African Gold Ltd. reported that the results from the past two exploration programs by the Company on the Didievi Project (Didievi or the Project) in Côte d'Ivoire have confirmed and expanded on the previous drill results from the Project. An independent review of these results has enabled the Company to release an Exploration Target based on the Blaffo Gueto and Pranoi Prospects within the Didievi Project, Côte d'Ivoire. The potential quantity and grade of the Exploration Target is conceptual in nature.

There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The reader is advised that an Exploration Target is based on existing drill results and geological observations from drilling as well as interpretation of multiple available datasets. The exploration target is based on historical and African Gold drilling information.

It uses data from 471 drill holes on the Blaffo Gueto and Pranoi Prospects. Information used in this release has been reported to the ASX by African Gold on 27 November 2020, 11 August 2021, 8 September 2021, 7 December 2021, 4 July 2022, 25 July 2022 and 11 August 2022. The Company intends to commence additional exploration at the Blaffo Gueto and Pranoi Prospects on the Didievi Project in the upcoming dry season to test the validity of the Exploration Target and to assess potential extensions of the multiple mineralised target zones.

The program is currently planned to include a reverse circulation (RC) drilling program over the prospect areas and potential extensions, a detailed topographic survey and additional mineral density testing. The target areas for the follow up drilling program are shallow, with the exploration target envelope only extending to 200m depth.