Waraba Gold Signs Binding Agreement to Establish Joint Venture Relating to Tengrela South Exploration Permit Application in Cote d'Ivoire

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Transaction Highlights 90/10 joint venture with Waraba Gold holding 90% interest (through its wholly owned subsidiary, Waraba Gold Resources Côte d'Ivoire SARLU ("WGCDI")) to be established ("JVCo") Target property located directly adjacent to Waraba Gold's existing earn-in asset, the 399 km² Tengrela exploration licence, northwest Côte d'Ivoire Strategically positioned in the Boundiali greenstone belt between the Tongon gold mine, Syama gold mine, and Sissingué gold mine. Total staged consideration: US$1,050,000 cash (inclusive of advisory fee), 1,500,000 common shares in the capital of the Company ("Common Shares"), and a 2.5% net smelter return ("NSR") royalty Permit application filed January 22, 2025 will be transferred to JVCo, subject to Ministry of Mines, Petroleum and Energy of Côte d'Ivoire ("MMPE") regulatory approval Permit area of 395 km² underlain by a prospective NNE-NS structural corridor; historical Barrick (Randgold) soil geochemistry returned anomalies of up to 501 ppb Au, with interpreted structural continuity into Waraba Gold's adjacent Tengrela licence Vancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Waraba Gold Limited (CSE: WBGD) (FSE: ZE00) (OTC Pink: WARAF) ("Waraba Gold" or the "Company") is pleased to announce that it has entered into a binding "accord de co-enterprise" dated April 28, 2026 (the "Agreement") with Ratel Resources SARL ("Ratel"), an arms-length Ivorian company, to acquire a 90% interest in its mineral exploration permit application in the Tengrela Department of northern Côte d'Ivoire (the "Tengrela South Property" or the "Property"). Property Description The Tengrela South Property comprises Permit Application No. 0256DMICM23/01/2025, submitted to the MMPE on January 22, 2025. The permit application has not yet been granted and remains subject to regulatory approval by the MMPE. The Property is situated directly adjacent to the Company's existing earn-in interest in the Tengrela exploration licence (399 km², held through Somaco Global Resources SARL), and is considered by the Company to form part of the structural extension of the Syama gold system. The Tengrela South Property encompasses 395.22 km² and is situated immediately south of and contiguous with the Company's existing Tengrela licence. The property was previously explored under a joint-venture agreement in which Barrick Gold Corporation (...

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