Mr. Andrew Chubb reports

AWALE UNCOVERS 3.5KM GOLD FOOTPRINT ON 100%-OWNED GROUND AND ON TREND FROM THE BBM DISCOVERY

Awale Resources Ltd. has uncovered a new and open 3.5-kilometre-long (km) over-37-part-per-billion (ppb) gold in termitaria footprint with a peak value of 1.3 grams per tonne (g/t) gold (Au). The program was completed within Awale's 100-per-cent-owned Sienso permit next door to the BBM discovery which lies four km along strike to the northwest.

"This new find at Sienso was made using the same termite mound sampling method that led to the BBM discovery. Termite mounds are great exploration tools as they provide in-situ sample from deep in the ground to be analyzed for gold and other metals. This methodology has proven effective in our terrain and we are delighted termitaria sampling has uncovered another large gold footprint at such an early stage of exploration on our 100-per-cent-owned ground. The discovery hole at BBM was drilled under a 1.2 g/t termitaria sample, so we are excited to follow up this new target given its proximity and similar characteristics to BBM. With the seasonal rains soon subsiding, we will proceed with an induced polarization (IP) geophysics program over this anomaly. If the geophysical results support the anomaly, we will drill this target at the earliest opportunity," commented Andrew Chubb, chief executive officer of Awale Resources.

Awale completed a soil and termitaria survey in two phases: initially at a 400-metre-times-50-metre spacing, followed by infill to a 200-metre-times-50-metre spacing. All samples were analyzed with a portable X-ray fluorescence (pXRF) machine and samples were selected for gold analysis after mapping the anomalous pathfinder elements. Higher-tenor anomalism within the 3.5-kilometre trend is coincident with a bend in the structural trend, similar to the BBM discovery. Additionally, there are coincident late intrusive rocks spatially associated with the change in strike that also show similarities to the BBM discovery.

100-per-cent-owned Awale

Sienso's gold footprint is part of Awale Resources' 100-per-cent-owned ground. The company's Odienne project consists of five permits spanning 1,693 square km, all 100 per cent Awale owned. The Awale-Newmont joint venture (OJV) consists of two additional permits contiguous within the Odienne project and cover a total area of 796 square km. Awale manages all exploration activities at OJV, with financing provided by Newmont Joint Ventures Ltd. (see May 31, 2022, news release).

Awale has discovered four gold, gold-copper and gold-copper-silver-molybdenum discoveries within the OJV and has recently commenced exploration on its 100-per-cent-owned properties following an $11.5-million capital raise in April, 2024.

The Odienne project is underexplored and has multiple pipeline prospects with similar geochemical signatures to iron oxide copper gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The company benefits from a skilled and well seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

Next steps for the Sienso permit

In this quarter, the company will conduct IP geophysics over the new target area. If the results from the program align with the geochemical anomaly, an initial drill program will follow in Q1 2025. Surface termitaria and soil geochemistry will continue along the open southern extensions of the anomalies mentioned in this release, as well as new programs along parralel structural targets further east within the Sienso permit area.

About Awale Resources Ltd.

Awale is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently undertaken in the underexplored regions of Ivory Coast, where the company is focused on the Odienne copper-gold project spanning 2,489 square km in seven permits.

We seek Safe Harbor.