African Gold Peer Comparison

Chifunde Project at a Glance 60 km from Kamudzu International ZAIRE Airport - Lilongwe LOCATION & 220 km from Chingozi International Airport - Tete SIZE 170 km² 80% ALG; 20% Mozambique OWNERSHIP ZAMBIA STATUS WORK COMPLETED EXPLORATION TARGET POSITIVE DRILL RESULTS DEPOSIT TYPE Partner Mining Concession granted 14 September 2021 Geophysics; 7,190 m of Diamond and RC Drilling; Soil Sampling Program; CPR by SRK 2022 220,540 - 1,369,600 oz Gold High-grade intersections of 5.00 - 38.00 g/t Au and wide lower-grade halo Shears in Thermal Aureole Gold (TAG) Setting ZIMBABWE BOTSWANA Chicualacuala SOUTH AFRICA TANZANIA Augusto Cardoso NIASSA Lichinga MALAWI Catur Fingoe TETE Songo Furancungo Vila Moatize ●Milange • Tete Cuamba Mueda CABO DELGADO Marrupal Montepuez 6 Pemba Nacala NAMPULA Lumbo Moçam Nampula Alto Molócuè ZAMBEZIA Vila de Mocuba Changara MOZAMBIQUE Vila de Sene MANICA Catandica Gorongosa Inhaminga Chimoio SOFALA Dombe Espungabera GAZA Massingin Chokwé Vila de Dondo Beira Nova Mambone Inhassoro INHAMBANE MAPUTO Xai-Xai Manhiça MAPUTO Vilanculos Inhambane Inharrime Quelimane Pebane Angoche Mozambique chanel AFRICAN LIONS GOLD plc

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