Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF OVER $2.5 MILLION

Kobo Resources Inc. has closed the first tranche of its previously announced non-brokered private placement of units for gross proceeds of $2,516,479.80. Under the first tranche of the offering, 8,388,266 units were issued at a price of 30 cents per unit.

Edward Gosselin, chief executive officer and director of Kobo, commented: "We are very pleased with the closing of the first tranche of our upsized financing following the market's interest in recognizing the potential in developing our 100-per-cent-owned Kossou gold project. These funds allow us to push forward at a steady pace the ongoing drilling program initiated last week. And 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."

3L Capital and Integrity Capital Group acted as financial advisers in connection with the offering.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles its holder to acquire one common share at a price of 55 cents per share until Sept. 10, 2027.

The company intends to use the net proceeds of the offering to pursue its exploration initiatives initiated in H1 (first half) 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 continuing 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.

The units were issued pursuant to the accredited investor exemption from the prospectus requirements in accordance with National Instrument 45-106, Prospectus Exemptions. The securities issued under the first tranche of the offering are subject to a statutory hold period until Jan. 11, 2026, in accordance with applicable Canadian securities laws.

The company compensated certain finders by paying cash commissions equal to an aggregate amount of $145,176 and by issuing 483,920 broker warrants. Each broker warrant is exercisable until Sept. 10, 2027, at an exercise price 30 cents per share.

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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