Tajiri Resources Corp. is delighted to report power auger drilling at the K4 South Prospect, Reo Project, Burkina Faso has discovered, an in-situ, top metre of saprolite, gold anomaly that has all the hallmarks of an anomaly overlying a potentially large world class gold deposit. K4 South, located at the southern end of the Company's 1,200 km2 Reo Project in west-central Burkina Faso is one of an extensive cluster of prospects that were investigated by an ~ 18,000m auger drilling program conducted by the Company between November 2020 and May 20211.

Technical details of the program are given in the Appendix, but in brief the auger drilling sampled the top metre of saprolite, below a variable cover of in situ and transported lateritic soils and has thus delineated bed rock/in-situ gold anomalism. Key results of the auger drilling program at K4 South and interpretation of the same based on existing extensive data sets are as follows: K4 South presents as an extensive area of high tenor gold in saprolite anomalism which has returned multiple +100ppb Au and numerous +250ppb and 500ppb Au results within an envelope spanning ~1700m x 1000m. The peak gold value returned was 9,201ppb Au (9.2g/t Au).

In all key aspects of grade, size and continuity- the K4 South gold anomaly is on par with other in-situ saprolite gold anomalies that were initially delineated over what turned into multimillion ounce West African gold deposits such as M1 South, Namdini, and Banken NE. The central third of the K4 South Anomaly is situated within and around an extensive area (700 x 450m) of artisanal workings which not only demonstrate that the anomaly is under sampled to the east and has excellent potential to expand, but critically the form of the workings outline a self-evidently a poly folded gold system with last generation F3 fold axial traces striking 015¦-020¦. Re-processed airborne magnetic data from a 100 metre line spaced survey flown in 2010 and a 3D inversion of a 2013 IP/resistivity survey and trends visible in high resolution satellite DEM imagery all support K4 South being a a poly-folded gold system with at least two phases of folding and likely three.

The shape of the K4 South auger anomaly which was interpolated by following lithological contacts interpreted from magnetic and IP data also shows a poly-folded form. In addition, along a broadly NNE striking 100km x 20km belt centred on K4 South almost every artisanal working visible in satellite imagery demonstrates a form that is controlled by the interplay between F2 and F3 fold generations. This district level similarity of gold mineralisation style along with all other data makes the interpretation of K4 South as a poly-folded gold system almost indisputable.

Historic drilling of the K4 South gold anomaly and associated artisanal workings is now seen to have been mostly ineffective with drilling confined to the periphery of the anomaly and being poorly oriented to test the poly-folded mineralisation. Nonetheless, historic drilling returned a few notable intercepts such as 4m @ 8.5g/t, 10m @ 3.5g/t and 36m @ 1.3g/t Au that at least demonstrate that K4 South hosts economic grades of gold mineralisation. The implications of K4 South being a poly-folded gold system are far reaching and extremely positive.

Poly folded deposits are in general rare with the Wassa deposit located in southern Ghana being the singular, other example known from the West African Craton. Globally poly-folded gold deposits though rare tend to be large to immense e.g., Homestake ~62Moz, Telfer ~56Moz, Kibali ~23Moz, Wassa 13Moz, & Haverion 9.4Moz. At Wassa, the best empirical comparative because it occurs within the same geological terrane, gold mineralisation has been dated to have first been hydrothermally emplaced at the earliest phase of the Eburnean orogeny- the Eoeburnean and was thus subsequently affected all following phases of the Eburnean deformation event resulting in its poly-folded form.

Other West African deposits interpreted to be of Eoeburnean age and though shear hosted with some a fold influence, are the big ones Obuasi, (49-80Moz (depending on whose estimate)) Bogoso-Prestea (17M Oz) and Ahafo (15M Oz). While it do not know the age of mineralisation at K4 South, given mineralisation has been affected by at least 2, likely 3 phases of Eburnean deformation it is probably of similar early Eoeburnean age to Wassa and thus dates from the time of the most prolific gold deposition event in the West African Craton. At Wassa, high grade mineralisation is concentrated in tight F3 isoclinal folds and to a lesser extent other F1 and F2 closures.

Folds often have extenuated limbs that exhibit weak and narrow <10m gold mineralisation, whereas mineralisation in fold closures is >3.0g/t, tends to be or in excess of 25-30m thickness, has dip extents of ~150-200m, and enormous contiguous down plunge extents that exceed at least 2,000m. Assuming mineralisation at K4 South follows a similar "blueprint" to that of Wassa, one might expect that much mineralisation at K4 South will have been missed in areas outside and some inside, the close spaced 25 x 25m auger grid that was used in the central part of K4 South (diagonals on a 25m square grid are 36m across). Using the Wassa blueprint, better auger results, combined with magnetics and interpreted mineralised outlines from artisanal workings give it several potential high-grade shoots, hosted in fold closures which are ready to be drilled: a) the 9.2g/t F3 nugget pit area, The area around the 36m @ 1.3g/t drill intersection, The 250m strike length ~ 50m wide zone of >500ppb Au auger values with a peak value of 2,263ppb Au located at the southern end of K4 South.

Given the style of mineralisation at Wassa, with the bulk of gold ounces being carried by small, high grade, fold hosted shoots, Wassa packs a lot of ounces into a small surface footprint of only 1,200 x 700m, yet has a net endowment of 13 Million ounces in an area of similar size to mineralisation outlined by both auger anomalism and artisanal workings at K4 South. In summary the implication of K4 South being of similar size, poly-folded form and potential age to the 13 Moz Wassa deposit are extremely positive and K4 South clearly has superlative potential to host a substantial gold discovery.