Xtra-Gold Update on Kibi Gold Project Resource Expansion Drilling

Core Insights - Xtra-Gold Resources Corp. has completed 22 diamond core drill holes totaling 5,181 meters at the Orange No. 5 resource expansion target, located approximately 2 km southwest of the current Mineral Resource Estimate footprint [1] - The current Mineral Resource Estimate for the Kibi Gold Project stands at 1,058,200 ounces of gold in the Indicated category and an additional 180,700 ounces in the Inferred category, with a cut-off grade of 0.5 g/t gold [1] - The company is awaiting final assay results from the laboratory, expected within the next three weeks, to further develop a preliminary geological model for the Orange No. 5 target [2] Company Overview - Xtra-Gold is focused on gold exploration in Ghana, holding a substantial land position of 226 km² in the Kibi Gold Belt, which is geologically similar to the Ashanti Gold Belt, known for its rich gold resources [3] - The company is well-positioned to make significant gold discoveries in Ghana, leveraging its strategic land holdings and exploration efforts [3] Exploration Highlights - Initial assay results from a follow-up drill program at Orange No. 5 indicated a stacked, multi-shoot gold mineralization system, suggesting potential for significant resource growth [2] - Specific assay results include 13.0 meters at 1.46 g/t gold, 29.5 meters at 0.73 g/t gold, and other notable intersections, indicating promising mineralization [6]