Alma Gold Announces Acquisition of Exploration Licences in Dialakoro Region of Northeast Guinea

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") is pleased to announce that it has recently acquired three exploration licences or "Autorisation de Reconnaissance" near the town of Dialakoro in the Mandiana Prefecture in northeast Guinea (the "Dialakoro Project"). A fourth exploration licence located 30 km to the south is still pending and expected to be granted by the Guinea government shortly (Figure 1).

These four exploration licences are located within the Upper Birimian to Lower Tarkwa Group of sedimentary rocks of the world-class orogenic gold producing district known as the Siguiri Basin in northeast Guinea. The Dialakoro Project is considered an extension of the Niaoulini - Kobada - Sanankoro gold-hosted regional structural corridor crossing the Guinea-Mali border. Combined, these four exploration licences total approximately 314 km² in size.

Gregory Isenor, President and CEO of Alma Gold commented, "I would like to thank our exploration team based in Guinea, Mali, and Montreal for successfully acquiring these new exploration licences for Alma Gold. This is the culmination of several months of hard work and discussions with the Guinean government representatives and local communities to update them on our planned exploration activities in northeast Guinea. Part of this process included organizing a delegation of Guinean and Malian government representatives to complete a mission to the area of the Guinea - Mali border to firmly identify the border so no confusion exists with the local communities and artisanal miners in the region. It is extremely important to seek all possible cooperation of local communities and conduct all exploration activities with proper oversight. Our immediate plan is to commence prospecting and termite mound sampling on these exploration licences to identify priority gold anomalies for follow-up drilling."

Dialakoro Project Details

The Dialakoro Project is comprised of three exploration licences or "Autorisation de Reconnaissance" located immediately southwest of the Guinea-Mali border and one pending licence located 30 km to the south. The three northern exploration licences occur adjacent to significant geochemical anomalies identified on the Niaouleni licence owned by Sylla Gold.

In addition, on the pending southern exploration licence to the south, which is transected by a north-south shear zone, previous operators noted significant soil geochemical anomalies (Figure 1).

Figure 1: Location of Dialakoro Project in northeast Guinea

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9141/168962_f59dca8304e12bc6_001full.jpg

Under the Guinean Mining Code, an "Autorisation de Reconnaissance" is considered the first stage in exploration licencing and is valid for up to six months giving the owner the exclusive right to complete exploration activities on a property. Types of exploration activities during this initial grassroots phase include prospecting, geophysics, or geochemical surveys with the goal to discover gold mineralization within the licence areas. The three new exploration licences cover the Guinean extension of a Malian regional corridor known as the Niaoulini - Kobada - Sanankoro Corridor. This prominent corridor includes at least four local inferred structural corridors identified based on the interpretation of the structural links between:

the local artisanal activities in the region,
known economic gold deposits in the region (i.e., Kobada and Cora deposits),
the adjacent Niaoulini Gold Project (Sylla Gold) and a small artisanal exploitation on the boundary limit.

Several local inferred structural corridors have a strong correlation with a regional shear zone depicted on the geoscientific map of Guinea.

Up until recently, the area covering these new exploration licences, granted to Alma Gold, were exclusively reserved for artisanal (orpailleur) mining activities. However, the Guinean government has granted these particular licences for the first time. Using high-definition satellite imagery, the Alma Gold exploration team precisely marked the location of the Guinea-Mali border and any artisanal activities within the licence areas. This was done in order to aid its planned exploration efforts and to provide this information to the local community and artisanal miners in the region.

Alma Gold's immediate plan is to complete the acquisition of the remaining exploration licence, and completing a program of prospecting, mapping and termite mound sampling. Following these activities, the next step would be to perform air core (AC) or reverse circulation (RC) drilling to assess the presence of gold. Updates on our progress will be released once available.

Alma Gold's other exploration project in Guinea consists of the Karita West Project. An update on the Karita West project including a summary of adjacent exploration activity in the area is in process.

Figure 2 shows the position of Dialakoro and Karita West projects in West Africa.

Figure 2: Map of Alma Gold's Guinean exploration projects in West Africa

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9141/168962_f59dca8304e12bc6_002full.jpg

Photos of Artisanal Mining Activities at Dialakoro

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9141/168962_f59dca8304e12bc6_003full.jpg

Qualified Person Statement

All scientific and technical information contained in this news release has been prepared and approved by Jean-Marc Gagnon, P.Eng., MBA, Director and Vice President - Exploration of Alma Gold, who is a Qualified Person as defined by NI 43-101.

About Alma Gold Inc.

Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia. Alma Gold Inc. through its subsidiary Karita Gold Corp. is exploring the Karita West Project and Dialakoro Project in northern Guinea, and owns the Clarence Stream North Gold Project, in southwest New Brunswick, Canada.

For more information on Alma Gold Inc., please visit our website at: https://almagoldinc.com.

On Behalf of the Board of Directors

"Gregory Isenor"

Gregory Isenor
President & Chief Executive Officer
Alma Gold Inc.
Email: gpisenor@karitagold.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Corporation's management's discussion and analysis as filed under the Corporation's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168962

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Alma Gold Closes Debt Settlement

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that it has closed the previously announced debt settlement agreements (the "Settlement Agreements") to settle outstanding debts owed to creditors totaling $404,997.17 which includes outstanding fees owed to management and contractors working for Alma Gold (the "Debt Settlement"). Pursuant to the Settlement Agreements, the Company has issued an aggregate of 4,049,971 Common shares at a deemed price of $0.10 per Common share.

Securities issued pursuant to the Settlement Agreements have a statutory hold period which will expire on August 4, 2024 in accordance with applicable securities laws.

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Alma Gold Announces Debt Settlement

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") announces that it has entered into debt settlement agreements (the "Settlement Agreements") to settle outstanding debts owed to creditors totaling $404,997.17 which includes outstanding fees owed to management and contractors working for Alma Gold (the "Debt Settlement"). Pursuant to the Settlement Agreements, the Company has agreed to issue an aggregate of 4,049,971 Common shares at a deemed price of $0.10 per Common share to settle the debts. Alma Gold anticipates closing the Debt Settlement on or about April 2, 2024.

Securities issued pursuant to the Settlement Agreements will have a statutory hold period of four months and one day in accordance with applicable securities laws.

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Alma Gold Announces Appointment of Jean-Marc Gagnon to Board of Directors

Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Corporation") is pleased to announce the appointment of Mr. Jean-Marc Gagnon to the Corporation's board of directors effective immediately.

Mr. Gagnon has more than 35 years of professional experience in the mining exploration sector. Mr. Gagnon has been involved in the management, evaluation and development of mining exploration projects for gold, mainly in West Africa (Mali, Burkina Faso & Guinea). He has exercised his profession as a country manager, exploration manager and consulting geologist for a number of junior mining companies, including Roscan Gold Corporation, Merrex Gold Inc., Frontline Gold Corporation, Jilbey Gold Exploration Ltd., Ressources Incanore Ltee, EAG Inc. and Gold Star Resources Ltd.

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Freegold Reports 2023 Final Results - Continues to Confirm Western Expansion

Freegold Ventures Limited (TSX: FVL) (OCTQX: FGOVF) ("Freegold" or the "Company") is pleased to report results from the final two holes of the 2023 drill program. The 2023 drill results will be incorporated into an updated mineral resource estimate ("MRE"), which is anticipated to be released later this quarter.

The drilling conducted in 2023 successfully demonstrated the potential for immediate expansion towards the west, with potentially higher grades. It is important to note that the Golden Summit already has a significant gold resource. However, the potential for higher grades at shallower depths to the immediate west is substantial and could significantly alter the overall project economics. Therefore, we are confident that targeting shallower, higher-grade mineralization before undertaking economic studies will unlock even greater value in this project. Drilling is expected to commence shortly.

Hole GS2337 was drilled at an azimuth of 315 ^o to cross the Tolovana Vein swarm extensions to the southwest. The hole successfully intersected various zones of higher-grade mineralization.

HOLE NUMBER	AZIMUTH	Dip	DEPTH (M)	FROM (M)	TO (M)	INTERVAL (M)	AU G/T
GS2336	360	-55	831.3	15.9	31.1	15.2	0.52
				166.1	218.5	52.4	0.59
				257.7	677.3	419.6	0.86
including				308.2	327.7	19.5	4.26
including				308.2	311.2	3	25.3
including				483.1	504.7	21.6	1.09
including				521.8	558.4	36.6	2.86
including				521.8	524.9	3.1	28.8
including				655.9	677.3	21.4	0.75
				708.7	726	17.3	0.86
				758.2	772.4	14.2	1.43
GS2337	315	-50	784.3	260	704	444	0.85
including				341	354.7	13.7	1.21
including				367.8	443	75.2	1.31
including				367.8	369	1.2	20.2
including				506	517	11	2.27
including				552.1	575	22.9	0.94
including				668	704	36	2.01
including				668	671	3	13.45

The width refers to drill hole intercepts; true width cannot be determined due to the uncertain geometry of mineralization

The Tolovana vein swam lies within the three clear and immediate extensional geochemical trends identified: two south-southwest flanking trends and a clear east-west trend. The 2024 drill program will focus on exploring these identified trends.

2023 Drilling Demonstrated:

The potential to further expand the resource along strike to the west within a 1.5-kilometre-long gold-in-soil geochemical anomaly with the potential to increase the overall resource grade at shallower depths;
Defined boundaries of the existing resource and;
Demonstrated the potential for the Saddle Zone to host additional gold and silver mineralization.

Metallurgical work remains ongoing, and further metallurgical test work will be completed during the 2024 program to enhance the Golden Summit Project's overall economics.

A plan map showing the locations of the reported holes and the Section for GS2337 can be found here:

https://freegoldventures.com/site/assets/files/6287/gs2337-section.pdf

https://freegoldventures.com/site/assets/files/6287/gs-plan-04172024.pdf

A sample quality control/quality assurance program has been in place throughout the program. Drill cores were cut in half using a diamond saw, with one-half placed in sealed bags for preparation and subsequent geochemical analysis by ALS Laboratories. Core samples were prepared in ALS's facility using the PREP-31BY package. Each core sample is crushed to better than 70 % passing a 2 mm (Tyler 9 mesh, US Std. No.10) screen. A split of 1kg is taken and pulverized to better than 85 % passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen; a portion of this pulverized split is digested by Four Acid and analyzed via ICP-AES (method code ME-ICP61). Fire Assay analyzes all samples with an AAS finish, method code Au-AA23 (30g sample size) and over 10 g/t are automatically assayed using a FA Grav method, Au-GRAV21. Additional Au screening is performed using ALS's Au- SCR24 method; select samples are dry-screened to 100 microns. A duplicate 50g fire assay is conducted on the little fraction, and an assay is conducted on the entire oversize fraction. Total Au content, individual assays, and weight fractions are reported. Analytical and assay procedures are conducted in ALS's North Vancouver and Reno facilities.

A QA/QC program included laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson , P.Geo. – Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited

Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2023 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.

SOURCE Freegold Ventures Limited

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DRILL HOLE	AZ	DIP	FROM (METERS)	TO (METERS	INTERCEPT METERS	GOLD INTERCEPT GRAMS PER TONNE fire assay
DKL-20-RC-007	350	-60	108	138	30	3.31
			108	128	20	4.83
			108	126	18	5.35
			108	124	16	5.92
INCLUDES			108	110	2	1.175
			110	112	2	1.06
			118	120	2	2.28
			120	122	2	39.6
			122	124	2	1.645

DKL-20-RC-009	360	-45	50	60	10	1.61
INCLUDES			54	56	2	1.6
			52	54	2	4.11
			76	84	8	0.26
			96	104	8	0.21
			108	118	10	0.2
			120	126	6	0.31
			128	136	8	0.24
			140	150	10	0.47

DKL-20-RC-010	360	-45	64	66	2	1.46
			74	82	8	1.89
INCLUDES					2	6.54

DRILL HOLE	AZIMUTH	DIP	FROM	TO	LENGTH	Au g/t
DKL-21-DD-001	0	-60	80	81	1	2.87
			103	135	32	0.75
		INCLUDES	112	135	23	0.95
		INCLUDES	120	135	15	1.01
			123	135	12	1.14
		Includes	129	130	1	2.46
			134	135	1	6.88
			187	194	7	1.46
		INCLUDES	188	189	1	2.03
			190	191	1	4.87
DKL-21-DD-002	0	-50	75.5	77	1.5	1.94
			91	119	28	1.90
		INCLUDES	91	95	4	10.87
			91	92	1	15.10
			94	95	1	17.00
			102	103	1	1.78
			106	107	1	1.09
			110	111	1	1.79
			118	119	1	2.38
			144	145	1	2.04
			154	164	10	1.43
		INCLUDES	156	157	1	10.60
DKL-21-DD-008	360	-60	168	180	12	1.18
		INCLUDES	179	180	1	12.7

Bataa Tumur-Ochir	(Chairman and Chief Executive Officer)
Tserenbadam Duger	(Chief Operating Officer)
Jeremy South	(SVP and Chief Financial Officer)
Byambatseren Tsogbadrakh	(President & Vice President, Finance)

Alma Gold Announces Acquisition of Exploration Licences in Dialakoro Region of Northeast Guinea

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Greg Isenor - President, CEO and Director

James Henning - CFO

Jean-Marc Gagnon - Independent Director

Lauren McCrae - Independent Director

Paul Ténière - Independent Director

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