Wia Gold Limited (ASX: WIA) (Wia or the Company) advises that assay results from the first three diamond drill holes at Kokoseb - KDD001, KDD002 and KDD008 have returned high-grade intercepts that confirm the outstanding opportunity of this large-scale anomaly.

Results include 17.4m at 2.70 g/t Au, 4.8m at 4.38 g/t Au, 27m at 1.67 g/t Au and 19.9m at 1.47 g/t Au. The diamond drilling program consisted of 12 holes, with results of the remaining nine holes expected in July. In addition, assay results from the last trenches returned pleasing grades and results from remaining infill soil sampling grids extended the anomaly and together with the results of diamond drilling, establish Kokoseb as a significant gold discovery.

The Company now plans to undertake a systematic 20,000m reverse circulation drilling program, with the first drill rig to mobilise later this month.

Wia's Chairman, Andrew Pardey, commented: 'We are delighted with these results from our maiden diamond drilling program at Kokoseb, which have defined a significant new gold discovery in Namibia and demonstrate the large-scale opportunity at Kokoseb. Not only does Kokoseb have scale, as shown by the most recent soil sampling results and by the in-situ mineralisation intersected in trenches, it also hosts high-grade mineralisation, with all three diamond drillholes returning high-grade gold intercepts. 'Our progress at Kokoseb, which has been one of progressive acceleration, now has significant momentum, with a 20,000 metre reverse circulation drilling program and further follow up programs to commence shortly

Next steps

The immediate next step at Kokoseb is the commencement of a systematic 20,000m reverse circulation drilling program, with the first drill rig planned to mobilise towards the end of June. Two additional programs are planned in June, including the selection of samples for preliminary metallurgical testwork, the results of which are expected towards the end of July and a selection of samples for thin section and polished section work, in order to further the Company's understanding of the mineralisation style and the occurrence of gold.

Contact:

Andrew Pardey

Tel: +61 8 9381 5686

About Wia's Namibia Projects

Since 2018 the Company has successfully consolidated a very large land position on the Damaran belt in central Namibia (the Damaran Project), which is strategically located along key regional structures. The Damaran Project consists of 12 tenements with a total area of over 2,700km2 held under joint venture with the state-owned mining company, Epangelo and a local Namibian group.

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