Amani Gold : HIGH GRADE GOLD INTERSECTED IN KEBIGADA DIAMOND DRILLING

					ASX : ANL
	3 June 2022	ASX Release
only		HIGH GRADE GOLD INTERSECTED IN KEBIGADA DIAMOND DRILLING
					59.99m @ 2.35g/t Au from 98.86m
		HIGHLIGHTS
use		n Assay results have been received for drillholes GRDD037, GRDD038, GRDD039.
	n Drilling has intersected a series of high grade gold zones within the existing Kebigada ore body.
		Significant Intercepts include:
			n	GRDD039:
				• 59.99m @ 2.35g/t Au from 98.86mincluding
personal			§ 3.4m @ 8.85g/t Au from 103.88m.
	n	The final 92.73m of samples for GRDD039 are still to be assayed.
				§	13.62m @ 3.20g/t Au from 142.23m.
			n	GRDD038:
				• 60m @ 1.28g/t Au from surfaceincluding
				§ 6m @1.74g/t from 30m.
				§ 6.5m @ 2.76g/t Au from 40.5m.
			n	GRDD037:
				• 2.70m @ 2.16g/t from 510.8m

Amani Gold Limited (ASX: ANL) ("Amani" or "the Company") is pleased to announce assay results for three diamond drill holes completed at the Company's 4.1Moz Kebigada deposit.

Drilling was intended to target high grade gold mineralization within the existing resource area and depth extensions of the ForKebigada Central Ore Body.

GRDD039 returned a high grade intersection of 59.99m @ 2.35g/t Au from a depth of 98.86 meters. The intercept confirms the strike extension of a shallow high grade zone first encountered in RC hole GRRC217 - 65m@7.73g/t Au from 74m (see ASX announcement "Amani reports intercept of 105m@7.733g/t Au from infill drilling at Kebigada Giro Gold Project" dated 10 April 2017).

GRDD038 Assays returned a high grade gold intersection of 60m@1.28g/t from surface including 6m @ 1.74g/t from 40m and 6.50m @ 2.76g/t Au from 40.5m. The results included higher grade intercepts than were recorded in the 2020 Resource model as well as mineralized zones that did not form part of the Giro Resource Area.

Assays results were returned for GRDD039 to a depth of 306.83m with the final 92.73m to be returned with the next set of drilling.

25 Colin Street, West Perth WA 6005

Tel: [phone]

www.amanigold.com

[e-mail]

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On the Drill Results, Amani Chief Executive Officer Conrad Karageorge commented:

For personal use only

"We are very excited about the shallow high grade zone confirmed by GRDD039. The confirmation of this mineralisation has the potential to improve the overall feasibility of the Giro Project.

The Company is also encouraged by the high grade sections within GRDD038 which both improved on the grade of the 2020 resource model and intersected substantial mineralization not contained within the existing resource."

TABLE 1 - DRILLHOLE SUMMARY

Hole ID

Easting

Northing

Elevation

End - of - Hole

Azimuth

Dip

Line

(m)

(m)

GRDD037

749061

344258

859

513.50

043°

-55°

625N

GRDD038

749026

344396

860

313.50

043°

-55°

750N

GRDD039

749093

344042

856

454 . 50

043°

-55°

450N

				TABLE 2 - SIGNIFICANT INTERCEPTS 1
	Hole ID			From			To			Interval			Gold Grade
			(m)			(m)			(m)			(g/t)
	GRDD037	510.80		513.50		2.70		2.16
	GRDD038			0.00			60.00			60.00			1.28
	including			30.00			36.00			6.00			1.74
				40.50			47.00			6.50			2.76
	GRDD038	78.00		87.00		9.00		0.99
	GRDD038			103.05			134.60			31.55			0.94
	GRDD038	154.00		184.03		30.03		1.21
	GRDD038			253.00			264.00			11.00			0.97
	GRDD038	283.90		293.00		9.10		1.14
	GRDD039			69.50			80.00			10.50			1.17
	GRDD039	98.86		158.85		59.99		2.35
	including	103.88		107.28		3.40		8.85
			142.23		155.85		13.62		3.20

GRDD039	222.00	239.53	17.53	1.22

1 Intercepts calculated on an interval weighted average basis.

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9.10m @ 1.14g/t Au from 283.90

30.03m @ 1.21g/t Au from 154m

59.99 @ 2.35g/t Au from 98.86m

ASX:ANL

onlyuse personalFigure 1 - Cross Section 450N showing GRDD039 and the 2020 resource model blocks and Au (ppm) . For

Figure 2 - Cross Section 750N showing GRDD038 and the 2020 resource model blocks and Au (ppm) .

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Drilling Progress

Amani has now completed 4 of the 8 diamond drillholes planned at the Kebigada deposit with the Company is currently completing drilling of hole GRDD040.

The goal of the diamond program is to test the continuity of identified mineralization along strike and down dip of the Kebigada
personaluse only
Central Ore Body confirmed in previously drilled diamond holes and depth extensions of broad mineralized zones within the
Kebigada Eastern Ore Body that were outlined in previous RC drilling completed in 2017.
For	200m

Figure 3 - Map of Completed and Planned Diamond Holes .

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About Giro Gold Project

The Giro Gold Project comprises two exploration permits covering a surface area of 497km² and lies within the Kilo-Moto Belt of the DRC, a significant under- explored greenstone belt which hosts Randgold Resources' 17 million-ounce Kibali group of deposits within 35km of Giro. The nearby Kibali Gold Project produces

onlymore than 600,000oz gold per annum.

The Giro Gold Project area is underlain by highly prospective volcano-sedimentary lithologies in a similar structural and lithological setting as the Kibali gold deposits. Both primary and alluvial gold was mined from two main areas, the Giro and Tora areas, during Belgian rule and today. Giro Gold Project global resource for Kebigada and Douze Match deposits exceeds 4.4Moz contained gold; with a total Indicated and Inferred Mineral Resource Estimate of 132Mt @ 1.04g/t Au, for 4.4Moz gold (0.5g/t Au cut-off grade). The Kebigada resource followed diamond core drilling results which successfully targeted deeper high-grade sulphide

useassociated gold mineralisation within the central core of the Kebigada deposit. Drillholes GRDD034 and GRDD035 are 240m apart and both outlined high-grade gold mineralisation deeper than previously intersected at the Kebigada deposit. These gold assay results and the current Kebigada MRE indicate the potential for the Kebigada deposit to substantially grow via targeted deeper drilling along the entire strike of the orebody.

personalFor

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Figure 4 - Map of Giro Gold Project, showing Kebigada and Douze Match deposits, tenement, surface geology, prospect locations and diamond core drillholes GRDD034 and GRDD035 (Green) .

Figure 5 - Map of Haute Uele Province of the Democratic Republic of Congo, showing the location of the Kebigada and Douze Match gold deposits and tenement, Giro Gold Project.

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