Mako Gold Limited announced that it has received the decree from the Ministry of Mines in Côte d'lvoire for the Ouangolodougou Permit ("Ouangolodougou" or "the Permit"). As per regulations set out in the 2014 Côte d'Ivoire Mining Code, the Ouangolodougou permit is valid for 4 years from the date of granting and can be renewed twice for a period of three years each. Ouangolodougou along with the Korhogo Nord permit constitute the Korhogo Project ("Korhogo") which collectively covers 296 sqkm over 17km of faulted greenstone granite contact. Both Permits are 100% owned by Mako. Korhogo is located in the same greenstone belt that hosts Barrick Gold's 4.9Moz Tongon gold mine and Montage Gold's 1.2Moz Kone gold deposit, both in Côte d'Ivoire, as well as Teranga Gold's 2.7Moz Wahgnion gold mine across the border in Burkina Faso. The proximity to Barrick's Tongon processing and mine infrastructure (within 15-30km) has the potential to create accretive development and processing synergies should Mako be successful in discovering a gold deposit on the Korhogo Project. Ouangolodougou (as well as Korhogo Nord) were strategically selected by Mako as they cover significant greenstone-granite contact along a regional fault shown in grey on. Regional faults provide the "plumbing" for gold bearing fluids. In shear-hosted high-grade gold deposits, gold is often remobilised from greenstones and over time, deposited in the granites which are brittle and have a good network of open spaces (faults). In addition, at the interface of the greenstones and granites, the geochemistry changes, which typically causes the precipitation of gold within the granites. Because of the above, the Company believes that the strategic location of the permits present excellent targets for high-grade orogenic shear-hosted gold deposits. The Company announced that the planned 1,500m RC drill program1 on the Tchaga East Prospect is complete and that the rig has returned to the Tchaga Prospect to resume resource definition drilling. A total of 1,679 metres was drilled in 16 holes at Tchaga East. Samples will be shipped to the lab shortly, with assay results anticipated in mid to late February.