Mr. Regan Isenor of Sylla Gold reports

SYLLA GOLD ENTERS INTO AGREEMENT TO ACQUIRE DISTRICT SCALE LAND PACKAGE IN NAMIBIAN GOLD BELT

Sylla Gold Corp. has entered into a share purchase agreement with Namibia Critical Metals Inc. to acquire four gold-prospective properties encompassing 2,788 square kilometres, located in Namibia within the Central Namibian gold belt. Sylla is to acquire a 95-per-cent interest in Namibia Critical Metals' Namibian subsidiary that owns the rights, title and interest to Grootfontein, Erongo, Otjiwarongo and Kaoko licences.

Regan Isenor, president and chief executive officer of Sylla, commented: "The company is very pleased to acquire such an extensive land package of prospective ground in a truly emerging gold district. The Central Namibian gold belt continues to produce world-class gold operations as well as new discoveries, and we're looking forward to unlocking the value in these licences by applying some of the knowledge gained from the recent discoveries in the district. The licences Sylla is acquiring were assembled in proximity and on strike of significant operating gold mines and recent discoveries in favourable geology conducive to mineralization."

The Namibia project consists of four licence areas:

• Grootfontein -- comprising of two EPLs (exclusive prospecting licences) covering 1,392 square kilometres: The Grootfontein licences are located 80 kilometres northeast of B2Gold's Otjikoto gold mine and 20 kilometres northeast of Osino Resources' Otjikoto East project. A structural interpretation of the entire project area provided a detailed analysis of the area delineating the Grootfontein shear zone and associated second-order and third-order structures considered favourable for gold mineralization.
• Erongo -- covering an area of 263 square kilometres within the Navachab-Ondundu gold trend: There are numerous mineral occurrences within the project area, including at least two gold occurrences. The area has been prospected but not systematically explored. Target areas on the properties include arsenic anomalies of 2.5 kilometres to six kilometres in length. The Erongo project is underlain by the Kuiseb formation, which hosts Osino Resources' Twin Hills project 20 kilometres to the south.
• Otjiwarongo: The Otjiwarongo area covers 150 square kilometres in the heart of the Central Namibia gold belt on strike with key structures of B2Gold's Otjikoto mine.
• Kaoko -- 983 square kilometres and covering a portion of the central part of the Kaoko orogen stretching northward toward Angola: The licence is under application. The Kaoko orogen is remote and largely unexplored.

Terms of the agreement

As consideration for the acquisition, the company shall: (i) issue to Namibia Critical Metals three million common shares at a deemed issuance price of five cents per common share; and (ii) make a cash payment to Namibia Critical Metals of $100,000.

Closing is subject to the satisfaction (or waiver) of a number of conditions precedent, including, but not limited to, receipt of all regulatory approvals and the acceptance of the TSX Venture Exchange. All securities issued pursuant to the acquisition will be subject to a statutory hold period of four months and one day from the issuance thereof, as applicable, in accordance with applicable securities laws.

Qualified person statement

All scientific and technical information contained in this news release was prepared and approved by Gregory Isenor, PGeo, director of Sylla Gold, who is a qualified person as defined in National Instrument 43-101.

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