Mr. Edward Gosselin reports

KOBO RESOURCES RESUMES DIAMOND DRILLING AT ITS 100%-OWNED KOSSOU GOLD PROJECT WITH 10,000-METRE PROGRAM FOCUSED ON HIGH-POTENTIAL GOLD TARGETS

Kobo Resources Inc. has resumed diamond drilling at its 100-per-cent-owned Kossou gold project in Ivory Coast. This 10,000-metre drill program will target key gold zones identified in previous exploration efforts, including the Jagger zone, the Road Cut zone, the Kadie zone and the Contact zone.

Highlights:

• Fully financed 10,000-metre drill program -- With approximately $6-million in cash, Kobo is well capitalized to execute this drill program and continue exploration into the new year.
• Multiple high-potential gold targets -- The team is focused on significant gold mineralization potential across four key zones -- the Jagger zone, the Road Cut zone, the Kadie zone and the Contact zone (with the first-ever diamond drill holes planned for this target).
• Leveraging the strengths of Mota-Engil -- As a strategic shareholder and partner, Mota-Engil's global expertise and local presence is expected to assist in accelerating Kobo's growth in Africa.
• On-site base camp being established -- A new base camp is being set up on site to increase efficiency and reduce costs.
• New water well installation -- The water well will not only serve Kobo's base camp, but will also provide fresh water to the local community of Bocabo as part of Kobo's commitment to responsible exploration practices.

Edward Gosselin, chief executive officer and director of Kobo, commented: "This is an exciting time for Kobo as we reinitiate our diamond drilling campaign on highly prospective gold targets at Kossou. We are fully funded for this program and into next year, providing us with the resources to aggressively pursue our exploration objectives. The key zones we're targeting hold significant potential, and this new program will build on previous success by testing depth extensions and uncharted mineralized areas. We are also proud of our commitment to responsible exploration, highlighted by the fresh water well initiative that will benefit and support the local Bocabo community. Looking beyond Kossou, we are dedicated to advancing our regional exploration strategy, bolstered by the support of our strategic partner, Luso Global Mining. We remain focused on delivering results for our shareholders and are excited about the opportunities that lie ahead."

Gold target zones for the drill program

Jagger zone

The Jagger zone is defined by a two-kilometre-long gold-in-soil geochemical anomaly that has been trenched and drilled over a one km strike extent and remains open to the north and south. Drilling from this program will focus on the core of the zone, testing extensions of mineralized structures to depth and north of KRC011 (19 m at 2.03 grams per tonne gold). The Jagger zone remains open at depth, with the deepest intercepts approximately 125 m below surface. This drill program will also test for mineralization 175 to 200 m below surface, and based on positive results, could explore up to 250 m below surface.

Drilling will also test mineralization south of section JZ 700 (KDD0001 -- 38.2 m at 1.55 g/t Au, and KDD0021 -- 14 m at 2.91 g/t Au) with the goal of extending gold mineralization south to connect with previous drilling from the company's 2023 reverse circulation (RC) drill program, with results up to six m at 4.31 g/t Au (KRC015). This untested gap is approximately 350 m in length. Several holes are also planned to undercut previous RC drilling in this area. Hole RC0021 intersected several zones of gold mineralization, including 18 m at 0.60 g/t Au, six m at 0.70 g/t Au and three m at 1.23 g/t Au, indicating the shear system remains well mineralized.

The company will drill approximately 3,700 m of diamond drilling in 17 holes at the Jagger zone as part of this program.

Road Cut zone

The Road Cut zone is defined by a greater than 1.6 km long gold-in-soil anomaly and has been trenched and drilled over approximately 900 m of strike length. Multiple mineralized shear zones have been identified during the company's 2023 RC drilling program (KRC044 -- 13 m at 2.10 g/t Au) and from the most recent diamond drilling (KDD0012 -- 11 m at 1.71 g/t Au) efforts. Mineralization is open to the south, with the southernmost hole on the target returning 11 m at 1.13 g/t Au (KDD0018). This program will continue to test mineralization to the south, where the target may ultimately join mineralization at both the Jagger and Kadie zones. Drilling to date has been confined to about 100 m below surface, and the current program will test mineralization to approximately 150 m below surface and fill in gaps in drilling defined in the company's most recent diamond drilling program.

The company will drill approximately 3,700 m of diamond drilling in 18 holes at the Road Cut zone as part of this program.

Kadie zone

Mineralization at the Kadie zone is based on strong gold-in-soil geochemical anomalies and trenching over one km of strike length. To date, only five diamond drill holes have been completed on three northwest-trending structures, highlighted by KDD005 (nine m at 23.89 g/t Au) and KDD0024 (seven m at 1.91 g/t Au). Drilling has only tested to approximately 50 m below surface, and mineralized shears remain open in all directions.

The company will drill approximately 1,000 m of diamond drilling in seven holes at the Kadie zone as part of this program.

Contact zone

The Contact zone fault has been identified as a significant first-order structure and is viewed as a deep-seated discontinuity that may be responsible for channelling gold-bearing fluids during progressive structural deformation of the area. A strong gold-in-soil geochemical anomaly (greater than 50 parts per billion Au) can be traced over a 2.5 km distance along this potential target. During a structural study completed in October, 2023, by the company's structural geologist, Dr. Ghislain Tourigny, a strong deformation corridor was mapped west of the Contact zone fault. Dr. Tourigny noted the strongest gold mineralization in the volcanic-hosted shear systems were within 300 to 500 m of this structure. The proximity of strong gold mineralization at the Road Cut, Jagger and Kadie zones and the presence of significant artisanal mining along the geophysical trace of this fault near Lake Kossou present a very intriguing target that will be explored during this drill campaign.

The company will drill approximately 700 m of diamond drilling in seven holes at the Contact zone as part of this program.

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 person as defined in National Instrument 43-101. Mr. Sarjeant is the president, chief operating officer and a 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 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 greater than nine km of strike length of highly prospective gold-in-soil geochemical anomalies with excellent rock and trench sampling, as well as drill results. Significant gold mineralization has been identified at three main targets within a 300 m wide, greater than two km long, pervasively altered structural corridor defining a potentially large orogenic gold system. In 2023, the company completed approximately 5,900 metres of reverse circulation 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 and an experienced leadership team with in-country experience.

We seek Safe Harbor.