Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF SHAREHOLDERS AND FILING OF ITS Q1 2024 RESULTS

At the annual meeting of shareholders of Kobo Resources Inc. held on Aug. 29, 2024, shareholders elected each of Edward Gosselin, Paul Sarjeant, Frank Ricciuti, Patrick Gagnon, Jeff Hussey, Brian Scott and Vivek Dharni as directors of the company. Shareholders also voted to appoint MNP LLP as auditor of the company. A description of the matters put to a vote at the meeting can be found in the management information circular dated July 25, 2024, available on the company's issuer profile on SEDAR+.

Frank Ricciuti, chairman of the board of Kobo, commented: "On behalf of the entire board, we are pleased to welcome Mr. Vivek Dharni as the newest member of Kobo Resources' board of directors. With over 20 years of experience in strategic roles across corporate development and finance, particularly in Africa, Vivek's expertise will be an asset as we continue our exploration efforts at the Kossou gold project and on the Kotobi permit. His extensive background in the mining and resource sectors, combined with his commitment to sustainable growth, also aligns perfectly with our vision for Kobo's future in the region."

He continued: "The partnership with Luso Global Mining and Mota-Engil opens the door to valuable synergies that will enable Kobo to advance its strategic objectives and explore new opportunities across Africa. By combining our strengths, we look forward to moving forward and advancing our shared commitment to creating long-term value for our shareholders."

About Mr. Dharni

Mr. Dharni is a business leader with over 20 years of experience managing strategic roles in corporate development and finance-related functions in diverse and challenging environments. Mr. Dharni is focused on being a transformational leader dedicated to driving impactful change within resources, infrastructure and renewable energy space, pioneering better business practices focusing on sustainable growth strategies that positively impact both society and the economy as well as elevating value for diverse stakeholders. Mr. Dharni has worked in internationally recognized institutions such as the HDFC group, the Mota-Engil group and Rio Tinto and is currently engaged as the head of mergers and acquisitions for the Mota-Engil group in Africa and the Middle East. During the course of his professional career, he has worked both as a financier and investor as well as an industry partner in the real-asset space (infrastructure and resources) in Africa, Asia, Middle East and Europe. He has acquired strong skills in negotiation, business planning and control, business development, investments and capital raising, management, and joint ventures, having led private equity and structured finance transactions of more than $20-billion (U.S.). Mr. Dharni holds an MBA from IE Business School in Spain and charters from the CFA Institute and the CAIA Association.

Kobo also announces the filing of its unaudited condensed interim consolidated financial statements for the three-month period ended June 30, 2024, and related management discussion and analysis. Copies of these financial statements and related management discussion and analysis can be found on the company's issuer profile on SEDAR+ as well as on the company's website.

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 one of the region's largest gold mines with established processing facilities.

The company is drilling to unlock the potential size and scale of Kossou within a greater-than-nine-kilometre strike length of highly prospective gold-in-soil geochemical anomalies with excellent rock and trench sampling results. Significant gold mineralization has been identified at three main targets within a 300-metre-wide, greater-than-two-kilometre-long, pervasively altered structural corridor defining a potentially large mesothermal gold system. In 2023, the company completed approximately 5,900 metres of reverse circulation (RC) drilling and 5,400 metres of trenching alongside 4,368 metres of diamond drilling in 2024. Moving forward, the company plans to conduct an additional 10,000 metres of core diamond drilling during the remainder of 2024 at key targets at the Kossou gold project. The company also plans on additional exploration on its Kotobi permit and pending approval for over 600 square kilometres of prospective ground as part of its strategic efforts to expand its footprint in Ivory Coast.

Kobo remains committed to identifying and developing new opportunities to enhance its land position and growth in the region. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo's common shares trade on the TSX Venture Exchange under the symbol KRI.

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