Mr. Edward Gosselin reports

KOBO RESOURCES DISCOVERS NEW HIGH-GRADE GOLD MINERALISATION FROM TRENCHING AT ITS ROAD CUT ZONE WITH 4.44 G/T AU OVER 28 M AND REPORTS FURTHER POSITIVE GOLD RESULTS AT ITS KADIE ZONE WITH 13.08 G/T AU OVER 4 M

Kobo Resources Inc. has discovered new high-grade gold mineralization following additional trenching at the Road Cut zone (RCZ), and has released positive results from continued exploration work at the Kadie and Jagger zones at the company's 100-per-cent-owned Kossou gold project.

Edward Gosselin, chief executive officer and director of Kobo, commented: "Recent trenching has uncovered a previously undetected high-grade zone of gold mineralization east of our primary target at the Road Cut zone. These strong gold values suggest that there is additional potential for a parallel zone of mineralization east of the main Road Cut zone target and may also provide strong support for the Contact zone fault concept previously reported."

He continued: "We remain encouraged by the continued positive results from both the Jagger and Kadie zones as we progress with our exploration efforts at these targets. This trenching was intended to evaluate crosscutting vein structures based on our recent structural interpretation work, and these vein sets appear to have been confirmed. Results reported to date have been very impressive and our team looks forward to initiating the company's diamond drilling program early next year."

RCZ trench result highlights:

• KTR070: 4.44 grams per tonne (g/t) gold (Au) over 28 metres, including 6.54 g/t Au over 18 m;
• KTR069: 2.50 g/t Au over six m;
• KTR073: 2.03 g/t Au over five m.

Recent trenching at the RCZ has uncovered an important new discovery of high-grade gold mineralization located east of the main drill target from the reverse circulation drill program completed earlier this year. These trenches at the RCZ are located on the eastern edge of a strong gold-in-soil geochemical anomaly that had not previously been trenched or drilled. This new zone is also located 120 m to the west of the prospective Contact zone fault that has been identified as a significant first order structure that may provide pathways for gold mineralization along a 300 m wide and greater than two-kilometre-long structural corridor mapped by the company. Gold mineralization within these trenches is associated with both a north-northwest-trending shear zone and the high-grade gold values are associated with crosscutting west-northwest and easterly striking quartz vein sets as defined by the recent structural study completed at Kossou in September. These are the same structural controls and associations that control significant mineralization at both the Jagger and Kadie zones, and correspond to the regional picture being developed by the company. Full assay results from all trenches are provided in the table entitled "Trench results -- Road Cut zone, Kadie zone and Jagger zone."

Kadie zone trench result highlights:

• KTR063: 13.08 g/t Au over four m, including 50.70 g/t Au over one m, 1.77 g/t Au over 23 m, including 2.80 g/t Au over 13 m, and 31.30 g/t Au over one m;
• KTR065: 4.78 g/t Au over seven m, including 21.70 g/t Au over one m;
• KTR064: 1.89 g/t Au over 16 m, including 2.64 g/t Au over eight m.

Three north-south trenches were excavated and sampled at the Kadie zone to further evaluate and map crosscutting vein sets. Mapping and assay results in all three trenches have confirmed the presence of west-northwest and easterly striking high-grade quartz vein sets (up to 50.70 g/t over one m) crosscutting the dominant north-south shear, and support gold-in-soil geochemical anomalies that indicate over 750 m of strike extent at the Kadie zone. Based on these results, the company will plan to drill the Kadie zone target during the upcoming drill program.

Jagger zone trench result highlights:

• KTR062: 5.54 g/t Au over two m, including 9.99 g/t Au over one m and 1.38 g/t Au three m;
• KTR067: 1.16 g/t Au over seven m, and 2.58 g/t Au over four m, including 4.78 g/t Au over two m.

Continued trenching at the Jagger zone has confirmed significant gold grades east of the core of the Jagger shear zone in trench KTR062. Broad zones of gold mineralization have been identified in a northerly trending shear structure parallel to the main Jagger shear zone. Additionally, mapping has identified various zones of high-grade quartz veins crosscutting the main northerly shear zone in concurrence with the known structural trends. Similarly, KTR066 has mapped the Jagger shear zone north of drill holes KRC010 and KRC011, with broad zones of sub-one g/t Au material within the main shear structure. Trench KTR067, a north-south trench, tested the main Jagger shear zone north of drill hole KRC047, and successfully identified the main north-south Jagger shear zone and several zones of the high-grade crosscutting vein sets. These results suggest the zone remains open to the north, as predicted by the gold-in-soil geochemical anomaly and previous drilling.

Sampling, quality assurance/quality control and analytical procedures

All samples were analyzed at the SGS facility in Yamoussoukro using a 50-gram fire assay with an AA (atomic absorption) finish (FAA505 with prep code PRP87). All QA/QC control samples returned values within acceptable limits.

Review of technical information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, PGeo, who is a qualified persons as defined in National Instrument 43-101. Mr. Sarjeant is the president, chief operating officer and director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Ivory Coast, one of West Africa's most prolific and developing gold districts, hosting several multimillion-ounce gold mines. The company's 100-per-cent-owned Kossou gold project is located approximately 20 kilometres northwest of the capital city of Yamoussoukro and is directly adjacent to Perseus Mining's Yaoure gold mine, one of the region's largest gold mines with established processing facilities.

The company has delivered excellent gold results and identified multiple shear zones with gold mineralization as part of its maiden drill program. Drilling and exploration work continue to unlock the potential size and scale of the Kossou gold project within a strike length of more than nine km of highly prospective zones, including the Road Cut zone, the Jagger zone and the Kadie zone.

Kobo offers investors the exciting combination of high-quality gold prospects and an experienced leadership team with in-country experience.

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