Mr. Allan Green reports

AKWAABA MINING LTD. ANNOUNCES PRIVATE PLACEMENT

Akwaaba Mining Ltd. intends to complete a non-brokered private placement financing comprising the sale of up to 1,363,636 common shares to be sold at 11 cents per share for gross proceeds of up to $150,000.

The offering will be made available to subscribers pursuant to the employee, executive officer, director and consultant exemptions under Section 2.24 of National Instrument 45-106 (Prospectus Exemptions).

Certain shares of the proposed offering will be issued directly or indirectly to Allan Green, chief executive officer and director of the company, who will participate in the financing. Mr. Green's participation in the offering will constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company has determined that the transaction will be exempt from formal valuation and minority shareholder approval requirements under MI 61-101, relying on exemptions found in sections 5.5(a), 5.5(b), 5.5(c), 5.7(a) and 5.7(b). Mr. Green is an existing control person of the company, and no new control persons will be created as a result of the offering.

All shares issued in connection with the offering will be subject to a statutory hold period of four months and one day, as well as to any other restrictions imposed by applicable securities regulatory authorities. Completion of the offering is subject to a number of conditions, including, without limitation, receipt of TSX Venture Exchange approval.

Proceeds of the offering will be used to finance the continuing exploration program at the company's Akorade project in Ghana, for working capital and for future acquisitions.

We seek Safe Harbor.