Oriole Resources provided an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, where BCM International Limited,is currently funding up to USD 4 million in exploration expenditure. Mbe is just one of five licences within the Company's broader package of contiguous exploration licences, the 'Eastern CLP', which covers 2,266 square kilometres of gold prospective ground. be (licence area 312km2) is an early-stage porphyry-hosted gold project located within the broader 2,266km2 'Eastern CLP' package of five contiguous gold-focussed exploration licences in the Adamawa region in central Cameroon.

Since 2022, the Company's systematic exploration programmes have identified a 3km-long, northeast-trending prospect, MB01, which sits within a wider 12.5km-long zone of gold-in-soil anomalism that trends east-northeast. At MB01, increased dilation at the sites of structural intersections has resulted in enhanced levels of gold deposition at the MB01-N and MB01-S targets. Gold mineralisation at these targets comprises high-grade, sulphide-rich, quartz veins that occur within or at the contact with an intensely altered felsic unit, which itself is mineralised and creates wide envelopes of pervasive gold mineralisation.

Rock-chip sampling to date has delivered results of up to 260.03g/t Au from outcropping quartz veins, and up to 25.16 g/t Au from artisanal pits. The Company reports results from infill soil sampling (100m x 25m grid) over the MB01 trend, which have significantly improved the data resolution over the Prospect from the previous 400m x 200m regional soil sampling grid, highlighting more precise targets for follow-up.Results from 4,537 of a total 4,564 samples (including QAQC) have delivered up to 8,174 ppb Au. The remaining 27 samples (including QAQC) will be reported in Third Quarter 2024.

Results have provided further support for substantial zones of pervasive, near-surface gold mineralisation, in particular at MB01-S, where a >100 ppb Au soil anomaly extends over an area of 1.15km by up to 0.75km. A second >50 ppb Au anomaly (0.95km by up to 0.75km) has been defined at MB01-N, with the infill results providing much greater definition within the anomaly that clearly highlights the importance of intersecting structural controls at the Project, namelynorth-northeast and north-northwest conjugate faults and an east-northeast trend. A third, more diffuse, zone has been outlined along strike of MB01-N, to the northeast, extending over an area of 0.50km by up to 0.50km and presenting a possible strike extension to the confirmed system length at MB01.

Samples were mostly taken from in-situ saprolitic material (at an average depth of approximately 40cm below surface) at the bedrock interface, with the exception of 251 samples where the alluvial cover was too deep. All samples were analysed at Bureau Veritas in Abidjan and were analysed for gold using fire assay solvent extraction with an atomic absorption spectrometry (AAS) finish. A review of the QAQC has confirmed that all data falls within acceptable limits.

A trenching programmehas commenced for a planned 5,500m, over seven trenches, to provide three-dimensional data over these three key anomalies. The results will help to define drilling targets for the 2024/25 field season. An interpretation of ground geophysics data earlier this year suggests that there is potential to identify further parallel systems within the broader 12.5km-long regional soil anomalism (MB_Target A and MB_Target B, announcement dated 24 April 2024).

A second infill soil sampling programme (100m x 50m spacing), over this wider target, is nearing completion, with results anticipated in Third Quarter 2024. In addition to the soil sampling programmes, BCM has taken an additional 556 rock samples (including QAQC) which has delivered a result of 260.03 g/t Au, and with 160 samples (31.18%) grading over 0.5g/t Au. Five blank samples (QAQC) out of 15 plotted outside of acceptable limits, although the highest of these was 0.08 ppm Au and therefore is not deemed to be significant.

However, the team is investigating this further. Three higher-grade field duplicate samples out of 28 did not show repeatability, but this is not unexpected given the natural variability of gold distribution within the veins.