Alma Gold: Expanding Exploration in Guinea, Debt Restructuring, and Future Growth Potential

Alma Gold Inc. (CSE: ALMA) has provided a corporate update, outlining its exploration plans, permit status, and debt restructuring initiatives in Guinea. The company, based in Bedford, Nova Scotia, is focused on gold exploration in West Africa and Canada. Its flagship project, the Karita gold project, is located in Guinea, West Africa, covering an area of approximately 392.1 square kilometers.



Exploration Permits and Plans
Alma Gold's exploration permits at its Karita West Project remain in good standing, and the company continues to monitor exploration activities surrounding its permits. The Company's four properties comprising its Dialakoro Project are presently covered by an application for a "Permis de Recherches" from the Guinean government. The process of granting the exploration permits has taken longer than originally anticipated, but the Company anticipates it will be granted all four exploration permits at Dialakoro in short order.

The Company is also in the process of converting its current debt to common shares, which will leave Alma Gold virtually debt-free and with a very tight share structure going into the next exploration season in Guinea. This initiative will reduce the Company's interest expenses and allow it to allocate more resources towards exploration and growth opportunities.

Future Growth Potential
Alma Gold's exploration strategy in Guinea aligns with its long-term growth objectives by focusing on acquiring and exploring mineral property assets in West Africa and Canada. The company's exploration operations are carried out principally in Canada and secondarily, Guinea. Alma Gold's strategy is to acquire and explore mineral property assets with the goal of discovering and developing new gold deposits. By focusing on Guinea, Alma Gold is positioning itself in a region with significant exploration potential and a favorable investment climate.



In conclusion, Alma Gold's expansion of exploration in Guinea, debt restructuring, and future growth potential make it an attractive investment opportunity for those seeking exposure to the gold mining sector. The company's strategic location, experienced management team, and potential for additional permits and exploration success position Alma Gold for long-term growth and value creation for shareholders.