Algold Resources Ltd. announced preliminary assay results from drilling carried out in July and August, 2018 on the high-grade Salma-Eleonore East Vein System (“SVS” or “Salma”) located at the Corporation’s Tijirit Project in Mauritania. Highlights: 20.9 g/t Au over 2 meters (hole T18RC149), approximately eight meters below the surface, some 60 meters southwest of hole T18RC004, which intersected 12.3 g/t Au over 3 meters. 2.22 g/t Au over 17 meters (hole T18RC151), including 3.90 g/t Au over 7 meters and 11.0 g/t Au over 2 meters, approximately 50 meters below the surface, some 100 meters north of hole T12RC137 (historical result Gryphon Minerals), which intersected 3.16 g/t Au over 2 meters at Eleonore East. 3.4 g/t Au over 9 meters (hole T18RD154), including 9.24 g/t Au over 3 meters, approximately nine meters below the surface and 2.7 g/t Au over 8 meters, 20 meters below the surface, some 130 meters west of hole T18RC151, indicating at least two mineralized veins at the southern end of the Eleonore East area. Assay results received to date for hole T18RD154 are only to a depth of 30 meters and therefore partial; additional results representing drilling that was carried out to 159.35 meters deep remain pending. The SVS, discovered in mid-2017 extends over a ten-kilometer northerly corridor. SVS’s southern tip, labelled Eleonore East, is located only 2.4 kilometers east of the Eleonore zone, within the prospective granite-greenstone contact zone. Drilling conducted at Salma " Eleonore East in July and August, as part of the Phase IV 25,000-meter drilling program, consisted of 42 reverse-circulation (“RC”) holes (11 of which were pre-collar) totaling 3,829 meters and 17 diamond drill holes (11 of which were diamond [tail)] totaling 1,774 meters. The drilling targeted mineralization identified from rock chip panel and channel sampling and RC drilling conducted in February and March of 2018 on fifteen fences, widely spaced over SVS’s entire ten-kilometer strike corridor.