WARABA GOLD LTD - WARAF STOCK NEWS

Waraba Gold (CSE: WBGD) has announced initial results from its 2024 Phase 1 reverse circulation (RC) drill program at the Fokolore Gold Project in western Mali. Key highlights include:

• 13 RC drill holes completed, totaling 1369 meters
• 1369 RC drill samples collected
• Significant gold intercepts from the Mamoudouya Target, including:
• 7 m of 2.80 g/t Au from 13 m, including 2 m of 8.36 g/t Au
• 4 m of 3.19 g/t Au from 28 m, including 1 m of 11.77 g/t Au
• 3 m of 3.73 g/t Au from 57 m, including 1 m of 7.98 g/t Au

The drilling program aims to expand the potential exploration target from 2.3 km to 3.5 km along strike. Drilling is ongoing, with plans for Phase 2 and 3 to follow.

Waraba Gold (CSE: WBGD) (FSE: ZE0) (OTC Pink: WARAF) has announced a significant change in its leadership team. Effective August 2, 2024, Mr. Carl Esprey has stepped down from his role as interim Chief Financial Officer. The company has appointed Mr. José Teixeira as the new Chief Financial Officer and a member of the board of directors. Carl Esprey, who remains a director of the company, expressed his satisfaction with Mr. Teixeira's appointment to the Board. This management change marks a new chapter for Waraba Gold , potentially bringing fresh perspectives and expertise to the company's financial leadership and strategic direction.

Waraba Gold (CSE: WBGD, FSE: ZE0, OTC Pink: WARAF) has concluded a non-brokered private placement of common shares, raising $777,726. The placement issued up to 13,429,900 common shares at a price of $0.03 each. The funds will be utilized for exploration and general working capital. The issued shares will be under a statutory hold period of four months and one day from the issuance date.

Waraba Gold announced the commencement of a new drilling campaign at its Fokolore Gold Project in West Mali, West Africa. This marks 'Phase 1' of a three-phase program designed to extend the strike length of historic high-grade gold mineralization. During this phase, Waraba aims to carry out 76 reverse circulation drill holes, averaging 120 meters in depth, and 2,350 meters of rotary air blast drilling. 'Phase 2' and 'Phase 3' will follow based on initial results, with the potential for 20,000 meters of RC drilling and 2,000 meters of diamond core drilling. The first phase is expected to be completed in four to six weeks, with results announced as they become available.

Waraba Gold announces a non-brokered private placement to raise up to $1,000,000 for exploration activities, offering 33,333,333 common shares at $0.03 per share. The proceeds will fund immediate exploration efforts.

Waraba Gold Limited (WARAF) closes the first tranche of a non-brokered private placement financing, raising gross proceeds of $276,677.97. The company issued 9,222,599 common shares at $0.03 per share. The offering will be used for exploration and general working capital purposes.

Waraba Gold Limited announces a non-brokered private placement financing for gross proceeds of up to $500,000 through the issuance of 16,666,667 common shares at a price of $0.03 per share. The CEO has committed to subscribe for 833,333 Common Shares in the Private Placement for an aggregate purchase price of $25,000. The participation of insiders in the Private Placement will be considered a related party transaction. No finder's fees are payable in connection with the Private Placement.