Sanu Gold Corporation announced positive initial cyanide leach test results from the Company's Bantabaye gold exploration permit in Guinea, West Africa. The Permit, which lies on the western margin of Guinea's prolific Siguiri Basin, is located approximately 50 kilometres ("km") south of the multi-million ounce Lefa Gold Mine and 80 km north of the multi-million ounce Bankan Gold Project. Initial cyanide leach test work (the "Test Work") was undertaken on representative samples from the main mineralized rock types drilled in the Company's inaugural H1/2023 drill program., The Test Work returned average gold recoveries of 92 to 93% from the three rock types tested, including: 93% average recovery from unoxidized mafic rock (range: 91 to 96%), 92% average recovery of unoxidized felsic rock (range: 84 to 95%), 92% average recovery from oxidized felsic rock (range: 86 to 97%; Table 1),.

Results demonstrate highly favorable gold recoveries may be achieved with cyanide leaching. Program Summary. The primary objective of the Test Work was to assess potential gold recovery by cyanide leaching for gold mineralization discovered to date at Bantabaye.

Material for testing was collected from reverse circulation ("RC") drill chip rejects from the Company's H1/2023 Phase 1 RC drill program at Bantabaye, which consisted of 3,198 metres ("m") drilled in 28 RC drill holes. Results from the Phase 1 RC drill program included 11.4 g/t Au1 over 15 m, including 41.2 g/t Au over 4 m (BANT-RC-002). A total of 101 samples encompassing a wide range of gold grades, downhole depths, lithology and intensity of weathering/oxidation state in the three main mineralized rock types drilled were analyzed.

Test Work procedures are summarized below. Table 1 summarizes the grades and recoveries for each of the three mineralized rock types tested. Results from the Test Work indicate comparable recoveries from oxidized and unoxidized material, as well as from felsic and mafic host rock.

No direct correlation was observed between gold grade and recovery.