Mr. Martin Pawlitschek reports

SANU GOLD PROVIDES CORPORATE UPDATE

Sanu Gold Corp. is reviewing the company's accomplishments in 2023 as it advances its Bantabaye, Diana and Diguifara gold exploration permits in Guinea, West Africa.

2023 Bantabaye highlights

New near-surface high-grade gold discovery:  First drilling returned 11.4 grams per tonne gold over 15 metres, including 41.2 g/t Au over four m.

Positive test work:  Initial cyanide leach results averaged 92-to-93-per-cent gold recovery and highlight potential for recovery by conventional methods.

Next phase of work under way:  Geophysics, surface sampling, trenching and mapping in advance of follow-up drilling in the first quarter of 2024.

2023 corporate highlights

Well financed to continue to drive discovery in the world's No. 1 gold mining region:  Successfully raised $6.45-million in two fully subscribed non-brokered private placements.

Solid shareholder base:  Significant ownership by insiders, founders, institutions and high-net-worth investors.

Achieving ownership milestones:  Increased ownership of all permits to 75 per cent via exploration expenditures.

Martin Pawlitschek, president and chief executive officer, commented: "As we move into the new year, I would like to take the opportunity to look back at Sanu Gold's accomplishments in 2023. At our flagship Bantabaye project in Guinea, West Africa, our exploration efforts paid off with a high-grade grassroots discovery, with the second hole ever drilled on the property returning 11.4 g/t Au over 15 m, including 41.2 g/t Au over four m. This discovery is open in all directions and is just one of several high-priority targets we are back on the ground following up on. The next phase of exploration at Bantabaye began in late 2023, with surface work and ground geophysics well under way in advance of follow-up drilling planned to begin later this quarter. The initial results from the geophysical survey are highly encouraging. We are seeing a good chargeability and coincident resistivity anomaly over the high-grade target 2 discovery and strong similarities to the signature of major deposits in the region.

"Although 2023 was a year that saw record gold prices, it was also a challenging one for junior explorers. Despite capital markets being essentially closed to many of our peers, Sanu Gold was successful both in raising capital and attracting new institutional and high-net-worth investors. I would like to take this opportunity to thank our loyal shareholders, with their support and a strong treasury, the company is well positioned to continue to drive discovery in a highly prospective and underexplored part of the world's No. 1 gold mining region," continued Mr. Pawlitschek.

About Bantabaye

Sanu Gold's flagship Bantabaye project lies on the western margin of Guinea's prolific Siguiri basin, approximately 50 kilometres south of the multimillion-ounce Lefa gold mine and 80 km north of the multimillion-ounce Bankan gold project, one of the most significant new gold discoveries in West Africa in recent years.

In the first quarter of 2023, the company completed an inaugural drill program at Bantabaye, comprising 3,198 m in 28 reverse circulation drill holes. This work provided an initial test of three of 10 target areas and resulted in a near-surface, high-grade discovery at target 2, with 11.4 g/t Au over 15 m, including 41.2 g/t Au over four metres starting at 36 m downhole.

In Q3 2023, the company conducted a rock chip and channel sampling program at target 7, within a 700 m long area extensively worked by small-scale artisanal miners located 1.4 km east of target 2. Channel sampling of mineralized exposures returned 1.2 g/t Au over 40 m, including 5.4 g/t Au over four m and 1.1 g/t Au over 43 m, including 4.2 g/t Au over six m; both channels were continuously mineralized along their length and ended in mineralization. Rock chip samples returned up to 189.7 g/t Au (see Sanu Gold news releases dated Sept. 6 and 12, 2023).

Positive initial cyanide leach test results completed in Q4 2023 returned 92-to-93-per-cent average gold recoveries from the main mineralized rock types drilled in the inaugural program, demonstrating highly favourable gold recoveries may be achieved with cyanide leaching (see Sanu Gold news release dated Nov. 16, 2023).

In Q4 2023, the company announced the commencement of a ground geophysics program with up to 90 line km of gradient array induced polarization/resistivity, up to nine line km of pole-dipole array IP/resistivity and up to 90 line km of ground mag planned. Preliminary results show a zone of elevated chargeability and resistivity coincident with target 2 and extending for at least 300 m to the west of the area drilled and a similar distance to the east (see Sanu Gold news releases dated Dec. 12, 2023, and Jan. 3, 2024). This survey is continuing and additional results will be reported when received and interpreted. The primary objective of this work is to refine target definition for follow-up drilling, which is planned to commence later in Q1 2024.

About Sanu Gold Corp.

Sanu Gold is a publicly traded exploration company focused on a portfolio of highly prospective gold projects in Guinea, West Africa's Siguiri basin.

West Africa is the No. 1 gold mining region in the world and Guinea's Siguiri basin is a prolific, yet underexplored part of this region. Despite being home to both long-lived multimillion-ounce gold mines and recently commissioned gold mines, Guinea's Siguiri basin continues to produce important new gold discoveries.

Sanu Gold has defined multikilometre-long gold-bearing structures on each of its three exploration permits and is targeting near-surface multimillion-ounce gold discoveries. Initial drill programs on the first two permits drilled have yielded high-grade gold discoveries. The company is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting across West Africa.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, PhD, MSc, a member (MAIG) of the Australian Institute of Geoscientists (AIG), exploration manager of the company and a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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