Mr. Andrew Chubb reports

AWALÉ ANNOUNCES CLOSING OF STRATEGIC INVESTMENT BY FORTUNA MINING

Awale Resources Ltd. has closed its previously announced non-brokered private placement with Fortuna Mining Corp., pursuant to a subscription agreement between the parties. Under the terms of the agreement, Fortuna purchased 15,037,593 common shares of the company at a price of 39.9 U.S. cents (55 cents) per share, for gross proceeds of $6-million (U.S.) ($8,264,999).

"Awale is delighted to welcome Fortuna Mining as a strategic investor," commented Andrew Chubb, chief executive officer of Awale Resources. "As an established and successful operator with significant mining operations in Cote d'Ivoire, Fortuna's commitment is a firm vote of confidence in our technical expertise, our exploration strategy and our vision for the Odienne district. This investment strategically strengthens the company as we begin an extensive exploration campaign on our 100-per-cent-owned ground."

Under the terms of the agreement, Awale will use the net proceeds to finance expanded exploration activities across Awale's 100-per-cent-owned 1,549-square-kilometre properties at the Odienne project in Ivory Coast, where the company is advancing multiple gold and copper-gold targets with iron-oxide-copper-gold-style mineralization potential.

No warrants are included in the offering and no finders' fees or commissions were paid. The shares will be subject to a statutory hold period of four months plus a day following the date hereof.

The shares represent a total position of approximately 15 per cent of the issued and outstanding common shares of the company on an undiluted basis.

The company has also entered into an investor rights agreement with Fortuna dated June 11, 2025, pursuant to which Fortuna has the right to maintain its percentage interest in future financings, subject to certain customary exceptions, and will have such other rights as described in the May 29, 2025, news release of the company and as set forth in the Fortuna investor rights agreement. A copy of the Fortuna investor rights agreement will be filed by the company as a material agreement and will be made available on the company's SEDAR+ profile.

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 kilometres across seven permits -- five granted and two applications. This includes 797 square km in two permits held under the Awale-Newmont joint venture (OJV). Awale manages all exploration activities over the OJV, with funding 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.

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.