REG - Oriole Resources PLC - Eastern CLP Gold Exploration Update

Oriole ResourcesAnnouncement

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RNS Number : 6582A  Oriole Resources PLC  16 April 2026

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR.  Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Oriole Resources PLC

("Oriole Resources" or the "Company")

 

Eastern CLP Gold Exploration Update

 

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration and
development company focused on Central and West Africa, is pleased to provide
an update on its 90% owned Eastern Central Licence Package ("Eastern CLP")
permits in Cameroon, which comprises four licences: Ndom, Pokor, Niambaram,
and Tenekou.  The Eastern CLP is contiguous with the Company's Mbe licence
where the Company has recently reported a total Inferred Mineral Resource of
1.23Moz gold ("Au").

 

Highlights

 

·    Oriole has conducted a range of exploration programmes across its
Ndom, Pokor and Niambaram licences within the Eastern CLP.

·    Recent selective rock-chip sampling at Ndom has returned gold grades
of up to 17.00g/t Au, related to NW-trending quartz veins that show
similarities with mineralisation observed at the Company's Mbe project.
Follow-up exploration is being planned.

·    Mapping and rock-chip sampling is currently underway at Pokor, on
prior gold-in-soil anomalism identified in the south of the licence.

·    Soil sampling over earlier discovered stream-in-soil anomalism at
Niambaram has been completed for 1,944 samples (including QAQC) and results
are anticipated in H2-2026.  Results from selective rock-chip samples taken
during the programme have returned up to 1.39g/t Au.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "The Eastern
CLP licences, two of which adjoin the Mbe licence, which already hosts a major
1.23Moz deposit, have excellent district scale prospectivity for the discovery
of gold.  We are especially pleased with the rock-chip sampling results at
Ndom and eagerly look forward to follow-up work there and more results from
ongoing exploration on the other Eastern CLP licences."

 

Figure 1. Recent selective rock-chip sampling results for Ndom, taken over
areas of regional stream sample anomalism (also see Figure 3) with
stream-sediment point data and mapped regolith with area of coincident
gold-in-stream and gold-in-soil anomalism denoted by the red box.

Further Details

 

The Eastern CLP, comprising the Ndom, Pokor, Tenekou and Niambaram licences,
is contiguous with the Mbe gold project, where a total JORC Inferred Resources
of 1.23Moz gold was reported earlier this month (see announcement dated 13
April 2026).

 

In Q3 2021, the Company completed regional mapping and stream sediment
sampling over the Eastern CLP and the Mbe licence area.  The results
identified multiple areas of elevated gold in distinct drainage basins,
associated with the northeast-trending Tcholliré-Banyo shear zone ("TBSZ")
corridor and related structures.  Best results of 291 ppb Au and 95 ppb Au
were returned from the Ndom and Tenekou licences respectively and a total of
18 areas graded >30 ppb Au.  Follow-up semi-regional soil sampling (400m
by 200m spacing) over six initial grids confirmed anomalous gold in all four
Eastern CLP, delineating multiple 2-3km long gold-in-soil anomalies across the
Ndom, Pokor and Niambaram licences, as well as a broad zone of gold anomalism
within the Mbe licence which the Company has prioritised to date.  However,
the Company believes that the package presents a district-scale opportunity,
with the potential to identify multiple further prospects similar to that
identified at Mbe within the four Eastern CLP licences.

 

Figure 2. Results from 2021-2022 stream and soil sampling programmes across
the Eastern CLP and Mbe permits

 

Following the renewal of all four licences for a further two-year term in June
2024, follow-up exploration has been completed across Ndom, Pokor, and
Niambaram as detailed below.

 

Ndom

 

The results of the regional scale stream sampling programme identified
gold-in-soil anomalism covering approximately 64km(2) of contiguous watersheds
in the eastern part of Ndom.  However, the initial soil sampling over that
area did not return significant gold anomalies compared to the results at
Oriole's adjacent Mbe licence (Figure 2).  A reconnaissance visit of the area
identified a thicker and more complex regolith cover than at Mbe, which may
have masked the gold anomalism at surface, and thus this area required further
investigation.

 

Alongside regolith mapping, 96 selective rock-chip samples (including QAQC)
were collected across the area.  Rock-chip sampling typically targeted quartz
veins and a tentative NW-SE trending control to the higher grading samples is
interpreted, therefore similar to the controls on mineralisation observed at
Mbe.  Best results include 17.00g/t Au, 0.93g/t Au, and 0.71g/t Au and were
returned from a 3km x 2km zone, located to the north of a NE-SW trending
granite ridge, which has coincident gold-in-stream sediment anomalism (Figures
1 and 3).

 

Figure 3. Rock-chip sampling results for Ndom, on regional ranked watersheds

 

Follow-up work programmes at Ndom are currently being designed.

 

Pokor

 

Two soil sampling grids, PK01 and PK02, have been completed at Pokor for 2,490
samples including QAQC (see announcement dated 23 September 2025).  The
Company subsequently acquired multi-elemental data on these samples using a
pXRF and, based on the multi-element data and existing geological data, a
prioritised batch of 1,154 samples (including QAQC) was selected for gold
assay.

 

The results did not return any obvious gold targets for follow-up, with best
results of 35ppb and 26ppb Au and so the team has re-focused its efforts on
the anomalism already identified at the south of the licence, at PK01.
Mapping and rock-chip sampling is currently underway.

 

Figure 4. Results from Pokor soil sampling over PK01, PK02 and PK03 grids, on
prior stream-sediment sampling anomalism (point data and ranked watersheds)

 

Niambaram

 

Two regional soil sampling grids (NM_Reg_01 and NM_Reg_02) were planned at 400
by 100m spacing targeting watersheds where anomalous gold-in-stream sediment
results were identified in the northern half of the licence.  Preparation of
the samples is ongoing and results are anticipated in H2-2026.  Alongside the
soil sampling programme, 34 rock chip samples (including QAQC) were collected
over outcrops of interest, including quartz veins and strongly silicified
felsic rocks with disseminated sulphides.  Six samples graded ≥0.1g.t Au,
with a best result of 1.39g/t Au.

 

Figure 5. Regional soil sampling grids over anomalous watersheds with recent
rock chip sampling results, and previously completed regional scale stream
sediment sample data and Grid 4 regional soil sample results (in the
south-west corner of the licence)

 

Follow-up work programmes at Niambaram will be designed upon receipt of the
gold data from the soil sampling programme.

 

Any meaningful results across the Eastern CLP will be announced as they are
received.

 

Further information can be found in the CLP (other)  JORC Table 1 disclosure
on the following page of the Company's website:
https://orioleresources.com/projects/clp-other/
(https://orioleresources.com/projects/clp-other/)

 

Competent Persons Statement

 

The technical information in this release that relates to exploration results
and any planned exploration programme(s) has been compiled by Claire Bay
(Executive Director).  Claire Bay (MGeol, CGeol) is a Competent Person as
defined in the JORC code and takes responsibility for the release of this
information.  Claire has reviewed the information in this announcement and
confirms that she is not aware of any new information or data that materially
affects the information reproduced here.

 

Enquiries:

 Oriole Resources Plc                                  Tel: +44 (0)23 8065 1649
 Martin Rosser / Bob Smeeton / Claire Bay

 Strand Hanson Limited (Nomad & Broker)                Tel: +44 (0)20 7409 3494
 Christopher Raggett / James Spinney / Edward Foulkes
 IFC Advisory Ltd (Financial IR & PR)                  Tel: +44 (0)20 3934 6632
 Tim Metcalfe / Graham Herring / Florence Staton       oriole@investor-focus.co.uk (mailto:oriole@investor-focus.co.uk)

 

Glossary and Abbreviations

 Au                Gold
 Company           Oriole Resources PLC
 g/t               Grammes per tonne
 km                Kilometre
 km(2)             Square kilometre
 Mbe               Mbe orogenic gold project
 m                 Metres
 MRE               Mineral Resource Estimate
 NW-SE             Northwest - southeast
 Oriole Resources  Oriole Resources PLC
 oz                Troy ounce of gold
 ppb               Parts per billion
 pXRF              Portable X-ray fluorescence analyser
 QAQC              Quality Assurance Quality Control
 Regolith          Layer of unconsolidated solid material covering the bedrock

 

Notes to Editors:

 

Oriole Resources

 

Oriole Resources PLC is an AIM-quoted gold exploration and development
company, with projects in Central and West Africa.  It is currently focused
on Cameroon.

 

At its district scale Central Licence Package, the Company has identified
multi-kilometre long gold anomalies, including at its flagship Mbe project.
At Mbe, the Company has published a global JORC Inferred MRE of 1.23Moz
contained gold at MB01, consisting of 870koz at 1.09g/t Au for the MB01-S
deposit, and 360koz at 1.05g/t Au for the MB01-N deposit.  A fully funded
2,500m step out drilling programme is underway at MB01-S with the aim of
further increasing the total resource at Mbe.   Following the completion of
the MB01-N drilling programme, and by meeting various financial commitments,
BCM has earned a 50% interest in the Mbe project.  Drafting of a JV
partnership agreement is in progress.

 

The Company has also reported a Resource of 460,000oz contained gold at
2.06g/t Au in the JORC Indicated and Inferred categories at its 50% owned
Bibemi project, where it has applied for an Exploitation Licence.  In
November 2025, BCM completed its earn-in to give it a 50% interest in Bibemi
by meeting certain payment conditions, including spending US$4 million on
exploration.

 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year
earn-in to acquire an approximate 59% beneficial interest in the Senala
Exploration Licence by spending US$5.8 million.  The Company has reported a
Resource of 155,000oz contained gold at 1.26g/t Au (using a gold price of
US$1,800/oz)  in the JORC Inferred category for the Faré South prospect, and
an additional, complementary Exploration Target range of 17Mt to 24Mt at a
grade of 0.69g/t to 0.84g/t Au for 380,000oz to 650,000oz contained gold for
all prospects at Senala.  Best results to date include 20.00m grading 31.13
g/t Au including 10.00m grading 60.98 g/t Au from RC drilling and 59.60m
grading 2.20 g/t Au from diamond drilling.  Discussions on the formation of a
joint venture company are currently underway.

 

The Company also has several interests and royalties in companies operating in
East Africa and Turkey that could give future cash payments.

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com) ,  @OrioleResources on X

 

 

 

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