The Government of Burkina Faso has processed the requisite...

The Government of Burkina Faso has processed the requisite documents to facilitate the grant of the new,full-term Tankoro 2, Kongoroba 2 and Noumousso 2 Exploration Permits the "Permits" and subsequently19issued the invitation to pay the permit issuance fees the "Fees" and the Fees were paid within the requisite10-day timeline.

Following the payment of the Fees, the issuance of an Exploration Permit's arrêté andrelated paperwork is considered to be an administrative process, during which time the Company mayundertake work on the Tankoro 2 Property. Discussions between the Company and the Minister of Energy,Mines and Quarries for the Exploration Permit arrêtés for the Tankoro 2, Kongoroba 2 and Noumousso 2properties remain ongoing. The Company’s understanding of the applicable legal regime in Burkina Fasois that it has a legal entitlement to such arrêtés; however, there is a possibility that special conditionsmay be imposed, or fees levied by the Minister of Energy, Mines and Quarries prior to their issuance.

TheCompany received the arrêté for the Djarkadougou 2 Exploration Permit with no special conditions, thispermit was granted in August 2021 and the arrêté was received in January 2023. The property hostingthe Tankoro and Bondi Deposits respectively, were formerly known as Tankoro and Djarkadougou, buthave been renamed as part of the process of re-issuing the respective Permits.