Wia divests of non-core Côte d’Ivoire assets

Wia Gold has entered into a binding Share Sale Agreement with Santa Fe Minerals Limited  to divest interest in all of its non-core gold exploration permits in Côte d’Ivoire.

Key Highlights
• Comprises Wia’s 80% interest in the Dialakoro, Issia and Mankono Ouest permits and
various permits under application.
• Consideration received by Wia will be 20,000,000 ordinary fully paid shares in Santa Fe
and 8,000,000 performance rights that convert to ordinary fully paid shares upon
achievement of certain milestones.
• Allows Wia to retain exposure to the permits in Côte d’Ivore via its shareholding in
Santa Fe.
• Divestment allows Wia to focus on advancing the Kokoseb gold project in Namibia.

Executive Chairman, Josef El-Raghy commented:
“We are delighted to have reached an agreement with Santa Fe for the divestment of Wia’s exploration permits in Côte d’Ivoire. This divestment is a strategic step that allows Wia to focus on the rapid exploration and development of the Kokoseb gold project in Namibia while retaining exposure to future upside in Côte d’Ivoire through an ongoing shareholding in Santa Fe. This acquisition compliments Santa Fe’s existing portfolio of assets in Côte d’Ivoire and we look forward to sharing in their future exploration success.”