Mr. Edward Gosselin reports

KOBO RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Kobo Resources Inc. intends to complete a non-brokered private placement of 958,306 common shares at a price of 30 cents per common share for gross proceeds of $287,491.80. The common shares will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106 (Prospectus Exemptions) and will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

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

Closing of the offering is expected to occur on or about Feb. 3, 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 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 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-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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