Mr. Regan Isenor reports

SYLLA GOLD ANNOUNCES CLOSING OF FULLY SUBSCRIBED PRIVATE PLACEMENT OF UNITS

Further to the press release of Jan. 28, 2026, Sylla Gold Corp. has closed its previously announced non-brokered private placement through the issuance of 46 million units at a price of five cents per unit for gross proceeds of $2.3-million. Each unit is composed of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of five cents per common share for a period of two years from the date of issuance.

The net proceeds of the offering are intended to be used to advance exploration and permitting objectives at the company's Niaouleni gold project and for working capital and general corporate purposes, including, as applicable, the payment of accounts payable and the repayment of loans. More specifically, the proceeds are intended to support the renewal of the company's flagship Deguefarakole licence, including approval of associated work programs, and to facilitate the exercise of option agreements on the remaining three licences within the Niaouleni land package. The consolidation of these licences is expected to enhance the company's ability to advance the district-scale potential of Niaouleni, which is located in the Koulikoro region of southwestern Mali, a well-endowed gold belt proximal to several advanced-stage deposits and development projects.

In connection with the closing of the offering, the company paid aggregate cash finders' fees to certain eligible persons of $47,250 and issued an aggregate of 945,000 finders' warrants, each entitling the holder thereof to acquire one common share at a price of five cents per common share until Feb. 25, 2028.

The offering remains subject to final acceptance of the TSX Venture Exchange. All securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation.

The offering constituted a related-party transaction as defined in Multilateral Instrument 61-101 (Protection of Minority Securityholders in Special Transactions) as an insider of the company subscribed for an aggregate of 200,000 units. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101 as the company is not listed on a specified market and the fair market value of the units being issued to insiders in connection with the offering does not exceed $2.5-million as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related-party transaction at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances to complete the offering in an expeditious manner.

We seek Safe Harbor.