Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $5.5 MILLION TO ADVANCE KOSSOU AND REGIONAL GROWTH

Kobo Resources Inc. intends to complete a non-brokered private placement of up to 16,504,128 common shares of the company at a price of 33.5 cents per common share for gross proceeds of up to $5,528,882.89. The common shares will be issued pursuant to exemptions from the prospectus requirements in accordance with Regulation 45-106, Prospectus Exemptions. The common shares 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: "Closing of this financing will allow us to continue advancing the Kossou gold project through ongoing drilling as we work toward a maiden resource estimate. At the same time, we are preparing to begin drilling at Kotobi, where we have already identified several priority gold targets supporting additional growth prospects. Beyond these projects, the company also remains focused on building a pipeline of growth opportunities in Cote d'Ivoire through disciplined exploration and evaluation of additional ground. Our objective is to continue expanding the scale of our mineralized systems with a clear path toward resource definition, all while evaluating accretive gold opportunities in-country."

The company intends to use the net proceeds of the offering to advance continuing drilling and exploration at the Kossou gold project, too initiate drilling at the Kotobi permit, and for general corporate and working capital purposes.

The company plans to continue drilling at Kossou as it advances toward establishing an inaugural mineral resource estimate for the project, currently targeted for mid-2026. With approximately 41,000 metres of drilling completed across 215 holes at the Jagger and Road Cut zones to date, along with metallurgical samples collected for analysis, the company continues to build the technical foundation required to support greater resource definition. Continuing exploration across additional targets, including the Kadie zone, Jagger South zone, the western Kossou permit area and the Contact zone fault, may further contribute to the scale of the mineralized system as drilling progresses.

Proceeds of the offering are also expected to enable the company to initiate its first phase of diamond drilling at the Kotobi permit, where previous exploration has defined four large gold-in-soil anomalies across a structurally prospective corridor. Follow-up work, including trenching and target refinement, has established a pipeline of drill-ready targets, with an initial drill program planned for the second quarter of 2026. In addition, the financing provides flexibility to continue advancing the company's broader exploration portfolio in Ivory Coast, including work under the Nesdave earn-in agreements and continuing evaluation of the Yakasse project, where permitting is in progress. The company also continues to assess additional prospective opportunities and strategic partnerships within Ivory Coast as part of its disciplined approach to building a scalable in-country gold platform.

Closing of the offering is expected to occur on or about March 31, 2026, 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 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 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 35,000 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. 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 mineral 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.