Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT WITH DRILLING SERVICES PROVIDER

Kobo Resources Inc. has closed its previously announced non-brokered private placement of common shares for gross proceeds of $287,491.80. Pursuant to the offering, Rockstone Drilling Inc., a drilling services provider that has supported the company's exploration activities since 2023, has subscribed for 958,306 common shares at a price of 30 cents per common shares pursuant to an exemption from the prospectus requirements in accordance with National Instrument 45-106 -- Prospectus Exemptions. The common shares are subject to a statutory hold period until June 4, 2026.

Edward Gosselin, chief executive officer and director of Kobo Resources, commented: "We appreciate the continued support from Rockstone Drilling, who has been an important operational partner at Kossou since 2023. Their participation in this financing reflects alignment with our ongoing exploration programs and provides additional flexibility as we advance drilling activities in 2026."

The company intends to use the net proceeds of the offering for general corporate and working capital purposes.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Ivory Coast, one of West Africa's most prolific 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 29,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling and 7,100-plus metres 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-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. Kobo's common shares trade on the TSX Venture Exchange under the symbol KRI.

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