Wia Gold Limited reported the discovery of two new significant surface gold anomalies at the Bouaflé Project in Côte d'Ivoire. The two anomalies - the Eastern anomaly with a plus 4 km strike and the South-eastern anomaly with a 1.5 km strike - were identified from a recently completed termite mound sampling program that followed up on the priority zones previously defined from stream sediments survey results. The Eastern anomaly returned high grade samples including 2044 ppb, 2001 ppb, 1395 ppb, 1381 ppb and 1313 ppb Au.

An auger drilling program has commenced over these gold anomalies to test the underlaying structures. A systematic stream sediments survey completed over the Bouaflé Project in 2022 identified priority zones for follow-up surface sampling 1. A total of 2,619 termite mound samples were collected in Quarter 3 and Quarter 4 2022 over these zones, the results of which are reported in this announcement. The results have confirmed the presence of two new significant anomalies, the Eastern gold anomaly, which is +4 km strike and the South-eastern gold anomaly, which is 1.5 km strike.

The Eastern gold anomaly is very coherent and includes a strong core of high gold values including 2044 ppb, 2001 ppb, 1395 ppb, 1381 ppb and 1313 ppb. It lies over sediments with a high magnetic signature, identifying a more mafic composition than the surrounding rocks. The area also hosts numerous gold artisanal workings where sets of "en echelon" mineralised zones can be observed.

The South-eastern anomaly is also very coherent and lies over the contact zone between volcano- sediments and a granitic body. An 8,500 metre auger drilling program has commenced, the objective of which is to test for the underlaying structures over both the new gold anomalies. Surface sampling over the remainder of the priority zones is planned to be carried out in Quarter 1 2023.

Results from these programs are expected to identify new drilling targets, in addition to those already identified in the "historical zone" from the previously completed auger and aircore programs. A test drilling program will be prepared and planned for Quarter 2 2023, depending on these results. On the Mankono Ouest permit - Mankono Project - the auger infill program over the Southern gold anomaly resumed in December 2022. The current program comprises 15,000 metres to complete detailed coverage of the anomaly.

Further exploration at Mankono, including follow up drilling, will be determined by the results of the current auger drilling. A soil sampling program has commenced at the Bocanda Project as an infill grid over the gold anomalous zone previously returned from the regional termite mounds sampling. Work on the Issia Project commenced in December 2022, with reconnaissance mapping under way.

Several zones of artisanal gold mining have been identified and spodumene rich pegmatites were mapped in the permit. A regional stream sediment sampling survey is expected to commence later in the March quarter.