Mr. Andrew Chubb reports

AWALÉ EXPANDS SYSTEMATIC EXPLORATION OVER HIGHLY PROSPECTIVE 100%-OWNED LAND

Awale Resources Ltd. has provided an update on continuing exploration across its 100-per-cent-owned permits within the Odienne project in Ivory Coast. The company's wholly owned permits cover approximately 1,550 square kilometres, representing two-thirds of the project's 2,346 square km land package.

Highlights

• Awale is concentrating exploration efforts on its 100-per-cent-owned permits, which represent two-thirds of Odienne's 2,346 square km land package.
• Backed by a $15-million treasury, Awale is financed to advance a robust pipeline of greenfield exploration.
• Two drill campaigns completed at the Fremen target with new results expected in August, 2025.
• Proven discovery record and systematic methods being applied across highly prospective and underexplored ground.

"We are aggressively advancing exploration across three of our five 100-per-cent-owned permits, located directly along trend from our BBM, Charger and Empire discoveries. Backed by a strengthened treasury following Fortuna Mining's recent strategic investment, we are executing a systematic and well-funded greenfield program over some of the most prospective and underexplored ground in Cote d'Ivoire. The discoveries we've already made highlight the capability of our technical team, and we are now applying these proven methods to unlock the next wave of discoveries across our 100-per-cent-owned portfolio.

"The current exploration program is designed to develop a rapid pipeline of new drill targets in addition to Fremen, where results from a recently completed scout RC drilling are expected soon," commented Andrew Chubb, chief executive officer of Awale Resources.

Work program summary for 100-per-cent-owned permits:

• Sienso (245 square km).

Fremen target:

• Situated just four km along strike from the high-grade BBM discovery on the Odienne East permit. Scout drilling program initiated in early 2025 confirmed broad, near-surface gold mineralization.
• The Fremen footprint has since been extended by an additional five km to the south, with a recently completed 24-hole, 2,430-metre RC (reverse circulation) drill program, assay results pending.
• Covered in the recent detailed airborne aeromagnetic and radiometric survey.
• Follow-up diamond and RC drilling planned for the Fremen target, alongside continued geochemistry to develop further drill targets.
• Sama (296 square km) and Seydou (391 square km):
  • Systematic regional targeting programs -- developing new drill targets for new discoveries;
  • Completed regional stream sediment BLEG (bulk leach extractable gold) sampling, results expected September, 2025;
  • Detailed aeromagnetic and radiometric survey completed, processed imagery expected September, 2025;
  • Follow-up geochemistry -- final step in developing drill targets -- termite mound sampling, soils or auger drilling;
  • RC and diamond discovery drilling planned over targets developed from the above-mentioned surveys.
• GB (247 square km): application stage, expected to be granted in Q4 2025;
• Tienko (371 square km): application stage, expected to be granted in Q4 2025.

The recent award of the Seydou and Sama permits provides Awale with the critical mass needed to complete regional-scale exploration across three 100-per-cent-owned permits, with two more permits expected in Q4 2025. In parallel, the company has completed two drill campaigns totalling 46 holes over 4,444 metres at the Fremen target on the Sienso permit (see June 16, 2025, news release).

The second phase of drilling tested a newly defined five km extension to the phase 1 drill targets, results from this 22-hole program are expected in August, 2025. Awale is well financed to advance these assets, with approximately $15-million in cash following a recent strategic investment by Fortuna Mining.

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 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.

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.

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 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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