THE NOSENO PROJECT

152.25 km2; 37 medium-scale mining permits
Small-scale hard rock and placer mining with a history of 100 years
Multitude of artisanal workings
Unexplored, apart from limited work on Noseno (Higgins) & Williams prospects in 2010

210 km (1 hr flight) west of the capital, Georgetown, and 75km south of regional supply centre at Port Kaituma (inland port).
Recently improved roads from Port Kaituma to Matthews Ridge to Noseno.
Airport at Matthews Ridge, 42 km to the N.

Located on Higgins small-scale claims overlying XAU Resources mining permits
Target of small-scale miners since the 1930’s
Multiple 0.5-1.0m wide quartz veins, multiple grab samples > 100 g/t Au, hosted in sheared amphibolites
Limited diamond drilling by Riva Gold Corp in 2010 returned up to 1.6m @ 98.9 g/t Au including 0.5m @ 274 g/t Au
No exploration conducted by Riva Gold outside of the small Noseno and Williams prospect areas and no exploration since 2010

Noseno is located in the Trans-Guyana gold belt
Paleo-Proterozoic greenstones intruded by Trans-Amazonian granitoids
Orogenic-style structurally controlled gold mineralization associated with major structures, intrusive contacts and deformation zones within smaller intrusives
Exploration in Guyana quite immature. Only one active large-scale gold mine (Aurora), one development project (Toroparu), several advanced / resource growth projects and a handful of active explorers

Noseno is located in the same greenstone terrane that hosts the largest gold deposits in Guyana, the Aurora Mine and the Toroparu Project

Situated between two major crustal structures along which the Aurora Mine and the Toroparu Project are located

BLEG Streams program conducted in Oct-Dec 2022 80% completed
Several areas of strong Au anomalism identified corresponding to favourable geological settings
Next phase of field work will complete the streams sampling and conduct first pass soil sampling over the top three target areas plus geological mapping & prospecting

Stream sediment sampling to be completed (40 samp, ~ 1 week)
A first-pass soil sampling program is planned to assess the top 3 target areas
Soil sampling initially on 400m X 40m grids (3,400 samp ~ 13 weeks)
Mapping & prospecting to accompany soil sampling
Areas of significant anomalism will be followed up with tighter (200m) infill soil sampling to refine targets