Predictive Discovery Limited reported assay results from 8 holes for 4,322m of resource definition drilling at the Bankan Gold Project in Guinea. Extensive resource definition drilling is ongoing at Bankan in line with PDI's strategy to increase the size and improve the classification of the current Mineral Resource estimate. Drilling results in this announcement are from diamond ("DD") drilling at the NEB deposit, and include a total of 8 holes for 4,322m.

Best results reported in this announcement include: BNEDD0186:32m @ 5.92g/t from 471m, incl 18m @ 8.75g/t from 484m; BNEDD0192: 44m @ 3.64g/t from 451m, incl 8m @ 11.52g/t from 461.3m; BNEDD0190: 48m @ 2.88g/t from 457m, incl 13m @ 6.13g/t from 484m; BNEDD0185: 12.85m @ 6.02g/t from 601.4m 19m @ 2.17g/t from 632m, incl 2m @ 13.85g/t from 635m; BNEDD0188: 61m @ 2.15g/t from 143m, incl 3.6m @ 7.72g/t from 156m; BNEDD0184: 22.85m @ 1.78g/t from 499.15m 15m @ 1.92g/t from 603m; BNEDD0189:10m @ 2.66g/t from 247m The excellent results in holes BNEDD0186, BNEDD0192 and BNEDD0190 intersected the high-grade shoot in the bottom half of the resource pit shell, where the Open Pit Mineral Resource is currently classified as Inferred. These results confirm the improving grade profile of the deposit at depth and support the higher relative grade of the Inferred Open Pit Mineral Resource (2.23g/t). Deep drill hole BNEDD0185 intersected high-grade gold between the base of the pit shell and the current Underground Mineral Resource, extending the defined mineralisation in this area and illustrating upside potential to the current Underground Mineral Resource estimate.

The southern-most cross section presented shows new results reported for BNEDD0184, BNEDD0185 and BNEDD0187. BNEDD0185 is the deepest intercept on section and hosts 12.85m @ 6.02g/t from 601.4m on the main shear zone ("STMZ"). On section, this intercept is 105m down-dip from the resource pit shell and 50m up-dip from the current boundary of the Underground Mineral Resource.

BNEDD0185 also hosts secondary intercepts of 19m @ 2.17g/t from 632m and 6.4m @ 2.22g/t from 684.8, which is on the footwall splay ("FW Splay") and links down-dip into 16m @ 6.14g/t in BNEDD0129W2. The intercepts in BNEDD0185 are beginning to bridge the gap between base of the pit shell and the sub-pit shoots on STMZ and FW Splay, and therefore illustrate upside potential to the current Underground Mineral Resource of 335Koz @ 4.75g/t. Both STMZ and FW Splay shoots remain open at depth on cross section and long section. BNEDD0184 hosts 22.85m @ 1.78g/t up-dip on the STMZ on the mafic-tonalite contact ("MTC").

BNEDD0187 hosts 6.4m @ 1.27g/t on the STMZ. This section hosts two of the best reported intercepts, with 32m @ 5.92g/t from 471m including 18m @ 8.75g/t from 484m in BNEDD0186 and 48m @ 2.88g/t from 457m including 13m @ 6.13g/t from 463m in BNEDD0190. These intercepts are adjacent and hosted on the STMZ in an area of Inferred Mineral Resource, infilling a gap between 54m @ 3.62g/t from 511m in BNERD00994 and 38m @ 2.55g/t from 456m in BNEDD0120.5 Section 1174980N hosts BNEDD0192 which reported 44m @ 3.64g/t from 451m including 8m @ 11.52g/t from 461.3m.

BNEDD0192 intercepted the main STMZ shoot 90m down-dip from BNERD0093 which reported 35.7m @ 6.08g/t from 397.3m including 5.5m @ 25.57g/t from 400m and 2m @ 20.55g/t from 409m. The Mineral Resource in this area is currently classified as Inferred. Additional holes are in progress or have assays pending to infill the drilling pattern towards the bottom of and below resource pit shell.

Section 1175260N hosts 61m @ 2.15g/t from 143m including 3.6m @ 7.72g/t from 156m in BNEDD0188, which is 50m down-dip from an early intercept of 55m @ 2.94g/t from 97m in KKODD011. BNEDD0188 is in the part of the deposit where the Mineral Resource is already classified as Indicated. BNEDD0189 hosts 10m @ 2.66g/t in the deepest hole on this section, extending the mineralisation below the current resource pit shell.

Further step-down drilling will be considered as a follow-up based on new positive surrounding results. There are currently six active DD rigs focused on resource definition drilling in line with the Company's strategy to further increase the size and improve the classification of the 4.2Moz Mineral Resource. 8 Infill drilling within the pit shell will continue to be a key focus to enable the majority of the NEB Open Pit Mineral Resource to be upgraded to Indicated during 2023, which is crucial to support the Scoping Study mine plan and future permitting discussions with the Government of Guinea.

The Scoping Study and ESG studies are on track to be completed by late 2023. One DD rig is focused on deeper resource extension drilling of the current Underground Mineral Resource estimate of 335Koz @ 4.75g/t (Inferred). There is upside potential to continue extending the boundaries of mineralisation defined by drilling to date, and up-dip towards the base of the optimised resource pit shell.

The Underground Mineral Resource also remains open at depth below hole BNERD0113 (24m @ 5.5g/t from 850m, including 11m @ 10.3g/t from 852m). Resource extension drilling is also planned around the northern resource pit shell which is open along strike and at depth, and at the BC deposit which is open at depth and in all directions. PDI strengthened its exploration team in late 2022, including the appointment of a dedicated regional head geologist, to support an increasing focus on near- resource and regional exploration, where there is potential to discover other major gold deposits.

Geophysics surveys, including gradient array induced polarisation surveys, have commenced on the northern Argo ("AG") permit at targets located 15-20km north of NEB along the highly prospective structural trend. RC drilling of select targets is planned to commence immediately following receipt of the geophysics results. Additional near-resource exploration will continue at identified targets near the NEB and BC deposits.