Mr. Graham Keevil reports

TAJIRI ENTERS AGREEMENT TO EXCLUSIVELY NEGOTIATE ACQUISITION OF THE YONO GOLD PROPERTY, CONTIGUOUS TO G2 GOLDFIELDS & REUNION GOLD'S ~7.9 MOZ(1) OKO AND OKO WEST DISCOVERIES, GUYANA, SOUTH AMERICA

Tajiri Resources Corp. has entered into an agreement, with a duration of three months, to exclusively negotiate terms for the acquisition of up to a 100-per-cent interest in the strategically located, 1.5-kilometre-by-one-kilometre Yono property, Guyana, South America.

Yono is located centrally within and surrounded by the Oko and Oko West projects of G2 Goldfields Inc. and Reunion Gold Corp. These projects are arguably amongst the best-growing, contemporary gold discoveries with G2 recently attracting a 35-per-cent premium above market placement of $22.05-million, from the world's fourth-largest gold producer Anglo Ashanti and Reunion winning the 2022 Mines and Money Exploration Discovery of the Year Award.

In relation to features of the Oko and Oko West projects as reported in National Instrument 43-101 reports commissioned by both G2 and Reunion the Yono property is:

• 90 metres from the northern end of the pit shell ($1,900 (U.S.) gold price) used to constrain open-pit indicated and inferred (I+I) resources totalling 4.73 million ounces gold within Reunion's Oko West project;
• 600 metres south-southwest of G2's Oko main zone with I+I resources at a four-gram-per-tonne cut-off of 1.2 Moz at 9.13 g/t Au;
• 260 metres west of the Ghanie at its southern end where G2 has declared maiden I+I open-pit and underground resources of 840,000 oz Au at 1.68 g/t. The portion of open-pit constrained resources is contained within an open pit up to approximately 250 m deep.

In addition to its proximity to the surrounding third party drilled prospects and resources, Yono appears independently prospective for gold for the following reasons:

• Artisanal alluvial and colluvial workings are present and source from within Yono;
• Preliminary reconnaissance samples from Yono show visible gold with one grab sample out 14 and three out of five pan concentrate samples exhibiting visible gold;
• Yono appears to occupy the core of a large F2? fold. This structure is inferred on the basis of limited mapping of lithologies and structural measurements together with topographic trends. A mapped S2? foliation within Yono trends approximately 006 to 0012 degrees while in the west of Yono measured primary layering and lithologies trend 036 to 045 degrees and in the east of the property lithologies and measured primary layering trends 348 to 358 degrees;
• Given gold mineralization at the Oko main zone has been variously described by G2 as occupying axial planar shears and/or being hosted at the intersection of late north-south-trending shear zones with northeast-trending and plunging folds, the geological setting of Yono may be favourable to host similarly fold controlled gold mineralization.

Reporting of the results and details of reconnaissance grab and stream sediment samples is expected to be made within the next two weeks.

Details of the Yono exclusivity agreement

Tajiri's Guyana subsidiary Protean Mining Inc. executed an exclusivity agreement with the vendor on April 3, 2024. The vendor, a Guyana-registered company (of which two directors of Tajiri are indirect shareholders), has agreed to grant Tajiri a period of three months in which to exclusively negotiate terms to acquire an interest in the property. During the three-month period the vendor will not seek to encumber or deal the property in any way to any third party and Tajiri may undertake due diligence sampling and other investigations but is required to share the results of such studies with the vendor. Tajiri's interest may take the form of an option, outright acquisition or a joint venture earn-in agreement. The exclusivity period was given for a notional consideration of $1 (U.S.).

Chairman's comment

"The Yono property, though early stage, has a great address central to a rapidly expanding 7.9 Moz gold district. We look forward to the arm's-length directors of the company negotiating an acquisition of Yono with the vendor for the benefit of all our shareholders."

Qualified person

The qualified person under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects for this news release is Dominic O'Sullivan, a geologist, member of the AusIMM, executive chairman of Tajiri, who has reviewed and approved its contents.

About Tajiri Resources Corp.

Tajiri Resources is a junior gold exploration and development company with exploration assets located in two of the world's least explored and highly prolific greenstone belts of Burkina Faso, West Africa, and Guyana, South America. Led by a team of industry professionals with a combined 100-plus years experience, the company continues to generate shareholder value through exploration.

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