Mr. Andrew Chubb reports

AWALE ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Awale Resources Ltd. received approval of each of the matters set out in the company's management information circular dated Aug. 7, 2026, at the 2026 annual general and special meeting of shareholders held on Sept. 18, 2026.

Number of directors

Setting the number of directors at five was approved. The votes were cast as detailed in an attached table.

Election of directors

Each of the five director nominees proposed by management in the circular was elected. The votes were cast as detailed in an attached table.

Appointment of auditor

Davidson & Company LLP was reappointed as the auditor of the company and the directors were authorized to fix its remuneration. The votes were cast as detailed in an attached table.

Omnibus plan

Shareholders approved the adoption of the company's omnibus equity incentive plan by ordinary resolution, as more particularly described in the accompanying circular. The votes were cast as detailed in an attached table.

The omnibus plan replaces the company's existing stock option plan and restricted share unit plan. Details of the omnibus plan are set out in the circular. The omnibus plan is subject to final acceptance by the TSX Venture Exchange.

About Awale Resources Ltd.

Awale Resources is a diligent and systematic mineral exploration company focused on discovering large-scale gold and gold-copper deposits in Ivory Coast. The company's flagship Odienne project now hosts an initial inferred mineral resource estimate (1) of 1.71 million ounces gold equivalent across the BBM, Charger and Empire deposits (32.4 million tonnes (t) at 1.33 grams per tonne (g/t) gold (Au) and 0.33 per cent copper (Cu)), providing a strong foundation for continuing growth and future economic studies.

In addition to the current resource base defined on the joint venture ground, Awale controls a 1,542-square-kilometre, 100-per-cent-owned land position across the broader Odienne district, where multiple targets provide additional potential discovery upside. Across the project, Awale has identified multiple gold and gold-copper systems, and continues to build a pipeline of targets with potential to support further discoveries and resource growth.

The Odienne project covers 2,338 square kilometres across seven permits, including 797 square kilometres held under the Awale-Newmont joint venture. Awale manages exploration activities across the joint venture area.

With a skilled and experienced technical team, together with support from three strategic shareholders, Awale is advancing exploration in an underexplored and pro-mining jurisdiction with clear potential for district-scale discoveries.

(1) The full initial mineral resource estimate news release dated May 19, 2026, including detailed assumptions and methodology, is available on the company's website and SEDAR+.

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