Tietto Minerals Limited provided a project construction update for its fully funded 3.45Moz Abujar Gold Project in Côte d'Ivoire, West Africa for April 2022. Tietto is on track to deliver first gold at Abujar in fourth quarter of calendar year 2022. Construction Activities: Construction is tracking well against schedule with progress achieved at the plant as SAG mill concrete moves to installation of formwork for the second lift, installation of roofing for the kitchen building, and clearing for the TSF.

Next Steps: Tietto announced a AUD 130 million twotranche placement on 29 March 2022 to accelerate development of Abujar. The placement allowed the participation of likeminded investors, keen for the Company to realise first gold production by fourth quarter calendar year 2022 and produce 260,000oz gold in 2023. Tietto remains very well positioned to advance its dual strategy of `drill and build' into 2022: Continue to drive rapid resource growth at the 3.45Moz Abujar Gold Project; and Fasttrack development of Abujar Gold Project to achieve first gold in fourth quarter calendar year 2022.

Tietto continues to deliver project milestones; with Abujar's maiden Measured gold resources of 7.7Mt @ 1.4 g/t Au for 350,000oz reported on 11 April 2022. Tietto now plans to update Abujar's LOM production plan in second quarter calendar year 2022 using the updated Mineral Resource Estimate, increased mill throughput and higher gold prices (spot price is +35% greater than USD 1,407/oz used in the DFS2), targeting a material increase to existing LOM production. Tietto's own team is advancing construction of the process plant and associated infrastructure which remains on schedule.

Abujar Gold Project is progressing towards first gold pour by the end of fourth quarter calendar year 2022 and is on track to become West Africa's next producing gold mine.