Sylla Gold Announces Approval to Graduate to the TSXV

Bedford, April 14, 2022 - Sylla Gold Corp. (TSXV: SYG) (the "Company") is pleased to announce that it has received final approval for the graduation to the TSX Venture Exchange (the "TSXV") from the NEX. The common shares will commence trading on the TSXV under the ticker symbol "SYG" as of market open today as a Tier 2 mining issuer.

Shareholders are not required to exchange their share certificates or take any other action in connection with the Reactivation, as there will be no change in the CUSIP for the common shares.

In connection with the closing of the second tranche of the Offering, the Company paid finder's fees consisting of a cash commission of $2,100 and issued 10,500 broker warrants entitling the finder to acquire one common share at an exercise price of $0.32 per common share on or before March 31, 2024. These amounts have been reduced from the original finder's fees reported in the Company's press release of March 31, 2022.

For more information, please contact:

Regan Isenor
President and Chief Executive Officer
Tel: (902) 233-4381
Email: risenor@syllagold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120414