-Increased Annual Net Income by 34% and Increased Semi-Annual Dividend -

TORONTO, March 6, 2023 /CNW/ - Geodrill Limited ("Geodrill" or the "Company") (TSX: GEO) (OTCQX: GEODF), a leading West African based drilling company, reported its financial results for the three and twelve months ended December 31, 2022. All figures are reported in U.S. dollars ($), unless otherwise indicated.  Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS").