Mr. Andrew Chubb reports

SHARES FOR DEBT ISSUANCE AND CORRECTION

Awale Resources Ltd. has issued the balance of 1,812,230 shares in settlement of outstanding debt. Requiring shareholder approval obtained on September 6 th, the Company has issued an aggregate of 3,978,882 shares in settlement of $477,465 of debt. The recent shares issued are subject to a hold period trading restriction expiring February 21, 2024.

Additionally, the Company wishes to clarify that in its news release dated May 24, 2023 it incorrectly stated that its incentive stock options granted were exercisable at $0.20. The 3,605,000 options granted are exercisable at $0.12 per share until expiry. About Awale Resources

Awale is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company currently undertakes exploration activities in the underexplored parts of Cote d'Ivoire. Awale's exploration success to date has culminated in a fully funded earn-in Joint Venture with Newmont covering one permit and one application (the "Odienne Project JV") within the greater Odienne Copper-Gold Project in the Northwest of Cote d'Ivoire, where three significant gold and gold-copper-silver-molybdenum discoveries have been made. The Sceptre East and Charger discoveries have significant scope for growth with future discovery and resource development drilling. The project has multiple pipeline prospects that have similar geochemical fingerprints to Iron Oxide Copper Gold ("IOCG") and intrusive related mineral systems. The 400km2 of granted tenure and 400km2 under application remains underexplored and offers significant upside potential. The Odienne Project JV forms a solid foundation for the Company to continue exploring in a pro-mining jurisdiction that offers significant potential for district scale discoveries.

We seek Safe Harbor.