Mr. Andrew Chubb reports

AWALE RESUMES DRILLING AT THE CHARGER PROSPECT ON THE ODIENNE PROJECT JOINT VENTURE

Awale Resources Ltd. has commenced a 3,000-metre diamond drilling program over the Charger prospect at the Odienne project. The drilling is planned to follow up to the recently announced 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole in OEDD-83 at the Charger Prospect (see Awale news release March 25 2024). Additionally, a 4000m drill program for the BBM discovery (see Awale news releases January 11 2024 and March 18 2024) will commence with a second diamond drill rig in the ensuing weeks.

Highlights:New drill program is now underway at Charger following up on Awale's recent drill intercept of 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole A second rig will soon commence drilling at the BBM Prospect to follow up on its 75m @ 2.4 g/t gold equivalent interceptDrilling is fully funded by Newmont

Andrew Chubb, CEO of Awale Resources, stated today,

"With our two recent discoveries on the Charger and BBM prospects, we thought it's critical to resume drilling without delay and follow up on these exciting discoveries. This next phase of drilling marks another step in Awale's endeavour open a new mining and exploration district in Cote d'Ivoire, the recent results from BBM and Charger underscores our projects potential. We have never doubted the potential of the Odienne district we are excited to launch into this new phase of drilling."

Awale views Odienne as highly prospective for large-scale Iron Oxide Copper Gold (IOCG) mineral systems. Awale's exploration approach has now delivered significant discoveries that also include the Empire and Sceptre East with multiple untested pipeline targets that highlight the district scale potential of the project.

About The Charger Prospect

This new intercept of 57m @26 g/t gold in drillhole OED-83 from the recently announced four drillhole program reopens Awale's original interpretation of broader mineralization where the breccia zones may connect at depth which would rapidly increase the volume of the high grade gold mineralization.

The Charger Prospect is a discovery that has delivered multiple high grade significant intercepts in previous drilling which includes the following high grade intercepts in the breccia pipe to the south of that intercepted in OEDD-83 (see Company news releases dated March 29 2023, and August 21 2023):OERC-132: 32m @ 3.0 g/t Au from 74m downhole. Including 4m @ 12.4 g/t Au from 78m downhole. OEDD-45 (step back from OERC 132) contains 3 high grade intervals within a 65 m wide zone of mineralization which included 12 m @ 4.9 g/t gold from 89m downhole,13m at 1.3 g/t gold from 114m downhole and,And 21m @ 1.3 g/t gold from 133m downhole.Hole OEDD-53 (50m step back from OEDD-45): 32m @ 1.5g/t Au from 215m downholeIncluding 3m @ 5.2g/t Au from 77m.

Four holes for 699 m were drilled at Charger during this phase, three of these testing a new 3D geologic framework for mineralization at the prospect. Three holes (OEDD-78, OEDD-79 and OEDD-82) did not intercept significant mineralization. However, hole OEDD-83 was specifically targeted to drill through potential mineralization associated with the newly recognized NE structural control. This intercept is 60 m north of the two previously intercepted breccia pipes, and is under the discovery hole (OERC-89) at Charger.

Table 1: Significant Intercepts for the last 4 drill holes at the Charger Prospect

Hole      From To    Width Au g/t Cu_% Mo_ppm Ag_ppm East    North     RL  Azi Dip Hole Depth (m)
OEDD-78   NSV                                        647,661 1,032,245 477  15 -55          146.1
OEDD-79   NSV                                        647,641 1,032,480 483 155 -56          182.2
OEDD-82     29    30     1    4.8                     647634   1032128 475 195 -56          110.3
      and   91    92     1    0.5                                                                
OEDD0083    18    19     1    0.4 0.00    0.2    0.0  647787   1032400 476 193 -57          260.2
      and   91    93     2    2.8 0.01    4.0    0.1                                             
      and   97    98     1    1.1 0.02    3.8    0.5                                             
      and  157   159     2    0.6 0.03    1.5    0.7                                             
      and  164   221    57   26.1 0.05    2.3    5.2                                             
Including  165   197    32   45.7 0.08    2.3    8.5                                             
Including  210   219     9    1.6 0.00    2.7    1.4                                             
      and  231   239     8    1.0 0.01    2.1    0.7                                             
Including  232   236     4    1.7 0.01    2.3    1.0                                             
      and  257   260   3.2    1.3 0.01    3.2    0.2                                             
Including  259 260.2   1.2    3.1 0.01    6.0    0.4                                             

Note: A 0.2 g/t trigger and include internal waste of 3m for delineation mineralized zones. Included intervals are at a 1g/t trigger.

Investors and stakeholders are encouraged to follow Awale Resources' progress through updates on the Company's website.

The Awale-Newmont JV - 'Odienne Project JV'

The Odienne Project JV covers one permit and one application within the greater Odienne Copper-Gold Project in the Northwest of Cote d'Ivoire, and is subject to an earn-in agreement with Newmont Ventures Limited ("Newmont"); see Company News Release dated May 31, 2022) through which Newmont retains the option to earn-in to a minimum of 65% interest, from Awale, in the Odienne Project JV in return for USD 15 million of exploration expenditures. Newmont is funding the exploration program and Awale is managing the Odienne Project JV in the initial three-year phase.

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 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"), where four significant gold and gold-copper-silver-molybdenum discoveries have been made.

The Odienne Project JV is located within Awale's greater Odienne Copper-Gold Project (the "Project") which consists of 2462 km2 of tenure in the Northwest of Cote d'Ivoire. The Newmont JV consists of 400km2 of granted tenure and 400km2 under application, or approximately *1/3* of Awale's total holding in the district. The Company announced 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole at the Charger Prospect and the discoveries have significant scope for growth and resource development. The Project has multiple pipeline prospects that have similar geochemical fingerprints to Iron Oxide Copper Gold (IOCG) and intrusive related mineral systems that offers significant potential for district scale discoveries.

Quality Control and Assurance

Analytical work for drill samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, 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 their preparation laboratory in Yamoussoukro, Cote d'Ivoire, for preparation. Samples are logged in the tracking system, weighed, dried, and pulverized to greater than 85%, 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 is analysed by 52 element ICP/MS with an Aqua Regia digest. Blanks, duplicates, and certified reference material (standards) are being used to monitor laboratory performance during the analysis. All fire assay samples returning greater than 5 g/t gold are routinely Screen Fire Assayed, in the case of The Charger prospect lower than 5 g/t samples up and down hole from the high grade interval were also subject to Screen Fire Assays.

Mineralized Interval Calculations

Significant intervals reported in this news release are calculated downhole length weighted intercepts. For the Charger Prospect initial mineralized are calculated at a 0.2 g/t trigger and include internal waste of 3m for delineation mineralized zones. Included intervals are at 0.5, 1g/t and 5g/t trigger values with 3m of internal waste only.

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 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 20 years of experience in international mineral exploration and mining project evaluation.

We seek Safe Harbor.