Handeni Gold Inc. and IPP Ltd Announce Amendments to Unsecured Term Loan Facility Agreement

Handeni Gold Inc. is an exploration-stage company. The Company operates through the acquisition and exploration of mineral properties segment. The Company's principal business is the acquisition and exploration of mineral resources located in Tanzania, Africa. Its principal area of focus is the Handeni Gold Project located in the Handeni district, within the Tanga region of the Republic of Tanzania in East Africa, in which it has interests in mineral claims through prospecting licenses (PLs) and/or primary mining licenses (PMLs). The Handeni Gold properties lie within the Handeni artisanal gold mining district, located in Tanga Province, approximately 175 kilometers (km) northwest of Tanzania's city, Dar Es Salaam, and about 100 km southwest of the more northerly coastal city of Tanga. The total area held by the Company in the Handeni district is approximately 236.65 square kilometers.