Cora Gold Limited announced Maiden Reserves and the results of a Definitive Feasibility Study ('DFS') for its Sanankoro Gold Project in southern Mali. Maiden Ore Reserves: The Ore Reserves for the Selin, Zone A and Zone B deposits have been reported according to the JORC (2012) Code. The estimation of the Ore Reserves followed a process of pit optimisation, design and scheduling: The Mineral Resource models were prepared by CSA Global; The mining models were derived from the Mineral Resource models modified for dilution and mining losses through application of Mineable Shape Optimiser ('MSO') to determine appropriate factors; Using the mining models, pit optimisations were completed in Studio NPVS software (Datamine); Using the selected pit shells as templates, pit designs for the final pits and push backs were developed in Deswik.

The pit designs and pushbacks considered practical access and geotechnical parameters; Based on these designs, a monthly lifeofmine ('LOM') schedule was completed in Deswik IS (Interactive Scheduler) software; The schedule economics was verified through a financial analysis and proved to be economically viable. Mining: The mining of Selin, Zone A and Zone B is well-suited to typical open pit methods using a backhoe configured excavator and truck fleet which will be operated by a mining contractor. Considering the highly-weathered nature of the orebody, both the oxide and transitional material are viewed as "free-dig" with no need for drill and blast activities.

Open pit operations will be undertaken using 5 metre benches which will be stacked to 10 metres at final limits. It is the intention that topsoil (initial 30cm) be stripped initially over the area of both the open pit and waste rock dumps ('WRDs') and stockpiled in a suitable allocated area proximal to each of the pits. Clearing and grubbing costs have been provisioned.

Waste material will be dumped onto designated waste dumps. Dumping will take place in 10 metre layers; to a general maximum of 50 metres in height. The location of waste dumps has considered a USD 2,000/oz pit shell and the presence of mineralised zones proximal to the pits.

Run of mine ('ROM') material destined for the processing plant will be sent straight to the stockpile area. Stockpiling and blending may be necessary to optimise the head grade with feed constraints on transitional material. Sufficient space will be provided for several separate stockpiles.

All process feed will be re-handled by a wheel loader from the stockpile straight into the crusher. Processing: The proposed process plant design is based on a well-known and established gravity/CIL technology, which consists of crushing, milling, and gravity recovery of free gold, followed by leaching/adsorption of gravity tailings, elution, gold smelting, and tailings disposal with a detoxification cyanide plant. The process plant will include reagent mixing, storage and distribution, and water and air services.

A water treatment plant is included to manage any potential water discharge. The plant will treat 1.5 Mtpa of oxide ore or 1.2 Mtpa of transition ore if treated independently. The process plant design incorporates the following unit process operations: Crushing - to produce feed for the ball mill from either oxide or transition ore; Milling- product from crushing will be milled in a single-stage ball mill in closed circuit with hydrocyclones to produce a P80 of 150 µm for the oxide ore and a P80 grind size of 75 µm for the transition ore; Gravity Concentration- recovery of coarse gold from the milling circuit recirculating load and treatment of gravity concentrates by intensive cyanidation and electrowinning to recover gold to doré; Leach/CIL circuit - for gold dissolution and adsorption onto carbon incorporating six CIL tanks; Loaded Carbon Desorption - elution circuit, electrowinning, and gold smelting to recover gold from the loaded carbon to produce doré; Detoxification - an INCO air/SO2 cyanide detoxification facility for the CIL tails slurry, which will be used only when required as test work has shown that the weak aciddissociable cyanidelevels in the leached tails are less than 50 ppm; Tailings Storage Facility - tailings pumping to the TSF.