Mr. Regan Isenor reports

SYLLA GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR UP TO $2,300,000

Sylla Gold Corp. intends to complete a non-brokered private placement of up to $2.3-million through the issuance of up to 46 million units in the capital of the company at a price of five cents per unit. Gross proceeds of the offering are expected to be used to advance exploration and permitting objectives for the company's Niaouleni gold project and for working capital and general corporate purposes, including, as applicable, the payment of accounts payable and the repayment of loans.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of five cents per common share for a period of two years from the date of issuance.

The net proceeds of the offering are intended to position the company to proceed with the renewal of its flagship Deguefarakole licence including approval of associated work programs as well as facilitating the exercise of option agreements on the remaining three licences within the company's highly prospective Niaouleni land package. Such consolidation of these licences represents a significant step toward unlocking the district-scale potential of Niaouleni, which is strategically located within the Koulikoro region of southwest Mali, a well-endowed gold belt, proximal to several advanced-stage deposits and development projects.

In connection with the offering, the company may pay certain eligible finders a cash commission equal to 7 per cent of the gross proceeds of the offering and may issue such number of finders' warrants as is equal to 7 per cent of the units sold pursuant to the offering. Each finder warrant will entitle the holder thereof to acquire one common share at a price of five cents per common share until the date that is two years from the date of issuance.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX-V. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

We seek Safe Harbor.