Ms. Aurelien Bonneviot reports

ROBEX RESOURCES INC. ANNOUNCES POSITIVE DRILLING RESULTS AT MANSOUNIA EXTENDING STRIKE TO 5KM

Robex Resources Inc. has completed the first phase of mineral resource delineation drilling at the Mansounia Central deposit. The Mansounia Central deposit is approximately three kilometres km south of the new Kiniero processing plant at the Kiniero project in Guinea, West Africa.

Highlighted intercepts include:

• MRC23-038: 16 metres at 8.06 grams per tonne (g/t) gold (Au) from 27 m;
• MRC23-091: 10 m at 4.91 g/t Au from 52 m;
• MRC23-080: 25 m at 3.61 g/t Au from 18 m;
• MRC23-113: 12 m at 2.89 g/t Au from 10 m;
• MRC23-033: 13 m at 2.21 g/t Au from 46 m.

Robex completed an extensive 147 drill hole deposit delineation drilling program in September, 2023, at Mansounia Central following the completion of an extensive bulk leach extractable gold (BLEG) in soil geochemistry campaign across the Mansounia licence area. The BLEG geochemical signature confirmed that the Mansounia Central and Mansounia South deposits represent major exploration targets within the much larger shear-mineralized Sabali-Mansounia corridor. This corridor hosts the neighbouring Sabali South deposit (announced May 24, 2022) drilled out by Robex and now forms an integral part of the Kiniero project restart.

Robex's 2023 exploration drilling program at Mansounia Central was further designed to verify the reliability of the historic drill holes. The Mansounia Central deposit had been historically drilled RAB scout drilling, 2003 to 2005, and RC and DD drilling, 2005 to 2012. Robex's initial reconnaissance drilling in 2022 yielded significant near-surface gold intersects and verified the historic drilling (announced Nov. 28, 2022).

The campaign commenced in April, 2023, and finished in September, 2023, with 147 drill holes totalling 23,310 m completed using RC drilling techniques primarily on a 100 m by 50 m drilling grid, complemented by additional reconnaissance drilling. Results have been highly encouraging, confirming the extensive presence of a well-developed upper supergene low-grade gold deposit, typically within the upper 30 m to 50 m, as observed from the reconnaissance drilling.

Results returned from delineation RC drilling campaign at the Mansounia Central deposit have further confirmed the following:

• The accuracy and reliability of the historical data;
• The relationship between the BLEG gold-in-soil and the airborne magnetics, intrusives, the inferred alteration footprint and the underlying confirmed structures;
• A wide, deep and continuous low-grade supergene gold mineralization deposit across the Sabali-Mansounia corridor;
• The Mansounia Central deposits represent a strategic near-plant (approximately 3.5 km), near-surface oxide and fresh rock target for infill drilling to convert to mineral reserves for consideration in the mining schedule of the Kiniero gold mine; and
• Mansounia Central remains open along strike south into Mansounia South and north toward Sabali South, where it is evident that the two deposits could become a single drilled-out domain to form a single larger open pit.

Infill drilling is expected to commence at Mansounia Central in early 2024 to update the mineral resource estimate. The planned drilling will also include reconnaissance strike extension drilling to the south, into the Mansounia South deposit. With the addition of Mansounia, the total strike extension is approximately five km from Sabali North to Mansounia Central. This is a significant opportunity to add economic near-surface oxide ounces to the project.

Aurelien Bonneviot, president and chief executive officer, said: "We are pleased to see Mansounia drill delivering positive results. We are refining the interpretation of the DFS [definitive feasibility study] done by previous owners in 2004 and, with more drilling in Q4 2023 and Q1 2024, we will be able to improve our modelling, for which Robex intends to prepare an updated mineral resources report in Q1 2024. These encouraging results will allow us to increase the oxide ratio into the plant and therefore increase the plant throughput, as highlighted in our DFS."

Qualified person

The technical disclosures contained in this press release have been reviewed and approved by Dan Tucker, BSc, CEng, FAusIMM (CP geo), a qualified person pursuant to National Instrument 43-101. Mr. Tucker is the chief mining engineer of Robex and, as such, is not independent within the meaning of NI 43-101.

About Robex Resources Inc.

Robex is a multijurisdictional West African gold production and development company with near-term exploration potential. The company is dedicated to safe, diverse and responsible operations in the countries in which it operates, with a goal to foster sustainable growth. The company has been operating the Nampala mine in Mali since 2017 and is advancing the Kiniero gold project in Guinea.

Robex is supported by two strategic shareholders and has the ambition to become A-tier gold producers in West Africa.

We seek Safe Harbor.