• Desoto-Fortuna JV signs HOA for seven Guinea gold projects
• Projects cover 591.43km² in the Siguiri Basin
• Transaction structured with staged payments and exploration milestones

DeSoto Resources Ltd, through its joint venture with Fortuna Mining Corp., has secured an initial package of seven gold exploration projects in Guinea's Siguiri Basin. The projects, covering approximately 591.43 square kilometers, are part of a staged acquisition structured with payments linked to tenure progression and exploration milestones. The transaction includes a three-month due diligence period and exclusivity over the selected portfolio. The acquisition provides the JV with an immediate platform to commence project review, tenure validation, and early-stage exploration planning. The Siguiri Basin is considered one of the few remaining gold provinces globally with potential for large, open-pittable gold discoveries.

The acquisition package provides a significant landholding in a highly prospective region, creating a platform for systematic project generation and exploration.