Haranga Resources : Issia-Buyo Gold Project Update Cote d'Ivoire

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8 March 2022

Infill Soil Sampling Confirms Widespread Anomalous

Gold Concentrations at Issia-Buyo Gold Project -

Cote d'Ivoire

Highlights

• 4,249 gold and multi-element XRF assay results received from infill soil sampling programs covering the Issia-Buyo permit. New results merged with historical data for evaluation, totalling 8,164 soil samples.
• Significant anomalous gold clusters identified at both the Noukpoudou shear zone and Buyo Lake shear zone (Abujar trend).
• Noukpoudou - Extensive north-south trending shear zone yields gold in soil values up to 4.9g/t. Anomalous soil samples (>30ppb Au) average 228ppb Au.
• Buyo Lake - Extensive shear zone extends from the +3.35 Moz. Abujar gold deposit into the Issia-Buyo permit and yields gold in soil concentrations of up to 10g/t. Anomalous samples (>30ppb Au) average 255ppb Au.
• Multi-elementXRF analysis confirms the sampled soil is a direct derivative of the underlying rock and substantiates the detected gold in soil anomalies are indicative of gold mineralisation in the underlying rocks. The XRF results further indicate the gold anomaly coincides with a prospective sheared and carbonate-altered contact between granite and basalt.

Haranga Resource Limited (ASX:HAR) (Haranga or the Company) is pleased to advise it has received assay results for 4,249 soil samples from its infill soil sampling program covering parts of the Issia-Buyo permit in Ivory Coast, West Africa.

The soil samples returned significant gold concentrations, clustered over both the Noukpoudou sheared corridor and Buyo Lake shear zone. Seventy-eight anomalous values (>30 ppb Au) averaged 228 ppb Au and coincide with a sheared contact between granite and basalt near the Noukpoudou village. An additional cluster of anomalous gold values, averaging 255 ppb Au, is located along the Buyo Lake shear zone directly along strike of the +3.35 Moz1. Abujar gold deposit 50 km north-east of the Issia-Buyo permit (Figure 1).

1 Tietto Minerals Limited - ASX release 25 February 2022

This resource comprises 1.86Moz Indicated and 1.49Moz Inferred

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A total of 8,164 samples have been collected to date at Issia-Buyo, 3,915 on a regional 800m by 100m grid and 4,249 infill samples on a follow-up 150m by 150m grid. The regional grid covers the entire permit area (360km2). The recently completed infill grid (90km2) covers four anomalous gold zones. The infill program was designed to further outline gold anomalies initially detected during the regional program (Figure 2).

Reconnaissance field mapping also confirmed the central Noukpoudou shear system, crossing the permit from north-north-east to south-south-west and the existence of alteration and sulphide mineralisation in the sheared basalts.

Further work in the Issia-Buyo permit area will consist of further infill soil sampling and will focus on potential extensions of the Buyo Lake and Noukpoudou shear systems. Two historically surveyed gold in soil anomalies will be covered with soil sampling along a 400m by 50m grid. The total number of soil samples to be taken will be in excess of 6,500 (Figure 3).

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Figure 1: Issia-Buyo Location and Regional Gold Resources

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Figure 2: Regional and Infill Soil Geochemistry Grids

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Figure 3: Soil Geochemistry - Noukpoudou and Buyo Lake Shear Zone