Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Due to strong investor demand, Kobo Resources Inc. has upsized its previously announced non-brokered private placement of units.

Edward Gosselin, chief executive officer and director of Kobo, commented: "The successful completion of the company's private placement and upsize represents an important milestone for Kobo, demonstrating the market's confidence in our team and in our 100-per-cent-owned Kossou gold project. Having the overwhelming support of existing and new shareholders, we can build on this foundation for aggressive growth at Kossou as we continue to develop our key assets and create value for all stakeholders.

"Importantly, we are glad that Luso Global Mining, one of our key shareholders, is a participant in the financing and has elected to maintain its 9.9-per-cent interest. We are excited to build on our strategic partnership with Luso Global Mining as we expand our presence in Cote D'Ivoire through the Kossou gold project and explore future opportunities."

The upsized offering is for up to 13,899,902 units of the company at a price of 30 cents per unit for gross proceeds of up to approximately $4,169,970.60, increased from the previously announced 10 million units for gross proceeds of up to $3.0-million.

The units will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 -- Prospectus Exemptions (or, in Quebec, Regulation 45-106 respecting Prospectus Exemptions) (NI 45-106).

Each unit will comprise one common share and one-half of one common share purchase warrant. Each whole warrant will entitle its holder to acquire one common share at a price of 55 cents per share for a period of 24 months from the closing of the first tranche of the offering. The securities underlying the units will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

The company intends to use the net proceeds of the offering to pursue its 2025 exploration plans as 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 other regional exploration targets, and for general corporate and working capital purposes.

Further to the upsize, closing of the offering is expected to occur on or about Sept. 5, 2025, and is 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 km 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.

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