Xtra-Gold Resources Corp. announce further positive assay results for an additional 17 diamond core boreholes totaling 5,469.5 metres from its current exploration drilling program on the Company's wholly-owned Kibi Gold Project, located in the Kibi - Winneba greenstone belt, in Ghana, West Africa. Today's drilling results include 13 drill holes (4,666.5 m) dedicated to the further definition /expansion of the Boomerang gold system and 4 scout drill holes (803 m) targeting prospective litho-structural settings generated by recently completed 3D VTEM /TMI inversion-modelling.

The current drilling forms part of an aggressive in-house drilling initiative focussing on multiple resource expansion targets occupying the south-western (Zone 3) portion of the mineralization-hosting 1st-order F2 synclinorium fold structure; over 1 km beyond the limits of the currently defined Mineral Resource Estimate. Present drilling efforts successfully: continued to delineate the extent of the stacked Upper Shoots gold mineralization package across an approximately 75 m - 150 m cross-plunge distance; further defined the robust down-plunge continuity of the main Lower Shoot and Footwall Shoot gold mineralization; and identified a new "blind" prospective diorite body within the core of the mineralization-controlling synclinorium fold structure, to the north of the Boomerang gold system. Assay results reported are provided and include the following highlights: Definition Drilling 10.0 m at 2.13 grams per tonne gold ("g/t Au"), including 3.0 m at 4.31 g/t Au, from 200 m; and 5.0 m at 1.49 g/t Au from 248 m in KBDD24554 10.0 m at 0.81 g/t Au, including 4.5 m at 1.37 g/t Au, from 26 m; and 22.0 m at 1.17 g/t Au, including 2.0 m at 6.54 g/t Au, from 67 m in KBDD24546 3.0 m at 6.39 g/t Au from 227 m in KBDD24548 3.0 m at 3.21 g/t Au from 14.5 m in KBDD23543 8.0 m at 1.22 g/t Au, including 1.5 m at 4.89 g/t Au, from 239 m in KBDD24551 Definition Drilling (Boomerang - Main "Lower Shoot" & Footwall Shoot) 6.0 m at 2.92 g/t Au from 302 m; and 18.0 m at 2.19 g/t Au, including 9.0 m at 3.02 g/t Au, from 331 m in KBDD24545 (Lower Shoot) 31.0 m at 0.62 g/t Au, including 10.0 m at 1.02 g/t Au and 6.0 m at 1.03 g/t Au, from 361 m in KBDD24554 (Lower Shoot) 17.0 m at 1.50 g/t Au, including 4.0 m at 3.76 g/t Au, from 412 m in KBDD24548; and 14.0 m at 0.80 g/t Au, including 6.0 m at 1.15 g/t Au, from 236 m in KBDD23543 (Footwall Shoot) Expansion Drilling 18.0 m at 0.95 g/t Au, including 6.0 m at 1.42 g/t Au, from 316 m in KBDD23542 (Lower Shoot) 6.0 m at 2.97 g/t Au, including 3.0 m at 5.41 g/t Au, from 116 m in KBDD24552 (SW Shoots).

The present 17 diamond core boreholes were completed by the Company's in-house drilling crews from early December 2023 to mid-April 2024, including: 16 new holes (KBDD23541 - KBDD24555, including KBDD23543A) and one hole-extension (KBDD12228). With hole KBDD12228 re-entered /extended by 76.0 m, to a final depth of 414.5 m, to follow up on the deep, high-grade intercept recently yielded by KBDD23536. Drill results for a total of 149 holes (32,438 m) have been reported to date for the ongoing Zone 3 resource expansion drill program initiated following the database close-out date for the current 2021 MRE.

Recently completed 3D VTEM /TMI inversion models-based litho-structural modelling work, conducted by Tect Geological Consulting of South Africa, indicates that the gold mineralization within the Zone 2 - Zone 3 MRE footprint area occupies a licence-scale, 1st-order F2 synclinorium fold structure. Deposits are characterized by tensional arrays of auriferous quartz-carbonate veins typically hosted within or spatially associated with F1 or F2 folded /strained diorite units, and/or metasedimentary rock - diorite contacts, with the diorite bodies having an interpreted Belt-type granitoid affinity. With these two definition drill holes (-55o & -65o), collared from the same position at the northeast extremity of the SW Drill Fence 1, returning the following mineralized intercepts from the main Lower Shoot: 6.0 m grading 2.92 g/t Au and 18.0 m grading 2.19 g/t Au, including 9.0 m at 3.02 g/t Au, from down-hole depths of 302.0 m and 331.0 m respectively in KBDD24545; and 3.0 m grading 1.74 g/t Au and 5.0 m grading 2.20 g/t Au from down-hole depths of 351.5 m and 364.0 m respectively in KBDD24548 (70 m down-plunge of the KBDD24545 intercept).

Drill intercepts from the Footwall Shoot returned from these two boreholes, include: 5.0 m grading 0.97 g/t Au from a down-hole depth of 366.0 m in KBDD24545; and 17.0 m grading 1.50 g/t Au, including 4.0 m at 3.76 g/t Au, from a down-hole depth of 412.0 m in KBDD24548 (80 m down-plunge of the KBDD24545 intercept). KBDD24548 also returned a selected intercept from the Upper Shoots mineralization zone of 3.0 m grading 6.39 g/t Au from a down-hole depth of 227.0 m. These two boreholes, in addition to the KBDD11228 hole-extension, failed to yield any significant gold intercepts down-plunge (30 m - 100 m) of the previously reported high-grade intercept grading 9.29 g/t Au over 9.0 m, including 4.5 m at 16.94 g/t Au, and including 0.8 m at 81.59 g/t Au, from a down-hole depth of 400.0 m in hole KBDD23536. The 7-hole (-50o to -65o) SW Drill Fence 2, including previously reported hole KBDD23539, in addition to the present KBDD23541 /543 /543A and KBDD24546 /551 /554 boreholes, tested the south- eastern, down-dip margin of the NE-plunging Boomerang gold system over approximately 475 m strike and 225 m down-plunge distances, respectively.

All present holes (6) yielded multiple (2 - 7) exploration significant mineralized intercepts corresponding to the Upper Shoots, Lower Shoot, and Footwall Shoot, and including the discovery of a new gold mineralization zone at depth below the Footwall Shoot. Hole KBDD24546, collared at the southwest extremity of the drill fence, returned the following mineralized intercepts: 10.0 m grading 0.81 g/t Au and 22.0 m grading 1.17 g/t Au, including 2.0 m at 6.54 g/t Au, from down-hole depths of 26.0 m and 67.0 m respectively (Upper Shoots); 18.5 m grading 0.26 g/t Au and 11.0 m grading 0.28 g/t Au from down-hole depths of 162.0 m and 190.0 m respectively (Footwall Shoot); and 2.0 m grading 5.38 g/t Au from a down-hole depth of 290.0 m (New Mineralization). A mineralized intercept grading 1.29 g/t Au over 7.0 m, including 1.0 m at 3.96 g/t Au, from a down-hole depth of 352.0 m in KBDD23543, appears to correspond to the down-plunge (30m) extension of the lower (new) mineralization zone in KBDD24546.

Hole KBDD24554, collared at the northeast extremity of the SW Drill Fence 2, returned the following mineralized intercepts: 10.0 m grading 2.13 g/t Au, including 3.0 m at 4.31 g/t Au, and 5.0 m grading 1.49 g/t Au from down-hole depths of 200.0 m and 248.0 m respectively (Upper Shoots); and 31.0 m grading 0.62 g/t Au, including 10.0 m at 1.02 g/t Au and 6.0 m at 1.03 g/t Au, from a down-hole depth of 361.0 m (Lower Shoot).