West African gold explorer Golden Rim Resources Ltd (ASX: GMR; Golden Rim or Company) is pleased to announce gold assay results for 36 reverse circulation (RC) drill holes (totalling 3,691m) from exploration and infill drilling at its Kada Gold Project (Kada) in Guinea.

Golden Rim's Managing Director, Craig Mackay, said: 'Golden Rim's exploration RC drilling at Kada has achieved our objective of locating additional oxide gold mineralisation outside our maiden 930,000oz MRE area, identifying additional gold mineralisation in three areas that cover a cumulative strike length of more than 4km. It is envisaged these areas will provide considerable additional ounces to the gold inventory at Kada. The extent of these new areas is highly significant given the current MRE extends over 1km. 'We are particularly thrilled with the results from our drilling at Bereko Prospect, 7km north of the MRE, where we have discovered multiple zones of shallow oxide mineralisation that extend over 2.5km. Some of the intersections at Bereko are high grade (>5g/t gold) and offer exciting targets for follow-up drilling.

Kada Exploration Drilling

Golden Rim recently completed a 57-hole (5,428m) RC drilling program at Kada. Most of the program comprised exploration drill holes designed to test auger gold anomalies predominantly along the Kada Gold Corridor and outside the MRE area as well as three infill holes (444m) completed within the MRE area. New assay results from the final 36 holes for 3,691m are reported in this announcement.

Results from the drilling at Bereko have been highly encouraging, with the discovery of multiple zones of shallow, oxide mineralisation that extend over 2.5km. High-grade mineralised zones identified will be the focus for follow-up drilling. KRC107 was drilled adjacent to KRC086, the first hole completed below the artisanal mine workings, and was a deeper hole designed to test the full width of the artisanal workings. Gold intersections obtained in KRC107 and KRC086 show good continuity. KRC107 intersected 19m @ 0.6g/t gold from 24m and 6m @ 1.0g/t gold from 127m. The deeper intersection appears to be a southern extension of 10m @ 5.5g/t gold obtained in KRC092 located 100m north, near the edge of the artisanal workings. KRC107 also demonstrates the extensive thickness of the oxide layer, with the base of oxidation occurring at approximately 118m below surface.

KRC117 and KRC118 were drilled on section 1,224,920mN, 80m south of previous exploration drilling that intersected 66m @ 1.0g/t gold from 29m (KRC072). The geology in KRC117 consists of highly oxidised volcanic tuff, with pervasive kaolinite + hematite alteration. Gold mineralisation is associated with areas of high quartz vein content (up to 10%). Gold mineralisation occurs in two distinct zones, and the best intersection is 45m @ 0.7g/t gold from 50m.

KRC133 and KRC134 were drilled on section 1,224,080mN, in the middle of the MRE area. Both holes intersected broad zones of oxide mineralisation from surface, with KRC133 beginning with 15m @ 1.8g/t gold from 0m, and KRC134 with 17m @ 1.7g/t gold from 0m. Both holes also have multiple deeper gold intersections. Within the MRE area, several small artisanal workings located on some narrow, east-west trending, steeply north dipping, high-grade quartz veins have been observed. Pits extend up to 20m along strike and 10m in depth.

KRC135 was drilled dipping 55-degree to the north, to test the lateral continuity of these high-grade structures, and to understand the influence of these cross-structures on the MRE which is largely associated with much larger scale, north-south trending zones of gold mineralisation. KRC135 intersected 2m @ 2.2g/t gold from 28m and 7m @ 1.3g/t gold from 96m and the results suggest these small-scale east-west structures have little influence upon mineralisation beyond the 10-15m deep lateritic layer, and drilling should continue to dip west and focus on identifying the more important steeply east dipping mineralisation.

Massan South Prospect

Massan South prospect occurs as a wide (>400m), north-south trending soil and auger anomaly extending over 2km. Initial RC drilling at this prospect focused on three areas with more continuous higher-grade gold anomalies. Golden Rim drilled eight holes (KRC123 - KRC130) for 652m at Massan South. The best gold intersection is 5m @ 1.7g/t gold from 37m in KRC124 and is associated with quartz veins with trace disseminated sulphides hosted in moderately oxidised volcanic tuff with hematite alteration. The depth of oxidation at Massan South is shallower (approximately 45m) compared to the >100m deep oxide thickness seen within the MRE area and at Bereko

Contact:

Craig Mackay

Tel: +61 3 8677 0829

Email: craig@goldenrim.com.au

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