Overview

Gold is a well-respected store of value that builds a strong foundation for any investment portfolio. While commodities are worth considering, investing in a mining company focused on gold allows you to benefit from the company’s growth and rising gold value. West Africa is known for its significant gold mining operations, comprising over 80 percent of Mali’s total exports, making it the fourth largest gold producer in Africa.

The recent discovery of a new gold belt in an underexplored area of Southern Mali has captured the attention of major mining companies, such as Eldorado Gold Corporation (NYSE:EGO) and Agnico Eagle Mines Limited (NYSE:AEM).

The company’s Niaouleni project runs continuously south along Niaouleni-Kobada-Sanankora Corridor, on strike with Toubani Resource’s Kobada Gold Deposit. The Kobada deposit contains a Measured and Indicated Mineral Resource of 61.5 million tonnes (Mt) at 0.86 g/t gold (Au) for a total of 1.71 million ounces (oz) of contained gold, and includes mineral reserves. Additionally, to the north of Toubani within the same corridor is Cora Gold’s Sanankoro Project, which has an Indicated Resource of 16.1 Mt at 1.27 g/t Au for 657,000 oz of contained gold and an Inferred Resource of 8.7 Mt at 0.94 g/t Au for 263,000 oz of contained gold. These significant resource estimates on adjacent properties indicate the blue sky potential of the Niaouleni project as exploration continues on all three.

Sylla Gold recently completed its maiden drilling campaign, which included 6,754 metres of reverse circulation (RC) drilling and an additional 10,600 metres of aircore drilling. Assays from the RC drilling indicated 48 out of 57 holes hit high-grade gold mineralization up to 5.17 g/t over 25 metres. The aircore drilling was used as a first-pass reconnaissance style drilling and identified multiple additional gold targets for follow-up RC drilling.

Sylla’s management and discovery team has already had success in their previous three West African gold projects, such as the Jilbey Gold discovery of the Bissa Hill deposit, the Merrex Gold discovery of the Siribaya and Diakha deposits, and the Roscan Gold discovery of the Kandiole deposit. Major mining companies acquired Jilbey Gold and Merrex Gold after successful exploration. In addition, the management team and technical advisors bring additional exploration in corporate administration, international finance, and geology.

Company Highlights

• Sylla Gold is a Canadian exploration and development mining company focusing on highly prospective assets within Mali, a West African country known for its gold deposits.
• Despite a long gold mining history, Mali still contains underexplored assets that have received little to no exploration using modern technologies and techniques.
• The flagship Niaouleni asset covers 17,200 hectares within the newly discovered Birimian greenstone gold belt, which runs along southwest Mali.
• The company’s Niaouleni asset is adjacent to Toubani Resource’s Kobada Gold Project which contains a Measured and Indicated Mineral Resource of 61.5 million tonnes (Mt) at 0.86 g/t gold (Au) for a total of 1.71 million ounces (oz) of contained gold, and includes mineral reserves.
• The Niaouleni's close proximity to prolific gold discoveries indicates the potential for future discoveries and development.
• Sylla Gold recently completed its maiden drilling campaign, results of which indicate that 48 out of 57 holes intersected high-grade gold mineralization up to 5.17 g/t gold over 25m.
• An experienced management team with a track record of success in West Africa leads the company towards fully exploring its blue-sky gold asset.

Key Project

Niaouleni Gold Project

Sylla Gold’s flagship project covers 17,200 hectares within what appears to be a developing mining camp in southwest Mali. The licences are accessible along maintained roads approximately 128 kilometers southwest of Bamako, Mali’s capital city. The company recently completed its maiden drill campaign and is analyzing drill results.

Project Highlights:

• Promising Exploration Results: The company recently completed its maiden drilling campaign, following up on priority targets identified by completed exploration campaigns. Preliminary results indicated that 48 out of 57 holes intersected high-grade gold mineralization, including:
  • 5.17 g/t gold over 25 m
  • 4.51 g/t gold over 4 m
  • 2.81 g/t gold over 12 m
  • 3.94 g/t gold over 3 m
  • 2.13 g/t gold over 25 m
• Additional Drilling Scheduled: Sylla Gold plans to conduct additional drilling in Q1 2023 consisting of RC drilling to follow up on and expand the Niaouleni South deposit, and the Libre Plateau along with new mineralized targets identified through recent air core drilling.
• Adjacent to an Expanding Project: The project is nearby Toubani Resource’s Kobada Gold project, which contains a Measured and Indicated Mineral Resource of 61.5 million tonnes (Mt) at 0.86 g/t gold (Au) for a total of 1.71 million ounces (oz) of contained gold, and includes mineral reserves.

Management Team

Regan Isenor - President & CEO, Director

Regan Isenor holds a B.A. from Acadia University and a master’s in project management from St. Mary’s University. Isenor has over 14 years of experience in exploration projects worldwide with publicly traded companies involved in the resource sector. Isenor is formerly CEO of MegumaGold Corp., a TSX.V Canadian junior gold exploration company focused on value-oriented exploration within the emerging gold camp of the Meguma Formation in Nova Scotia. Prior to joining MegumaGold Corp. in June 2018, Isenor was involved with various international projects in Turkey (Menderes), West Africa (Burkina Faso, Bissa Hill deposit, Mali Siribaya Gold project), Ireland (Zinc), Northern Ontario, and Nova Scotia. Isenor served as an executive and past president of the Mining Society of Nova Scotia.

J. Francois Lalonde - Chairman

J. Francois Lalonde holds a B.Sc. in civil engineering from Concordia University in Montreal and has been a member of the Order of Engineers of Quebec from 1984 to 2014. Lalonde is an independent consulting civil engineer and has worked for and consulted with multinational engineering and construction companies such as SNC-Lavalin (Canadian company based in Montreal) and Bouygues Travaux Publics (French firm based in Saint-Quentin-en-Yvelines). Lalonde has also participated in international business development for the Quebec firm Pomerleau Construction. He has in-depth knowledge of markets and business acquaintances in Canada, United States, Middle East and Africa, where he most notably participated in large-scale energy, motorway and other infrastructure development and mining projects.

Lalonde is also a director of Stellar AfricaGold Inc. (TSXV:SPX) and Granite Creek Copper (TSXV:GCX). He was formerly a director of Algold Resources LTD. (TSXV:ALG)

Gregory Isenor - Director

Gregory Isenor holds a B.Sc. in geology from Acadia University and is a member of the Association of Professional Geologists of Nova Scotia. Currently, Isenor is an independent director and QP of Roscan Gold Corporation, a company engaged in gold exploration in Western Mali.

Isenor was president, CEO and director (2005 to 2017) of Merrex Gold Inc., up until Merrex was taken over by IAMGOLD Corporation. During that time, Merrex discovered two significant gold deposits in Mali (West Africa): the Siribaya deposit and, with joint venture partner IAMGOLD, the Diakha deposit. To date, these two deposits are estimated to represent a combined resource approaching approximately two million ounces of gold.

Previously, Isenor was the president, CEO and director (2003 to 2005) of Jilbey Gold Exploration Ltd., until Jilbey was acquired by High River Gold Mines Limited. During Isenor's time with Jilbey, he led the team that identified the Bissa gold deposit in Burkina Faso (West Africa), which was placed into production by Nord Gold SE and has a reported resource exceeding 5 million ounces of gold. In addition, from 1979 to 2003, Isenor worked as an independent consulting geologist on mineral exploration projects in Canada, the United States, Australia, New Zealand, Asia and Africa. Isenor founded Jubilee Minerals Inc, to develop the Jubilee zinc deposit and Glencoe Resources Inc. to develop the Glencoe limestone deposit. Both deposits are located in Nova Scotia, Canada.

Darrin Campbell - Director

Darrin Campbell is a chartered professional accountant and certified management accountant with 20 years of executive financial management experience. Campbell is currently the president of Namibia Critical Metals Inc (TSXV:NMI), which is developing the Lofdal Heavy Rare Earth Project under joint venture with Japan Oil Gas & Metals National Corporation (JOGMEC) . Campbell also served as the CFO of NMI from March 2017 to April 2021. Campbell has provided contract accounting and financial services to numerous public and private companies and played key leadership roles in financings and transactions taking companies public onto the TSX-V. From 2013 to 2014, he was the CFO of Ressources Appalaches and was the financial leader bringing into production Nova Scotia's first operating gold mine in over 14 years. Campbell obtained a Bachelor of Commerce from Saint Mary's University in 1996 and is a member of the Chartered Professional Accountants of Nova Scotia.

Jamie Spratt - Director

Jamie Spratt is president at Walmsley Capital Inc. a corporate finance and advisory firm that he founded in 2019. He has 15 years of capital markets experience in equity research and investment banking. Spratt was previously a partner and equity research analyst at Clarus Securities Inc., where he was a key member of a respected mining practice that participated in many equity financings. Spratt started his career in investment banking where he advised on M&A and corporate finance mandates and achieved valuable transaction experience. Spratt has an MBA from the Rotman School of Management, a B.A. in applied economics from Queen's University and is a CFA charterholder. He is a member of the Toronto Society of Financial Analysts.