Mr. Andrew Chubb reports

AWALE FILES NI 43-101 TECHNICAL REPORT FOR THE ODIENNE PROJECT MINERAL RESOURCE ESTIMATE

Awale Resources Ltd. has filed the National Instrument 43-101 technical report supporting the initial mineral resource estimate (MRE) for the Odienne project in Ivory Coast, originally announced on May 19, 2026.

Highlights:

• 32.4 million tonnes grading 1.64 grams per tonne gold equivalent for 1,707,000 ounces AuEq inferred from combined open-pit and underground resources, including 1,389,000 ounces gold and 93,000 tonnes copper;
• Foundation resource for the company with strong potential for growth;
• BBM forms the cornerstone deposit with combined open-pit and underground resources of 27.8 million tonnes at 1.52 g/t AuEq for 1.36 million ounces AuEq;
• Charger defines a high-grade underground resource of 1.6 million tonnes at 4.64 g/t AuEq for 232,000 ounces AuEq;
• Empire contributes a near-surface open-pit resource of 3.0 million tonnes at 1.23 g/t gold for 119,000 ounces gold.

The report is titled "Technical Report - Odienne Gold Project, Cote d'Ivoire - Report for NI 43-101." The report was prepared by Galen White, BSc (honours), FAusIMM, FGS, and Dr. Andrew Bamber, PhD, PEng, of Bara Consulting (U.K.) Ltd. and Dr. Neal Reynolds, PhD, FAusIMM, MAIG, of RynnGeo Consulting Pty. Ltd. The report has an effective date of April 1, 2026, and a report date of July 3, 2026, and has been prepared in accordance with NI 43-101, Standards of Disclosure for Mineral Projects, and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards for mineral resources and mineral reserves.

The report is available for review on both SEDAR+ and the company's website. The filing of the report does not result in any material changes to the MRE previously disclosed by the company.

"Our initial mineral resource provides a strong foundation for the Odienne project and is only the beginning. The project remains at a relatively early stage of exploration and evaluation, with significant potential for additional discoveries and continued mineral resource growth through further drilling. With mineralization remaining open at all deposits and numerous prospective targets yet to be tested across both the joint venture and our 100-per-cent-owned properties, we believe the greatest opportunity lies in unlocking the full potential of the Odienne district," stated Andrew Chubb, president and chief executive officer of Awale Resources.

About Awale Resources Ltd.

Awale Resources is a diligent and systematic mineral exploration company focused on discovering large-scale gold and gold-copper deposits in Ivory Coast. The company's flagship Odienne project now hosts an initial inferred mineral resource estimate of 1.71 million ounces gold equivalent across the BBM, Charger and Empire deposits (32.4 million tonnes at 1.33 grams per tonne gold and 0.33 per cent copper), providing a strong foundation for continuing growth and future economic studies.

The Odienne project covers 2,346 square kilometres across seven permits, including 797 square kilometres held under the Awale-Newmont joint venture. Awale manages exploration activities across the joint venture area, with financing currently provided by Newmont Ventures Ltd. under the exploration agreement signed in May, 2022.

In addition to the current resource base defined on the joint venture ground, Awale controls a substantial 100-per-cent-owned land position across the broader Odienne district, where multiple untested and early-stage targets provide additional potential discovery upside. Across the project, Awale has identified multiple gold and copper-gold systems and continues to build a pipeline of targets with potential to support further discoveries and resource growth.

With a skilled and experienced technical team, Awale is advancing exploration in an underexplored and pro-mining jurisdiction with clear potential for district-scale discoveries.

Quality assurance and quality control

Analytical work for drill samples used for this mineral resource estimate was carried out at both the following independent laboratories: Intertek Laboratories in Ghana and Australia and ALS Laboratories in Ghana, Ireland and Canada, both ISO-certified laboratories. Samples were prepared and stored at the company's field camp in Odienne and put into sealed bags until collected by either ALS or Intertek from the company's secure Odienne field office and transported to their respective preparation laboratories in Yamoussoukro, Ivory Coast, for preparation. Samples are logged in their tracking systems, 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 the fire assay laboratory Ghana and a second to Australia, Canada or Ireland, where the sample is analyzed by 52-element ICP/MS with a four-acid digest, with some earlier ICP samples analyzed using an aqua regia digest rather than four-acid digest. A continuing QA/QC program, incorporating blanks, duplicates and certified reference material (standards), is being used to monitor laboratory performance during the analysis. Where visible gold is observed in drill core, a quartz wash is applied between every sample to reduce or eliminate any contamination. Once fire assay results are received, samples over five grams per tonne gold are routinely screen fire assayed, samples lower than five grams per tonne gold continued within a high-grade interval are also screen fire assayed.

Qualified person

The technical and scientific information contained in this news release has been reviewed and approved for release by Mr. Chubb, the company's qualified person as defined by NI 43-101. Mr. Chubb is the company's chief executive officer, 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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