Mr. Edouard Gosselin reports

KOBO RESOURCES ANNOUNCES RESULTS OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Kobo Resources Inc. has released the voting results of its annual and special meeting of shareholders held in person in Quebec City, Que., on Thursday, Aug. 20, 2026, and an amendment to its long-term incentive plan.

Election of directors

Each of the director nominees listed in the company's management information circular dated July 22, 2026, being Edouard Gosselin, Paul Sarjeant, Frank Ricciuti, Patrick Gagnon, Jeff Hussey, Brian Scott and Vivek Dharni, was elected as director of the company.

Appointment of auditor

MNP LLP, chartered professional accountants, was appointed as independent auditor of the company for the ensuing year.

Long-term incentive plan

At the meeting, the shareholders of the company approved an amendment to the plan to increase the maximum number of common shares of the company that may be issued pursuant to the exercise of options under the plan from a fixed maximum of 7,308,193 shares to a rolling maximum equal to 10 per cent of the issued and outstanding shares on the date of any grant, representing approximately 13,532,586 shares as of the date hereof, subject to receipt of approval of the TSX Venture Exchange. A description of the main terms of the plan can be found in the circular available on the company's issuer profile on SEDAR+. The implementation of the amendment to the plan remains subject to final approval from the TSX-V.

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 43,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling and 7,200-plus metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou's 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-V under the symbol KRI and on the Frankfurt Stock Exchange under the symbol Q1Z.

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