Mr. Edward Gosselin reports

KOBO RESOURCES PROVIDES CORPORATE UPDATE AND OUTLINES 2025 EXPLORATION PLANS

Kobo Resources Inc. has provided a corporate update, highlighting recent insider participation through the exercise of stock options as well as the completion of certain broker warrant exercises. The company also provides an update on the exploration plans at its 100-per-cent-owned Kossou gold project and broader Ivory Coast portfolio.

Key highlights:

• Comprehensive analysis to guide 20,000-to-30,000-metre drill program: The company, alongside its structural geologist Dr. Ghislain Tourigny, is analyzing results from the recently completed 10,000-metre diamond drill program to optimize plans for its largest drill program to date at Kossou, expected to begin in Q2 2025.
• Management and board signal confidence in growth strategy: Since December, 2024, management and directors have exercised 1.5 million stock options, generating $270,000 in proceeds. Additionally, nearly all broker warrants from the company's prior financing have been exercised, contributing an additional $177,000.
• Regional exploration plans: Early-stage exploration continues at the company's Kotobi permit and preliminary grassroots work is under way as part of the two earn-in agreements with Nesdave Mining SARL.

Edward Gosselin, chief executive officer and director of Kobo, commented: "As we prepare to launch our largest drill program to date in Q2 2025, we remain focused on systematically advancing the Kossou gold project and further defining its resource potential, reinforced by recent strong insider commitment to our strategy. At the same time, we are actively progressing regional exploration at our Kotobi permit and initiating early groundwork on the Nesdave permits to expanding our footprint in Cote d'Ivoire's highly prospective gold districts. As we move into this next phase of exploration, we look forward to building on our momentum and driving value through continued discovery."

Since December, 2024, members of Kobo's management team and board of directors have exercised a total of 1.5 million stock options, generating approximately $270,000 in proceeds, reflecting their continued confidence in the company's exploration progress and long-term growth strategy. Additionally, nearly all outstanding broker warrants from the company's previous financing have been exercised, contributing a further $177,028 to Kobo's treasury.

Following the completion of its 10,000-metre diamond drilling program at Kossou in February, 2025, the company, in collaboration with its structural geologist, Dr. Gislain Turnigoy, is conducting a detailed analysis of all results to refine its geological model and define priority drill targets. These findings will guide the next phase of drilling, set to begin in Q2 2025, with up to 30,000 metres planned across high-priority gold targets. This will be the company's most extensive drill program to date, utilizing at least two diamond drill rigs and one reverse circulation rig.

Beyond Kossou, Kobo continues to advance exploration across its broader Ivory Coast portfolio. At the Kotobi, early-stage exploration efforts are under way, including soil geochemical sampling, magnetic interpretation and geological mapping. Additionally, under its previously announced earn-in agreements with Nesdave, covering 166.78 square kilometres of highly prospective ground, the company has initiated preliminary grassroots exploration on these licences.

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.

With over 15,000 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling and 5,900 meters of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou gold project. Exploration has focused on multiple high-priority targets within a nine-kilometre-plus strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralization at the Jagger, Road Cut and Kadie zones. The latest phase of drilling has further refined structural controls on gold mineralization, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the company is advancing exploration at its Kotobi permit and is actively expanding its land position in Ivory Coast with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. 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.

We seek Safe Harbor.