Avesoro Resources Inc. provided the following update on operations at its Youga Gold Mine in Burkina Faso (‘Youga’), and New Liberty Gold Mine in Liberia (‘New Liberty’). Youga update: Following the previously reported security incident, Avesoro has restarted the mill and mining operations at Youga. However, following a more detailed assessment of the damage incurred to property during the incident it has now been confirmed that a number of haul trucks, excavators and auxiliary equipment within the Heavy Mining Equipment (‘HME’) fleet were vandalised beyond repair. As a consequence, the mining fleet capacity has been substantially reduced in the short term. Fortunately, no damage was sustained to the process plant or its associated facilities with the mining equipment being the focus of the incident. As previously announced, Orkun Group Sarl (‘Orkun’), the Company's mining contractor has begun to ship additional HME comprising five excavators, 15 haul trucks and auxiliary equipment to Youga, which is expected to alleviate the situation to some extent. However, as announced on June 10, 2019, the Company has experienced significant ore dilution at the Gassore pit at Youga, and following recent events, the Company is currently assessing the longer-term viability of ongoing mining operations at Youga and will make a further announcement in this regard in due course. New Liberty Update: It was initially assessed that the heavy rain at New Liberty and resultant flooding of the main pit would result in ore mining being suspended for a period of ten days to allow adequate dewatering of the main pit. As a result of further substantial rainfall and a reassessment of the situation, it is now anticipated that there could be no access to ore until early September depending on the amount of rainfall in the meantime. The mining fleet is continuing to focus on waste stripping operations during this time. Additionally, due to limited mill stockpiles, it is expected that gold shipments in August will be less than 1,000 ounces.