Renewal of Eastern CLP in Cameroon

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West and Central Africa, is delighted to report that it has received two-year renewals for each of its five gold exploration licences in the Eastern Central Licence Package ('Eastern CLP' or the 'Licences'), located in the Adamawa and North regions of Cameroon. The Licences, held through the Company's 90%-owned subsidiary Oriole Cameroon SARL, represent a contiguous, district-scale land package covering 2,266km2 of highly prospective geological terrane.

The Eastern CLP includes the flagship, 80%-owned Mbe licence ('Mbe'), where BCM International Limited ('BCM'), is currently funding up to US$4 million in exploration expenditure to earn up to a 50% interest. A 5,500 metre trenching programme is underway over the MB01 area at Mbe (announcement dated 4 June 2024), with results anticipated in Q3-2024 and a maiden drilling programme anticipated in Q4-2024.

Oriole retains a 90% interest in the other four Eastern CLP licences (Tenekou, Niambaram, Pokor and Ndom), which share a similar geological setting and potential to Mbe.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We are pleased to have our Eastern CLP licences renewed and to be undertaking a comprehensive exploration programme on the highly promising Mbe licence. Results from this phase of exploration are eagerly awaited prior to planning and commencing the maiden drilling programme later in the year."