Tsodilo Resources Limited Reports Earnings Results for the First Quarter Ended March 31, 2023

Tsodilo Resources Limited (Tsodilo) is a Canada-based exploration stage company, which is engaged principally in the acquisition, exploration and development of mineral properties in the Republic of Botswana. It is engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources (Pty) Limited (Gcwihaba) and Bosoto (Pty) Ltd. (Bosoto) projects in Botswana. The Company has a 100% stake in its Gcwihaba project area consisting of five metal (base, precious, platinum group, and rare earth) prospecting licenses all located in the North-West district of Botswana. The Company has a 100% stake in Bosoto (Pty) Ltd. which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana. Tsodilo manages the exploration of the Gcwihaba and Bosoto projects. The Company also holds a 100% interest in Newdico (Pty) Limited, which provides administrative, operational, exploration, geophysical, and drilling services to the Company's other subsidiaries.