Azumah Resources Limited announced that Azumah has elected to allow joint venture partner, Ibaera Capital ("Ibaera"), to sole fund the next stage of funding of the Wa Gold Project, Ghana and completion of the Feasibility Study scheduled for year-end 2019. As recently advised, and pursuant to an Earn-In and Shareholders Agreement (EISA)(1), Ibaera has become entitled to ownership of 42.5% of the fully paid issued capital of Azumah Resources Ghana Limited (AZG), the holder of all Project mineral licences. Azumah's election will enable Ibaera to earn up to an additional 5% interest in AZG, and hence the Project, to a maximum interest of 47.5% by funding the already approved programme and budget of USD 2.25 million. The EISA provides that the actual additional interest to be earned will be determined having regard to the current value of the Project.