Hamak Gold Limited announced positive assay results from its initial three-hole diamond drilling programme to test gold mineralization at the Ziatoyah Prospect on the Company's 100% held Nimba Permit in Liberia. Results for the initial three diamond drill holes drilled on an extensive gold in soil geochemical anomaly, which is supported by positive rock chip sample and channel sample results, have intersected broad, near surface gold mineralization containing high-grade zones with a best intercept of:20.0 metres @ 6.98 grammes per tonne ("g/t") Au from 29.0m (down the hole) in NZ22-001 including5.0 metres @ 21.73 g/t Au from 35.0m Mineralised unit open at depth and along strike Soil anomaly extends for over 2.5km x 1km suggestive of an extensive gold mineralised occurrence Intersection is located just 25km from the Ity Mine in Cote D'Ivoire and exhibits similar mineralogy The drilling confirms the depth extension of surface mineralization previously reported of 14.0m @ 1.98 g/t Au from channel sampling, and which remains open at depth. An initial programme of diamond drilling, comprising three holes for a total of 450m, has been completed at the Ziatoyah Prospect on the 100% held Nimba Permit in Liberia.

This initial target was located at the north-eastern margin of a 2,500m long gold in soil geochemical anomaly adjacent to artisanal mine workings. Drilling of holes NZ22-001 and 002 was targeted to test channel sample results of 14.0m @ 1.98 g/t Au and 3.0m @ 3.14 g/t Au returned from the sidewalls of an extensive artisanal mining excavation, where an exposed metadolerite unit also returned rock chip sample results of 46 g/t Au and 37 g/t Au. Hole NZ22-003 was targeted on a soil geochemical anomaly located some 1,250m north of the first two drill holes.

The host rocks of the mineraliation intersected by drilling are dominated by Archaean-aged medium grained grey-green mafic intrusives comprised of plagioclase, amphibole, magnetite and chlorite with fine-grained crystalline pyrite. So far initial technical appraisal of the gold mineralization at Ziatoyah suggests that the gold occurs as free grains within disseminated crystalline and aggregates of vetiform pyrite attaining levels of between 1% and 10% of the rock mass which is dominated by locally carbonatized metadolerites. Microscopic free gold has been identified at numerous locations within the mineralized drill core.

Local shearing appears to enhance the sulphide content and may be coincident with minor endo-skarnification dominated by iron sulphides with free gold, chlorite, epidote, tremolite and/or actinolite. A programme of petrological studies is in progress to better define the styles and associations of the gold mineralization. Importantly the mineralization seen in the drilling to date is mineralogically restricted indicating potentially simple process routes.

Scoping metallurgical test work will be undertaken as part of the next step of the assay process. It is believed that the styles of this gold mineralization bear certain similarities to that currently being mined at Endeavour Mining's Ity Mine in neighbouring Cote d'Ivoire, only c.25 kilometres to the north-east of Ziatoyah, though the Company is still working on establishing the context of the geology and geological model for the mineralization. This initial drilling has confirmed the presence of bedrock gold in the area immediately beneath the positive channel sample results at Ziatoyah, located to the southern edge of an extensive gold in soil anomaly previously reported.

This, coupled with the presence of extensive artisanal mining operations in the area confirms the potential for economic concentrations of gold mineralization. Hole NZ22-002 appears to have been drilled parallel to the dip of the mineralization intersected in hole NZ22-001 and thus failed to cut the mineralized zone. Hole NZ22-003 was drilled on a separate soil geochemical target and intersected a narrow zone of similar style mineralization at depth.