Sarama Resources Limited reported that recent reverse-circulation ("RC") and air-core ("AC") drilling at the Tankoro Prospect at its South Hound Project in south-western Burkina Faso has returned encouraging intersections across all target areas and has notably confirmed the presence of a 1.8km-long mineralised trend at the Phantom Prospect, immediately along trend from the company's 1.9km-long MM Prospect. Highlights: 1.8km-long mineralised trend confirmed at the Phantom Prospect, immediately north of the MM Prospect; further zones containing multiple significant intersections identified within the Phantom Prospect and in close proximity to the MM Prospect; strong mineralisation encountered in scout drilling approximately 1.2km along strike from the main MM mineralised system. The recent drill programs focused on the Phantom, MM-East, Obi and Dlarakoro prospects, all of which are situated along trend from Sarama's gold discovery at the MM Prospect.

In addition to these prospect areas, drilling targeted zones within the MM Prospect that are interpreted to be parallel to the main mineralisation system. The programs were designed to follow-up significant intersections from previous scout drilling, further test gold-in-soil anomalies and test targets generated from ground-based geophysical surveys recently completed by Sarama. Successful target generation and recent drilling has returned significant intersections across six regional areas: Area A - multiple RC and AC intersections in the central zone of the Phantom Prospect, contained in 12 drill lines covering an interpreted strike length of 1.8km, including 7.0m @ 3.27 g/t Au, 4.0m @ 3.28 g/t Au, 6.0m @ 2.40 g/t Au and 7.0m @ 2.26 g/t Au, with mineralisation being of a similar grade and geometry to that encountered at the MM Prospect, but predominantly presenting as a single lode; Area B - three adjacent RC intersections of 10.0m @ 5.50 g/t Au, 8.0m @ 5.68 g/t Au and 14.0m @ 6.22 g/t Au drilled on a single scout line located in the east of the Phantom Prospect, approximately 750m from the MM mineralisation; Area C - multiple AC intersections in the west of the Phantom Prospect, from a group of four drill lines spanning an interpreted strike length of approximately 500m, including 10.0m @ 5.25 g/t Au, 12.0m @ 2.25 g/t Au, 2.0m @ 7.75 g/t Au (hole ended in mineralisation), 2.0m @ 3.89 g/t Au (hole ended in mineralisation) and 2.0m @ 3.39 g/t Au (hole ended in mineralisation); Area D - two adjacent RC intersections of 14.0m @ 4.99 g/t Au and 21.0m @ 2.50 g/t Au drilled on a single scout line located in the far south of the MM Prospect, approximately 1.2km south-west and along trend from the defined MM mineralisation; Area E - multiple RC intersections over four drill lines striking 1.6km at the MM-East Prospect, including 7.0m @ 4.12 g/t Au, 13.0m @ 1.99 g/t Au, 8.0m @ 1.92 g/t Au and 10.0m @ 1.81 g/t Au; and Area F - multiple RC and AC intersections in scout lines in two distinct areas within the Dlarakoro Prospect including 7.0m @ 3.89 g/t Au, 10.0m @ 2.11 g/t Au and 4.0m @ 2.72 g/t Au.