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Tajiri Delineates Giant Poly Folded Gold System at K4 - 5 Spanning 14km x 6 km With obvious potential to host a Giant Gold Deposit System on scale and of form comparable to those hosting known Proterozoic Large to Super

Corporate Updates

Tajiri Delineates Giant Poly Folded Gold

System at K4 - 5 Spanning 14km x 6 km With

obvious potential to host a Giant Gold Deposit

System on scale and of form comparable to those hosting known Proterozoic Large to Super

Giant poly folded gold deposits Such Homestake, Sukhoi Log, Kibali, Telfer and Wassa

VANCOUVER, BC

,

March 7, 2023

/CNW/ - Tajiri Resources Corp. (the "Company") (TSXV: TAJ) is

pleased to report further results of power auger drilling at its K4-5 Prospect,

Burkina Faso

,

West

Africa

(

Figure 1: Location

) and an extensive re-interpretation of all data that indicates mineralisation

outlined to date forms a giant poly-folded gold system spanning ~14km x 6km (

Figure 2

). Given the

scale of the K4-5 system and the fact that many of the known large to supergiant Proterozoic gold

deposits are dominated by a strong fold control of mineralisation the K4-5 prospect has potential

size and form to host a large to supergiant gold deposit (

Figure 3

).

Independent of its interpreted potential to host a large to super giant gold deposit, the geochemical

anomalism now outlined by the saprolite auger campaign is of a scale that is between 2 and 9 times

the size of similar tenor saprolite gold anomalism associated with other West African gold deposits

with known resources of between 4 to 7 Moz (

Figure 15

&

Table I

).

Adding further weight to the indications that at least a large gold deposit is present at K4-5 is the

scale of artisanal mining that has been undertaken at K4-5, in which the areas of both surface

lateritic and bedrock shaft sinking are between 1.5-5 times the size of workings overlying West

African deposits of between 4-7 Moz.

Geological Setting

An extensive review of all data which included the construction of a new lithology map for the project,

interpretation of multiple satellite images, and interpretation and re-processing of all propriety

geophysical data sets and a review of publicly available gravity and magnetic data, has revealed

several features that control the form and potentially influence the scale of mineralisation present at

K4-5.

The setting of the K4-5 gold system is shown in

Figure 2

. Key features of this are in accord with

potential for the discovery of a major gold deposit:

It lies at the complex triple point junction of the Hounde, Boromo and Goren Greenstone belts

and associated great structural complexity

It lies within a region of major regional crustal scale trend change and flexure

It lies on the flanks/at the tip of a major intermediate- basic volcanic complex which appears to

be complexly infolded / thrust transported extension of the Hounde Belt. This location on the

flanks of a major volcanic centre is associated with the many of the larger Birimian gold

deposits.

Another key finding of the review was the recognition of a strong fold control to mineralisation at K4-

5 which appears to be associated with complex compound type II interference patterns (See

Appendix I Figure D

for explanation), formed by the superposition of at least three phases of folding.

A late phase F3 which strikes NNW, F2 which is tightly to isoclinally folded around F3 and an earlier

phase of folding F1 which is difficult to trace for any distance, but is quite observable through the

formation of fold interference patterns from F1 interactions with both F2 and F3.

Given the newly discerned structural controls (evident across many data sets) much mineralisation is

now seen to strike subparallel to principal sampling directions - soil and saprolite auger samples

were taken on mostly

400m

-200m

spaced NW oriented lines and historic drilling on either NW or NS

oriented lines.

This leaves a lot of further potential at the K4-5 prospect which exhibits long kilometric scale zones

of low order anomalism striking NW- NNW that may be representative of significant but poorly

sampled mineralisation.

Results

Results of our saprolite auger sampling campaign that immediately extends mineralisation reported

previously at K4 South is presented in

Figure 4

and

Figure 5

. This includes the prospects K4 North

and West which combined with South comprise the K4 Prospect. Of note is that considering our

recognition of the larger K4-5 Gold system, close spaced auger sampling by the Company has

covered less than ~20% of the total prospect.

Interpretation

An interpretation of results to show a mineralised envelope containing substantively >100ppb

saprolite auger results and >250ppb intersections in historic drillholes is shown in

Figure 6

and

Figure 7

. Here, given that sampling is in substantial part oriented subparallel to interpreted strike of

mineralisation, we have extended mineralisation to follow the form of interpreted lithological contacts

which are largely influenced by F2-F3 folding and F2 and F3 fold axes (See

Figure 7

for our

provisional interpretation of major fold axes at the K4 prospect).

In the above mentioned Figures, we show a side by side comparison of K4 to the 13Moz Wassa

deposit, which as noted in our previous announcement is the only other documented example of a

poly folded gold deposit hosted within the Birimian of

West Africa

. Both look remarkably similar in

form yet K4 (representing ~ 20% of the larger K4-5 system) has a footprint that is ~ 3-5 times larger

than Wassa's.

Clearly K4 has significant potential to host a large gold deposit

It should be noted that the interpreted mineralised envelope at K4 cannot be expected to be all ore.

Rather, something similar to the distribution of mineralisation at Wassa could be expected. At

Wassa, high grade ore is concentrated around fold closures or sometimes within axial planar shears.

Away from fold closures, fold limbs are extenuated and exhibit weak and narrow <

10m

zones of gold

mineralisation. In contrast mineralisation in fold closures is >3.0g/t, tends to be or in excess of

25-

30m

thickness (up to

80m

), has dip extents of ~150-

200m

, and enormous contiguous down

plunge extents that exceed at least

2,000m

.

Another good example of expected style/form of potentially better mineralisation at K4-5 is shown in

Appendix I Figures E, F, G & H

which shows an area of intense artisanal bedrock workings not far

from K4-5 has exploited gold mineralisation which appears in all respects to be hosted by similar,

Type II fold interference patterns as K4-5.

Evidence

The interpreted fold scheme for K4-5 has largely been based on interpreting visible folding evident in

multiple satellite images as documented in

Appendix I notes to Figure 7

. Evidence to support our

interpretation that the K4-5 system is a large poly-folded gold system is documented in the following

Figures:

Figure 8

. Workings at K4 South are configured into the distinct arrowhead shape of a Type II

fold interference pattern. This is made particularly evident in later Sentinel 2 imagery which

post-dates imagery shown in our

October 26, 2022

press release (Also see

Appendix I Figure B

). In addition, forms evident in a gradient array IP section line, which is near

co-incident with the central F3 controlling fold axis of the K4 South workings appear strongly

supportive of the interpreted fold scheme.

Figure 9

. A new lithological map of the area has been constructed, based on a discriminant

analysis of XRF multielement ratios. The new lithological map is broadly and at larger scales

supportive of the interpreted fold scheme.

Figure 10

. Overall form of the K4-5 gold anomalism as expressed in more dispersed soils is

supportive of the fold scheme and echoes regional forms visible in magnetics.

Figure 11

. Horizontal gradient magnetic data measured by gradiometry- a good way to examine

lithological contacts in higher resolution than filtered TMI data alone is strongly in agreement

with the fold scheme interpreted from satellite data. As this data is from a survey flown at

100m

line spacing on N-S lines it does lack some resolution of tighter folding and is in part somewhat

aliased by the NS line orientation being subparallel to NNW F3 fold axes.

Comparatives and Workings

As part of an extensive review of K4-5 we have mapped and aggregated all workings visible in 13

publicly available high resolution satellite images dating between 2008 and 2023 with supplemental

mapping from lower resolution Aster and Sentinel images. This allowed a compilation of the outlines

of all workings, both surface lateritic and bedrock shafts from over 13 years of near continuous

artisanal activity to be compiled. All workings are shown in

Figure 13

and a logical relationship to

interpreted folding appears evident.

For the purposes of comparison, a similar exercise, reviewing multiple satellite images and compiling

evolving outlines of artisanal workings, was conducted at a number of gold deposits with reported

resources/reserve throughout

Burkina Faso

and Northern Ghana. An example of such review and

comparison to current mining and drilled resource outlines is presented in

Figure 12

.

In general, a high correspondence between areas of mineralisation outlined by artisanal bedrock

shafts and later drilled resource outlines was found.

Figure 12

shows M1 South and Sanbrado

demonstrates the very close correspondence between areas outlined by artisanal shafts and the

outline at surface of drilled resources. In this case the variance is <10%. This finding allows a

reasonable indication of potential deposit size to be gleaned from the extent of bedrock shaft

workings.

A comparison of artisanal workings overlying example 4-7Moz Burkina and Northern Ghanaian gold

deposits and K4 is shown in

Figure 14

.

During the course of the comparison of the exercise, it was found that both the K4 North and K4

South areas of bedrock shafts are much larger than any one image might show. At K4 South

because shaft sinking has been episodic but with near continuous periods of lateritic surface working

– including mechanical working which tends to back fill or otherwise disperse shaft spoil obliterating

evidence of earlier shafts. While at K4 North, all shafts since 2015 have been sunk off the bottom of

a large 5-

10m

deep pit of about ~

100,000 m

2

from which all lateritic material was removed

mechanically and sluiced at nearby creeks. This rather sizable pit floods during the wet season, with

shaft sinking now only taking place for ~ 4-6 months of each year during the dry. After each wet

season many artisanal shafts are found to have collapsed and shaft spoil is often masked by a

coating of lateritic clay obscuring the true extent of shaft workings at K4 North in any one image. Of

note the more extensive shaft workings at K4 South, than initially suspected, may have negatively

impacted the tenor of results returned by our auger drilling as it is possible that extensive areas of

higher-grade mineralisation has been removed.

Across Burkina it was also noted that shaft workings that exploited mineralisation known to be of

higher grade were generally deeper as shown by the darker colouration of surrounding shaft spoil

(i.e. shafts had gone deeper into less bleached saprolite chasing higher grades) and higher grade

areas were generally (but not universally) surrounded by large areas of shallow lateritic surface

workings. The later feature is possibly a result of the greater coarse gold content of higher-grade

deposits which upon weathering forms an extensive deflation lag far more amenable to the crude

wind winnowing method used for recovering gold from surface workings in Burkina.

Of note the K4 North shaft workings show the features indicative of potentially high grade

mineralisation which is further supported by the fact that shafts have been worked for a long time-

continuously from 2010-2015 and then seasonally from 2015- present. Further in support of the high

grade potential of the K4 North shaft workings is that the area has due to sample orientations hardly

been sampled but the one historic drill hole which did interest the edge of these workings returned

4m

@ 16.2g/t from

4m

.

Finally,

Figure 15

compares the size of saprolite geochemical anomalies present at K4-5 with those

overlying known 4-7Moz deposits and with reference to Table I it is clear that K4-5 is of a scale at

various threshold levels that is between 1.5 and 9 times the size of those peers.

Table 1

Comparing areas of saprolite auger defined anomalism at various gold cut-offs as

reported for other Brimian Gold Deposits. Area of K4-5-Dassa Anomalism is compelling 1.5-9

times that of other bread and butter 4-7Moz Birimian Deposits.

Anomaly Cut

off Au.

K4

K4-5 Dassa

Namdini

Shandong

Gold

Bankan NE

Predictive

Discovery

Sanbrado

M1 South

Alone

West

African

Resources

All

Sanbrado

less M1

South

West

African

Resources

Wassa

Known

Endowment

?

?

7.2Moz @

1.2g/t

3.9Moz @

1.63g/t

1.8Moz @

11.2g/t

4.1Moz @

1.2g/t

13Moz

@ 3.2g/t

Area m

2

Area m

2

Area m

2

Area m

2

Area m

2

Area m

2

Area m

2

12ppb

19,690,000

658,700

740,300

3,100,000

25ppb

2,323,000

5,590,200

488,419

4,557,000

(district

incl. Banken Creek

@ 0.33Moz)

50ppb

298,252

80ppb

1,253,000

2,344,000

151,200

900,000

100ppb

871,200

1,531,700

197,600

497,300

160ppb

631,400

49,790

257,400

250ppb

275,200

462,700

220,183

Where blank either we have not yet interpreted the K4-5 system at that threshold or data is not

reported by other companies

President's Comments

"After such a detailed review of not only the results from our own 18,000+ metres of auger drilling

but all relevant proprietary and publicly available data the Company is extremely excited to release

to market its new geological model for the K4/K5 prospect. Given the Reo Project's rich history of

exploration successes there was certainly a lot of work to be done to put this together and we are

supremely confident that what we have presented here today clearly illustrates the world class

upside of the Reo Project, specifically as it relates to the size and scale potential of the gold

discoveries already made at K4/K5. With the recent renewal for a full 9 years of the permit hosting

the K4/K5 prospects there will be plenty of time for the Company to test, assess and hopefully

confirm what has been presented today enroute to the discovery of a world class gold deposit - but I

can assure you we will waste none - as we look forward to commencing further exploration work as

soon as possible."

Qualified Person

The Qualified Person under National Instrument 43-101

- Standards of Disclosure for Mineral

Projects

for this news release is

Dominic O'Sullivan

a geologist, member of the AusIMM, Executive

Chairman of Tajiri who has reviewed and approved its contents.

On Behalf of the Board,

Tajiri Resources Corp.

Graham Keevil

,

President & CEO

About Tajiri

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration

assets located in two of the worlds least explored and highly prolific greenstone belts of

Burkina

Faso

,

West Africa

and

Guyana

,

South America

. Lead by a team of industry professionals with a

combined 100 plus years' experience the Company continues to generate shareholder value

through exploration.

www.tajirigold.com

APPENDIX I

See Linked Figures

APPENDIX II

Technical Details

Results reported today are from a program of ~ 18,000 metres completed in 4,125 auger drillholes

drilled between

November 2020

and

May 2021

at the K4-K5 Prospect. Auger drilling was conducted

to infill historic 400 x

100m

spaced saprolite auger sampling at varying infill grids; predominantly 200

x

50m

regionally and 100 x

25m

and 25 x

25m

over the K4 South Target. Regional 200 x

50m

lines

were oriented NW-SE while the 100 x

25m

and 25 x

25m

auger grids were oriented E-W.

Drilling with hollow stem power auger was conducted and supervised by Sahara Natural Resources

and whole samples of 1-4kg were assayed by 50 gram fire assay with a DIBK extraction at SGS

laboratories, Ougadougo,

Burkina Faso

along with standards, blanks and duplicates making up 10%

of the assayed samples. Assay sensitivity was 1 ppb Au.

The top metre of textured saprolite was sampled and auger drill holes ranged from 3 to

29m

in

depth. As saprolite was sampled by our auger program and lateral chemical dispersion of gold in

saprolite in the Sahel region of

West Africa

appears to be minor, detected gold anomalism should be

in-situ as confirmed in places by underlying historic RAB and RC drill results.

All samples will be subject to multielement analysis by XRF to allow identification of elements

consanguineous with gold mineralisation and the discrimination of lithologies by major and minor

element associations.

Source Materials

:

For Wassa figure showing Wassa drilling and age of Wassa Mineralisation:

Perouty, S et al. The

Wassa deposit: A poly deformed orogenic gold system in southwest

Ghana

- Implications for

regional exploration. Journal of African Earth Science 2015

Wassa gold endowment is the total of all resource categories Measured, Indicated, Inferred and

past production as reported in:

"Wassa Gold Mine NI-43-101 Technical Report

March 2021

(M+I =

3.537Moz; Indicated 8.183Moz) Past production ~ 2.197Moz

Sanbrado Resources:

Resource Source West African Resource/Reserve Statement

9 March 2021

M1 South Auger results:

West African Resources Press Release 15 June 2015.

Namdini Auger Results:

Cardinal Resources, Presentation 15 November 2017.

Namdini Resources

: Cardinal Resources Ltd. – "NI 43-101 Namdini Gold Project Feasibility Study"

November 27

2019.

Banken NE Auger Results:

Predictive Discovery ASX press release,

13 October 2020

. "

92M

at

1.9g/t Gold- Diamond drilling Expands Bankan Project."

Kiaka Resource:

West African Resources, Press Release

August 3, 2022

SOURCE

Tajiri Resources Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2023/07/c1514.html

%SEDAR: 00027091E

For further information:

Tajiri Resources Corp., Graham Keevil, President, CEO, 778-229-9602,

[email protected]

CO: Tajiri Resources Corp.

CNW 09:30e 07-MAR-23