Mr. Andrew Chubb reports

AWALÉ COMPLETES DRILLING ON BBM SATELLITE TARGETS AT THE ODIENNÉ PROJECT

Awale Resources Ltd. has completed a 28-hole, 2,416-metre reverse circulation (RC) scout drill program targeting potential satellite mineralization along strike from the BBM discovery at the Odienne project in Ivory Coast. These targets represent new prospective zones for potential discoveries in close proximity to BBM, which have been drilled as part of a broader 18,000-metre drill campaign across multiple targets at the project.

Highlights

• 2,416 metres of RC drilling in 28 holes completed over the BBM satellite targets, with initial results expected in Q2 2025;
• The program comprising four scout drill lines consisting of approximately seven shallow RC holes over higher order geochemical anomalies within the BBM trend;
• Satellite targets hold potential for new discoveries within one to three kilometres from BBM;
• Awale also awaits results from drilling at the Charger, Empire, Fremen and Lando targets.

The BBM discovery and its potential satellite targets reported in this release lie along the same structural corridor spanning over 15 kilometres, extending from Awale's 100-per-cent-owned Fremen target in the southeast to the Lando target in the northwest. The satellite target program comprised four scout RC drill lines consisting of approximately seven shallow RC holes per line over higher order geochemical anomalies within the BBM trend. Each drill fence is targeting a potential satellite discovery within one to three kilometres of the BBM discovery zone. A recently completed induced polarization (IP) geophysics survey along the BBM trend helped refine the drill program by delineating structural targets coincident with the company's soil and termitaria anomalies. The RC drilling and IP surveys are a continuation of the previously announced five km IP survey at the Fremen target (see Feb. 11, 2025, news release). Assays from this program are expected in Q2 2025. The company also eagerly awaits results from drilling at the Charger, Empire, Fremen and Lando targets throughout the second quarter of 2025.

"Exploration is advancing rapidly at the Odienne project, where the company is close to completing a 18,000-metre diamond and RC drill program. The RC drill program commenced at the Fremen target and has since progressed onto the properties joint ventured with Newmont, where we have recently completed 28 holes over potential satellite targets in close proximity to the BBM discovery. Satellite discoveries near BBM represent potential incremental resources for the BBM zone. We look forward to releasing results from this program in Q2 2025. Since completion of this program, the rigs have mobilized to the Lando target, the last target from our 18,000 m program, where Awale will continue to apply its disciplined, systematic exploration approach as it works to unlock new discoveries and deliver long-term value for shareholders," commented Andrew Chubb, chief executive officer of Awale Resources.

About Awale Resources Ltd.

Awale is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently under way in the underexplored regions of Ivory Coast, where the company is exploring the Odienne copper-gold project, covering 2,489 square kilometres across seven permits. This includes 796 square km in two permits held under the Awale-Newmont joint venture (OJV). Awale manages all exploration activities over the OJV, with financing provided by Newmont Joint Ventures Ltd.

Awale has discovered four gold, gold-copper and gold-copper-silver-molybdenum mineralized systems within the OJV and has recently commenced exploration on its 100-per-cent-owned properties following an $11.5-million capital raise in April, 2024.

The Odienne project is underexplored and has multiple pipeline prospects with similar geochemical signatures to iron-oxide-copper-gold (IOCG) and intrusive-related mineral systems with substantial upside potential. The company benefits from a skilled and well-seasoned technical team that allows it to continue exploring in a pro-mining jurisdiction that offers significant potential for district-scale discoveries.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Andrew Chubb, the company's qualified person as defined by National Instrument 43-101. Mr. Chubb is the company's chief executive officer and holds an economic geology degree, is a member of the Australian Institute of Geoscientists (AIG), and is a member of the Society of Economic Geoscientists (SEG). Mr. Chubb has over 25 years of experience in international mineral exploration and mining project evaluation.

We seek Safe Harbor.