Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $3.0 MILLION

Kobo Resources Inc. intends to complete a non-brokered private placement of up to 10 million units at a price of 30 cents per unit for gross proceeds of up to $3.0-million. Each unit will comprise one common share and one-half common share purchase warrant. Each warrant will entitle its holder to acquire one common share at a price of 55 cents for a period of 24 months from the closing date. The units will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106. The securities underlying the units will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

Edward Gosselin, chief executive officer and director of Kobo, commented: "After the completion of the diamond drilling program in 2024 and 2025, we look forward to expanding our exploration efforts at our Kossou gold project in the second half of 2025. Following the expected closing of this financing, the additional capital will enable us to enhance our current exploration initiatives in 2025 on our three main targets, for the Kossou gold project."

The company intends to use the net proceeds of the offering to pursue its exploration initiatives initiated in H1 2025 and extend the known zones of mineralization at its three main targets, the Road Cut zone, Jagger zone and Kadie zone on the Kossou gold project, initiate preliminary metallurgical work and further develop its ongoing soil geochemical and trenching survey at Kossou, as well as to enhance the geological exploration program on the Kotobi research permit and for general corporate and working capital purposes.

Closing of the offering may occur in one or more closings with the first closing expected to occur on or about Aug. 28, 2025, and the final closing to occur no later than Sept. 5, 2025, and are subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

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 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's gold project. Exploration has focused on multiple high-priority targets within a nine-plus-kilometre 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.

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