Wia Gold Limited reported results from a further twenty-two reverse circulation (RC) drill holes ­KRC037 to KRC059 completed at the Kokoseb Gold Project (Kokoseb), situated on the Company's Damaran Gold Project located in Namibia. These drill holes include the latest reconnaissance holes completed along strike ­ at the Eastern trend of Kokoseb ­ and the first systematic infill drill holes ­ located where there is the merging between the Northern trend and the Western trend ­ combined with drill holes completed to further improve the geological understanding and the continuity of the mineralised zones. Best results include 14m at 1.82 g/t Au in hole KRC059, 7m at 4.13 g/t Au in hole KRC052, 20m at 2.13 g/t Au and 12m at 2.59 g/t Au, both in hole KRC050.

At the end of February 2023, 77 RC holes for 15,099 metres have been completed at Kokoseb. Two drill rigs are progressing the program, with a maiden resource estimate expected in Second Quarter 2023. The area is a key focus for the resource estimate due to the high-grade gold mineralisation over thick intercepts.

Drill holes KRC050, KRC052, KRC054, KRC057 and KRC059 are all located on previously drilled sections, infilling and extending gold mineralisation. They have returned significant intercepts that are high-grade, confirming the zones previously returned, or enhancing them in terms of grade and continuity. Detailed surface mapping is also underway ­ updating the understanding and re-interpretation of the granitic bodies, sills, dykes, stocks, that are intersected in the drilling.

Drill hole KRC050 was drilled on one of the best sections reported to date at Kokoseb, located at the NW high-grade zone, which is inferred to be a fold hinge zone. The section has been re-interpreted as displaying three mineralised zones which are merging together. The upper zone corresponds to the northern trend, along strike while both the lower zones are coming from the western trend.

Several granitic bodies have intruded the system, being strongly controlled by dominant schistosity like the mineralised zones. KRC050 has returned the following intercepts: 20m at 2.13 g/t Au from 116m 7m at 0.64 g/t Au from 140m 7m at 1.05 g/t Au from 192m 3m at 3.23 g/t Au from 227m 12m at 2.59 g/t Au from 235m KRC052 and KRC054 are drilled on the same section that is located on the western trend (high grade central zone), between and under previously drilled holes KRC014 and KRC015. The mineralised zone displays a shallow angle at 40°, before getting steeper at depth, been controlled by the dominant schistosity.

Significant intercepts returned on the section include: 5m at 0.54 g/t Au from 60m (KRC052) 7m at 4.13 g/t Au from 82m (KRC052) 4m at 2.24 g/t Au from 96m (KRC052) 8m at 0.87 g/t Au from 106m (KRC052) 3m at 1.32 g/t Au from 138m (KRC054) 5m at 0.67 g/t Au from 150m (KRC054) 6m at 0.89 g/t Au from 158m (KRC054) 19m at 1.23 g/t Au from 184m (KRC054) KRC057 and KRC059 are drilled on section with drill holes KRC014 and KRC015, that is located 150m north of the previous KRC052-KRC054 drill section, still on the western trend. Drill hole KRC057 is infilling between previously drilled holes KRC012 and KRC013 and KRC059 is extending the mineralised zone at depth. Drill hole KRC012 has previously returned a thick high grade gold zone near surface5.

Wia is awaiting assays from drill holes that have been completed north and south of KRC012 (along strike), testing for a potential steeply eastern dipping zone that would be a second component on the drill hole. KRC057 and KRC059 have returned the following significant intercepts: 13m at 0.91 g/t Au from 69m (KRC057) 3m at 0.93 g/t Au from 100m (KRC057) 9m at 1.07 g/t Au from 106m (KRC057) 5m at 0.62 g/t Au from 162m (KRC059) 14m at 1.82 g/t Au from 172m (KRC059) Drill holes KRC045 and KRC046 demonstrate the connection between the northern and western trends. Several mineralised zones were intersected in the area and assay results are pending from the laboratory from further RC drill holes that were completed to strengthen the interpretation of these zones in terms of 3D orientation.

Drill hole KRC045 has returned an unconstrained intercept of 96m at 0.90 g/t Au, including the following intercepts: 11m at 0.55 g/t Au from 40m 4m at 0.95 g/t Au from 63m 33m at 1.06 g/t Au from 73m 8m at 2.77 g/t Au from 109m 9m at 0.80 g/t Au from 121m Drill hole KRC046 has returned 3 main mineralised zones, including the following intercepts: 13m at 0.79 g/t Au from surface 3m at 0.42 g/t Au from 23m 3m at 0.53 g/t Au from 38m 6m at 1.01 g/t Au from 44m 11m at 1.02 g/t Au from 82m 3m at 1.66 g/t Au from 109m 4m at 0.86 g/t Au from 126m 3m at 1.15 g/t Au from 133m 16m at 0.79 g/t Au from 140m The Eastern trend at Kokoseb has returned overall low grade and-or narrow gold intercepts Six drill holes ­ KRC037 to KRC042 ­ were drilled at wide spacing (approx. 200m between sections) as single holes per section to test for the gold potential along the Eastern trend. 1.1km of strike length were tested.

All drill holes have intersected gold mineralisation, with significant intercepts including: 3m at 0.75 g/t Au from 58m (KRC038) 5m at 1.28 g/t Au from 65m (KRC038) 6m at 0.52 g/t Au from 61m (KRC040) .