Mr. Regan Isenor reports
SYLLA GOLD EXTENDS FINAL SANANFARA OPTION PAYMENT AND PROVIDES DEGUEFARAKOLE LICENCE RENEWAL UPDATE
Sylla Gold Corp. has entered into an amending agreement with Touba Mining Junior SARL extending the final cash payment date pursuant to its option to acquire a 100-per-cent undivided interest in the Sananfara gold exploration permit in the Kangaba area, Koulikoro region, Mali. Sananfara is the final option agreement remaining to be exercised of the four option agreements (Deguefarakole, Niaouleni West, Samaya South and Sananfara) that comprise Sylla's 100-per-cent interest in its 17,200-hectare Niaouleni gold project.
The final cash payment of 80 million West African francs (approximately $200,000) is now payable by Feb. 28, 2027. The final cash payment was previously due by Aug. 31, 2026.
The payment extension provides Sylla with additional time to complete the remaining payment while it waits for the renewal of its 100-per-cent-owned Deguefarakole permit to be processed by the Malian government.
"We are very pleased that Touba was amenable to extending the final Sananfara payment as we await the renewal of the Deguefarakole permit so we can advance our plans in Mali," said Regan Isenor, president and chief executive officer of Sylla Gold. "We remain encouraged by our ongoing discussions with government officials regarding the Deguefarakole renewal. Receipt of the renewal will be an important step towards advancing the next phase of exploration at Niaouleni."
Deguefarakole licence renewal update
Sylla continues to await the renewal of its Deguefarakole exploration licence, a key component of the company's Niaouleni gold project. The company filed its renewal application in April, 2026, and remains in regular communication with the Malian government. The timing remains subject to completion of the government's administrative procedures.
Qualified person statement
All scientific and technical information contained in this news release was reviewed and approved by Gregory Isenor, PGeo, director of Sylla Gold, who is a qualified person as defined in National Instrument 43-101.
About Sylla Gold Corp.
Sylla Gold is a Canadian mineral exploration company focused on advancing its Niaouleni gold project in southern Mali, within the Niaouleni-Kobada-Sanankoro gold corridor. Previous drilling at Niaouleni has returned high-grade gold results, highlighting the project's exploration potential. Geological modelling and geochemical surveys have identified multiple targets along the mineralized shear zone, providing opportunities to extend known mineralization and test additional zones through systematic exploration and drilling.
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