Mr. Glen Parsons reports

AWALE RESOURCES- AUGER RESULTS SUPPORT GOLD ANOMALIES AT THE EMPIRE DISCOVERY, COTE D'IVOIRE

Awale Resources Ltd. has noted that auger drilling supports the original gold-in-soil anomalism along the two-kilometre southeast extension of the Empire gold discovery (see releases dated Nov. 19, 2019, Dec. 23, 2019, and Jan. 29, 2020). The Empire prospects is located within the Odienne project in northwestern Ivory Coast.

The Empire discovery includes a robust 200-metre-long and greater than 200 m deep mineralized zone containing high-grade visible gold in fresh rock. The company will drill potential extensions to known high-grade zones to be completed as soon as conditions allow. Furthermore, auger results presented in this release confirm at least a minimum two km strike extent for further drill testing.

Selected highlights from the discovery drill program

OEDD0001 -- the discovery hole (drill section 2):

• 18.15 m at 4.9 grams per tonne gold from 40 m downhole, including 10.4 m at 7.9 g/t Au from 40 m downhole.

OEDD0002 scissor of OEDD0001 (drill section 2):

• 27 m at 3.1 g/t Au from 43.2 m downhole, including nine m at 5.3 g/t Au from 43.2 m downhole.

OEDD0009 step west (drill section 2a):

• 17 m at 2.6 g/t Au from 40 m downhole, including 2.65 m at 15.4 g/t Au from 40 m;
• 16.74 m at 1.9 g/t Au from 74.26 m downhole, including 9.28 m at 2.7 g/t Au from 80.72 m;
• 16 m at 1.8 g/t Au from 98 m downhole, including three m at 7.6 g/t Au from 111 m downhole.

OERC0021 step west (drill section 2a):

• Two m at 4.8 g/t Au from 53 m downhole;
• 18 m at three g/t Au from 97 m downhole, including two m at 15.5 g/t Au from 111 m downhole;
• 29 m at 1.2 g/t Au from 134 m downhole, including 11 m at 2.5 g/t Au from 140 m downhole and two m at 5.6 g/t Au from 140 m downhole.

Note: True width intercepts are approximately 75 to 90 per cent of the reported downhole interval downhole. The broad intercepts are calculated at a 0.2 g/t Au trigger with included intercepts calculated at a one g/t Au trigger. All calculated intercepts include three m of internal waste.

The original three km long, greater than 10 parts per billion gold-in-soil anomaly reported by the company was within one m to five m of transported laterite cover. New, in situ auger drill results, which penetrated the cover material, have confirmed the anomaly and returned a peak value of 581 ppb with three discrete, approximately 300 m long greater than 100 ppb targets.

Each of these greater than 100 ppb targets are of similar size to the discovery drill area (drill sections 1 to 3) and represent compelling targets to rapidly expand gold mineralization at the prospect. These targets will be tested once the drill rig is on site.

The broader northwest/southeast structure hosting mineralization is at least 12 km long and remains open both east and west.

Chief executive officer Glen Parsons commented today:

"Following the exciting gold discovery at Empire, the auger results from the Empire prospect at Odienne have given the company increased focus on the two km mineralized strike extension for the next drill campaign. Each of these three targets has the same footprint as the initial discovery, which delivered some spectacular results for the company and our shareholders. We look forward to expanding the Empire discovery and the potential of pipeline anomalies at Odienne.

"Furthermore, the company expects to have results returned from soil and auger programs completed at the Samanda and Kodio prospects at the Bondoukou project in the ensuing weeks. We look forward to updating the market as soon as these results become available."

Quality control and assurance

Analytical work for drill core and RC percussion samples is being carried out at the independent Intertek Laboratories Ghana Ltd., an ISO 17025 certified laboratory. Samples are stored at the company's field camps and put into sealed bags; they are stored securely until collected by Intertek for transportation to Ghana. Samples are logged in the tracking system, weighed, dried and finely crushed to better than 70 per cent, passing a two-millimetre screen. A split of up to 1,000 grams is taken and pulverized to better than 85 per cent, passing a 75-micron screen, and a 50-gram split is analyzed by fire assay with an atomic absorption spectroscopy finish. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis. Due to the presence of free gold, the lab was requested to run a quartz wash between each sample during preparation. Samples that have returned more than one g/t Au have been screen fire assayed.

Screen fire assay involves screening a nominal one-kilogram sample and firing the entire coarse fraction, including the screen cloth. Duplicate assays are carried out on the undersize fraction, which is more reproducible due to the smaller gold particle sizes. The total gold content is calculated as a weighted mean of the measured grades of the two screen fractions.

Analytical work for geochemical samples and rock chip samples is being carried out at the independent Intertek Laboratories Australia Ltd., an ISO 17025 certified laboratory. Samples are stored at the company's field camps and put into sealed bags until collected by Intertek from the company's secure camps at Odienne or Bondoukou. Samples are then transported by Intertek to its laboratory in Tarkwa, Ghana, for preparation and subsequently shipped by Intertek to its Australian laboratory for analysis. All samples are logged in the tracking system, weighed, dried and pulverized to better than 85 per cent, passing a 75-micron screen; this pulp sample is then shipped to Australia where a 10-gram split is analyzed by inductively coupled plasma mass spectrometry with an aqua regia digest. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the company's qualified person as defined by National Instrument 43-101. Mr. Chubb is the company's chief operating officer, and holds an economic geology degree, is a member of the Australian Institute of Geoscientists (AIG) and is a member of the Society of Economic Geologists (SEG). Mr. Chubb has 18 years of experience in international minerals exploration and mining project evaluation.