Mr. Glen Parsons reports

THE BONDOUKOU PROJECT CONTINUES TO DELIVER NEW GOLD TARGETS IN COTE D'IVOIRE

Awale Resources Ltd. has delineated the Kodio trend, a new 17.5-kilometre-long gold-in-soil anomaly, at the Bondoukou project.

The Kodio trend includes multiple greater than 50 parts per billion gold cores up to several kilometres long over the entire length of the anomaly. The trend lies open toward the northwest and contains a peak gold value of 476 ppb.

The recently completed first-pass 8,383-metre 1819 hole auger program was drilled on a 640 m line spacing with 50 m between holes. The broad-spaced program was designed as first pass testing of the southern half of the north-northwest striking Kodio trend. Anomalous stream BLEG (bulk leach extractable gold) samples and mapping along the structure uncovered active artisanal workings along a major lithological boundary, which suggested a fertile gold-bearing structure. This drilling has confirmed the model and the company is ready to follow up these anomalies with further infill auger drilling at the end of May.

Chief executive officer Glen Parsons commented today: "Awale Resources' field programs at Bondoukou continue to successfully advance drill-target generation at the project, with the aim of developing multiple drill targets for testing later this year.

"Despite the COVID-19 hurdles faced, the company is incredibly pleased to deliver these results from Kodio. The team's work continues to substantiate the potential for the Bondoukou project to deliver multiple new gold discoveries in this underexplored region of northeast Cote d'Ivoire."

                   Au ppb                 Au ppb

Number of samples   1,819  Percentile 80       5
Minimum                 0  Percentile 90       8
Maximum               476  Percentile 95      15
Mean                    5  Percentile 98      32
Median                  2  Percentile 99      52

Quality control and assurance

Analytical work for geochemical samples and rock chip samples is being carried out at the independent Intertek Laboratories Australia Ltd., an ISO 17025 (2017) 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 Bondoukou office and transported by Intertek to its laboratory in Tarkwa, Ghana, for preparation and, subsequently, the samples are shipped by Intertek to its Australian laboratory for analysis. 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 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 with honours, 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.

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