West African Resources : delivers 105 g/t Au over 3m at M1

Press Release

10th April 2017 West African delivers more high grade at M1 3m at 105.41 g/t Au from 296.5m

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report high-grade diamond drilling results from the M1 deposit, at its 100%-owned Sanbrado Gold Project, Burkina Faso.

Highlights

• High-grade results from depth at M1 South;

  ­ 3m at 105.41 g/t Au from 296.5m

  - 4m at 54.46 g/t Au from 293m

• Diamond drilling at M1 intercepts visible gold at 460m down hole, which is more than double the depth of the current reserve
• Optimised feasibility study including open-pit and underground mining on track for Q3 2017
• Two contractor rigs currently drilling at M1 South, one WAF rig double shifting at M5
• Two additional contractor rigs expected on site this week
• Well-funded to complete all work programs

Managing Director Richard Hyde commented:

"Diamond drill holes TAN17-DD104 and TAN17-DD107 have returned high grade gold results of 4m at 54.46 g/t Au from 293m, and 3m at 105.41 g/t Au from 296.5m, respectively. These are the first results from the new drilling program at M1 South for 2017.

"Results show good continuity of high grade gold mineralisation and confirm visible gold reported in logging in March. Further significant zones of visible gold have now been intercepted at 460m down hole, more than double the depth of the current reserve, confirming M1 as a fertile very high-grade gold system which remains open at depth.

"Two additional contract rigs will arrive on site this week to accelerate the drilling program at M1 and follow-up the recent high grade results from M5.

"Results will be included in the optimised feasibility study in Q3 2017."

M1 Drilling at Depth

During the week assays have been returned for holes TAN17-DD104 and TAN-DD107 with results confirming visible gold identified in core logging by WAF geologists. Both holes returned high grade results. Results have also been returned for TAN17-DD106, which deviated off section, however still returned significant mineralisation.

Principal Office: 14 Southbourne Street, Scarborough WA 6019, Western Australia

T: + 61 8 9481 7344 F: + 61 8 9481 7355 E: [e-mail] www.westafricanresources.com ACN: 121 539 375

Recent significant results from M1 include:

 TAN17-DD104: 4m at 54.46 g/t Au from 293m including 0.5m at 150.9 g/t Au; and

• 17m at 2.6 g/t Au from 307m including 1m at 29.7 g/t Au

   TAN17-DD106: 6.5m at 2.81 g/t Au from 327.5m, including 1.5m at 9.63 g/t Au

   TAN17-DD107: 9.5m at 34.03 g/t Au from 295.5m including 3m at 105.41 g/t Au; and

• 5.5m at 5.99 g/t Au from 315.5m including 1.5m at 19.18 g/t Au; and

• 18m at 3.74 g/t Au from 325m including 1.5m at 7.59 g/t and 5m at 8.9 g/t Au

Assays are pending for 3 holes (TAN17-DD109, 110A and 111) which have all intercepted visible gold (VG) and high grades are expected. The current summary of expected zones of mineralisation are:

Section SE0450

 TAN17-DD110A - hanging wall mineralised zone 380-385m (VG 380.9m, 381.8m and 383.5m), foot wall mineralised zone 389-396.5m (VG 390.5m, 392.5m, 393.2m, 394m and 395.2m)

Section SE0425

 TAN17-DD109 - hanging wall mineralised zone 349-395m, predicted high grade 349-354m (VG 350-351.6m), foot wall high grade 369-376m (VG 369.8-371.4m)

 TAN17-DD111 - hanging wall mineralised zone 412-420m (VG 414.2m), foot wall mineralised zone 463-572.2m (VG 464.1m and 466.3m)

Photo 1: TAN17-DD110A - Visible gold at 381.9m section SW425 at M1 Photo 2: TAN17-DD111 - Visible gold at 466.3m, section SW450 at M1

Results reported in the release will be included in upcoming resource and reserve studies scheduled for Q3 2017, feeding into the Optimised DFS due for completion in Q3 2017. A summary plan and sections for M1 are presented below. Full results for drilling are presented in Table 1 and 2.

Figure 1: Sanbrado Gold Project - Mineralised Trends and Prospect Locations