• New assay results show high-grade gold intersections
• Intersections include 3.9m at 42.35 g/t Au and 2.0m at 32.01 g/t Au
• Drilling program validates revised geological model
• Updated Mineral Resource Estimate expected in late August
• Drilling continues with 75,000 metres planned

Tolu Minerals Limited has announced new drill results from 17 diamond drill holes at the Tolukuma Gold Mine, delivering further high-grade gold intersections. Notable results include 3.9m at 42.35 g/t Au from 84.1m and 2.0m at 32.01 g/t Au from 20.0m. These results confirm the continuity and grade of mineralisation across multiple vein systems, including Fundoot, Fundoot Splay, Gulbadi, Gufinis, and Zine. The drilling program continues to validate the revised geological model, which now recognizes 44 mineralised veins and splays, an increase of approximately 15%. The updated Mineral Resource Estimate is on track for release in late August 2026. With seven rigs operating and approximately 75,000 metres of drilling planned, Tolu Minerals anticipates a period of strong news flow as it advances towards first production by Q1 2027.

Updated Mineral Resource Estimate expected in late August 2026

Tolu Minerals anticipates continued exploration success and resource growth, with a significant drilling program underway to support the updated Mineral Resource Estimate and pathway to first production by Q1 2027.