Diamond Fields Resources Closes Acquisition of Moydow Holdings Limited Subject to Final TSX-V Approval

Jun 30, 2022

Transformative acquisition of a portfolio of gold exploration and development projects in West Africa that positions DFR for future growth
Initial focus on Labola, a highly prospective gold exploration project in Burkina Faso with an Indicated Resource of 264Koz @ 1.52g/t and an Inferred Resource of 371Koz @ 1.67g/t[1]. New drill campaign already launched with results expected in Q3
Additional exposure to minority, joint venture interests in projects located in Mali (Kalaka - 40%) and Nigeria (up to 32.5%), providing multi-stage exploration prospects
Highly experienced management and Board with track record in discovering and developing gold projects in Africa
Strong shareholder base able to support DFR's ambitious growth plans with over $6M raised from existing shareholders as well as directors and officers since the announcement of the Moydow acquisition
Board changes to be effective following final approval of the TSX-V

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