West African gold explorer Golden Rim Resources Limited (ASX: GMR; Golden Rim or Company) is pleased to provide an update on its gold project interests in Guinea, West Africa.

Kada Gold Project Earn-In

Golden Rim has acquired a further 26% interest in the Kada Gold Project (Kada), having satisfied the requirements of its second earn-in interest in the Kada Joint Venture by sole funding expenditure not less than US$4 million within 24 months of acquisition1 . The Company's interest in Kada is now 51%. The Company has also exercised its right to a third earn-in interest of an additional 24% of the project (for a total 75% interest). To achieve this interest, Golden Rim is required to fund the preparation of a Definitive Feasibility Study (DFS) for Kada. There is no time frame for completion of the DFS and Golden Rim's immediate plan is to systematically conduct additional exploration over the Kada permits, outside of the maiden Mineral Resource area, with the objective of expanding the oxide gold resource. The maiden Inferred Mineral Resource of 25.5Mt at 1.1g/t gold for 930,0002 ounces contained gold was released on 3 March 2022. Kada comprises two permits, Kada and Bamfele, located in the Siguiri Basin in eastern Guinea and covers approximately 200km2 .

Damissa Koura and Kankan West permits

Following analysis of results from auger and exploration drilling conducted on Kada over the past year, Golden Rim and its joint venture partner elected to withdraw from agreements for two additional permits originally announced on 27 January 2021. The Damissa Koura permit is contiguous to Kada to the east. With the now delineated north-south trending Kada Gold Corridor at Kada, Damissa Koura has become of less interest to the Kada Joint Venture. The Kankan West permit, approximately 60km south of Kada, has not reflected any prospectivity of note.

Contact:

Craig Mackay

Tel: +61 3 8677 0829

Email: craig@goldenrim.com.au

ABOUT GOLDEN RIM RESOURCES

Golden Rim Resources Limited is an ASX listed exploration company with a portfolio of advanced minerals projects in Guinea and Burkina Faso, West Africa and in Chile, South America. The Company's flagship project is the advanced Kada Gold Project in eastern Guinea. Guinea remains one of the most under-explored countries in West Africa. Golden Rim has outlined a maiden Inferred Mineral Resource of 25.5Mt at 1.1g/t gold for 930Koz3, the majority of which is shallow oxidetransitional gold mineralisation. Golden Rim is focussed on growing the Mineral Resource. Most of the 200km2 project area remains poorly explored and there is considerable upside for the discovery of additional oxide gold mineralisation. The Company discovered and has outlined an Indicated and Inferred Mineral Resource of 50Mt at 1.3g/t gold for 2Moz4 at the Kouri Gold Project, located in north-east Burkina Faso. Kouri covers 325km2 of highly prospective Birimian greenstones. Recent exploration has successfully located several high-grade gold shoots. In northern Chile, Golden Rim has the Paguanta Copper and Silver-Lead-Zinc Project. Historically a silver mine, the Company has outlined a Measured, Indicated and Inferred Mineral Resource of 2.4Mt at 88g/t silver, 5.0% zinc and 1.4% lead for 6.8Moz silver, 265Mlb zinc and 74Mlb lead5 at the Patricia Prospect. The Mineral Resource remains open. In addition, the project has several exceptional porphyry-copper targets, such as Loreto, that remain untested.

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