Further to the announcement on 8 August 2019 regarding a security breach at the Company’s Youga Gold Mine in Burkina Faso (the “Youga Mine”), Avesoro Resources has conducted an updated risk assessment of the situation and has taken the decision to suspend all processing and mining operations at the Mine for the present time.

Serhan Umurhan, the Company CEO, is currently travelling to Youga with the General Manager of the Mine to assess the situation and determine when operations can re-commence. In the meantime, as a precaution, all Company staff at Youga have been relocated to Ouagadougou. Government security forces will remain on site to protect the Company’s assets.

The Company will provide a further update in due course.