Avesoro Resources Inc. announced the results of an upgraded Mineral Resource and Mineral Reserve Estimate, and an updated Life of Mine ("LOM") plan, for its Youga Gold Mine ("Youga") in Burkina Faso. Highlights: Four year LOM extension to 2031 based on current Proven and Probable Mineral Reserves, with potential to extend further with additional drilling of existing Mineral Resources to upgrade the confidence level and prospective satellite targets across the Company's 763km2 exploration portfolio surrounding the Youga, Ouaré and Balogo deposits; Proven and Probable Mineral Reserves increased by 23% to 14.74Mt containing 814,900 ounces of gold grading 1.72g/t; Youga Mineral Reserves are 7.8Mt containing 372,200 ounces of gold grading 1.5g/t; Ouaré Mineral Reserves are 6.7Mt containing 403,000 ounces of gold grading 1.9g/t; Balogo Mineral Reserves are 0.2Mt containing 39,700 ounces gold grading 5.7g/t; Measured and Indicated Mineral Resource of 22.16Mt containing 1,189,100 ounces of gold grading 1.67g/t; Inferred Mineral Resource of 7.6Mt containing 377,000 ounces of gold grading 1.5g/t; Total forecast recovered gold of 734,066 ounces over LOM; Total upfront capital of USD 17.7 million for the construction of the Ouaré to Youga haul road, Tailings Storage Facility ("TSF") upgrades and the mobilization of contract operations, plus sustaining capital costs of USD 17.8 million, including TSF expansion and mine closure; Average LOM operating cash costs of USD 877 per ounce and all in sustaining cash costs ("AISC") of USD 973 per ounce; and Youga post tax NPV of USD 142.6 million at a 5% discount rate with a USD 1,300/oz gold price and LOM free cash flow generation of USD 186.8 million.