Mr. Martin Pawlitschek reports

SANU ANNOUNCES ADDITIONAL HIGH PRIORITY GOLD TARGETS FROM GROUND GEOPHYSICS AT THE DAINA EXPLORATION PERMIT IN GUINEA, WEST AFRICA

Sanu Gold Corp. has released positive results from the recent ground geophysics program completed on the company's Daina gold exploration permit, located in the prolific Siguiri basin of Guinea, West Africa.

Highlights:

• Significant target size: Large geophysical trends at Daina 1 North and Daina 2 main zone with anomalies extending over one kilometre in length.
• Anomalies correlate to gold: High-grade gold mineralization exists at these targets were covered by first-pass drilling, with results including:
  • 21 metres of 4.75 grams per tonne Au, including one m of 85.5 g/t Au, in DAI-RC-004 at Daina 2 main zone;
  • 37 m of 1.99 g/t Au, including one m of 32.6 g/t Au, in DAI-RC-001 at Daina 2 main zone;
  • 11 m of 5.50 g/t Au, including one m of 56.6 g/t Au, in DAI-RC-013 at Diana 2 main zone;
  • Nine m of 8.86 g/t Au, including one m of 39.30 g/t Au, in DAI-AUG-1201 at Diana 1 North.
• Anomalies remain open: The gold-correlated induced polarization anomalies extend well away from the areas of first-pass drilling conducted by the company in 2022 and 2023.
• Multiple targets emerging: The geophysical surveys have identified multiple areas of elevated chargeability and resistivity which require additional follow-up.

Martin Pawlitschek, president and chief executive officer of Sanu Gold, commented: "Systematic application of proven exploration tools, now including ground geophysics, namely induced polarization continues to provide improved definition of our known prospects, which will guide future drill targeting. We are particularly excited about the significant strike lengths of geophysical features associated with our known zones of gold mineralization; this is particularly important since most of the features are open along strike, the surveys having been designed to evaluate the response of IP on the Daina project and its usefulness for future drill testing, and to help keep the permits in good standing."

Program summary

The ground geophysical survey program consisted of 21 line km of 200 m spaced and east-west-oriented gradient induced polarization (IP) lines. Four blocks have been completed covering all priority targets, including Daina 1 South, Daina 1 North, Daina 2 main zone and Daina 6 within the Daina project.

The survey was completed by SAGAX Afrique of Ouagadougou, Burkina Faso, using the IP method. SAGAX is well experienced in these types of surveys over many other deposits in the region. This release reports on the results from the Daina 1 North and Daina 2 targets.

The objective of this ground geophysical survey program was the detection and delineation of geophysical rock property contrasts (chargeability and resistivity) and structure which may indicate favourable zones for gold mineralization in the covered target trends and help with further assessing the potential of the targets for future drill testing. The results of this program show that the IP surveys delineate distinct features that help map the mineralized zones and that there is significant undrilled strike potential at Daina 2 and Daina 1 North.

Daina 1 North

The program consisted of six east-west-oriented lines, totalling 6.3 line km of 200 m spaced of gradient array IP/resistivity. The survey defined the presence of a resistivity trend extending for over one km in a north-south orientation. High-grade gold mineralization has been intercepted in an auger hole close to this anomaly in DAI-AUG-1201: nine m of 8.86 g/t Au, including one m of 39.30 g/t Au (see Sanu Gold news release dated July 29, 2022). Scout reverse circulation drilling in DAI-RC-040 returned 7.45 gt/t Au over one m (see Sanu Gold news release dated Oct. 18, 2022). There are also extensive surface artisanal gold workings some of which align with the trend delineated in geophysics.

Daina 2 main zone target

The program at this target consisted of five east-west-oriented lines, totalling 5.5 line km of 200 m spaced of gradient array IP/resistivity. The IP and resistivity surveys completed at Daina 2 aimed at identifying the northern and southern extension of fault structures and chargeable and resistive bodies, which can be correlated with previous mineralization intercepted at Daina 2 main zone including:

• 21 m of 4.75 g/t Au, including one m of 85.5 g/t Au, in DAI-RC-004;
• 37 m of 1.99 g/t Au, including one m of 32.6 g/t Au, in DAI-RC-001;
• 11 m of 5.50 g/t Au, including one m of 56.6 g/t Au, in DAI-RC-013l
• 10 m of 1.1 g/t Au, including one m of 6.6 g/t Au, in DAI-RC-040.

The results from this survey have defined a large IP resistivity trend which extends north-northwesterly and south-southeasterly ward for just under one km and is centred on the Daina 2 main zone. The trend follows the strike of known gold mineralization that is characterized by high-sulphide (pyrite and arsenopyrite) content and systems of quartz veinlets associated with greywacke rocks that host the gold mineralization.

Previous observations on rock chips, auger samples and RC holes and exposed saprolite in artisanal pits indicate that the gold mineralization is contained in a strongly fractured and hydrothermally altered coarse-grained greywacke that is crosscut by numerous sheeted quartz vein systems and boxwork after oxidized, disseminated sulphide. These quartz vein systems and boxwork after oxidized, disseminated sulphide in fractures and breccia zones provide favourable sites for gold mineralization and are the main targets for artisanal miners at Daina 2 main zone target. The extent of the surface artisanal gold workings at Daina 2 largely overlap with the resistivity trend.

Next steps

While the company is focused on preparing the for the drilling program at Bantabaye, it will in parallel evaluate and progress the key targets on its other properties for future drill testing. The results from the Daina geophysical surveys have been very useful, establishing that extensive, and as yet open, trends in the IP are associated with the known gold anomalies and mineralization. These trends have only been drill tested in very limited locations, where in most cases the limited drilling has returned encouraging results.

Quality assurance/quality control (QA/QC)

Sampling was completed following industry best practices, conducted under the supervision of the company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. An appropriate number and type of certified reference materials (standards) and blanks totalling 5 per cent of the total number of samples shipped to the laboratory were inserted approximately every 20th sample to ensure an effective QA/QC program was carried out. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. All samples were analyzed using fire assay FAA505 at the SGS laboratory in Bamako, Mali. SGS is an internationally recognized and commercially certified laboratory and is independent of Sanu Gold.

The company is being advised on the IP survey by in3D Geoscience, an independent geophysical consulting firm based in British Columbia. The data collection survey is subject to standard contractors' protocols including:

• Daily checking of equipment;
• Signal/noise ratio monitoring;
• Checking of extreme readings;
• Verification of equipment locations;
• Monitoring of measurement cycles;
• Data are checked at the end of each day by a team at the SAGAX head office.

Sanu's geophysicists and SAGAX regularly review and discuss the progress of the work, program adjustments, data quality and modelling parameters.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Dr. 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.

The technical information with respect to the geophysical data contained in this press release has been reviewed and approved by Todd Ballantyne, PGeo, a member of Engineers and Geoscientists of British Columbia, independent geophysical consultant (through in3D Geoscience) to the company, and a qualified person within the meaning of National Instrument 43-101.

About Sanu Gold Corp.

Located within the world-class Siguiri basin, host to several operating mines, Sanu is exploring three high-quality gold exploration permits in Guinea, West Africa, targeting multimillion-ounce gold discoveries. The company has defined multikilometre-scale gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets. Sanu is operated by a highly experienced team with successful records of discovery, resource development and mine permitting.

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