Sanu Gold Discovers High Grade Zone Returning 51m of 3.1 g/t Au at Daina Permit While First-Ever Drill Program at Diguifara Permit Confirms Wide Mineralization

Vancouver, January 21, 2025 - Sanu Gold Corp. (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") is pleased to announce that it has identified a new high-grade zone at its Daina permit (Figure 1) while the first-ever drill program at its Diguifara permit confirmed wide mineralization, both located in the prolific Siguiri Basin of Guinea, in West Africa.

The latest drill program commenced in October 2024, following the close of the strategic investment from AngloGold Ashanti plc ("AngloGold Ashanti"). Since then, a total of 6,074 meters were drilled across 8 targets located on the Daina and Diguifara permits, comprising 78 Air Core ("AC") and Reverse Circulation ("RC") holes, as shown in Figure 1 below, with highlights provided below:

Daina target exploration highlights:

• Daina 2 South target: New discovery as recent drilling campaign identified a new high-grade zone, which is located 4km long trend of the Daina 2 Main Zone target, with 51m at 3.11 g/t Au from 6m, including 5m at 20.0 g/t Au in hole DAI-AC-021.

  • Open along strike as mineralization in hole DAI-AC-021 begins only 6m down hole and occurs 1km southeast along strike from the Daina 2 discovery holes.

  • Open at depth as hole DAI-AC-021 ended in mineralization (1 m at 57.3 g/t Au) .

  • Further follow-up drilling planned as Daina 2 has to date only been tested by shallow and very widely spaced holes.

• Hosts a high-grade gold discovery which spans over 10km along strike, located contiguous to properties owned by AngloGold Ashanti, along the same trend.

• Daina 2 Main Zone target: Previous drilling confirmed high grade mineralization with intercepts of 15m at 5.48 g/t Au; 21m at 4.75 g/t Au; 37m at 1.99 g/t Au; and 11m at 5.50 g/t Au.

Figure 1: Daina 2 trend, drill hole surface plan and highlight results from 2024 program
(light colored text boxes) as well as highlights from 2022 and 2023 RC drilling (dark background text boxes).

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Diguifara target exploration highlights:

• Located 20km from the Siguiri gold mine which is owned by AngloGold Ashanti (Figure 2).

• First-ever drill program confirmed persistent, wide mineralization on all there target, with intercepts of up to 40m at all three targets including 34m of 0.55 g/t Au including 4m of 1.5 g/t Au (DIG-AC-024), 40m of 0.40 g/t Au (DIG-RC-008) and 34m of 0.50 g/t Au (DIG-RC-007).

• Given the 8 Km e strike length and the shallow nature of the drilling to date, further follow up work including step out drilling will be required on all three targets.

Following the strategic investments of AngloGold Ashanti, Montage Gold, and the Lundin family, the Company has $13 million in cash on hand and remains well capitalized for follow-up drilling. The Company is planning follow-up holes with drill mobilization expected to occur later in Q1-2025.

Martin Pawlitschek, President and CEO of Sanu Gold commented: "We are very excited by these exceptional drill intercepts 1 km to the south of previous high value intercepts at the Daina 2 main zone. The results demonstrate the potential to discover additional high-grade zones along this 4 km trend, which has to date only been tested by shallow and very wide spaced Air Core and RC drilling. Daina 1 South also returned significant wide intervals of gold mineralization, confirming the potential for mineralization on this large footprint target. The Company is evaluating the next steps which will include further drilling at Daina this quarter. At Diguifara, our inaugural drill program, returned wide zones of gold mineralization on all three targets, spread over an eight-kilometer trend that will be followed up in Q1."

Figure 2: Location map of Daina and Diguifara permits and targets

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DAINA TARGETS

At the Daina permit, the Company completed a total of 29 air core holes (AC) for 1,998 meters and 10 reverse circulation (RC) holes for 1,014 meters across four targets. These include Daina 1 South, Dain North, Daina 6, Daina 2 and its Daina South extension, and are further detailed below.

Daina 2 Target

As shown in Figure 1 above, a total of 8 RC holes totaling 770 meters and seven AC holes totaling 348 meters were drilled at the Daina 2 Target within the latest drill program. This drilling program was designed to test the northern and southern extension of the mineralization intercepted in the Main Zone in 2022 and 2023. The Daina 2 Target is a potentially 4 km long mineralized corridor trending NNW. Drill highlights from the 2022 (Sanu Gold News Release 3 & 19 October 2022) and 2023 Daina 2 Main Zone discovery include:

• 4.75 g/t Au over 21 m from 56m, including 85.5 g/t Au over 1 m (DAI-RC-004);

• 1.99 g/t Au over 37 m from 21m, including 32.6 g/t Au over 1 m, followed further downhole by 1.23 g/t Au over 15 m, including 12.3 g/t Au over 1 m (DAI-RC-001); and

• 5.50 g/t Au over 11 m from 80m, including 56.6 g/t Au over 1 m (DAI-RC-013).

The latest drill program targeted the extensions of the structure on step outs to the north and south of the main zone. Hole DAI-AC-021 intersected 51 meters of 3.11 g/t Au approximately 1 km south of the Daina 2 Main Zone, demonstrating the high-grade potential at significant distances to the south. Auger sampling and surface geochemistry demonstrate that the trend has potential to continue for an additional 1 km to the south from the new discovery.

Importantly, hole DAI-AC-021 terminated at a depth of 57 meters within mineralization, with the last 1 meter interval returning 57.3 g/t Au. The air core hole was terminated on blade refusal due to the hardness of the rock at the base of the saprolite zone.

The gold mineralization is hosted within hydrothermally altered and deformed coarse-grained greywacke, crosscut by auriferous quartz veins associated with disseminated pyrite and arsenopyrite. Broad zones of gold mineralization have been intersected in the greywacke unit as summarized in Table 1 of the Appendix and Figures 1 and 3.

Significant intercepts from this program reported here include:

• 51 m of 3.11 g/t Au from 6m, including 4m of 4.47 g/t Au, as well as 5m of 20.0 g/t Au further downhole in DAI-AC-021

• 16m of 0.94 g/t Au from 20m, including 8m of 1.2 g/t Au in DAI-AC-022

• 4 m of 1.84 g/t Au from 60m, in DAI-RC-051

Figure 3: Daina 2 Main Zone cross-sections showing geological and structural interpretation, RC drill hole traces, auger sampling from 2021/22 and highlighted assays results from AC drill holes.

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Daina 1 South Target

A total of 2 RC holes totaling 244 meters and 13 AC holes totaling 1,052 meters were drilled at the Daina 1 South Target, with full results provided in Table 2 of the Appendix. The objective of the drill program at Daina 1 South was to test a NNW trending high chargeability zone that extends over 1 km and consistent with an auger bed rock gold anomaly and a large termite mound gold anomaly. The identified gold structure occurs at the contact between the high chargeability and medium to low chargeability zone and is expressed in the field by an area of extensive deformation, hydrothermal alteration and gold mineralization that is extensively exploited by artisanal miners through numerous pits and shafts aligned along the identified gold structure. This initial drill program tested the peripheries of the target, due to access issues in the main part of the workings at the end of the rainy season remained inaccessible to heavy machinery. Additional drilling will be required during the dry season.

Daina 1 North Target

A total of 6 AC holes totaling 402 meters were drilled at the Daina 1 North Target, with full results provided in Table 3 of the Appendix, to test numerous parallel fracture systems trending NNW and moderately ENE dipping and extending along strike for over 2.4 km. Previous intercepts obtained from this target are saprolite auger sampling including 9 meters of 8.86 g/t Au (DAI-AUG-1201) and 2 meters of 2.90 g/t Au (DAI-AUG-1203) in a zone of large artisanal mining with numerous pits aligned along the NNW direction.

Daina 6 Target

A total of 3 AC holes totaling 196 meters were drilled at the Daina 6 Target, with full results provided in Table 3 of the Appendix, to test NNW-trending gold anomalies extending for over 1.2 km within a 300 km wide corridor and an extensive zone of high chargeability trending NNW. Previous results at Daina 6 included 8 m of 1.97 g/t Au, including 2 m of 7.36 g/t Au (DAI-AUG-1164), 9 m of 1.2 g/t Au (DAI-TR-015) and 3 m of 4.66 g/t Au, including 1 m of 12.6 g/t Au (DAI-TR-016) and high-grades in rock chip samples collected in working pits. The best results of the recent drilling includes 2m of 2.01 g/t Au (DAI-AC-027).

DIGUIFARA TARGETS

At the Diguifara permit, the Company drilled a total of 31 AC holes for 2,000 meters and 8 RC holes for a total of 1062 meters across three targets: Dig1, Dig2 and Dig3. These targets lie along an eight-kilometer trend of mineralization defined by shallow artisanal workings and surface gold anomalies, as further detailed below.

DIG 1 Target

A total of 5 RC holes totaling 691 meters and 15 AC holes totaling 1,116 meters were drilled at DIG 1 with full results provided in Target 5 of the Appendix. The target was tested with 2 drill lines spaced 200 meters apart. This inaugural drilling program at DIG 1 Target was designed to test a large zone of high chargeability and high resistivity trending north-northwest and extending for at least 2.5 km with a width of 200 to 300 meters. This target is defined by an extensive termite mound gold anomaly, auger bed-rock anomaly and widespread artisanal workings that target gold nuggets near the surface. The auger sampling returned multiple auriferous saprolite samples (including 1.88 g/t, 1.09 g/t, 0.88 g/t and 0.73 g/t Au) within several auger holes.

DIG 2 Target

A total of 7 AC holes totaling 297 meters were drilled at DIG 2 Target with full results provided in Table 5 of the Appendix. The gold anomalies at DIG 2 Target extend over 1.5 km in length and 200 to 300 meters width and are composed of a series of closely parallel systems of structurally aligned trends of gold anomalism in zone of structural dilation. The gold trend parallels features visible in the chargeability and resistivity geophysics. High-grade gold mineralization in previous rock chip sampling from outcrops included 2.26 g/t Au and 1.07 g/t Au, and anomalous gold values in auger saprolite include 4.82 g/t and 2.51 g/t Au. Best drill intercepts obtained from recent drilling includes 18m of 0.5 g/t Au (DIG-AC-023) and 2m of 0.61 g/t Au (DIG-AC-023).

DIG 3 Target

A total of 3 RC holes totaling 371 m and 9 AC holes totaling 587 meters were drilled at DIG 3 Target with full results provided in Table 5 of the Appendix. The NW trending termite mound gold anomalies at DIG 2 Target extend over 1.2 km with an average width of 300 meters and parallel the interpreted high chargeability and high resistivity thrust faults zones that are closely associated with area of extensive artisanal workings. Best auriferous saprolite auger samples include 0.71 g/t Au and 0.46g/t Au within several auger holes. The objective of the drill program was to test this anomaly with drill lines spaced 100 to 200 meters apart testing a strike length of 600 meters centered on the best auger holes results. Best drill intercepts obtained from recent drilling includes 34m of 0.55 g/t Au including 4m of 1.5 g/t Au (DIG-AC-024), 40m of 0.40 g/t Au (DIG-RC-008) and 34m of 0.50 g/t Au (DIG-RC-007).

The persistent wide gold mineralized zoned of up to 42 meters width at all three Diguifara targets indicates a well-developed, persistent gold bearing structure that traverses the permit for a total length of around 8 km. Given the extensive strike length and the shallow nature of the drilling to date, further follow up work including step out drilling will be required on all three targets.

Next Steps

Based on the results from this drilling program and the recent ground geophysical survey (IP) currently in progress, the Company will evaluate the potential for each target for follow-up drilling in 2025.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Serigne Dieng, Ph.D., M.Sc., a Member (MAIG) of the Australian Institute of Geoscientists (AIG), Exploration Manager of the Company and a qualified person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Quality Assurance / Quality Control ("QA/QC")

Sampling was completed on 2m composite intervals, except where holes terminated at an uneven depth meterage, in which cases 1m intervals were sampled. Sampling followed industry best practices, utilizing large riffle splitters, conducted under the supervision of the Company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. An appropriate number and type of certified reference materials (standards) and blanks totaling 5% of the total number of samples shipped to the laboratory were inserted approximately every 20th sample to ensure an effective QA/QC program was carried out. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results. All samples were analyzed using CPA-Au1 (Gamma ray analysis of sample for gold by photon assay instrument ) at the MSALABS SAS in Bamako, Mali ("MSALABS"). MSALABS is an internationally recognized and commercially certified laboratory and is independent of Sanu Gold.

APPENDIX:

Table 1: Daina 2 Target RC drill intercepts.

Table 2: Daina 1 South Target RC drill intercepts.

Table 3: Daina 1 North Target AC drill intercepts.

Table 4: Daina 6 Target RC drill intercepts.

Table 5: Diguifara drill intercepts.

DIG 1 TARGET

DIG 2 TARGET

DIG 3 TARGET

About Sanu Gold

Located within the Siguiri Basin, a world class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high-quality gold exploration permits in Guinea, West Africa. The Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multi-million-ounce gold discoveries. Sanu is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting.

Martin Pawlitschek
President & CEO, Sanu Gold Corp.

For further information regarding Sanu Gold, please visit the Company's website at www.sanugoldcorp.com or contact:

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes, but is not limited to, the anticipated timing for completion of various exploration or drilling programs and potential to discover additional mineralization over zones drilled.. Although Sanu Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's plans for exploration on its properties and ability to execute on plans, ability to raise sufficient capital to fund its obligations under its property agreements going forward, ability to maintain its material property agreements, mineral tenures and concessions in good standing, to explore and develop its projects; changes in economic conditions or financial markets; the inherent hazards associated with mineral exploration and mining operations, future prices of gold and other metals, changes in general economic conditions and local risks in the jurisdiction (Guinea) in which it operates, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, dependence on key management personnel; general competition in the mining industry availability of capital and financing; general economic, market or business conditions, regulatory changes; timeliness of regulatory approvals as well as those factors discussed in the Company's public disclosure record. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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