Sylla GOLD Announces Engagement of Red Cloud

Sylla Gold Corp

1550 Bedford Highway, Suite 802

Bedford, Nova Scotia, Canada B4A 1E6

(902) 233-4381

SYLLA GOLD ANNOUNCES ENGAGEMENT OF RED CLOUD

July 29, 2022 – Bedford, Nova Scotia – Sylla Gold Corp. ( TSXV: SYG) (the “Company”)

announces that it has retained Red Cloud Securities Inc. (“Red Cloud”) to provide market making

and liquidity services to the Company in compliance with the policies and guidelines of the TSX

Venture Exchange (“TSXV”). Red Cloud is a Toronto- based financial services company that

provides assistance to public companies in accessing capital markets and enhancing their corporate

profile.

Red Cloud will provide the services for a fee of $5,000 per month. The engagement is ongoing

and may be terminated by either party on thirty days’ prior written notice. The Company and Red

Cloud have an arm’s length relationship, but Red Cloud and/or its clients may have an interest,

directly or indirectly, in the securities of the Company. There are no performance factors contained

in the agreement with Red Cloud and Red Cloud will not receive any shares or options from the

Company as compensation for services it will render.

For more information, please contact:

Regan Isenor

President and Chief Executive Officer

Tel: (902) 233-4381

Email: [email protected]

Neither the 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 accurac y of this release.

This news release contains certain “forward- looking information” within the meaning of applicable securities laws.

Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”,

“believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or

statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-

looking information is based on the opinions and estimates of management at the date the information is provided,

and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to

differ materially from those projected in the forward -looking information. For a description of the risks and

uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s

Discussion and Analysis. The Company undertakes no obligation to update forward- looking inform ation if

circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned

not to place undue reliance on forward-looking information.