Sanu Gold Corporation announced commencement of the next phase of work on the company's Bantabaye Gold Exploration Permit (?Bantabaye? or the ?Permit?) in Guinea, West Africa. The Permit, which lies on the western margin of Guinea's prolific Siguiri Basin, is located approximately 50 kilometres (?km?) south of the multi-million ounce Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project.

Work Program: The next phase of work is underway at Bantabaye and will focus on metallurgical test work and surface exploration through the remainder of 2023, in preparation for a second phase reverse circulation (?RC?) drill program planned to commence in the first quarter of 2024. Metallurgical Test Work: Based on the high-grade drill results from the inaugural RC drill program at Target 2 in the first half of 2023, which included 11.4 g/t Au 2 over 15 m, including 41.2 g/t Au over 4 m (BANT-RC-002), combined with the extensive zone of gold mineralization and historic workings outlined in the 700 m long Target 3 to Target 7 area, the Company has commenced initial metallurgical test work. This work includes cyanide leach bottle roll tests on RC drill chip samples from the main mineralized rock types to provide an initial indication of potential gold recoveries at Bantabaye.

Trenching and Channel Sampling: The Company plans to continue its successful program of trenching and channel sampling in the Target 3 to Target 7 area, where initial channel sampling of new exposures created by the construction of drill roads and pads returned broad intervals of gold mineralization, with 1.1 g/t Au over 43 m, including 4.2 g/t Au over 6 m (BANT-TR-1) and 1.2 g/t Au over 40 m, including 5.4 g/t Au over 4 m (BANT-TR-03) from Target 7. Geological Mapping and Sampling: The Company continues to conduct mapping and sampling of new and known zones of gold mineralization exposed by local artisanal workers and the construction of drill roads and pads, to better delineate the extent of gold mineralization in the northern half of the 99.9 square kilometre Permit. Infill termite mound sampling in key target areas in Bantabaye North to supplement existing sampling is underway. RC Drilling: The Company plans to complete up to 10,000 m of RC drilling in H1/2023, conducted in several phases commencing with an initial 2,000 to 2,500 m in Q1/2023.

Results from the abovementioned surface exploration and geophysical surveys will be incorporated into the drill plan. Follow up drilling along strike and below the Target 2 discovery, to delineate the tenor and size of the mineralized zone, is a high priority for this next phase of drilling.