ALGOLD RESOURCES LTD. announced that the Mauritanian Ministry of Oil, Energy and Mines (the “Ministry”) has granted a 12-month extension to the Corporation for the completion of the Tijirit Gold Project feasibility study. At Algold’s request, the Government of Mauritania granted an extension for the delivery of the feasibility study. This will allow the Corporation to pursue more technical work, including drilling, metallurgy and hydrogeology, which can potentially expand the project’s scope and resources. The extension also clearly indicates the Ministry’s confidence in the Tijirit project. The feasibility study was originally scheduled for completion by the end of 2018.