Mr. Andrew Chubb reports

AWALE COMPLETES GEOPHYSICS AND COMMENCES DRILLING AT THE 100%-OWNED FREMEN TARGET

Awale Resources Ltd. has completed an induced polarization (IP) geophysics survey and commenced a discovery drilling program at its 100-per-cent-owned Fremen target. Fremen is located within the company's Sienso permit, just four kilometres along strike from the BBM discovery at the Odienne project in Ivory Coast. Fremen consists of a newly uncovered and open 3.5-kilometre-long gold-in-soil and termitaria footprint (greater than 37 parts per billion gold), with a peak value of 1.3 grams per tonne gold (see Oct. 22, 2024, news release).

The company has now commenced a 2,000-metre reverse circulation (RC) drill program over high-order geochemistry footprints that are coincident with chargeable/resistive IP anomalies. Results from this drilling are expected in April.

Highlights:

• Completed a 50-line-kilometre IP geophysics survey covering over five kilometres of the 100-per-cent-owned Fremen target;
• IP survey identifies chargeable/resistive anomalies that align with a 3.5-kilometre-long gold footprint;
• Commencing discovery drilling with a 2,000-metre scout reverse circulation drill program;
• The IP survey is continuing along the BBM trend;
• Exploration efforts to date had primarily focused on just 400 square kilometres of the expansive 2,489-square-kilometre Odienne project land package; with regional-scale exploration now expanding beyond this initial area, significant untapped potential remains within the 100-per-cent-owned Awale permit package.

"Initiating discovery drilling at our 100-per-cent-owned Fremen target is a significant milestone for Awale. This scout drill program marks the start of our broader 2025 regional exploration, where our mission is to unlock the true potential of the Odienne project. The project represents an emerging gold-copper district, where Awale was the first to recognize its potential. As a first mover, the company holds a significant 2,489-square-kilometre land package.

"The IP survey has shown chargeable/resistive anomalies that align with our gold footprint, which runs directly along strike from the BBM discovery and we are eager to see what this initial scout drilling reveals. With a proven exploration strategy, a highly skilled technical team and a strong balance sheet, we're entering an exciting new chapter on our 100-per-cent properties -- one that we believe will create significant value for our shareholders. We look forward to sharing our progress as drilling advances," commented Andrew Chubb, chief executive officer of Awale Resources.

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 across seven permits. This includes 796 square kilometres 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.

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 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 ALS Laboratories in Ghana and Ireland, an ISO 17025 certified laboratory. Samples are prepared and stored at the company's field camps and put into sealed bags until collected by ALS 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 Ireland, where the sample is analyzed by 52-element ICP/MS with a four-acid 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 Andrew Chubb, the company's qualified person as defined by National Instrument 43-101. Mr. Chubb is the company's chief executive officer, holds an economic geology degree, and is a member of the Australian Institute of Geoscientists (AIG) and a member of the Society of Economic Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

We seek Safe Harbor.