Sylla Gold Commences Phase 2 Drilling at Niaouleni Gold Project

Sylla Gold Corp. (TSXV: SYG) (OTCQB: SYGCF) ("Sylla" or the "Company") is pleased to announce that Phase 2 reverse circulation (RC) and air core (AC) drilling operations has commenced drilling on its Niaouleni Gold Project ("Niaouleni") in southern Mali (Figure 1).

The purpose of the Phase 2 drilling program is to:

Complete step out drilling from previous high grade drilling intercepts
Expand the mineralized footprint of Niaouleni South target to both the north and south.
Further define the structural geometry of the interpreted Kobada Shear extension on the property

The planned drilling program is comprised of approximately 1,600 m of AC drilling followed by 2,330 m of RC drilling along several drill fences. The drilling is designed to expand the footprint of mineralization at Niaouleni South and further test adjacent geochemical anomalies.

Regan Isenor, President and CEO of Sylla commented, "We had great success in our maiden 2022 drilling program establishing numerous thick, high-grade gold intercepts and developing a better understanding for the structure and mineralization within the Kobada Shear. Our technical team has designed this next drilling program to rapidly expand the area of gold mineralization at the Niaouleni South target, through step outs to both the north and south."

Niaouleni Project

The Niaouleni Project is 17,200 hectares size and accessible by paved highway and includes extensive artisanal mining activity within the interpreted extensions of gold bearing structures. Niaouleni is strategically located roughly 3km south of Toubani Resources Kobada deposit within the emerging Niaouleni-Kobada-Sanankoro Corridor (Figure 2). Sylla Gold's maiden drilling program was completed between April and July 2022 and included 57 reverse circulation (RC) drill holes (7,305 m) and 212 air core (AC) drill holes (10,600 m) completed along several drill fences. These drill holes targeted the Niaouleni South, Lebre Plateau and Kankou Moussa prospects along the Kobada Shear, and the Gouingouindougou target located on the Gosso Shear. These targets were all previously defined by termite mound and soil geochemistry results. Assay results from the RC and AC drilling programs were released by the Company in news releases dated August 29, 2022, September 13, 2022, and October 4, 2022. Significant assay highlights from the 2022 drilling program include 5.17 g/t Au over 25 m from drill hole NSRC22-018 and 2.13 g/t Au over 25 m from drill hole NSRC22-027

Further information on the Niaouleni Gold Project is available in the Company's NI 43-101 technical report on the Niaouleni Project with an effective date of September 28, 2021, and available on the Company's SEDAR profile at www.sedar.com.

Figure 1: Map of the Niaouleni Gold Project in southern Mali

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6472/152031_9387a3760420f907_001full.jpg.

Figure 2: Niaouleni-Kobada-Sanankoro-Corridor

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6472/152031_9387a3760420f907_002full.jpg.

The Company also announces that is has entered into an investor marketing campaign agreement (the "Agreement") with Struthers Consulting and Market Report ("RSC") effective January 15, 2023. During the 12-month term of the Agreement, RSC will introduce the Company to RSC's audience of educated, active investors. RSC does not provide Investor Relations or Market Making services. RSC will receive a fee of $10,000 plus applicable taxes for the 12-month agreement. RSC is an arm's length party to the Company, and both are unrelated and unaffiliated entities. There are no performance factors contained in the Agreement and no stock options or other compensation are being granted in connection with the Agreement.

Cautionary Statements

This news release contains scientific and technical information with respect to adjacent or similar mineral properties to the Niaouleni Project, which the Company has no interest in or rights to explore. Readers are cautioned that information regarding mineral resources, geology, and mineralization on adjacent or similar properties is not necessarily indicative of the mineralization on the Niaouleni Project.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Gregory Isenor, P.Geo., Director of Sylla Gold Corp. who is a Qualified Person as defined in NI 43-101.

About Sylla Gold

Sylla Gold Corp. (TSXV: SYG) is a Canadian junior gold exploration company focused on the exploration and acquisition of gold properties in West Africa including Mali, and adjacent to known gold deposits.

For more information, please contact:

Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: risenor@syllagold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 Company's management's discussion and analysis as filed under the Company'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 Company 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 Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/152031

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Sylla Gold TSXV:SYG Precious Metals Investing

SYG:CA

Sylla Gold Amends Share Purchase Agreement to Acquire District Scale Land Package in Namibian Gold Belt

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Not for distribution to United States newswire services or for dissemination in the United States.

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Symbol	Tier	Company	Failure to File	Period Ending (Y/M/D)
AALI	2	ADVANCE LITHIUM CORP.	Annual audited financial statements for the year.	2023-05-31
			Annual management's discussion and analysis for the year.	2023-05-31
			Certification of annual filings for the year.	2023-05-31

Symbol	Tier	Company	Failure to File	Period Ending (Y/M/D)
DGTL	2	DGTL HOLDINGS INC.	Annual audited financial statements for the year.	2023/05/31
			Annual management's discussion and analysis for the year.	2023/05/31
			Certification of annual filings for the year.	2023/05/31

Insider / Pro Group Participation:

Placees	# of Placee (s)	Aggregate # of Shares

Aggregate Existing Insider Involvement:	1	400,000
Aggregate Pro Group Involvement:	2	533,339

Non-Arm's Length Party / Pro Group Participation:

Creditors	# of Creditors	Amount Owing	Deemed Price per Share	Aggregate # of Shares

Aggregate Non-Arm's Length Party Involvement:	5	$ 724,324.57	$0.07	10,347,494
Aggregate Pro Group Involvement:	N/A	N/A	N/A	N/A

Insider / Pro Group Participation:

Placees	# of Placee (s)	Aggregate # of Shares

Aggregate Existing Insider Involvement:	3	3,350,000
Aggregate Pro Group Involvement:	1	500,000

Hole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Cu (%)	AuEq (g/t) ¹	ZONE
	87.0	87.8	0.8	0.144	16.9	0.20	0.522
	124.2	144.7	20.5	0.512	1.7	0.00	0.481
incl	138.0	143.2	5.2	1.413	1.0	0.00	1.283
	151.4	152.3	0.9	1.300	5.8	0.01	1.232
CR-24-001	214.0	220.0	6.0	0.040	3.5	0.11	0.198
	239.3	241.3	2.0	0.465	34.3	0.40	1.196
	265.6	267.0	1.4	0.100	12.9	0.07	0.293
	328.5	330.6	2.1	0.469	28.1	0.19	0.910
	347.3	348.3	1.0	0.370	32.6	0.16	0.824
CR-24-002	20.0	21.0	1.0	0.280	10.1	0.02	0.366
	276.8	281.5	4.7	0.190	4.8	0.00	0.221
	13.9	33.0	19.1	0.394	9.9	0.39	0.887	Green Manalishi
CR-24-003	76.0	90.0	14.0	0.097	21.9	0.14	0.455	GM2
	96.0	97.0	1.0	0.274	11.6	0.12	0.488
	101.0	102.0	1.0	0.199	7.7	0.11	0.379
	3.0	4.5	1.5	0.367	11.1	0.39	0.872
	12.0	33.0	21.0	0.179	8.4	0.39	0.686	Green Manalishi
incl	20.0	25.5	5.5	0.543	22.1	0.98	1.806	Green Manalishi
CR-24-004	76.3	88.0	11.7	0.016	2.8	0.02	0.065	GM2
	94.5	95.5	1.0	0.165	6.5	0.98	1.319
	118.5	119.5	1.0	0.552	23.6	0.07	0.806
	9.3	32.0	22.7	0.116	3.3	0.19	0.349	Green Manalishi
incl	20.7	25.3	4.6	0.420	6.3	0.46	0.957	Green Manalishi
CR-24-005	96.0	99.0	3.0	0.042	4.6	0.04	0.131	GM2
	140.0	141.5	1.5	0.079	13.9	0.04	0.253
	192.0	193.5	1.5	1.790	30.4	0.00	1.908
	24.0	28.2	4.2	0.031	1.7	0.10	0.152	GM3
CR-24-006	54.0	60.7	6.7	0.097	2.7	0.11	0.242	Green Manalishi
	98.5	100.0	1.5	0.279	12.8	0.03	0.404
	17.0	25.5	8.5	0.141	3.1	0.12	0.297	GM3
CR-24-007	47.7	49.3	1.6	0.161	9.3	0.16	0.417
	56.8	58.3	1.5	5.440	21.1	1.89	7.224	Green Manalishi
	66.7	68.0	1.3	0.048	8.5	0.24	0.394
	12.0	14.0	2.0	0.068	5.0	0.02	0.128
	37.0	44.0	7.0	0.038	12.2	0.02	0.168	GM3
CR-24-008	58.0	76.0	18.0	0.083	2.3	0.06	0.160	Green Manalishi
incl	71.3	76.0	4.7	0.159	6.1	0.17	0.389	Green Manalishi
	86.0	87.0	1.0	2.250	5.6	0.13	2.220
CR-24-009	6.0	26.5	20.5	0.053	4.3	0.05	0.144	GM2

No Hole	UTM Nad83 Zone 9		Elevation (m)	Azimuth	Dip	Length (m)
No Hole	Easting	Northing	Elevation (m)	Azimuth	Dip	Length (m)
CR-24-001	539084	6071504	1910	320	-50	447
CR-24-002	539084	6071504	1910	270	-50	381
CR-24-003	539720	6071515	1847	270	-45	200
CR-24-004	539720	6071515	1847	250	-50	204
CR-24-005	539720	6071515	1847	230	-50	216
CR-24-006	539795	6071509	1826	270	-45	252
CR-24-007	539795	6071509	1826	242	-45	255
CR-24-008	539795	6071509	1826	305	-45	135
CR-24-009	539605	6071520	1851	275	-45	139

Sylla Gold Commences Phase 2 Drilling at Niaouleni Gold Project

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