Mr. James Longshore reports

XTRA-GOLD UPDATE ON KIBI GOLD PROJECT RESOURCE EXPANSION DRILLING

Xtra-Gold Resources Corp.'s exploration team has completed an additional 22 diamond core drill holes totalling 5,181 metres at the company's Orange No. 5 resource expansion target located in Zone 4, approximately two kilometres along trend to the southwest of the currently defined mineral resource estimate (MRE) footprint. The Kibi gold project MRE, with an effective date of Sept. 30, 2024, currently stands at 1,058,200 ounces of gold in the indicated category (27,532,000 tonnes grading 1.20 grams per tonne gold) and an additional 180,700 oz of gold in the inferred category (5,694,000 tonnes grading 0.99 g/t gold), at a 0.5 g/t gold cut-off. The company is awaiting the remaining assay results from the laboratory for the drill program's last holes, with final assay results expected within the next three weeks.

On Feb. 26, 2025, Xtra-Gold reported assay results for the initial six-hole (778-metre) follow-up drill program on the Orange No. 5 resource expansion target, including the following highlights:

• 13.0 metres at 1.46 grams per tonne gold (g/t Au), including 4.0 m at 3.40 g/t Au, from 34 m; and 10.0 m at 1.05 g/t Au, including 4.0 m at 1.81 g/t Au, from 60 m in KBDD24597;
• 29.5 m at 0.73 g/t Au, including 4.5 m at 1.81 g/t Au, from 0.0 m in KBDD24593;
• 13.5 m at 0.65 g/t Au, including 1.5 m at 2.08 g/t Au, from 1.0 m in KBDD24591;
• 9.0 m at 0.41 g/t Au from 22 m; 15.0 m at 0.40 g/t Au from 68 m; 8.0 m at 0.48 g/t Au from 104 m; and 35.0 m at 0.30 g/t Au from 137 m in KBDD24599.

James Longshore, chief executive officer/co-founder, states: "We eagerly await the remaining assay results for this second phase drilling at Orange No. 5. Upon receipt of final assays, our exploration team will immediately commence to develop a preliminary geological model for this emerging resource expansion target. Drilling efforts to date indicate that similarly to the Boomerang MRE body, the Orange No. 5 target consists of a stacked, multishoot gold mineralization system, which bodes well for potential significant resource growth at our Kibi gold project."

About Xtra-Gold Resources Corp.

Xtra-Gold is a Ghana-focused gold exploration company with a substantial land position totalling 226 square kilometres in the Kibi gold belt. The Kibi gold belt is geologically analogous to the neighbouring, world-famous Ashanti gold belt, which is one of the most highly endowed gold belts in the world with estimated global gold resources totalling over 130 million ounces. The company is the best positioned explorer to make the next major gold discovery in Ghana.

Qualified person

Yves P. Clement, PGeo, vice-president, exploration, for Xtra-Gold is acting as the qualified person in compliance with National Instrument 43-101 with respect to this announcement. He has prepared and/or supervised the preparation of the scientific or technical information in this announcement and confirms compliance with NI 43-101.

We seek Safe Harbor.