Mr. Oscar Louzada reports

SRANAN GOLD'S LAWATINO RECONNAISSANCE SAMPLING PROGRAM RETURNS GRAB SAMPLE ASSAYS OF UP TO 101.5 G/T GOLD

Sranan Gold Corp. has released high-grade gold assays from the first batch of samples from its Lawatino property, located in Suriname. The initial results from the phase I reconnaissance program returned numerous assays greater than one gram per tonne gold (see Table 1) including one sample of a mineralized quartz vein that graded 101.5 grams per tonne gold.

The one-plus g/t gold grab samples were collected in two areas of historical artisanal surface mining referred to as the 101 and Bodoe zones. The two zones are separated by approximately 1.5 kilometres, in a northwest-southeast direction, situated subparallel to the Central Guiana shear zone (CGSZ). The 101 and Bodoe zones occur in an area of relatively low fracture density, a pattern consistent with known gold occurrences observed elsewhere in the region. The area between the two zones has yet to be sampled. The CGSZ, the primary regional structure, which trends across the Lawatino concession, influences the gold mineralization at the adjacent Founders Metals' Antino gold project and Miata Metals' Sela Creek project, two of the most active gold exploration projects in Suriname.

Commenting on the initial results from the Lawatino reconnaissance program, Oscar Louzada, chief executive officer of Sranan Gold, stated: "In less than a month after mobilizing our geological team, initial sampling has identified two showings of high-grade gold mineralization supporting our view that the Lawatino property has the potential to host significant gold mineralization. The 101 zone and Bodoe zone lie 1.5 kilometres apart along the same NW-SE structural trend. Over the next few weeks, an excavator will be mobilized onto the property to not only expose the extent of the gold mineralization at the 101 and Bodoe zones, but to cut regularly spaced trenches along the 1.5-kilometre trend separating the two zones. It is important to stress that we have only just started examining the 18,468-hectare Lawatino property and, considering the widespread historical alluvial mining on the property, we are confident that Sranan will continue to identify further high priority gold showings."

Reconnaissance sampling program

The 11 samples grading greater than one gram per tonne Au were part of the first batch of 43 assays received from the reconnaissance program. In addition to the one-plus g/t Au samples, four samples grading between 0.17 and 0.24 g/t Au were returned. Initial sampling targeted easily accessible areas of historic artisanal mining. Rock and saprolite samples are representative grab samples collected over the immediate area of the in-situ sampled outcrop or weathered surface. A sample was classified as float, typically quartz vein material, if it could not be clearly identified as being in-situ.

Quality control and quality assurance

Samples are collected by Sranan geologists and placed into sample bags. Sample details, including location, are recorded via tablet and synced using the Bedrock application (Rogue Geoscience). Each sample is tagged with a barcode which is, in turn, scanned via the Bedrock application. The unique identification barcode is placed into each bag and the bags secured. A reference piece of the sampled rock is separately collected, appropriately numbered and stored for reference. Samples are securely stored at the Sranan exploration camps. On a weekly basis, samples are placed in large shipping bags, sealed and shipped to the Filab preparation facility located in Paramaribo, Suriname. Samples are processed and assayed by Filab, a Bureau Veritas certified laboratory (under ISO 9001:2015), which is independent of the company. Samples are crushed to 75 per cent passing 2.35-millimetre screen, riffle split (700 g) and pulverized to 85 per cent passing 88 micrometres. Samples are analyzed using a 50-gram fire assay with an Atomic Absorption (AA) finish. All samples >2 g/t Au are re-assayed with 50-gram reassay and gravimetric finish. All samples with visible gold identified during sampling are reassayed with 50-gram reassay and gravimetric assay. During the reconnaissance sampling program, Sranan relies on standards inserted by Filab to identify issues with assay results. No data quality problems were indicated by Filab's QA/QC program.

Qualified person

Michael Dufresne, MSc, PGeo, a qualified person as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Mr. Dufresne is independent of the company, as that term is defined under NI 43-101.

About Sranan Gold Corp.

Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The company is currently drilling its 29,000-hectare Tapanahony project, located in one of Suriname's most prolific artisanal gold mining districts, and Sranan has recently commenced exploration activities at its recently acquired 18,468-hectare Lawatino project, situated in southeastern Suriname along the Central Guiana shear zone.

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