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Sylla Gold Intersects 15 m of 4.92 gpt Gold at Niaouleni

Drill Results

Sylla Gold Intersects 15 m of 4.92 gpt Gold at

Niaouleni

Bedford, Nova Scotia--(Newsfile Corp. - April 12, 2023) -

Sylla Gold Corp. (TSXV:SYG)

(OTCQB:SYGCF) ("Sylla Gold" or the "Company")

is pleased to announce positive gold assay

results from a drilling program of 19 reverse circulation (RC) drill holes totalling 2330 m completed within

the Company's Niaouleni Gold Project ("Niaouleni") (

Figure 1

) in Southern Mali. Drilling was

predominantly carried out at the Niaouleni South target located in the Niaouleni-Kobada Sanankoro

Corridor (

Figure 2

).

Extends the strike length of mineralization to 700 m at Niaouleni South.

7 high priority drilling target areas defined on the property.

Drilling Highlights:

4.92 g/t Au over 15 m

from drill hole NSRC23-068

including

14.9 g/t Au over 4 m

and 2.56 g/t Au over 7m

4.28 g/t Au over 6 m

from drill hole NSRC23-060

including

17.7 g/t Au

over 1 m

2.26 g/t Au over 8 m

from drill hole NSRC23-059

including

10.6 g/t Au

over 1 m

1.09 g/t Au over 10 m

from drill hole NSRC23-073

1.13 g/t Au over 9 m

from drill hole NSRC23-063

4.47 g/t Au over 2m

from drill hole NSRC23-076

A summary of significant gold assay intercepts of these holes is shown in

Table 1

and collar locations

and depths for RC drill holes NSRC23-058 to NSRC23-076 are shown in

Table 2

.

Niaouleni South Drilling

This drilling was successful in extending the high-grade zone of mineralization at the

Niaouleni South

prospect for over 700 metres open at depth and to both the north and south. The Niaouleni South

mineralized zone appears to occur along a substructure of the Kobada Shear which hosts the adjacent

Toubani Resources' Kobada deposit which is located approximately 6 km north of Niaouleni South.

South Extension of Kobada Shear drilling

In addition to the drilling at Niaouleni South, hole NSRC23-076 was drilled near the northern boundary of

the Niaouleni licence on the interpreted extension of the Kobada Shear and intersected 4.47 g/t Au over

2 metres. This hole was drilled as a follow up to mineralization outlined through previous AC drilling.

Further drilling in this area is being planned.

Figure 1

: Prospect location map of the Niaouleni Gold Project in southern Mali

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6472/162155_15714972049289b4_001full.jpg

Regan Isenor, President and CEO of Sylla Gold, commented, "

Our work at Niaouleni continues to build

on our original hypothesis that this property has the potential to host multiple near surface gold

deposits at the Niaouleni project on known shears and their subsidiary structures. This RC program

has again been successful in identifying gold grades over significant widths in 18 of the 19 holes

drilled, since beginning exploration on the property in April of last year the company has drilled a total

of 76 RC holes encountering anomalous gold in 66 of those holes, suggesting the potential of the

land package to host significant gold mineralization. The Niaouleni Gold project is located in a

structurally complex gold mineralized corridor as shown in Figure 1. We are especially pleased with

the results from hole NSRC-23-68 which extend the gold mineralized footprint due south of the main

area of drilling at Niaouleni South In addition, the technical team has identified several target areas

that require follow up drilling."

Figure 2:

Niaouleni South Prospect Area

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6472/162155_15714972049289b4_002full.jpg

Technical Overview of RC Drilling Program

The purpose of the Niaouleni Project AC and RC drilling program is to:

Continue to confirm previously defined wide zones of high-grade gold mineralization intersected in

historical drilling programs completed by previous operators.

Define the structural characteristics of the mineralized shear zones

on the property.

Test extensive termite mound and soil anomalies that lie both on strike from the adjacent Kobada

deposit owned by Toubani Resources and in other areas of the property.

Test the many other soil and termite anomalies on the land package.

Test all target areas identified.

All gold-bearing intersections are hosted in metasedimentary saprolite with quartz veins. Geological

interpretation for these drill holes is still preliminary and ongoing. A potential dilational flexure rendering

the Niaouleni South trend close to N-S, compared to the NNE regional structural trend is interpreted.

Inside this flexure, the highest grades appear to be hosted in E-W vein / veinlet clusters. 3D geological

modelling has been started in an attempt to define N-S and E-W mineralization domains within the N-S

trending mineralized corridor.

It is apparent that this gold mineralized corridor that hosts the Niaouleni and other gold deposits is

structurally complex extending into Guinea and appears to have received several episodes of gold

emplacement.

Drilling Targets

The Company has recently completed a target delineation program identifying 8 target areas at the

Niaouleni Project (

Figure 3

) for drilling follow up. The targets areas are defined as:

1

.

Niaouleni South and Lebre plateau

The focus of the Company's RC drilling has produced numerous high-grade intercepts.

Open

to the north and south the Niaouleni South and Lebre plateau target area represents a strike

length of 1.5 km. See map Fig 2.

2

.

Kankou Moussa Prospect

Sylla drilled 5.34 g/t over 3m (see Sylla press release dated September 13, 2022) at Kankou

Moussa. The prospect is located within the Kobada Shear roughly 2km on strike of the

Niaouleni South & Lebre Plateau target.

3

.

Niaouleni West

On the Company's recently acquired licence, the Niaouleni West target sits on the extension

of the Kobada Shear with extensive artisanal workings.

Past explorers on the property have

produced exceptionally high anomalous gold values in soil samples. This is a high priority

target.

4

.

Niaouleni Northwest Prospect

Historic work includes strong soil and termite mound geochemistry, the target area contains

artisanal gold workings.

5

.

Samaya South

Located 3.5 km west of the Kobada deposit the Samaya South target area is host to

extensive historical soil and termite mound sampling. The target area contains surface

artisanal workings.

6

.

Goingoindougou East and Sananfara prospect.

Located within the inferred extension of the Kobada East Shear the Goingoindougou East

and Sananfara prospect contains regional arsenic anomalies and artisanal gold surface

workings.

7

.

Niaouleni East and Goingoindougou

High grade gold RC intercepts including 7m of 3.89 g/t (see Sylla press release dated

September 13, 2022). Previous operators have encountered anomalous gold over wide

widths at the target.

Located on the inferred extension of the Gosso Shear the Niaouleni East

and Goingoindougou prospect area is defined by a larger gold in soil and termite anomaly.

The Company's technical team is currently designing drilling programs to test each of the target areas.

Figure 3: Drilling target map

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6472/162155_15714972049289b4_003full.jpg

Table 1

: Significant RC drilling assay intercepts for Niaouleni Project (NSRC23-058 to NSRC23-076)

Hole ID

FROM (m)

TO (m)

INTERVAL (m)

AU (g/t)

NSRC23-058

74

75

1

0.98

NSRC23-059

6

14

8

2.26

including

6

7

1

10.6

NSRC23-059

29

30

1

0.72

NSRC23-059

101

103

2

1.84

NSRC23-060

48

54

6

4.28

including

52

53

1

17.7

NSRC23-061

29

32

3

1.27

NSRC23-062

112

113

1

1.2

NSRC23-063

78

87

9

1.13

NSRC23-064

9

10

1

0.88

NSRC23-064

16

22

6

1.04

NSRC23-065

29

30

1

0.58

NSRC23-065

70

71

1

0.53

NSRC23-065

89

90

1

0.82

NSRC23-065

95

96

1

1.15

NSRC23-065

100

101

1

1.02

NSRC23-065

104

105

1

0.53

NSRC23-066

6

7

1

0.78

NSRC23-067

no significant results

NSRC23-068

86

101

15

4.92

including

89

93

4

14.9

NSRC23-068

104

111

7

2.56

including

105

106

1

10.8

NSRC23-068

115

116

1

0.82

NSRC23-069

20

21

1

0.93

NSRC23-069

24

30

6

0.62

NSRC23-070

75

76

1

0.84

NSRC23-071

17

20

3

1.02

NSRC23-071

30

31

1

0.58

NSRC23-071

36

51

15

0.78

NSRC23-071

75

78

3

0.76

NSRC23-072

110

113

3

0.49

NSRC23-073

35

36

1

3.71

NSRC23-073

98

100

2

0.67

NSRC23-073

105

110

5

1.13

NSRC23-073

115

125

10

1.09

NSRC23-074

80

82

2

0.9

NSRC23-075

44

45

1

1.01

NSRC23-076

38

39

1

1.05

NSRC23-076

47

48

1

0.63

NSRC23-076

51

52

1

0.69

NSRC23-076

81

82

1

0.63

Hole ID

FROM (m)

TO (m)

INTERVAL (m)

AU (g/t)

NSRC23-076

90

92

2

4.47

including

91

92

1

7.88

SIGNIFICANT RESULTS AC (all other AC holes NSV)

NSAC23-219

76

78

2

2.02

NSAC23-224

6

8

2

0.64

Notes: A cut-off 0.5 g/t Au was applied with maximum 2 m of internal dilution; no high-cap cut-off was applied. True width of the sampled intervals

has not yet been determined.

Figure 4:

E-W quartz vein cluster in the N-S corridor at Niaouleni

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/6472/162155_15714972049289b4_004full.jpg

Table 2:

RC drill hole collar table for Niaouleni South (NSRC22-019 to NSRC22-057

Hole ID

Easting

(m)

Northing

(m)

Elevation

(m)

Azimuth

(°)

Dip

(°)

Hole Depth

(m)

NSRC23-058

543765

1281460

379

270

-55

120

NSRC23-059

543715

1281460

373

270

-55

120

NSRC23-060

543665

1281460

381

270

-55

120

NSRC23-061

543615

1281460

377

270

-55

120

NSRC23-062

543775

1281180

372

270

-55

120

NSRC23-063

543725

1281180

378

270

-55

120

NSRC23-064

543675

1281180

375

270

-55

120

NSRC23-065

543625

1281180

380

270

-55

120

NSRC23-066

543575

1281180

383

270

-55

120

NSRC23-067

543775

1281140

376

270

-55

120

NSRC23-068

543725

1281140

377

270

-55

120

NSRC23-069

543675

1281140

374

270

-55

120

NSRC23-070

543625

1281140

381

270

-55

120

NSRC23-071

543575

1281140

380

270

-55

120

NSRC23-072

543655

1281540

366

160

-55

150

NSRC23-073

543658

1281605

383

160

-55

126

NSRC23-074

543650

1281640

370

160

-55

150

NSRC23-075

543720

1283695

383

270

-50

100

NSRC23-076

543390

1283600

382

270

-50

100

NSAC23-213

543775

1281040

362

270

-50

80

NSAC23-214

543735

1281040

370

270

-50

80

NSAC23-215

543695

1281040

374

270

-50

80

NSAC23-216

543655

1281040

369

270

-50

80

NSAC23-217

543615

1281040

368

270

-50

80

NSAC23-218

543575

1281040

375

270

-50

80

NSAC23-219

543535

1281040

372

270

-50

80

NSAC23-220

543775

1280940

360

270

-50

80

NSAC23-221

543735

1280940

358

270

-50

80

NSAC23-222

543695

1280940

359

270

-50

80

NSAC23-223

543655

1280940

362

270

-50

80

NSAC23-224

543615

1280940

362

270

-50

80

NSAC23-225

543575

1280940

366

270

-50

80

NSAC23-226

543535

1280940

367

270

-50

80

NSAC23-227

543700

1281650

365

270

-50

80

NSAC23-228

543660

1281650

372

270

-50

80

NSAC23-229

543620

1281650

374

270

-50

80

NSAC23-230

543580

1281650

374

270

-50

80

NSAC23-231

543540

1281650

383

270

-50

80

NSAC23-232

543500

1281650

384

270

-50

80

Notes: Collar coordinates are in UTM WGS84 Zone 29 and determined using a handheld GPS unit. True width of the intervals has not yet been

determined.

Drilling, QAQC, and Sampling and Assay Procedures

RC drilling was completed by Forage FTE Drilling of Bamako, Mali using an Atlas Copco T3W Reverse

Circulation drilling rig. RC samples weighing approximately 2 kg were bagged at the drilling rig and

transported to the camp by Company personnel. Blanks, certified standards, and field duplicates were

inserted into the sample stream every 15 samples. Samples were then transported by truck by Bureau

Veritas to their laboratory in Bamako, Mali where they were logged, dried (105°C), and crushed (75%

passing 2mm). 1 kg of crushed material was split and pulverized (85% passing 75µ). Fire assay using

atomic absorption finish was performed on a 50 g sample. All assay results greater than 10 g/t Au were

re-assayed with gravimetric finish.

Bureau Veritas is registered to international quality standards through the ISO/IEC 17025:2017

standards and is independent of Sylla Gold. The Company and its geological consultants confirm all

assay results reported herein have passed QAQC protocols.

About the Niaouleni Project

The Niaouleni Project consists of 4 permits totalling 17,200 hectares in size and accessible by paved

highway and includes extensive artisanal mining activity within the gold bearing structures and their

potential extensions. Past exploration at Niaouleni includes termite mound and soil geochemistry

surveys, and reverse circulation (RC) and diamond drilling that have identified several structural gold-

bearing zones that appear to extend from the adjacent Kobada gold deposit. The Kobada gold deposit

is situated approximately 3km north of the northern limit of the Niaouleni exploration licence. Historical

exploration and drilling results were compiled by Sylla into a digital database and interpreted for the

purposes of designing an RC and AC drilling program to further test these interpreted structural gold-

bearing zones and possibly extend them further into the project area.

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

.

Data Verification and Qualified Person Statement