Stellar Africa Gold Hits 4 Meters of 11.48 gt Gold in Trench T4-5 at Namarana Gold Project, Mali

Vancouver - Stellar AfricaGold Inc., (TSX.V: SPX, OTCQB: STLXF, TGAT: 6YP1 and FSX: 6YP1) ('Stellar' or the 'Company') is pleased to announce the results of the 5 trenches across Zone 4 from the trenching program at the Namarana Gold Project in Mali.

Results Summary

Stellar is pleased to announce the assay results from Zone 4 of the mechanized trenching program at the Namanara Gold Project. New results include 4.40 g/t Au over 10.0 meters (including an internal interval of20.85 g/t Au over 2.0 meters) and 11.48 g/t Au over 4.0 meters. These new results from all 5 trenches of Zone 4 are very consistent with the previous results of trench T4-2 which included 2.9 g/t Au over 16 meters (including 6.4 g/t Au over 3 meters including 12.15 g/t Au over 1 meter) (news release March 8, 2022). With these results Stellar can confirm the discovery of an extensive high-grade gold structure on Stellar's 100% owned property in Mali. Planning for a follow-on drill program is underway.

About the Namarana Permit

On December 8, 2021, Stellar's 100% owned Mali subsidiary, Stellar Pacific Mali SARL, was awarded the Namanara Exploration Permit, a 52 Km2 in area located 130 km NW of Bamako in the Kankaba Circle of the Koulikoro district. This award of a full exploration permit followed an earlier short-term 'look-see' exploration authorization.

During the window of the 'look-see' authorization an extensive reconnaissance program was conducted over the Namarana Permit area. A total of 11 artisan mine sites were visited, mapped and sampled.

Sample collection was done by a team of experienced senior local geologists under the direction of Maurice Giroux, V.P. Exploration and COO of Stellar. The samples were bagged at the sampling site and stored in safe areas until being transported to SGS in Bamako for analysis.

A total of 245 samples were sent to the lab. In addition, for the purpose of quality control, 10 standards, 7 duplicates and 7 blanks samples were added to the batch and are well within the acceptable limit. The blank sample values were all below the detection limit for gold.

New Stock Exchange Listing of Stellar Shares

Stellar has listed its shares for trading on the Tradegate Exchange, Berlin, Germany, part of the Deutsche Borse AG Group. The Tradegate Exchange specializes in executing orders for private investors. Stellar is also listed on the Frankfurt Stock Exchange which is part of the Deutsche Borse AG Group. Stellar's trading symbols for both exchanges is TGAT: 6YP1 and FSX: 6YP1)

About Stellar AfricaGold Inc.

Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange symbol TSX.V: SPX, the OTCQB Venture Market symbol OTCQB: STLXF, the Tradegate Exchange TGAT: 6YP1 and the Frankfurt Stock Exchange FSX: 6YP1.

The Company maintains offices in Vancouver, BC and in Montreal, QC and has a representative office in Casablanca, Morocco.

Stellar's principal exploration project is its gold discovery at the Tichka Est Gold Project in Morocco, a grouping of seven permits covering an area of 82 km2. The Tichka Est Property lies within the High Atlas Western Domain about 80 km SSW of the city of Marrakech. The area is accessible year-round by road to the village of Analghi located near the mineralized gold zone. Stellar also holds the Namarana Gold Project in Mali and three permits pending in Cote d'Ivoire.

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This release contains certain 'forward-looking information' under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company's current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as 'may', 'will', 'should', 'expect', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'projects', 'potential', 'scheduled', 'forecast', 'budget' or the negative of those terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties and the risks involved in the exploration, development and mining business.

Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.

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