Vancouver, British Columbia--(Newsfile Corp. - November 14, 2022) - Alma Gold Inc. (CSE: ALMA) ("Alma Gold" or the "Company") is pleased to announce the initiation of a program of permit acquisition and land package assembly in the northeast Guinea area of the prospective Siguiri Basin.

Gregory Isenor, President and CEO of Alma Gold, stated, "The permit acquisition process by Alma Gold is the result of extensive research and compilation of exploration data in the region by our experienced teams in both Mali and Guinea and based on relationships we have developed in the area. We are using the same team and exploration approach that we have successfully utilized in our previous West African gold-focused companies, including Merrex Gold and Roscan Gold. This will be an ongoing process for Alma Gold in this highly prospective area for gold."

The current plan is to complete the acquisition of these initial exploration permits and once secured to complete a program of termite mound sampling and subsequent air core (AC) drilling to test for gold. Updates on our progress will be released once available.

Qualified Person Statement

All scientific and technical information contained in this news release has been prepared and approved by Gregory Isenor, P.Geo., President and CEO of Alma Gold, who is a Qualified Person as defined by NI 43-101.

About Alma Gold Inc.

Alma Gold Inc. is a gold-focused exploration company based in Bedford, Nova Scotia. Alma Gold Inc. through its subsidiary Karita Gold Corp. is exploring the Karita West Project in northern Guinea, and owns the Clarence Stream North Gold Project, in southwest New Brunswick, Canada.

For more information on Alma Gold Inc., please visit our website at: .

On Behalf of the Board of Directors

"Greg Isenor"

Gregory Isenor
President & Chief Executive Officer
Alma Gold Inc.
Email: gpisenor@karitagold.com

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Corporation's management's discussion and analysis as filed under the Corporation's profile at . Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

To view the source version of this press release, please visit