Sylla GOLD Announces Results of Its Annual and Special Meeting and Approval of Amendments to Stock Option Plan

Sylla Gold Corp

1550 Bedford Highway, Suite 802

Bedford, Nova Scotia, Canada B4A 1E6

(902) 233-4381

SYLLA GOLD ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING

AND APPROVAL OF AMENDMENTS TO STOCK OPTION PLAN

August 31, 2022 – Bedford, Nova Scotia – Sylla Gold Corp. (TSXV: SYG) (the “Company”)

is pleased to report that all matters submitted to shareholders for approval at the annual and special

meeting of the Company held on August 24, 2022 (the “Meeting”) were approved by the

shareholders. At the Meeting, the shareholders approved the election of directors and the

appointment of Smythe LLP as auditor of the Company.

In addition, the shareholders also approved the amendments to the Company’s 10% rolling stock

option plan (the “Plan”), as described in the Company’s management information circular dated

July 21, 2022, which includes, among other things, the ability for net and cashless exercise of

options. The Plan was amended to comply with certain revisions made to TSX Venture Exchange

Policy 4.4 – Security Based Compensation (“ Policy 4.4”), which came into effect on November

24, 2021. For more information on the changes to Policy 4.4, please see the TSXV Bulletin re

Policy 4.4 – Security Based Compensation dated November 24, 2021. The Plan was conditionally

approved by the TSX Venture Exchange on July 7, 2022.

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.