Increase Of Inferred Resources And Construction Update Incluning Bridge Extension At Mansounia Deposit

QUEBEC CITY - Robex Resources Inc. reported on the Mineral Resources Estimate Update for the Mansounia deposit and start of an optimized Feasibility Study (FS) for Q2 2024. This will include 1) Prioritizing workstreams to bring Mansounia in the Kiniero project and review the impact on the project timeline. 2) Extension of the existing US$ 35m Bridge Facility with Taurus Mining Finance Fund No. 2, L.P. alongside their support for the US$ 115m Project Finance Facility.

The total contained gold for Mansounia Inferred Mineral Resources on a standalone basis has increased by +169% compared to the previous 2022 Kiniero Gold Project Feasibility Study MRE on Mansounia. The 2023 MRE update for Mansounia increases the total contained gold of the Kiniero Gold Project Inferred Mineral Resources by +52% compared to the previous 2022 Kiniero Gold Project FS MRE.

Following completion of the first phase of Mineral Resource delineation drilling at the Mansounia deposit1 and recent drill spacing study, Robex reports a significant increase in its inferred resources base. The Mansounia Central deposit is approximately 3km south of the Kiniero processing plant at the Kiniero Gold Project in Guinea, West Africa.