Mr. Andrew Chubb reports

AWALE EXTENDS FREMEN TARGET FOOTPRINT BY 5 KM AND CONFIRMS NEW GOLD MINERALIZATION ON ITS 100%-OWNED GROUND

Awale Resources Ltd. has extended the Fremen target by five kilometres, based on results from termite mound sampling. In addition, gold assay results from recent scout drilling confirm mineralization along the same structural trend as the BBM discovery. The significant extension, along with positive drilling results, confirms a significant gold-mineralized trend stretching over 10 kilometres within Awale's 100-per-cent-owned ground from the BBM discovery.

Additional drilling on Fremen set to begin

Further scout drilling is planned for June, ahead of the seasonal rains. This program consists of a 1,200-metre reverse circulation (RC) scout drilling campaign to test the newly defined greater-than-five-kilometre gold-in-termitaria anomaly. Follow-up diamond drilling is scheduled for October, 2025. An aeromagnetic survey will also be completed in June, covering the three granted 100-per-cent-owned Awale permits: Sienso, Sama and Seydou. These activities, along with coming results from BBM satellite targets, Charger deep drilling and Lando, are expected to generate a steady stream of news flow from Awale.

"Fremen is the first of our 100-per-cent-owned targets in what is emerging as a new gold and copper district in Cote d'Ivoire. Located along strike from the BBM discovery, Awale has now extended the Fremen footprint to 10 kilometres with termite mound sampling. This demonstrates the potential of the Odienne project to deliver stand-alone discoveries within our 100-per-cent ground. This is further reinforced by Fortuna Mining's recent equity investment, which will fund the advancement of our 100-per-cent-owned properties as we aggressively expand exploration across the greater Odienne district. Given the scale of mineralization and ongoing discoveries, the project's centre of gravity may ultimately reside within our wholly owned ground," commented Andrew Chubb, chief executive officer of Awale Resources.

Background on termite mound programs and drilling

The 400-metre-by-50-metre termitaria sampling grid consisting of 1,404 samples covered the southern extension of the Fremen drill zone to the permit boundary. Results from this program have outlined a consistent, five-kilometre-long gold-in-termitaria anomaly, averaging above 14 parts per billion gold with a peak value of 119 parts per billion. The anomaly curves around an intrusive contact to the east in a structural setting similar to BBM. The scout RC drill program consisted of 2,230 metres across 24 holes at the 100-per-cent-owned Fremen target. Gold mineralization intercepted is associated with alteration and shearing similar to the BBM discovery and represents significant early-stage intercepts over broad intervals coincident with the interpreted extension of the structure that hosts the BBM discovery. Some selected intercepts from the Fremen target scout drilling include:

• 15 metres at 0.6 gram per tonne gold from 40 metres downhole in hole SSRC-20, including seven metres at 1.1 grams per tonne gold from 46 metres downhole;
• Eight metres at 0.5 gram per tonne gold from 100 metres downhole in hole SSRC-02;
• Eight metres at 0.7 gram per tonne gold from 78 metres downhole in hole SSRC-03.

Turaco option exercise

Following the successful renewal of the Sienso exploration permit (PR-840) for an additional three-year term -- and with all other conditions of the agreement now satisfied -- Awale has elected to exercise its exclusive option to acquire a 100-per-cent interest in the Sienso permit from Turaco Gold Ltd.

The Sienso permit represents an important part of the Odienne project area, which Awale is actively advancing through a district-scale exploration program targeting gold-copper mineral systems.

Pursuant to the agreement, Awale will issue 680,715 common shares to Turaco. These shares will be subject to a 12-month escrow from the date of issuance. Upon completion of the share issuance, Awale will hold a 100-per-cent interest in the Sienso permit, subject to an existing 2.5-per-cent net smelter return (NSR) royalty in favour of Resolute Mining Ltd.

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 2,346 square kilometres across seven permits -- five granted and two applications. This includes 797 square kilometres 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.

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.

Quality control and assurance

RC sampling was conducted on a metre-by-metre basis, with each metre weighed and riffle split to produce approximately three-kilogram subsamples for laboratory submission. Each sample was clearly labelled, and routine field duplicate samples were taken through a second riffle split of the original sample. Systematic certified reference material is also inserted in the sample stream as well as blank samples.

Termite mound geochemistry samples are taken from multiple (minimum three) 20-to-50-centimetre cores pierced into the mound. Routine duplicate samples are collected on site as well as insertion of reference materials and blanks.

Analytical work for all samples is being carried out at the independent ALS Laboratories in Ghana and Ireland, an ISO 17025-certified laboratory. Samples are prepared and stored at the company's field camps and put into sealed bags until collected by ALS from the company's secure Odienne office and transported by ALS to its preparation laboratory in Yamoussoukro, Ivory Coast, for preparation. Samples are logged in the tracking system, weighed, dried and pulverized to greater than 85 per cent, passing a 75-micron screen. Two pulps are prepared from each sample, with one stream to ALS Ghana for fire assay and a second to Ireland where the sample is analyzed by 52-element ICP/MS with a four-acid digest. Blanks, duplicates and certified reference material (standards) are being used to monitor laboratory performance during the analysis.

Mineralized interval calculations

Significant intervals reported in this news release are calculated as downhole length-weighted intercepts. For the Fremen target, initial mineralized zones are calculated at a 0.1-gram-per-tonne trigger and include up to three metres of internal waste for delineating mineralized zones. Included intervals are calculated at 0.2-gram-per-tonne-gold, 0.5-gram-per-tonne-gold and one-gram-per-tonne-gold trigger values, with up to three metres of internal waste. Table 1 contains a list of all Fremen holes reported in this release. True widths are unknown from this early-stage percussion RC drill program.

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 a degree in economic geology, 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.

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