Kiboko Gold Inc. reports that the resource evaluation from its Phase 1 exploration program for its Harricana Gold Project is approaching completion. The Company is actively working with the independent Qualified Person (?QP?) to complete the process necessary for reporting a mineral resource, which is expected to be completed soon. The evaluation process is based upon a comprehensive dataset totaling more than 85,000 m, including 70 holes (totaling 11,269 m) drilled by Kiboko between September 2022 and April 2023.

The resource evaluation process has been integral to updating geological models, improving the understanding of the geological framework, and replacing Kiboko?s exploration model with a grade-tonnage model. Kiboko?s Harricana Gold Project is a consolidated 100+ km2 prospective mineral claim package that is located 55 km north of Val-d?Or, Québec, in the world-renowned Abitibi greenstone belt. Historical records compiled and digitized by Kiboko into a new geospatial dataset include data from 937 historical diamond drillholes totalling 139,397 m and 70 drillholes totalling 11,269 m drilled by Kiboko between September 2022 and April 2023, for a grand total of more than 150,000 m of drilling.

The Harricana Project benefits from an exceptional location, close to operating mines, with excellent access and proximity to existing infrastructure, including a major highway, rail, and clean, low-cost, renewable hydroelectric grid power. The Harricana Project also benefits from low royalty coverage with the most significant royalty being a 2% NSR production royalty held by Globex Mining Enterprises Inc. on 195 claims covering an area of 85 km2, which includes the areas drilled in the Company?s Phase 1 drill program.