Sanbrado Project

Overview

West African Resources holds a 100% interest in the Sanbrado Gold Project in Burkina Faso, which hosts a mineral resource of 9.8Mt tonnes at 2.1 g/t Au for 670,000 ounces of gold (Indicated) and a further 10.7Mt tonnes at 2.0 g/t Au for 695,000 ounces of gold (Inferred).

It is currently reviewing development options for the project after receiving continuous, extremely high-grade results from drilling at the M1 South prospect including:

  • TAN16-DD077A: 7m at 6.92 g/t Au from 293m ending in mineralisation (extended to 399m)
  • TAN16-DD086: 9m at 93.55 g/t Au from 183m
  • TAN16-DD063 5m at 30.28 g/t Au from 216m, including1m at 104.95 g/t Au
  • TAN16-DD063 14m at 11.82 g/t Au from 224m, including 1m at 131.80 g/t Au
  • TAN16-DD066 2m at 17.85 g/t Au from 257m
  • TAN16-RC119: 24m at 7.4g/t Au including 8m at 17g/t Au from 44m
  • TAN16-RC122: 12m at 53.11g/t Au, including 1m at 534.45g/t Au
  • TAN16-DD033: 4m at 86.96g/t Au from 93m including 1m at 343.59g/t Au
  • TAN16-RC129: 4m at 42.09g/t Au from 104m including 1m at 165.36g/t Au
  • TAN16-RC131: 11m at 43.44g/t Au from 76m including 1m at 349.15g/t Au, 1m at 113.98g/t Au
  • TAN16-RC131: 5m at 18.89g/t Au from 124m including 1m at 78.95g/t Au
  • TAN16-DD044: 18m at 82.28g/t Au from 98m, including 1m at 1107.5g/t Au

A open pit Definitive Feasibility Study (DFS) for Sanbrado is underway and due for completion in Q1 2017. The DFS is being prepared in accordance with the requirements of both the Australian 2012 JORC Code and Canadian NI 43-101 guidelines.

Construction is expected to begin at the project in late 2017.

Tenure & Permitting

All permitting for the  Sanbrado Project has now been received, with the Council of Ministers of the Government of Burkina Faso approving the Sanbrado mining permit application in January 2017.

The Resettlement Action Plan (RAP) and the Environmental and Social Impact Assessment (ESIA) were approved in the September 2016 quarter by Burkina Faso’s Ministry of Environment, Green Economy and Climate Change.

Geology

Sanbrado is located within a northeast-trending volcano-sedimentary belt that is bounded to the east by the Tiébélé-Dori-Markoye Fault, one of the two major structures subdividing Burkina Faso into three litho-tectonic domains.

The geology of the Sanbrado area is characterized by metasedimentary and volcanosedimenatry rocks, intruded by diorite and granodiorite. The Sanbrado area comprises pelitic and psammitic metasediments as well as volcanosedimentary units. These units have been intruded by porphyritic granodiorite, overprinted by shearing in places, and is generally parallel to sub-parallel with the main shear orientation. In a more regional context, the sedimentary package is wedged between granite and granodiorites.

Gold mineralisation in the project area is associated with quartz vein and veinlet arrays, silica, sulphide and carbonate-albite, tourmaline-biotite alteration. Gold is free and is mainly associated with minor pyrite, chalcopyrite and arsenopyrite disseminations and stringers. The shear hosting mineralisation can be traced on 50m spaced sections over approximately 3km.

Backup_of_WAF_REG_Burkina_East_0002T_no MOZ of other projects (Regional Tenements over Geology)

Resources

(Press Release 1st August 2016) Mineral Resource estimates for the Sanbrado

 Gold Project were completed by independent resource consultant International Resource Solutions Pty Ltd (IRS) and was prepared in accordance with the requirements the 2012 JORC Code and disclosed in accordance with NI 43-101, under which the 2012 JORC Code is acceptable for mineral resource calculation and disclosure.

Highlights

  • Project mineral resources now 9.8Mt tonnes at 2.1 g/t Au for 670,000 ounces of gold (Indicated) and a further 10.7Mt tonnes at 2.0 g/t Au for 695,000 ounces of gold (Inferred)1
  • 34% increase in Indicated mineral resources for Sanbrado Gold Project
  • Maiden M1 South Indicated mineral resource of 290,000 tonnes at 10.3 g/t Au for 96,000 ounces of gold and Inferred mineral resource of 410,000 tonnes at 6.4 g/t Au for 83,000 ounces of gold1
  • M1 South structure averages 1,600 ounces per vertical metre 30m to 130m below surface and remains open along strike and down plunge
  • The Company will report a further resource update at M1 South in Q4 following a 10,000m diamond drilling campaign to test mineralisation down to 300 vertical metres

Managing Director Richard Hyde commented:

“We are pleased to deliver a maiden resource for M1 South in such a short period of time.  This discovery should significantly impact on the potential economics of the project.  M1 South mineralisation is open down plunge and along strike.

“The bulk of the current M1 south resource sits between 30m and 130m below surface, where contained gold averages 1,600 ounces per vertical metre.  To date M1 South has only been drilled to an average vertical depth of 120m.

“The Company’s focus at has strongly shifted to M1 South since the discovery of high grade gold shoots in March 2016.  We are stepping up the drilling campaign with additional diamond rigs focussed on adding to the resource inventory and upgrading inferred resources.  This is principally focussed on M1 South but also the M5, M1 North and M3 deposits.  We will provide a further resource update for the Sanbrado Gold Project in Q4.  The Company aims to have a completed feasibility study and granted mining permit for the project by the end of 2016.

  1. Mineral resources reported at 1 g/t Au cut-off grade

Table 1: Mineral Resource statement, Sanbrado Gold Project, International Resource Solutions Pty Ltd, with an effective date of August 1, 2016

  Cut-off Indicated Resource Inferred Resource
(Au g/t) Tonnes Grade Au Oz Tonnes Grade Au Oz
  (Au g/t) (Au g/t)
M5 0.5 22,400,000 1.2 842,000 24,100,000 1.1 877,000
1 9,000,000 1.9 540,000 9,300,000 1.8 546,000
M1 South 0.5 510,000 6.2 101,000 700,000 4.0 90,000
1 290,000 10.3 96,000 410,000 6.4 83,000
5 110,000 23.0 85,000 100,000 18.8 63,000
M1 North 0.5 630,000 2.0 40,000 770,000 1.9 47,000
1 500,000 2.3 36,000 570,000 2.3 42,000
M3 0.5 540,000 1.6 29,000
1 440,000 1.8 26,000
Total 0.5 23,530,000 1.3 980,000 26,110,000 1.2 1,043,000
1 9,790,000 2.1 670,000 10,720,000 2.0 695,000

 

*Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the relative accuracy of the estimates. Mineral resources have been reported within optimized pit shells using a gold price of US$1650/oz a cut-off grade of 0.3 g/t Au for oxide mineralization and 0.4 g/t Au for fresh rock derived by the following key input parameters. Metallurgical recovery for CIL processing: oxide and transitional – 95% & fresh – 90%. Mining cost: $1.50/t oxide; $1.90/t transitional; $2.50/t fresh. Process costs:  $9.00/t for oxide; $12.00/t for transitional and fresh. Pit slope angles of 45° for oxide and 50° for transitional and fresh at a conceptual annual production rate of 2.5 Mtpa.

Figure 1: Sanbrado Gold Project Mineral Resources, 1 August 2016

Tanlouka Gold Project Mineral Resources, 1 August 2016 

Figure 2: Sandbrado Gold Project Location

Tanlouka Gold Project Location

Maiden M1 & M3, Updated M5 Mineral Resource Estimation Parameters

A summary of the material information used to estimate the mineral resource is presented below in accordance with JORC and disclosed in accordance with NI 43-101 requirements.  A more detailed description is contained in Appendix 1.  The NI 43-101 Technical Report in support of the updated mineral resource estimates for the Sanbrado Gold Project will be published on WAF’s website and SEDAR www.sedar.com within 45 days of this news release.

Geology and Geological Interpretation

The Mankarga prospect area is characterised by a volcanosedimentary sequence which is mostly composed of undifferentiated pelitic and psammitic metasediments as well as volcanosedimentary units. This sequence has been intruded by diorite and granodiorite intrusions, and strongly deformed with gold mineralisation generally parallel to sub-parallel with the main shear orientation. Gold mineralization at the Mankarga prospects is associated with quartz veining, silica, sulphide and carbonate-albite, tourmaline-biotite alteration. Significant free gold is present at M1 South, and elsewhere on the project gold is associated with minor sulphides including pyrrhotite, pyrite, chalcopyrite and arsenopyrite.  The shear zones hosting mineralisation on the Sanbrado Gold Project can be traced on 50m spaced sections over approximately 3km at Mankarga 5, 25m spaced sections over approximately 1km for Mankarga 1 and 20m spaced sections over approximately 750m for Mankarga 3. The mineralisation interpretation utilised a 0.3 g/t Au edge cut-off for overall shear zone mineralisation.

Drilling Techniques

The area of the Mankarga 5 resource was drilled using Reverse Circulation (RC), Aircore (AC) and Diamond drill holes (DD) on a nominal 50m x 25m grid spacing.  A total of 674 AC holes (22,035.4m), 26 DD holes (4,735.8m) and 2 RC drill holes (170.0m) were drilled by West African Resources (WAF) between 2013 and 2016. A total of 60 RC holes (7,296.2m) and 71 DD holes (15,439.6m) were drilled by Channel Resources (CHU) in 2010-2012. Holes were angled towards 120° or 300° magnetic at declinations of between -50° and -60°, to optimally intersect the mineralised zones.

The area of the Mankarga 1 resource was drilled using Reverse Circulation (RC), Aircore (AC) and Diamond drill holes (DD) on a nominal 25m x 20m grid spacing.  A total of 360 AC holes (6,950.2m), 16 DD holes (1,688.3m) and 87 RC drill holes (8,882.0m) were drilled by West African Resources (WAF) in 2015-2016. A total of 23 RC holes (3,060.0m) and 7 DD holes (1,199.0m) were drilled by Channel Resources (CHU) in 2010-2012. Holes were angled towards 020°, 045°, 180°or 225° magnetic at declinations of between -50° and -60°, to optimally intersect the mineralised zones.

The area of the Mankarga 3 resource was drilled using Aircore (AC) and Diamond drill holes (DD) on a nominal 20m x 20m grid spacing.  A total of 269 AC holes (9,007.8m) and 4 DD holes (262.6m) were drilled by West African Resources (WAF) in 2015-2016. Holes were angled towards 090° or 225° magnetic at declinations of -50°, to optimally intersect the mineralised zones.

Sampling and sub-sampling techniques

RC samples were split and sampled at 1m and 2m intervals respectively and aircore samples were split and sampled at 1m intervals using a three-tier riffle splitter. Diamond core is a combination of HQ, NQ2 and NQ3 sizes and all diamond core was logged for lithological, alteration, geotechnical, density and other attributes. In addition, Diamond core was logged for structural attributes. QAQC procedures were completed as per industry standard practices.

Sample analysis method

Historic and recent RC and diamond core samples were crushed, dried and pulverised (total prep) to produce a sub sample for analysis for gold by 50g standard fire assay method (FA) followed by an atomic absorption spectrometry (AAS) finish.

Estimation Methodology

M5

Multiple Indicator Kriging (MIK) with change of support was selected as the most appropriate method for estimating Au for the M5 deposit. A block size of 10m E x 25m N x 10m RL was selected as an appropriate block size for estimation given the drill spacing (50m strike spacing), mineralisation geometry and the likely potential future selective mining unit or SMU (i.e. appropriate for potential open pit mining). An SMU dimension of 5m E x 12.5m N x 5m RL was selected as appropriate for support correction investigation. An indirect lognormal support correction was applied to emulate mining selectivity for the above SMU dimension.  A number of zones of interpreted mineralisation exist where it has been determined that MIK is not appropriate given the data spacing and total numbers. These areas are minor in the context of the total mineralisation and have been estimated via Ordinary Kriging (OK).

M1 North and South

Multiple Indicator Kriging (MIK) with change of support was selected as the most appropriate method for estimating Au for the M1 deposit. Additionally, high grade domains exist in the mineralisation which have been deemed suitable to estimate via Ordinary Kriging(OK).  In the case of the domains estimated via MIK, a block size of 10m E x 25m N x 10m RL was selected as appropriate for estimation given the drill spacing (25m strike spacing), mineralisation geometry and the likely potential future selective mining unit or SMU (i.e. appropriate for potential open pit mining). An SMU dimension of 5m E x 12.5m N x 5m RL was selected as appropriate for support correction investigation. An indirect lognormal support correction was applied to emulate mining selectivity for the above SMU dimension.  For the domains estimated via OK, a parent cell dimension of 5m E x 12.5m N x 5m RL was selected for the OK estimate.

M3

Ordinary Kriging (OK) was selected as the most appropriate method for estimating Au for the M3 deposit. A block size of 5m E x 5m N x 5m RL was selected as an appropriate block size for estimation given the drill spacing (20m strike spacing), mineralisation geometry and occurrence and the likely potential future selective mining unit or SMU (i.e. appropriate for potential open pit mining).

Classification

Resource classification was based on geological confidence and spatial review of estimation result parameters which reflected the quality of the estimate for each block. Areas that had high confidence estimate values, had sufficient drilling density (<50m spaced drilling) or were proximal to 50m by 25m spaced drill lines or better were classified as Indicated Resources. The remainder was classified as Inferred. All resources at M3 were classified as Inferred due to the nature of the mineralisation, overall continuity and predominantly oxide aircore drilling and sampling .

Application of top cuts

The impact of higher grade gold outliers was examined on composite data for using log probability plots and cumulative statistics. This is particularly relevant in the case of the high grade domains at M1 South where extreme grade values exist and OK has been selected as the grade estimation method.  Composites affected by top cuts were reviewed in three dimensions to validate their location and relevance relative to the entire population. a range of different top cut values were considered and their effect on the composite statistics evaluated and the results of this analysis are summarized in Table 2. Ultimately, a capping value of 200g/t Au was selected for the high grade domains at M1 South.

Table 2: Composite Top Cut Statistics

M1 South High Grade Domains

Count Min Max Mean Std. Dev. Variance CV number samples cut % reduction

Mean grade

88 0.02 553.87 35.72 79.53 6,325.39 2.23
250 31.04 55.93 3,127.69 1.80 3 13%
200 28.98 48.17 2,320.48 1.66 4 19%
150 26.28 39.12 1,530.18 1.49 6 26%
100 22.87 28.94 837.60 1.27 6 36%

 

Reporting Cut-off grades

The resource is reported at cut-offs of 0.5 g/t Au and 1.0 g/t Au which were considered reasonable and reflect that the final cut-off determination will be dependent on the scale of any potential future operation and the prevailing gold price.

Mining and metallurgical methods and parameters and other material modifying factors

The most likely development scenario for the deposit is as an open cut (pit) mine.  No mining dilution has been applied to the reported estimate. Preliminary metallurgical test work was completed in 2012 and 2014-15, with excellent results. Gold recoveries are up to 98% from oxide bottle roll tests, and up to 92% for fresh bottle roll tests and a significant proportion of the gold is recoverable by gravity concentration.  More detailed metallurgical test work is currently underway at ALS Ammtec in Perth.  Results are expected by Q4 2016.

Assessment of Reasonable Prospects of Economic Extraction (NI43-101)

To assess reasonable prospects of economic extraction for the Sanbrado Gold Project deposits, key parameters include the continuity of gold mineralization within an envelope constraining mineralization at 0.3 g/t Au. Conventional open pit mining methods are assumed.

Mineralization that potentially could be extracted by open pit mining methods has been constrained within a conceptual Whittle pit shell for each deposit (Figure 1).

The open pit shells are based on gold price of US$1650/oz a cut-off grade of 0.3 g/t Au for oxide mineralization and 0.4 g/t Au for fresh rock derived by the following key input parameters:

  • Gold price: US$1650/oz
  • Metallurgical recovery for CIL processing: oxide and transitional – 95% & fresh – 90%
  • Mining cost: $1.50/t oxide; $1.90/t transitional; $2.50/t fresh
  • Process & G&A costs:  $9.00/t for oxide; $12.00/t for transitional and fresh

Additional parameters considered in the Whittle shells included pit slope angles of 45° for oxide and 50° for transitional and fresh at a conceptual annual production rate of 2.5 Mtpa.

Resource Sensitivity to Gold Price

To assess gold price sensitivity of the Sanbrado Gold Project mineral resources, mineral resources for each deposit have been reported within a conceptual Whittle pit shell at US$1150 using the same cost parameters reported above and cut-offs of 0.4g/for oxide and 0.5g/t for transitional and fresh.

Table 3: Sanbrado Gold Project August 2016 Resource at $1150
  Cut-off Indicated Resource Inferred Resource
(Au g/t) Tonnes Grade Au Oz Tonnes Grade Au Oz
  (Au g/t) (Au g/t)
M5 0.5 20,940,000 1.2 804,000 7,200,000 1.3 306,000
1 8,770,000 1.9 527,000 3,620,000 1.9 224,000
M1 South 0.5 510,000 6.2 101,000 700,000 4.0 90,000
1 290,000 10.3 96,000 410,000 6.4 83,000
M1 North 0.5 620,000 2.0 39,000 410,000 2.0 26,000
1 490,000 2.3 36,000 300,000 2.4 23,000
M3 0.5 440,000 1.7 24,000
1 360,000 1.9 22,000
Total 0.5 22,060,000 1.3 944,000 8,750,000 1.6 446,000
1 9,550,000 2.1 659,000 4,690,000 2.3 352,000

 

Comparison with Previous Estimate

Maiden resource estimates have been reported for the M1 and M3 deposits.  Table 4 and 5 shows the 2015 and 2016 Mineral Resources for the M5 deposit tabulated at the same cut-offs.  The 2016 resource estimate for M5 was constrained within a conceptual Whittle pit whereas the 2015 resource estimate was not constrained by an optimised pit shell.  Some of the deeper Inferred Resources that were included in the 2015 estimate are outside of the conceptual Whittle pit that has been used to constrain the 2016 resource and therefore are excluded from the 2016 resource estimate.

Table 4: M5 February 2015 Resource
  Cut-off Indicated Resource Inferred Resource
(Au g/t) Tonnes Grade Au Oz Tonnes Grade Au Oz
  (Au g/t) (Au g/t)
All ore types 0.5 19,000,000 1.2 736,000 40,400,000 1.0 1,350,000
1 8,400,000 1.8 495,000 15,200,000 1.6 791,000
               
Table 5: M5 August 2016 Resource
  Cut-off Indicated Resource Inferred Resource        
  (Au g/t) Tonnes Grade Au Oz Tonnes Grade Au Oz
               
All ore types 0.5 22,400,000 1.2 842,000 24,100,000 1.1 877,000
  1 9,000,000 1.9 540,000 9,300,000 1.8 546,000

 

Figures

Figure 3:  M5 Resource Model (isometric southeast view) Block model contoured by grams gold per block at 0.5g/t lower cutoff.

M5 Resource Model (isometric southeast view)

Figure 4:  M5 Block Model Cross-Section – Section 800SW Block model contoured by grams gold per block at 0.5g/t lower cutoff.

M5 Block Model Cross-Section – Section 800SW

 

Figure 5:  M1 South Resource Model (isometric northeast view) Block model contoured by grams gold per block (normalised to volume) at 0.5g/t lower cutoff.

M1 South Resource Model (isometric northeast view)

 

Figure 6:  M1 South Block Model Cross-Section – Section 0425SE Block model contoured by grams gold per block (normalised to volume)at 0.5g/t lower cutoff.

M1 South Block Model Cross-Section – Section 0425SE

Competent Persons and Qualified Persons Statement

Information in this announcement that relates to mineral resources is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration and a consultant with International Resource Solutions Pty Ltd. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under Canadian National Instrument 43-101. Mr. Wolfe is independent of West African for purposes of NI 43-101. Mr. Wolfe has verified the data underlying the mineral resource estimation. Mr Wolfe has reviewed the contents of this news release, and approves and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

Information in this announcement that relates to exploration results and exploration targets is based on information compiled by Mr Richard Hyde, a Director, who is a Member of The Australian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Hyde has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and a Qualified Person under National Instrument 43-101. Mr. Hyde is not independent of West African for purposes of NI 43-101. Mr. Hyde has verified the data underlying exploration results and exploration targets. Mr Hyde approves and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear.

Forward Looking Information

This announcement contains “forward-looking information” within the meaning of applicable Canadian and Australian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that West African expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking statements and forward-looking information includes statements regarding completing a feasibility study by the end of 2016; being granted a mining permit by the end of 2016, and receipt of metallurgical test results by Q4 2016.

All such forward-looking statements are based on the opinions and estimates of the relevant management as of the date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are beyond West African’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. In the case of West African, these facts include their anticipated operations in future periods, planned exploration and development of its properties, and plans related to its business and other matters that may occur in the future. This information relates to analyses and other information that is based on expectations of future performance and planned work programs.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource properties; uncertainty in West African’s ability to obtain funding; gold price fluctuations; recent market events and conditions; risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not exhaustive of the factors that may affect West African’s forward-looking information. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information or statements.

This announcement also contains references to estimates of mineral resources. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral resource estimates may have to be re-estimated based on, among other things:  fluctuations in commodity prices; results of drilling; results of metallurgical testing and other studies; changes to proposed mining operations, including dilution; the evaluation of mine plans subsequent to the date of any estimates; and the possible failure to receive required permits, approvals and licences. Estimations of mineral resources should not be construed or considered as an estimate of the ultimate amount of material that may be mined, should a mine ever be developed.

West African’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their respective management on the date the statements are made and West African does not assume any obligation to update forward looking information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect to West African and risks associated with forward-looking information and forward-looking statements, please refer to West African’s financial statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.