Wia Gold Limited (ASX: WIA) (Wia or the Company) is pleased to report the final results from a further twelve reverse circulation (RC) drill holes - KRC025 to KRC036 - completed at the Kokoseb Gold Project (Kokoseb), situated on the Company's Damaran Gold Project located in Namibia.

These drill holes are located on the southern flank of the anomaly (the southern trend), with the best results including 26m at 2.02 g/t Au in hole KRC036 and 20m at 2.09 g/t Au in hole KRC035. The total continuous gold mineralised strike has been extended to 4.4 km towards the south and gold mineralisation intersected in both KRC036 and KRC035 have confirmed a fourth high-grade mineralised zone on the southernmost side of Kokoseb. At the end of November, 45 RC holes for 8,703 metres have been completed at Kokoseb. The along strike reconnaissance drilling has now been completed and results are pending from the holes completed on the eastern trend. Infill drilling has commenced on the high-grade NW Zone, which is expected to be the main host of a maiden mineral estimate targeted for Q2 2023.

Wia's Chairman, Andrew Pardey, commented: 'The wide space reconnaissance drilling along the Kokoseb gold anomaly was an important step in identifying priority targets for infill drilling. Infill drilling has now commenced at the NW Zone and will significantly ramp up with the addition of a second drill rig. We are now looking forward to the definition of a maiden mineral estimate at Kokoseb.

'We are also delighted with these latest RC drilling results that have highlighted a new high-grade zone - the fourth such zone at Kokoseb - located on the southern side of the Project. A further 1.8km of continuous mineralised strike was added, which brings the total strike length to 4.4km, some of which has been drilled with single holes at 300m spacing. 'The RC drilling program to date has been a resounding success, as all holes have intersected gold mineralisation and at least four high-grade zones now defined. The system remains open along strike and at depth.'

Contact:

Andrew Pardey

Chairman

T: +61 8 9381 5686

Competent Person's Statement

The information in this announcement that relates to exploration results at the Kokoseb Gold Project located on the Company's Damaran Gold Project is based on information compiled by Company geologists and reviewed by Mr Pierrick Couderc, in his capacity as Exploration Manager of WiaGold Limited. Mr. Couderc is a member of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Couderc consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

About Wia's Namibia Projects

Since 2018 the Company has successfully consolidated a very large land position on the Damaran belt in central Namibia (the Damaran Project), which is strategically located along key regional structures. The Damaran Project consists of 12 tenements with a total area of over 2,700km2 held under joint venture with the state-owned mining company, Epangelo and a local Namibian group.

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