West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company) is pleased to provide its Quarterly Activities Report for the quarter ended 31 December 2021 (Quarter).

HIGHLIGHTS

Kada Gold Project, Guinea

Resource definition RC drilling at Kada continues to confirm multiple, broad sub-parallel

zones of gold mineralisation in the Newmont gold resource area, with results including: 96m at 3.3/t gold from 79m, including 29m @ 8.5g/t gold (KRC025)

62m at 1.3g/t gold from 0m (KRC020R)

28m at 2.4/t gold from 0m (KRC021)

22m at 2.3g/t gold from 20m (KRC023)

28m at 2.4g/t gold from 0m, (KRC019)

Resource definition drilling has filled in many of the gaps in the preliminary modelling and discovered additional oxide gold mineralisation.

Golden Rim has delineated a thick, flat-lying blanket of soft oxide gold mineralisation that is now 800m long x 700m wide.

Golden Rim expects to deliver Kada maiden Mineral Resource Estimate in February 2022.

Regional auger drilling has commenced to expand and infill the 15km bedrock gold corridor identified by Golden Rim's initial auger campaign in Q2 2021.

ABOUT GOLDEN RIM RESOURCES

Golden Rim Resources Limited is an ASX listed exploration company with a portfolio of advanced minerals projects in Guinea and Burkina Faso, West Africa and in Chile, South America. The Company's flagship project is the advanced Kada Gold Project in eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Kada was previously explored by Newmont who completed 39km of drilling and defined a non-JORC gold resource. Golden Rim is focussed on the extensive oxide gold mineralisation at Kada and with the completion of infill drilling the Company is planning to deliver a maiden JORC Mineral Resource in February 2022. Most of the 200km2 project area remains poorly explored and there is considerable upside for the discovery of additional oxide gold mineralisation. The Company discovered and has outlined an Indicated and Inferred Mineral Resource of 50Mt at 1.3g/t gold for 2Moz1 at the Kouri Gold Project, located in north-east Burkina Faso. Kouri covers 325km2 of highly prospective Birimian greenstones. Recent exploration has successfully located several high-grade gold shoots. In northern Chile, Golden Rim has the Paguanta Copper and Silver-Lead-Zinc Project. Historically a silver mine, the Company has outlined a Measured, Indicated and Inferred Mineral Resource of 2.4Mt at 88g/t silver, 5.0% zinc and 1.4% lead for 6.8Moz silver, 265Mlb zinc and 74Mlb lead2 at the Patricia Prospect. The Mineral Resource remains open. In addition, the project has several exceptional porphyry-copper targets, such as Loreto, that remain untested.

Contact:

Craig Mackay

Tel: +61 3 8677 0829

Email: craig@goldenrim.com.au

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