Xtra-Gold Resources Corp. announced assay results for an additional 24 diamond core boreholes totalling 3,553 metres from its ongoing Zone 3 resource expansion drilling program on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone belt (the "Kibi Gold Belt"), in Ghana, West Africa. With the present drilling successfully confirming the down-plunge continuity and multi-shoot geometry of the recently identified Boomerang East gold zone (see the Company's news release of February 18, 2022).

The current drilling forms part of an aggressive in-house drilling initiative focussing on multiple resource expansion targets along the southwest (Zone 3) segment of the over three-kilometre-long Zone 2 -Zone 3 anticlinal fold structure; stretching over one kilometre beyond the limits of the recently published updated Mineral Resource Estimate (the "2021 MRE", see the Company's news release of November 1, 2021). Assay results reported are provided in Table 1 below and include the following highlights: - 77.0 metres ("m") at 1.59 grams per tonne gold ("g/t Au"), including 31.0 m at 3.23 g/t Au, from 122.0 m in hole #KBDD22481 - 46.0 m at 1.39 g/t Au, including 20.0 m at 2.01 g/t Au, from 127.0 m in #KBDD22475- 43.0 m at 1.57 g/t Au, including 13.0 m at 3.21 g/t Au, from 52.0 m in #KBDD22480. - 13.5 m at 3.20 g/t Au from 37.0 m in hole #KBDD22478- 11.3 m at 2.41 g/t Au, including 6.0 m at 3.40 g/t Au, from 11.0 m in #KBDD22464 - 9.1 m at 1.21 g/t Au from 93.9 m in #KBDD22469; followed by second interval of 16.3 m at 2.06 g/t Au from 141.7 m, including 5.7 m at 3.10 g/t Au.

Kibi Gold Project drill results correspond to 24 follow up drill holes targeting the recently defined Boomerang East gold zone located along the southwestern (Zone 3) segment of the over three- kilometre-long Zone 2 - Zone 3 anticlinal fold structure. With the drilling, in addition to further delineating and expanding the auriferous zone, also designed to gain additional insight on the mineralization's litho- structural setting. The 24 diamond core boreholes totalling 3,553 m were completed by the Company's in-house drilling crews from early February to mid-May 2022 #KBDD22459 - #KBDD2282).

A total of 68 holes (9,451 m) have been completed since the initiation of the current drill program following the late July 2021 database close-out date for the recently published updated 2021 MRE. Exploration significant auriferous intercepts are presented in Table 1 below, with a drill plan and collar details.