Pasofino Gold Limited announced that it has received results for a further six holes drilled at the Tuzon deposit on the Dugbe Gold Project, in which the Company has an option to earn a 49% economic interest (prior to the issuance of the Government of Liberia's 10% carried interest). Highlights The results firm up on the increased lateral and strike extent of the higher-grade zone B at the 2Moz (Indicated MRE) Tuzon deposit. 4 of the holes have significant 2 g/t+ gold intersections including: TDC040: 36.3 m grading 2.06 g/t gold (from 351.5 m downhole) and 15 m grading 2.01 g/t. TDC191: 11.2 m grading 1.37 g/t gold (from 125.2 m downhole) and 49.9 m grading 1.44 g/t gold. 150 m to 300 m wide zone of >2 g/t gold apparent with at least 250 m 'length'. Results expected to have a positive impact on the updated MRE due September 2021. Trenching underway on the 6 km soil trend extending on strike from Tuzon, following-up on the 36m @ 0.6 g/t initial trench result reported in May1. The holes were drilled to firm up on the lateral and strike extension of the higher-grade 'zone B' of the Tuzon deposit (figure 1) and provide additional 'zone A' intersections. The results are provided below and in table 1 and are shown in cross-sections in figures 3 to 5. These results will be included in the update to the Mineral Resource Estimate (MRE) due in September 2021. A total of 23 drill-holes have been completed at Tuzon since April 2021, totaling 6,675 metres of drilling. Of these 6 were geotechnical holes. 5 of the exploration holes involved the deepening of previous (2014 and earlier) drillholes (such as TDC040). Aside from the geotechnical holes, the drilling has been aimed at 'stepping-out' laterally and on-strike; and providing some 'infill' intersections, with the objective of increasing the current Mineral Resource Estimate (MRE) and converting some parts of the Inferred MRE to Indicated Mineral Resources. An updated MRE for Tuzon is expected to commence in August and be completed in September 2021. Sampling and analysis of the Tuzon core is ongoing; the results reported herein are the 2nd batch of recent holes for which sampling and analyses have been completed. The previous batch was reported 15 June 2021. The deposit footprint is 1.7 km long with an average width of 250 to 300 m, in plan view. Parts of the mineralised layer outcrop for the full length of the deposit. The depth to the base of the mineralised zone ranges from just below surface to over 400 m in the south reflecting the steady plunge of the controlling fold structure. As at the nearby Dugbe F deposit, the host-rock is orthopyroxene gneiss with increased sulphide content (visible pyrrhotite, arsenopyrite and pyrite). At Tuzon the layer has been repeatedly folded and is interpreted to be a large synform which plunges to the southwest at approximately 20 degrees. The mineralised layer is thickened on certain parts of the fold limbs and around the recumbent lower-most fold hinge. The northern limb is referred to as 'zone A' and the southern limb of the fold and the hinge of the synform are referred to as 'zone B'. Zone B is higher grade than zone A with an average of 1.7 g/t gold. The new holes were positioned using a professional surveying instrument, the Trimble R12i Rover unit. Downhole orientation surveys were completed for all holes and core was oriented to assist with interpretation. All drilling and logging were completed in adherence to industry standard operating procedures. Core recovery is over 95% for all mineralized intersections. Core was drilled HQ (65 mm diameter) through the overburden typically 2-10 m depth, then NQ (47 mm diameter) size. Samples were all half core, analyzed by ALS Kumasi in Ghana, a facility compliant to ISO 17025:2005 for the analytical methods used for the samples. Samples range from 1 kg to over 5 kg depending on the length of each sample. Within every 20 core samples submitted a certified standard and blank was inserted. The results of these samples show acceptable levels of variance. Duplicate (other half of the core) samples were inserted 1 in every 20 core samples to check on precision. Sample weights on dispatch and received sample weights were examined to monitor for sample swaps. All samples were stored and transported to the laboratory securely and accompanied by a company representative until arrival at the laboratory. Similar QAQC measures were undertaken for the previous drillholes reported herein; those samples were analyzed by ALS in Loughrea, Ireland which is an ISO 17025:2005 compliant facility for the analytical methods used for the samples. All samples were analyzed by fire assay with atomic absorption finish on a sample with 50g nominal weight.