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Oklo Resources Limited

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Oklo Resources : Drilling Commences at Kouroufing Project In West Mali

May 27, 2018 at 07:33 pm EDT

28th MAY 2018

DRILLING COMMENCES AT KOUROUFING PROJECT IN

WEST MALI

Oklo Resources Limited ("Oklo" or "the Company") is pleased to announce that auger geochemical drilling has commenced at the Kouroufing Project, located 20 kilometres southeast of the Company's flagship Dandoko Project in western Mali.

The program will comprise of approximately 15,000 metres with auger holes drilled on 400m spaced lines at a hole spacing of 100 metres along each line. Auger holes will sample the top 2-3 metres of bedrock material below areas of extensive lateritic profile, soils and cover material. Similar reconnaissance auger bedrock geochemical drilling has been instrumental in the identification of recent gold discoveries at Oklo's Dandoko Project. Collected samples will initially be stored and will be analysed during the upcoming wet season so as not to delay analysis of samples from Dandoko.

The Kouroufing Project covers an area of 90km2 within the Kenieba Inlier to the east of the regionally significant Senegal Mali Shear Zone ("SMSZ"). The SMSZ and associated northeast-trending splay structures are spatially related to several major gold projects including: Fekola (5.2Moz), Loulo (12.5Moz), Gounkoto (5.4Moz), Yatela (3Moz), Sadiola (15Moz) and Sabodala (10Moz).

The Kouroufing Project covers a largely unexplored tract of highly prospective Proterozoic Birimian greenstones in a comparable geological setting to the nearby, multi-million ounce gold mining operations and recent discoveries (Figure 1). Oklo has identified northeast-trending structures within the Project area, which are considered similar to those within the Company's nearby Dandoko Project associated with the 12km long, northeast-trending gold corridor recently outlined by a similar auger geochemistry program.

It is anticipated that the program will take approximately 50 days and the Company will endeavour to try and complete before the start of the wet season in July.

- ENDS -

For further information, please contact:

Simon Taylor	Phil Retter
Managing Director	Investor Relations, NWR Communications
T: +61 2 8319 9233	T: +61 407 440 882
E:staylor@okloresources.com	E:phil@nwrcommunications.com.au
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28th MAY 2018

Figure 1: Location of the Dandoko, Moussala, Kouroufing and Kandiole gold projects in west Mali.

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Oklo Resouces Limited published this content on 28 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 May 2018 23:32:01 UTC

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Company Profile

Oklo Resources Limited is an Australia-based mineral exploration company. The Company is engaged in the identification of potential mining resource assets for acquisition, acquiring same, conducting mineral exploration in the Republic of Mali. The Company's projects include Dandoko, Other West Mali Projects and South Mali Projects. The Dandoko Project covers approximately 134 square kilometers (km2) and is located to the east of the prolific Senegal-Mali Shear Zone. Surrounding the project are numerous gold deposits, including B2Gold's 7.1Moz Fekola gold project (30 km west) and Barrick's 18Moz Loulo-Gounkoto Gold Mining complex (50 kilometers north-northwest). Its Other West Mali Projects include Kouroufing, Kossaya and Sari Projects, Kandiole Project, Moussala Project and Socaf Project. The South Mali projects include the Yanfolila, Yanfolila Est, Kolondieba, Kolondieba Nord, Sirakourou, Solabougouda and Solabougouda Sud (under application) licenses.

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