Overview

Alma Gold (CSE:ALMA,OTC:ALGLF) is a mineral exploration and development company focusing on its Dialakor and Karita gold projects in Guinea, West Africa.

Rising gold prices and a stagnating supply landscape are creating opportunities for new gold exploration.

West Africa is among the most prolific and productive gold exploration regions, globally. Alma Gold’s newest acquisition in Guinea, West Africa, the Dialakoro Gold Project, is located within the Upper Birimian to Lower Tarkwa Group of sedimentary rocks of the world-class orogenic gold producing district known as the Siguiri Basin in northeast Guinea. All indications are pointing to a significant gold mineralization. With four exploration licenses covering approximately 314 square kilometers, the Dialakoro Project is considered an extension of the Niaoulini–Kobada–Sanankoro gold-hosted regional structural corridor crossing the Guinea-Mali border.

Alma Gold’s Karita Gold Project, meanwhile, contains a total of four exploration permits located immediately adjacent to IAMGOLD’s (NYSE:IAG,TSX:IMG) newly discovered gold deposit. The Karita Gold Project sits on a Birimian-aged greenstone belt, an extensive mineralization zone that hosts prolific gold deposits. Alma Gold has a comprehensive exploration plan, which is currently moving toward the maiden drilling program stage.

The company also has a promising asset outside West Africa. The Clarence Stream North Gold Project is in New Brunswick, Canada, and has promising gold-in-soil assay results. The company plans to pursue the next phase of exploration, including additional infill soil surveys, and geological mapping and prospecting.

Alma Gold focuses on maintaining a high ESG rating at every step. The company actively engages with local communities, artisanal gold miners, and governments during the permitting process and closely monitors its environmental footprint in each region. The company’s CEO Greg Isenor has been widely recognized for his impressive ESG work in previous projects, with more than 20 years of experience working in West Africa, striving to build a strong ESG rating with every project.

An experienced management team with expertise throughout the natural resources industry leads Alma Gold toward growing its assets. Greg Isenor has a track record of leading successful gold discoveries in West Africa. Alma Gold director Jean Marc-Gagnon has over 35 years of experience in the mining industry, which includes developing gold projects in West Africa. Additional experts in mining, capital markets, international finance, and corporate administration round out the team.

Company Highlights

Alma Gold is a gold exploration and development company focusing on its gold assets in Guinea, and acquiring additional exploration permits.The company prioritizes a high ESG rating throughout the exploration and mining cycle by building strong relationships with local communities, artisanal miners and government officials.The Dialakoro Gold Project, which Alma acquired in June 2023, comprises four exploration licenses spanning 314 square kilometers along the gold-endowed “Sanankoro-Kobada-Niaouleni” structural corridor that extends into northern Guinea from southern Mali.The Karita Gold Project in West Africa comprises four exploration permits adjacent to prolific gold discoveries made by neighboring mining companies including IAMGOLD.The company’s Clarence Stream North gold project in New Brunswick, Canada recently returned encouraging gold-in-soil assay results indicating the asset’s potential.Alma Gold’s CEO Greg Isenor has a long track record of working in West Africa and leading projects with a high ESG rating.A team of experts with a proven track record of success throughout the mining industry leads the company toward success.

Key Projects

Dialakoro Gold Project

Acquired in June 2023, the Dialakoro Gold Project in northeastern Guinea consists of four exploration licenses that span roughly 314 square kilometers. These four exploration licences are within the Upper Birimian to Lower Tarkwa Group of sedimentary rocks of the world-class orogenic gold producing district known as the Siguiri Basin. It is considered an extension of the Niaoulini–Kobada–Sanankoro gold-hosted regional structural corridor crossing the Guinea-Mali border.

Project Highlights:

Exploration Plans: With full government and local community support, Alma Gold plans to undertake a series of exploration activities, including:prospecting and sampling to identify gold occurrences,termite mound sampling to identify gold geochemical anomalies, andAC and RAB/RC drilling over identified gold targets

Karita Gold Project

The company’s Karita Gold Project covers 392.1 square kilometers in Guinea, West Africa. Alma Gold acquired the project in February 2021, and no exploration had been previously conducted on the property. The company’s exploration plan aims to determine the depths and grades of potential gold deposits.

Project Highlights:

Encouraging Adjacent Gold Deposit: The adjacent IAMGOLD deposit has produced encouraging drill results that indicate what’s possible at the Karita Project. Results include:29 meters at 2.96 g/t gold16 meters at 3.17 g/t gold21 meters at 9.01 g/t goldRobust Exploration Plan: The company has been following its comprehensive exploration plan leading up to its maiden drilling campaign to begin determining the extent of potential gold deposits. The plan includes the following:Ongoing mapping and prospectingInterpreting assay results from the termite mound sampling programMaiden air core drilling to follow up on termite assay resultsProlific Birimian Greenstones: The asset contains significant gold deposits within the Birimian-aged greenstone rocks in West Africa. Alma Gold’s team of experts is familiar with working with these types of greenstone rocks helping guide the company’s exploration efforts.

Clarence Stream North Gold Project

The company’s 100-percent-owned Clarence Stream North Gold Project comprises two projects totaling 3,440 hectares in southwestern New Brunswick, Canada.

Project Highlights:

Mining-friendly Jurisdiction: New Brunswick is a mining-friendly jurisdiction with an experienced local workforce and robust existing infrastructure.Promising Geological Characteristics: The asset sits upon the Sawyer Brook Fault System, which also hosts significant gold and base metal deposits operated by multiple mining companies.Encouraging Soil Samples: Soil samples from 2020 returned values ranging from 5 parts per billion (ppb) gold to 32 ppb. These results indicate the potential for significant deposits as exploration continues.

Management Team

Greg Isenor – President, CEO and Director

Greg Isenor is a member of the Association of Professional Geologists of Nova Scotia. He is a director of Roscan Gold (TSXV:ROS), a gold explorer in West Mali, and a CFO and director of Sylla Gold also exploring gold in Mali. Isenor was president, CEO and director (2005 to 2017) of Merrex Gold (TSXV:MXI) until Merrex was taken over by IAMGOLD. During that time, Merrex discovered two significant gold deposits in Mali, the Siribaya deposit and, with JV partner IAMGOLD, the Diakha deposit. Previously, Isenor was the president, CEO and director (2003 to 2005) of Jilbey Gold Exploration until Jilbey was acquired by High River Gold Mines. During his time with Jilbey, Isenor led the team that identified the Bissa gold deposit in Burkina Faso (West Africa), which was placed into production by Nord Gold (LSE:NORD).

James Henning – CFO

James Henning is a chartered accountant and the founder and president of Corpfinance Advisors since 1984. Henning has solid expertise and practical experience in valuing businesses in a broad range of industries. He has assisted companies in financing, public offerings and restructuring. Areas of expertise include retail cannabis, manufacturing, telecommunications, software, biomedical, oil and gas services, and renewable energy industries. Henning has served as a chief financial officer and director for a number of TSX Venture Exchange and Canadian Securities Exchange-listed companies over the past several years, including Stellar AfricaGold (TSXV:SPX) and Major Precious Metals (NEO:SIZE).

Jean-Marc Gagnon – Independent Director

Jean-Marc Gagnon is a professional geologist with more than 35 years of experience in the mining exploration sector. Gagnon has been involved in the management, evaluation and development of mining exploration projects for gold, mainly in West Africa (Mali, Burkina Faso, and Guinea). He has worked in various capacities, including country manager, exploration manager and consulting geologist, for a number of junior mining companies including Roscan Gold, Merrex Gold , Frontline Gold (TSXV:FGC), Jilbey Gold Exploration, Ressources Incanore and Gold Star Resources (TSX:GSC).

Lauren McCrae – Independent Director

Lauren McCrae is a public affairs, marketing and brand researcher currently working with WorkSafe BC as a manager, experience. She is multilingual and holds a BA in international studies from York University, a master’s in international security from the Paris Institute of Political Studies in Paris, France, and an MSc in international political economy with distinction from the London School of Economics. McCrae has significant ESG knowledge and international development experience in Africa, including Mali.

Paul Ténière – Independent Director

Paul Ténière is a professional geologist with nearly 25 years of diverse experience in the mining and oil & gas sectors in Canada, United States, and internationally. He is a mining consultant and acts as a technical advisor for several mining companies. Ténière is also a director of Metallica Metals (CSE:MM) and KO Gold. He holds a B.Sc. (Hon) in earth sciences from Dalhousie University and an M.Sc. in geology from Acadia University.