The Company is currently carrying out a PEA-level metallurgical study to define the preliminary processing flowsheet and indicative metallurgical performance and recovery of the Oko West mineralization. Given the significant depth of the resource and the discovery of a high-grade domain that is open at depth, both open pit and underground methods of extraction will be studied as part of the PEA. The Company will also be conducting the second phase of the environmental baseline study in 2023 in preparation for submission of an Environmental Impact Assessment anticipated in 2024.

Oko West Project: The Oko West Project comprises one Prospecting License issued to Reunion Gold Inc., the Company's 100%-owned Guyanese subsidiary, on September 23, 2022. The Prospecting Licence has a surface area of approximately 10,890 acres (4,407 hectares). The Oko West Project straddles the Cuyuni-Mazaruni Mining Districts in north-central Guyana, South America, and is located approximately 100 km west-southwest of Georgetown, the capital city of Guyana.

Gold mineralization at Oko West lies along a north-south striking contact between Barama Group greenstone belt rocks to the west and a granitoid pluton to the east and can be classified as a shear-hosted, orogenic gold mineralization style, similar to many of the other gold deposits found in the Guiana Shield. The Company began exploring the Oko West Project in 2019 in recognition of the numerous historic alluvial workings that lead up to the now-recognized structural contact, with early airborne geophysics, stream and soil geochemical sampling, that led to successful trench intercepts announced in late 2020. This was followed by drill testing and the announcement of a greenfield discovery in early 2021, with the subsequent commencement of resource definition drilling over the main zone of mineralization, resulting in the MRE announced today.

Data validation: The drilling database used to estimate the Mineral Resources reported in this press release was reviewed by G Mining. A site visit was conducted by Christian Beaulieu, P. Geo, to inspect mineralized intervals, alteration assemblages and QA/QC protocols and to conduct field checks of trenches and to validate drill collars. Database verifications consisted of drill logs (including lithology, alteration, weathering), assay certificates, sample intervals, drill hole collars, downhole survey information and QA/QC results validations.