Sylla Gold Extends Final Sananfara Option Payment and Provides Deguefarakole Licence Renewal Update

Sylla Gold Corp. has entered into an amending agreement with Touba Mining Junior SARL to extend the final cash payment deadline for the Sananfara option to February 28, 2027. This extension provides the company additional time to complete the $200,000 payment while awaiting the renewal of its 100% owned Deguefarakole exploration licence. The Deguefarakole renewal application was filed in April 2026, with timing subject to Malian administrative procedures. Sananfara is the final of four option agreements comprising the 17,200-hectare Niaouleni Gold Project.

Sylla Gold Corp. (SYG) announced an extension of its permit timeline, a move described as a routine administrative adjustment consistent with management’s prior guidance regarding delays. The update does not introduce new exploration data, financing, or strategic shifts, but rather pushes a known obligation further out while regulatory approvals remain pending. This reflects the company’s cautious capital deployment strategy amid the ongoing regulatory process in Mali.

The market reacted neutrally to the news, with the stock trading near multi-month lows, indicating investor fatigue with the prolonged regulatory timeline. There was no material positive or negative surprise, and the fundamental risk profile remains unchanged.

Sylla Gold Corp. (SYG) is an exploration-stage gold company focused on the Niaouleni Gold Project in southwestern Mali. The project sits on the extension of the Kobada Shear, adjacent to Toubani Resources' Kobada gold deposit. The land package covers 17,200 hectares across four permits: Deguefarakole, Niaouleni West, Samaya South, and Sananfara. Historical and recent RC drilling has identified high-grade gold mineralization along a 4.2-kilometre shear corridor. The company is currently in the exploration phase, awaiting permit renewals to resume systematic drilling and geochemical programs.