Sanu Gold Corporation announced that the Company has earned into and acquired a 75% interest in each of the Bantabaye, Daina and Diguifara Gold Exploration Permits (the "Permits") in Guinea, West Africa by acquiring a 75% interest in the Guinean partner companies1 that hold the Permits, under the terms of the underlying agreements, as described in the Company's final prospectus dated June 21, 2022. On each of the Permits, upon completion of a definitive feasibility study ("DFS"), Sanu Gold, through its wholly-owned subsidiary Zirasanu SARLU ("Zirasanu"), has the right to acquire up to an 85% interest in the partner company, by funding a staged work program with key minimum milestones. On a decision to mine on any of the Permits, the partner company would be required to fund its pro-rata share of mine construction or elect to dilute to a 1.5% net smelter return ("NSR") royalty.

Zirasanu, a 100% owned Guinean corporation, now holds a 75% ownership interest in each of MS, NED and RM. The key terms of the underlying agreements with MSE, NED and RM are as follows: Stage 1. As noted in the Company's news release dated September 15, 2022, a 51% interest was earned in each of MSE, NED and MYR by completing a minimum USD 400,000 work program within 18 months of signing the Technical Partnership Agreement. The completion of Stage 1 allowed for Sanu Gold (through Zirasanu) to continue investing in the Permits and completing additional ownership milestones.