SOUTH ATLANTIC GOLD INC. announced that it has engaged Stratus Aeronautics Inc. (Strata), with headquarters in British Columbia, Canada and offices in Brazil, to perform a high-resolution drone magnetic survey over the Pedra Branca Project located in Ceará State, Brazil. Geophysical Program: The drone magnetic survey will be conducted over the Pedra Branca gold resource reported in the NI 43-101 technical report and extending 1-2 kilometers (km) laterally along the NI20E exploration trend. The objective is to use the magnetics to define a standard signature over areas of known mineralization to provide an additional guide for the exploration as well as possible additions to the magnetic survey.

These magnetic signatures should help guide the proposed drilling campaign to potentially increase the inferred mineral resources in the second quarter of 2022. Initially, the drone flight plan is scheduled to fly over two sectors: First, the Coelhos-Queimadas and Igrejinha targets to the north. The plan will be focused on the creation of a pattern at Coelhos-Queimadas and to obtain a magnetic profile over the area encompassing both the Coelhos-Queimadas and Igrejinha targets.

Second, the southern Pedra Branca tenements using the same approach as above, over the Mirador and Mir-Coelho targets. Initially a total of 508 km will be flown by Strata with line spacing of 50 meters (m).