Mr. Andrew Chubb reports

AWALÉ EXPANDS BBM TREND TO OVER 15KM WITH ADDITIONAL NEWLY DEFINED TARGETS BOBA AND FETT

Awale Resources Ltd. has expanded the BBM gold trend to over 15 kilometres (km). This underscores the potential of the BBM trend, which now extends from the 100-per-cent-owned Fremen target in the south to the newly defined Boba and Fett targets in the north. These newly identified targets highlight the potential of this highly prospective region, and with active drilling under way and a large-scale IP geophysical survey planned, the company is on the path of defining this new district. The upcoming survey aims to refine targets for a 7,000-metre reverse circulation drill campaign, setting the stage for optimized exploration on the BBM trend.

Highlights

• BBM trend now extends over 15 km, from Awale's 100-per-cent-owned Fremen target in the south to the Boba and Fett targets in the north.
• Boba and Fett have been defined along strike from BBM, highlighting the fertile and open BBM trend.
• A total of 150 line km of induced polarization (IP) geophysics is planned to cover the entire BBM trend and is scheduled for completion in January.
• An additional up-to-7,000-metre drill program will begin in February following the completion of these IP surveys.

"The new Boba and Fett targets complement the recently announced Fremen footprint on our 100-per-cent-owned Awale permit -- The fertile BBM structure continues to reveal multiple gold-in-soil anomalies, with the trend now extending over 15 kilometres. The upcoming IP survey will help refine drill targets and guide the design of a focused drill program for the new year, with up to 7,000 metres of reverse circulation drilling along this highly prospective structure. We are thrilled to begin drilling on our 100-per-cent-owned property, a much-anticipated milestone for Awale, as we simultaneously continue to progress the BBM and Charger targets," commented Andrew Chubb, chief executive officer of Awale Resources.

Detailed soil and termitaria sampling over the Boba and Fett targets defined two greater than 15 parts per billion (ppb) gold-in-soil anomalies, with high-order core anomalies at greater than 41 ppb gold and peak values of 655 parts per million (ppm) and 1,350 ppm, respectively. Lines are now being cleared for commencement of an IP geophysics survey, which when complete will cover the entirety of the trend from the 100-per-cent-owned Fremen target (see Oct. 22, 2024, news release) through to the Boba and Fett targets.

A change in the regolith regime moving northward from BBM has been observed, where outcrop diminishes and laterite starts to form a thin veneer over the underlying geology. This veneer is variable and is reflected in the tenor of the anomalies. This also results in a smaller number of termite mounds to sample and a significant portion of these anomalies are from soil sampling (Table 1).

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 under way in the underexplored regions of Ivory Coast, where the company is focused on the Odienne copper-gold project, covering 2,489 square kilometres (km) across seven permits. This includes 796 square km in two permits held under the Awale-Newmont joint venture (OJV). Awale manages all exploration activities over the 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.

Quality control and assurance

Analytical work for geochemistry samples is being carried out at the independent Intertek Laboratories in Ghana and Australia, an ISO 17025-(2017)-certified Laboratory. Samples are prepared and 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-micrometre 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 analyzed 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.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Mr. Chubb, who is the company's qualified person as defined by National Instrument 43-101. Mr Chubb is the company's CEO 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.

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