Mr. Andrew Chubb reports

AWALE ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND GRANT OF INCENTIVE STOCK OPTIONS AND RSUS

Each of the matters set out in Awale Resources Ltd.'s management information circular dated Aug. 8, 2025, was approved at the 2025 annual general meeting of shareholders held on Sept. 16, 2025.

Number of directors

The setting of the number of directors at five was approved. Results of the vote are detailed in an attached table.

Election of directors

Each of the five director nominees proposed by management in the circular was elected. The votes were cast as detailed in an attached table.

Appointment of auditor

Davidson & Company LLP was reappointed as the auditor of the company and the directors were authorized to fix its remuneration. Results of the vote are detailed in an attached table.

Annual approval -- restricted share unit plan

Shareholders approved, by an ordinary resolution of disinterested shareholders, the company's restricted share unit (RSU) plan, as more particularly described in the company's information circular dated Aug. 8, 2025. Results of the vote are detailed in an attached table.

Annual approval -- stock option plan

Shareholders approved, by an ordinary resolution of disinterested shareholders, the company's 10-per-cent rolling stock option plan, as more particularly described in the company's information circular dated Aug. 8, 2025. Results of the vote are detailed in an attached table.

Grant of incentive stock options and RSUs

The company wishes to also announce that it has granted an aggregate of 3.33 million incentive stock options and 305,000 RSUs to certain directors, officers and employees of the company. The options are exercisable at a price of 54 cents per share (based on the closing price on Sept. 16, 2025) and will expire three years from the date of their issuance. The options will vest one-third immediately and one-third annually thereafter. The RSUs will vest in full upon the delivery of a two million ounces of gold equivalent resource and will expire, if unvested, two years from the date of issuance. An aggregate 2,555,000 incentives have been granted to insiders.

Following the award of options and RSUs, the company will have an aggregate of 10,301,667 incentives issued, representing 9.98 per cent of the issued and outstanding share capital.

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 (km) across seven permits -- five granted and two applications. This includes 797 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.

The Odienne project is underexplored and has multiple pipeline prospects with similar geochemical signatures to IOCG (iron oxide, copper and gold) 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.

We seek Safe Harbor.