West African Resources : hits 320 g/t Au at M1 South

Press Release

24 August 2017 West African hits 320 g/t Au at M1 South

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade drilling results from its Sanbrado Gold Project, Burkina Faso.

Highlights

• High-grade results from depth at M1 South;

  • 16.5m at 14.78 g/t Au from 446.5m, including 0.5m at 320 g/t Au
  • 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au
  • 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au
  • 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au

• Three drill rigs currently on-site double shifting, infilling and extending mineralisation

• Ground geophysical survey nearing completion targeting additional M1-style mineralisation

• Resource update on track for Q3 2017 and updated Feasibility Study in mid-2018

• Funded to complete all work programs with approximately $29m cash at bank

Managing Director Richard Hyde commented:

"M1 South has returned further high-grade results including 0.5m at 320 g/t Au within 16.5m at 14.78 g/t Au in TAN17-DD111-WD1, up dip of parent hole TAN17-DD111.

"Deep drilling at M1 South is also underway with drilling designed to intersect mineralisation at 500m vertical depth.

"The Company remains on track to deliver a resource update in Q3 2017, and is-funded to complete all work programs."

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

M1 South Drilling Program

Drilling for the upcoming resource estimate update for M1 and M5 has been completed with remaining assays expected over the next two weeks. Infill drilling from wedge holes TAN17-DD110A-WD1 and TAN17-DD111-WD1 have confirmed the continuity of the high-grade gold mineralisation at M1 South. Significant results from recent drilling include:

 TAN17-DD110A-WD1: 4m at 21.45 g/t Au from 421.5m, including 0.5m at 79.7 g/t Au

 TAN17-DD110A-WD1: 3m at 29.52 g/t Au from 434m, including 0.5m at 127 g/t Au

 TAN17-DD111-WD1: 4m at 11.02 g/t Au from 404.5m, including 0.5m at 47 g/t Au

 TAN17-DD111-WD1: 3m at 14.49 g/t Au from 417m, including 0.5m at 73.9 g/t Au

 TAN17-DD111-WD1: 16.5m at 14.78 g/t Au from 446.5m, including 2.5m at 79.9 g/t Au (including 0.5m at 320 g/t Au )

Drilling along strike targeting additional shoots has returned mixed results. Three holes are still pending (TAN17-DD154, 158 and 160 see Figure 1) and further work remains to be done on the geological model. Significant results include:

 TAN17-DD135 1.5m at 91.76 g/t Au from 155m, including 0.5m at 215.6 g/t Au

 TAN17-DD140 1m at 8.52 g/t Au from 115m

 TAN17-DD140 3m at 2.62 g/t Au from 262m

 TAN17-DD141 3.5m at 15.79 g/t Au from 347m, including 0.5m at 64 g/t Au

 TAN17-DD144 5.5m at 5.81 g/t Au from 174m

 TAN17-DD146 2.5m at 3.03 g/t Au from 179.5m

Previous results from the 2017 drilling program that commenced after the February open pit Feasibility Study at M1 South include:

 TAN17-DD104: 11m at 20.4 g/t Au from 286m, including 2m at 101.71 g/t Au

 TAN17-DD107: 8.5m at 37.98 g/t Au from 296.5m, including 1m at 260.93 g/t Au

 TAN17-DD109: 29.5m at 20.67 g/t Au from 349.5m, including 1.5m at 250.29 g/t Au

 TAN17-DD109: 9.5m at 7.78 g/t Au from 385m, including 1m at 61.14 g/t Au

 TAN17-DD110A: 22m at 10.52 g/t Au from 373.5m, including 1.5m at 61.71 g/t Au

 TAN17-DD110A: 15m at 12.4 g/t Au from 431.5m, including 2.5m at 57.6 g/t Au

 TAN17-DD111 21m at 53.13 g/t Au from 408.5m, including 0.5m at 1,613.41 g/t Au

 TAN17-DD111 14.5m at 38.27 g/t Au from 459m, including 4.5m at 104.16 g/t Au

 TAN17-DD128: 2.5m at 58.9 g/t Au from 254m, including 0.5m at 280.3 g/t Au from 256m

 TAN17-DD129: 2.5m at 24.4 g/t Au from 162m, including 0.5m at 64.9 g/t Au from 163.5m

Two holes, TAN17-DD162 & 163, are in progress targeting deeper mineralisation at approximately 450- 500m vertical below surface. Figure 1 shows the anticipated intercept points of both based on surveys to date. Both holes should be completed within the next week. Also ground magnetic and IP geophysical surveys covering the M1, M3 and southern M5 areas is nearing completion. It is expected that data will be available for interpretation by mid-September. A summary long-section through the M1 South is presented as Figure 1, along with a cross-section and drill plan as figures 2 and 3.

Photo 1: TAN17-DD110A- WD1 - Visible gold at 423m - 79.7 g/t Au Photo 2: TAN17-DD111- WD1 - Visible gold at 456.5m - 320 g/t Au Figure 1: M1 South - Long Section