Mr. Allan Green reports

ALLEN GREEN ANNOUNCES UPDATED HOLDINGS IN AKWAABA MINING LTD. AND FILING OF EARLY WARNING REPORT

Allan Green, chairman and chief executive officer of Akwaaba Mining Ltd., has made certain acquisitions of Akwaaba Mining, pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Mr. Green was an existing control person of Akwaaba Mining prior to the share acquisition described. Grizal Enterprises Ltd. was an existing control person of Akwaaba Mining prior to the share acquisition described and ceased to be a control person of Akwaaba Mining following the completion of the share acquisition.

Prior to the share acquisition described, Mr. Green beneficially owned and controlled 8,304,517 shares and 350,000 share purchase warrants, each warrant entitling the holder to acquire one share, representing approximately 56.79 per cent of the outstanding shares on a non-diluted basis and 57.80 per cent on a fully diluted basis assuming full exercise of the warrants.

On March 6, 2026, Mr. Green acquired 2,340,593 common shares of Akwaaba Mining from Grizal and one million shares from Marsevia Holdings Ltd., a company beneficially owned by Grizal, each at 13 cents per share for total consideration of $434,277.30.

The share acquisition was completed by way of a private agreement between Mr. Green, Grizal and Marsevia. Candel & Partners SAS, a French company beneficially owned by Mr. Green, will hold 728,183 of the shares in the shares acquisition on behalf of Mr. Green. Mr. Green acquired ownership of 3,340,593 shares pursuant to the share acquisition.

Following such purchase, Mr. Green beneficially owns and controls 11,645,110 shares, representing 79.64 per cent of the outstanding shares on a non-diluted basis and 82.03 per cent of the outstanding shares on a fully diluted basis assuming full exercise of the warrants.

Mr. Green's acquisition of additional shares is for investment purposes, in response to an unsolicited opportunity to increase his investment in Akwaaba Mining. Mr. Green has no current plans with respect to the securities, and Mr. Green may, subject to applicable law and depending on market and other conditions and the availability of other investment and business opportunity, increase or decrease his beneficial ownership of Akwaaba Mining's securities, whether in the open market, by privately negotiated agreements or otherwise, or may develop such plans or intentions in the future.

The share acquisition was completed in reliance on the private agreement exemption contained in Section 4.2 of National Instrument 62-104, Take-Over Bids and Issuer Bids, on the basis that: (i) the purchase of the common shares was not be made from more than five persons in the aggregate; (ii) the offer to purchase was not be made generally to all holders of common shares; and (iii) there is a reasonable basis for determining that the value of the consideration paid for any of the securities is not greater than 115 per cnet of the value of the securities.

This news release is issued pursuant to National Instrument 62-103, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report of Mr. Green will be available under Akwaaba Mining's profile on SEDAR+.