Mr. Andrew Chubb reports

AWALE RESOURCES RECOMMENCES DRILLING AT THE ODIENNE COPPER GOLD PROJECT.

Awale Resources Ltd. has commenced a 2,500-metre RC (reverse circulation) and diamond drill program at its Odienne project in Ivory Coast.

This program will follow up on recent discoveries at the Charger and Sceptre East targets, where significant intrusion related gold-copper mineralization has been intersected. The company also expects to undertake maiden drilling into the much anticipated Lando and Sceptre Main targets. Additionally, the company completed a permit-wide detailed airborne magnetic and radiometric survey last week, with processed data expected in mid-June.

The Odienne JV is a joint venture fully financed by Newmont Corp. with a $3-million (U.S.) budget allocation for 2023.

"The Charger and Sceptre targets are truly exciting new discoveries with significant resource potential. This program will see the first diamond core on these prospects as we begin to test their depth and scale to deliver both high grades and volume in what is now an emerging mineralized district in Cote d'Ivoire.

"As we advance the Sceptre and Charger discoveries toward resource development, we are equally excited to be drilling the first holes at Lando where a four-kilometre-long-up-to-2.5-kilometre-wide copper-gold geochemistry footprint that neatly aligns with induced polarized geophysics. Further to this rock chip samples from the prospect returned grades of up to 4.8 grams per tonne (g/t) gold. Lando presents as a high-order drill target where the team has systematically advance the prospect to drill-ready status. We are enthusiastic about the potential of Lando to deliver a fourth discovery at the Odienne project," said Andrew Chubb, Awale's chief executive officer.

Highlights from the Charger and Sceptre East targets to be drilled in this program include the following.

Charger target -- high-grade gold-silver-copper target

Two drill holes targeted intrusive-hosted sulfide mineralization underlying previously untested gossans and new artisanal workings.

Sceptre East target -- new discovery -- large porphyry/intrusion-related gold-copper target

Initial scout drilling at Sceptre East focused on an approximately one-kilometre-long section of a multikilometre combined ground geophysical (induced polarization (IP)) and soil Cu-Au anomaly. Over 500 metres (m) by 300 m of open mineralization has been identified at Sceptre east, with all drill holes ending in mineralization.

The Sceptre Main and Sceptre West targets, within an adjacent three-kilometre-long soil Cu-Au anomaly, was not tested during this scout drill program.

The Odienne JV

The Odienne project JV is subject to an earn-in agreement with Newmont Ventures Ltd. through which Newmont retains the option to earn in to a minimum of 65-per-cent interest, from Awale, in the project in return for $15-million (U.S.) of exploration expenditures. Newmont is financing the exploration program at Odienne and Awale is managing the project in the initial three-year phase. The JV budget from Newmont for 2023 is $3-million (U.S.).

Next steps

At Sceptre, IP surveys are currently being extended across the entire Sceptre target area, which will include pole-dipole sections, as well as gradient array. Trenches are also being opened along the three mineralized drill sections at Sceptre (649275E, 649575E and 649775E). Follow-up drilling has now commenced with a view to expand and complement the previously reported mineralization and push the targets toward resource development drilling. The follow-up programs will be accompanied by discovery drilling at the Lando prospect. These RC and diamond drill programs are expected to be completed before the wet season onset in July.

Airborne magnetic/radiometric survey permitting is now complete with processed data and initial interpretations expected in mid-June -- this helicopter borne survey covered the entire permit at a 100-metre line spacing. Additionally, a ground gravity survey has commenced this quarter, this survey is planned on a 400-metre grid spacing and is planned to cover the entire permit. The gravity survey will initially be focused on the known prospects (Sceptre, Charger and Lando) and then expand to cover the entire permit. Detailed geophysics will aid the company in understanding the structural architecture and assist in drill and exploration planning.

Quality control and assurance

Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana and 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 Odienne office and transported by Intertek to its preparation laboratory in Yamoussoukro, Ivory Coast, for preparation. Samples are logged in the tracking system, weighed, dried and pulverized to greater than 85 per cent, passing a 75-micron screen. Two pulps are prepared from each sample with one stream to Intertek Ghana for fire assay and a second to Australia where the sample analyzed by 52-element ICP-MS (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.

Mineralized interval calculations

Significant intervals reported in this news release are calculated downhole length weighted intercepts. For the Sceptre target broad mineralized intervals are calculated using a 0.05 per cent Cu lower cut grade and 10 m of internal included intervals are calculated using a combination of 0.1 per cent Cu and 0.15 g/t Au with 10 m and five m of internal waste respectively. For the Charger target initial intervals are calculated at a 0.2 g/t interval, including three m of internal waste. Included intervals are at a five g/t Au cut-off with no waste. True widths are unknown as all reported intervals are from RC drilling with a limited number of holes for each prospect.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Mr. Chubb, the company's qualified person as defined by National Instrument 43-101. Mr Chubb is the company's chief executive 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 over 18 years of experience in international mineral exploration and mining project evaluation.

About Awale Resources Ltd.

Awale is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits.

We seek Safe Harbor.