Mr. Andrew Chubb reports

AWALE AWARDED EXPLORATION PERMITS FOR 100%-OWNED PROPERTIES, ODIENNE PROJECT

Awale Resources Ltd. has been granted exploration permits for the 100-per-cent-owned PR-991 (Sama) and PR-992 (Seydou) properties, which are part of the district-scale Odienne project in Ivory Coast. The Sama (PR-991) and Seydou (PR-992) permits were formally approved during a ministerial meeting held on April 23, 2025, and publicly announced via national television and radio broadcasts on April 24. The receipt of the presidential decree is expected in the ensuing week and will mark the completion of the permitting process. The permits cover a combined area of 686.55 square kilometres and are renewable over a 10-year period.

The addition of Sama and Seydou allows Awale to initiate and rapidly advance grassroots programs across the highly prospective 100-per-cent-owned ground. These permits sit along trend of the same structural corridor that hosts Awale's BBM, Charger, Empire and Sceptre discoveries. These newly granted permits are additional to the award of the PR-904 (Odienne West) permit in late 2024.

Work program

Awale has immediately commenced exploration work at Sama and Seydou, which are planned to advance exploration toward initial scout drill programs in early 2026. The company plans to undertake the following in 2025:

• Regional mapping and geochemical sampling;
• Airborne magnetic and radiometric survey permitting can now commence, with an anticipated start date in early June;
• Prospect-scale targeted geochemistry surveys.

"Securing the Sama and Seydou exploration permits is a positive step forward in our long-term vision for Odienne. The company has immediately commenced exploration on these properties using the same systematic and diligent manner that led to multiple discoveries on the Odienne East property. These 100-per-cent-owned permits are highly prospective in what we now know is an emerging and underexplored region of Cote d'Ivoire. The awarding of these permits also reflects the strong relationship we continue to build with the government of Cote d'Ivoire.

"The company has commenced the year with an aggressive exploration drilling campaign and has assays pending for multiple prospects, including four deeper holes at Charger. We remain confident about what's still to come. Our work across Sama and Seydou will build upon this momentum, supporting our strategy to uncover the next wave of discoveries within this emerging mineral district," 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 exploring the Odienne copper-gold project, covering 2,346 square km across seven permits -- five granted and two applications. 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.

We seek Safe Harbor.