Sanu Gold Corporation announced its first discovery at the Bantabaye gold exploration permit ("Bantabaye" or the "Permit") in Guinea, West Africa. The Permit, which lies on the western margin of Guinea's prolific Siguiri Basin, is located approximately 50 kilometres ("km") south of the multi-million once Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project. In April 2023, the Company commenced its inaugural reverse circulation ("RC") drill program at Bantabaye, targeting extensive and continuous zones of gold in bedrock anomalies.

Results have been received from the first three holes, which were drilled at Target 2. Target 2 RC Drill Highlights: 11.4 g/t Au over 15 m, including 41.2 g/t Au over 4 m in BANT-RC-0021, and 2.0 g/t Au over 12 m, including 6.8 g/t Au over 1 m and 5.0 g/t Au over 1 m in BANT-RC-003. The ongoing 10,000 m RC drill program at Bantabaye is testing multiple high priority gold anomalies defined by previously completed surface and auger sampling on this 100 square kilometre ("km2") permit. The previous work outlined a total of ten high-priority targets consisting of extensive and continuous zones of gold in bedrock anomalies extending over a cumulative 9 kilometre ("km") strike length, including the Bantabaye thrust fault and several northeast and northwest trending structures.

The ten target areas identified to date at Bantabaye form a series of strong gold anomalies along the east-west trending Bantabaye thrust fault and associated north-northwest and northeast trending, gold-bearing. The drill holes reported herein consist of a fence of three holes, totaling 296 m, drilled to the north- northeast at Target 2. High grade gold mineralization is hosted within a strongly sheared and silicified felsic intrusive unit that lies in the footwall of the shallowly south-dipping Bantabaye thrust fault, characterized by highly anomalous gold values and small-scale artisanal workings. Disseminated pyrite and arsenopyrite are associated with the gold mineralization.

The intercepts in BANT-RC-002 and - 003 are hosted within fresh rock, with saprolite extending to a depth of about 20 m in this area of the permit. High grade gold mineralization was intersected in BANT-RC-002 and -003. BANT-RC-002 intersected 11.4 g/t Au over 15 m, including 41.2 g/t Au over 4 m. This 4 m interval included individual 1 m intercepts of up to 114 g/t Au.

Further downhole, BANT-RC-002 intersected 0.5 g/t Au over 12 m, including 1.66 g/t Au over 1 m. Gold mineralization in this hole started at a depth of approximately 25 m from surface.