Updated Presentation and Exploration at Nimba

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

28 May 2024

Hamak Gold Limited

("Hamak Gold" or the "Company")

Updated Corporate Presentation and Exploration at Nimba

Hamak Gold Limited (LSE: HAMA) is pleased to announce that it has updated its corporate presentation and uploaded it to its website at https://hamakgold.com.

The Company further announces that it has commenced the next phase of exploration work at its high-grade Ziatoyah gold discovery in the Nimba permit in northern Liberia. Work will follow the recommendations of its independent consulting geologist Dr Colin Andrew. This will include detailed field and structural mapping, rock chip sampling and trenching aimed at determining the next sequence of drill holes to follow the continuation of the wide mineralised gold intersection discovered at Ziatoyah into the strong gold in soil anomaly that extends along a 5.7km x 1km northeast trending zone, where numerous peak values of over 1,000 ppb ("parts per billion") are recorded.

Karl Smithson, Executive Director of Hamak Gold commented: 

"This structured exploration programme is the next step in further evaluating the continuity and structural control of the gold mineralisation so far discovered at Ziatoyah, including a best intersection of 20m @ 7g/t Au. within the northeast trending extensive gold in soil anomaly, the majority of which is yet to be tested. The aim of this work is to enable planning of the next sequence of drill holes in the exploration programme."

Figure 1: Location of Nimba Permit

Figure 2: Ziatoyah Discovery Area in the Nimba Permit

Figure 3: Ziatoyah Discovery Showing Extensive Gold in Soil Anomaly and Location of Drill Holes

For the purposes of UK MAR, the person responsible for arranging the release of this announcement on behalf of Hamak Gold is Karl Smithson, Executive Director.

For further information you are invited to view the Company's website at www.hamakgold.com or please contact:

About Hamak Gold Limited

Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold exploration of a portfolio of licences in highly prospective areas of Liberia, where significant drilling results have identified a new high-grade gold discovery with the discovery hole returning 20m @ 7g/t Au near surface in its Nimba licence on the border with Ivory Coast which is located in proximity to the commercial Ity Gold Mine.