• DeSoto adds 242km2 to its Guinea Portfolio with new projects
• Projects located along the 'Siguiri Gold Mineralisation Trend'
• Consolidates DeSoto's southwest project grouping to 687km2

DeSoto Resources Ltd has signed an agreement to acquire three reconnaissance authorisations - the Dalaban, Woussoubadou and Branama Projects - from United Mining SARL, a local mining entity in Guinea. The new projects are located along the 'Siguiri Gold Mineralisation Trend', a favourable structural and geological corridor that includes the 9.2Moz Siguiri Mine operated by AngloGold Ashanti and the 0.9Moz Kada Project owned by Asara's Resources. The acquisition consolidates DeSoto's southwest project grouping, adding 242km2 of exploration ground to its existing portfolio, for a total of 687km2 of near-contiguous tenure in the region. The new permits are centrally located within the Siguiri Basin, along a structurally defined corridor that has seen limited modern exploration. Geological studies have identified the intersection of north-south trending belts containing interpreted Tarkwaian conglomerates, cut by northeast-southwest trending faults, as a focus for gold exploration in the region. DeSoto plans to undertake a systematic exploration program including geochemical sampling, regolith and artisanal mapping, and follow-up drilling, with the objective of delineating large-scale gold systems. The company will continue to seek additional ground and targets within the Siguiri Basin as part of its strategy to consolidate one of West Africa's most prospective gold provinces.

DeSoto will continue to make applications and acquisitions in the Siguiri Basin to deliver more ground, more targets and more opportunity.