Mr. Iyad Jarbou reports

AKWAABA MINING ANNOUNCES LOAN AGREEMENTS WITH ALLAN GREEN

Akwaaba Mining Ltd. has entered into loan agreements with Allan Green, a director of the company, and Candel & Partners SAS, a private company beneficially owned by Mr. Green.

The company entered into a loan agreement with the lender dated Nov. 24, 2025, in the principal amount of $200,000. The first loan will be unsecured and bear interest at the rate of 8 per cent per annum. The principal amount of the first loan will mature on Nov. 24, 2027.

The company entered into a separate loan agreement with the lender dated Jan. 15, 2026, in the principal amount of $346,750 to the company. The second loan will be unsecured and bear interest at the rate of 8 per cent per annum. The principal amount of the second loan will mature on Jan. 15, 2028.

The company is not issuing any securities, or paying any bonus, commission or finders' fees in respect of the first loan or the second loan. The first loan and the second loan are each repayable at any time before maturity without penalty. The proceeds from the first loan and the second loan will be used to maintain the company's existing operations and general working capital requirements.

The first loan and the second loan will each constitute related-party transactions under Multilateral Instrument 61-101 (Protection of Minority Holders in Special Transactions), which has been adopted by the TSX Venture Exchange as Policy 5.9, because Mr. Green is a director of the company.

The company has determined that it is exempt from the minority approval and formal valuation requirements under MI 61-101 in respect of the first loan and the second loan, relying on the exemptions found in sections 5.5(1)(a) and (b) and 5.7(1)(a) of MI 61-101. The principal amount of each of the first loan and the second loan respectively represents less than 25 per cent of the company's market capitalization as of Jan. 21, 2026.

All the disinterested directors of the company, being all of the directors other than Mr. Green, approved the loan.

We seek Safe Harbor.