason that Tuzon is such a large deposit - the same may be the case at the DSZ target. He is a member in good standing with the South African Council for Natural Scientific Professions (SACNASP) and is as a Qualified Person under National Instrument 43- 101.

About the Dugbe Gold Project. The 2,302 km2 Dugbe Gold Project is in southern Liberia and situated within the southwestern corner of the Birimian Supergroup which is host to most West African gold deposits. To date, two deposits have been identified on the Project; Dugbe F and Tuz on discovered by Hummingbird in 2009 and 2011 respectively.

The deposits are located within 4 km of the Dugbe Shear Zone which is thought to have. played a role in large scale gold mineralization in the area. A significant amount of exploration in the area was conducted by Hummingbird up until 2012 including 74,497 m of diamond coring.

Pasofino drilled an additional 14,584 metres at Tuzon and Dugbe F during 2021. Both deposits have Mineral Resource Estimates dated 17 November 2021 with total Measured and Indicated of 3.3 Moz with an average grade of 1.37 g/t Au, and 0.6 Moz in Inferred. Following the completion of the Feasibility Study in June 2022 a Mineral Reserve Estimate was declared, based on the open-pit mining of both deposits over a 14-year Life of Mine.