SAVARY GOLD CORP. ("Savary" or the "Company") (TSX VENTURE:SCA) is pleased to
announce the commencement of the second phase of its on-going drilling program
on its Hounde South property, located in southwestern Burkina Faso. The current
phase of this $1.4 million program is aimed at investigating six high priority
targets with up to 4,600 metres of reverse circulation (RC) drilling. The
program will also involve the collection of approximately 4,600 samples, as well
as geological mapping and prospecting.


"We are very pleased to once again be drilling at Hounde South," stated Charles
Mostert, Savary Gold's President and CEO. "The encouraging results acquired
during our first phase of drilling have enabled us to fine-tune our exploration
model and have aided in the identification and prioritization of the most
prospective areas for drilling during this next phase."


The Hounde South property consists of two exploration licences, Diosso and
Mandiasso, totaling 375 square kilometres, and is located in the Birimian
Greenstone Belt of West Africa, currently the fastest growing gold producing
area in the world.


Drilling is conducted by Major Drilling Burkina Faso SA and SGS Burkina Faso SA
will be responsible for laboratory analysis, both of whom are independent of
Savary Gold.


Robin Black, M.Sc., P. Geo., a consulting geologist of the Company and a
Qualified Person as defined by National Instrument 43-101, has reviewed and
approved the technical information contained in this news release.


About Savary Gold

Savary Gold is a Canadian company with a tightly held capital structure and
totally focused on exploring the Hounde South Gold Property in Burkina Faso. The
property is in the Birimian age Hounde Greenstone Belt, which hosts Semafo's
Mana mine and additional gold deposits which are presently subject to extensive
exploration efforts (including Endeavour Mining's Hounde Project and Sarama's
South Hounde Project).


SAVARY GOLD CORP.

On behalf of the Board

Charles Mostert, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements or information relate to, among other
things, the next phase of the Company's exploration program and the exploration
potential of the Company's properties. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the risks associated with
outstanding litigation, if any; risks associated with project development; the
need for additional financing; operational risks associated with exploration;
fluctuations in gold and other commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution; the
volatility of our common share price and volume and other risks and
uncertainties, including those described in the Company's most recent Management
Discussion & Analysis report filed with the Canadian Securities Administrators
and available at www.sedar.com. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savary Gold Corp.
Konstantine Tsakumis
Investor Relations
604-681-8030 x232
604-681-8039 (FAX)
info@savarygold.com
www.savarygold.com

Savary Gold Corp. (TSXV:SCA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Savary Gold Corp. Charts.
Savary Gold Corp. (TSXV:SCA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Savary Gold Corp. Charts.