Sanu Gold Corporation announced it has contracted and mobilized a second reverse circulation ("RC") drill rig, with drilling underway at the Company's flagship Bantabaye gold exploration permit ("Bantabaye" or the "Permit") in Guinea, West Africa. The Company has planned a 10,000 metre ("m") drill target testing program for Bantabaye, which is located on the western margin of Guinea's prolific Siguiri Basin, 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. The Bantabaye Phase I drill program is comprised of 2,500 meters in approximately 25 RC drill holes to test six key targets to vertical depths of 50 to 100 m. Phase I will drill test a range of targets defined by termite mound gold geochemistry and high grade gold in rock chip and auger samples, combined with geological mapping.

Phase I will prioritize Targets 2, 3, 4, 6, 7 and 8; subsequent phases of drilling will then continue throughout the Permit to test several additional target areas. As previously announced, the Company commenced the 2023 drill program at the Daina Gold Exploration Permit ("Daina") and to date a total of 688 m in seven RC drill holes have been completed at the Daina 2 Main Zone. Drilling is temporarily suspended at Daina as the drill contractor awaits additional equipment and is expected to recommence as soon as the required equipment arrives on site.

Drill chip samples from the first seven holes have been sent to an independent laboratory for analysis, with results pending. Assay results for these holes will be released by the Company when received.