Mr. Andrew Chubb reports

AWALE HITS 2.0 G/T GOLD EQ. OVER 52 METRES AT THE BBM ZONE, ODIENNE PROJECT

Awale Resources Ltd. has released the results from seven diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienne project in Ivory Coast. The drill program, which began in November, 2024, is complete with a total of 6,379.9 metres (m) drilled. The seven drill holes reported are within the east, west and central parts of the BBM mineralization, where the company has closed drill spacing to a 100 m grid. Notably, hole OEDD-119 has confirmed the interpreted high-grade mineralization within a 300 m wide plunging shoot. Assay results from six drill holes of the BBM diamond drill program are still pending.

Highlights:

• Hole OEDD-119 intercepted 52 m at 2.0 grams per tonne (g/t) gold equivalent (AuEq) from 197 m:
  • Including 15 m at 3.6 g/t gold (Au), 0.52 per cent copper (Cu) and 479 parts per million (ppm) molybdenum (Mo) from 208 m;
  • Two m at 9.3 g/t Au, 0.87 per cent Cu and 1,206 ppm Mo from 215 m downhole.
• Hole OEDD-122 intercepted 32 m at 1.2 g/t AuEq from 59 m downhole.
• Hole OEDD-119 confirms the higher-grade core to mineralization within a 300 m wide plunging shoot.
• Assays pending for six remaining holes from the 22-hole, 6,380 m diamond drill program at BBM.

"We are excited to see continued strong results from BBM, reinforcing the robust gold and copper mineralization at this target. The 52 m at 2.0 g/t AuEq intercept in hole OEDD-119 confirms the plunging higher-grade core to mineralization, particularly with the consistently higher-grade zone at the footwall contact. The BBM system remains open downplunge, and we look forward to additional results from this diamond drilling campaign, as well as from the completed reverse circulation scout drilling, which tested for satellite targets along strike.

"BBM continues to demonstrate its potential, supported by the intensive exploration efforts launched at the start of the 2024-2025 dry season, which are now delivering tangible results, not only at BBM but also across multiple high-priority targets. By systematically advancing these parallel exploration programs, we are unlocking Odienne's broader potential, where we do not view each of our discoveries individually but as part of a greater camp," commented Andrew Chubb, chief executive officer of Awale Resources.

Significant intercepts from the current release, with drill collar locations for all drilling in this phase at BBM, are presented in the attached tables, respectively.

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 exploring 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.

Awale has discovered four gold, gold-copper and gold-copper-silver-molybdenum mineralized systems 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 quality 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 (inductively coupled plasma mass spectrometry) with a four-acid digest. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

Mineralized interval calculations

Significant intervals reported in this news release are calculated as downhole length-weighted intercepts. For the BBM target, initial mineralized zones are calculated at a 0.2 g/t trigger and include up to three metres of internal waste for delineating mineralized zones. Included intervals are calculated at 0.5 g/t, one g/t and two g/t trigger values, with up to three metres of internal waste. An attached table contains a list of all BBM holes reported in this news release. True widths are estimated to be 70 per cent of the downhole widths.

AuEq calculations

AuEq is calculated using the following parameters in U.S. dollars: Au at $1,910 (U.S.) per ounce (oz) (troy); Cu at $3.80 (U.S.) per pound (lb); Mo at $40,000 (U.S.) per tonne; and $23.40 (U.S.) per oz (troy). The formula is AuEq equals Au (g/t) plus ((Cu (ppm) times 0.00014) plus (Mo (ppm) times 0.00065) plus (Ag (g/t) times 0.01225)). An 80-per-cent metallurgical recovery is assumed for all metals, as the specific recovery rates for individual metals are unclear and assuming different recoveries would be premature at this stage.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Mr. 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 Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

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