TSX.V:

Karankasso

Resources----------------------------------------------------------------------------------

Up 20% to 12.3 Mt grading 2.03 g/t for 805,000 Ounces of Gold
Pit constrained Inferred Mineral Resources of 11.9 Mt grading 1.97 g/t gold for 757,000 ounces within six different zones using a 0.5 g/t gold cut-off*
Pit-constrained Mineral Resource Estimate and Sensitivity Summary*
resource table open pit oct 2017
 
Underground Inferred Mineral Resources of 0.42 Mt grading 3.57 g/t gold 48,000 ounces*
Underground Mineral Resource Estimate and Sensitivity Summary*
resource table ug oct 2017
*
1. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
2. The Inferred Mineral Resource in this estimate has a lower level of confidence that that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
3. The Karankasso Property Mineral Resource Estimates were prepared by Eugene Puritch, P. Eng., Yungang Wu, P.Geo. and Antoine Yassa, P. Geo. from P&E Mining Consultants Inc., Qualified Persons under NI 43-101 who are independent of the Company
4. The Mineral Resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council
5. The gold price used in this Mineral Resource Estimate was the Sep 30/17 approximate two-year trailing average of US$1,250/oz. Gold recovery ranges from 80% to 97% with an average of 85% and mining costs were US$2.00/tonne for waste and $3.00 per tonne for mineralized material. Processing and G&A costs combined were US$18.50/tonne. Pit optimization slopes were 50 degrees. Bulk densities used for the Mineral Resource Estimate varied by deposit with ranges as follows; Saprolite 1.75 to 1.98 t/m3, Sap Rock 2.20 to 2.45 t/m3 and Fresh Rock 2.70 to 2.80 t/m3.
6. The effective date of the Mineral Resource Estimate is October 5, 2017.
 
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Toronto, Canada – November 2, 2017 – Savary Gold Corp. (TSX-V: SCA) (“Savary” or the “Company”) Savary Increases its Karankasso JV Inferred Mineral Resource Estimate