Mr. Carl Esprey reports

WARABA GOLD APPOINTS CAPITAL MARKETS VETERAN ADAM CEGIELSKI TO BOARD OF DIRECTORS

Waraba Gold Ltd. has appointed Adam Cegielski as a director, effective immediately. The company believes that Mr. Cegielski's appointment further strengthens the board of the directors of the company as Waraba advances its West African exploration strategy and seeks to build a portfolio of high-value gold assets.

Mr. Cegielski is a seasoned capital markets executive with extensive experience in the mining and natural resources sector. He currently serves as chairman of Silver Viper Minerals Corp. and Orex Minerals Inc. Over the course of his career, Mr. Cegielski has been involved in raising hundreds of millions of dollars of growth capital for public and private companies, and has helped lead a number of significant transactions in the mining sector.

Mr. Cegielski was a founding director of Cayden Resources Inc., which was acquired by Agnico Eagle Mines Ltd. in a transaction valued at approximately $205-million. In 2020, he founded Gold Line Resources Ltd., a district-scale exploration company focused on northern Sweden. He also played a pivotal role in the strategic combination involving First Nordic Metals and the Mawson Finland assets, which resulted in the creation of Goldsky Resources Corp.

His appointment adds capital markets, corporate development and board-level experience to the board as Waraba evaluates opportunities in Ivory Coast, advances its growth strategy and considers future capital-raising initiatives.

"Waraba represents exactly the kind of opportunity I am drawn to: a focused team with a clear strategy in one of the world's most prospective gold regions. The company's disciplined approach to exploration and its presence in West Africa provide what I believe is a compelling platform for pursuing long-term value creation. I look forward to contributing to the next phase of Waraba's growth," said Mr. Cegielski.

"Adam's track record speaks for itself, with substantial equity capital raised, marquee M&A transactions and a deep, respected network across the mining capital markets. His appointment represents a significant addition to Waraba's board as we advance our asset base and pursue meaningful long-term value for shareholders," said Carl Esprey, executive chairman and a director of Waraba Gold.

Waraba's strategy is differentiated by its focus on prospective gold assets and its approach to identifying and advancing exploration opportunities. The company combines in-country geological leadership with international capital markets and exploration experience, and intends to apply disciplined technical methods to identify, test and advance exploration targets while managing risk and allocating capital.

"Strengthening our board with executives of Adam's calibre reflects the scale of our ambition. His capital markets expertise and strategic insight are expected to be valuable as we execute our exploration programs and pursue our growth strategy across West Africa," said Mamadou Coulibaly, chief executive officer and a director of Waraba Gold.

With its land positions, planned exploration activities and long-term portfolio strategy, Waraba seeks to provide investors with exposure to potential gold discoveries while pursuing the development of a portfolio of gold assets in West Africa.

In connection with his appointment, the company entered into a director services agreement with Mr. Cegielski pursuant to which he will be entitled to an annual retainer of $50,000, payable in deferred share units under the company's omnibus incentive plan and credited quarterly in arrears. The number of deferred share units credited in respect of each quarterly instalment will be determined in accordance with the director services agreement, and will be subject to the omnibus incentive plan, applicable securities laws and Canadian Securities Exchange requirements.

About Waraba Gold Ltd.

Waraba Gold is a gold exploration company focused on advancing high-potential projects in West Africa. The company is committed to disciplined exploration and seeks to build long-term value through the potential discovery and development of district-scale gold systems. Waraba Gold trades on the Canadian Securities Exchange under the symbol WBGD, on the OTC Pink Markets under the symbol WARAF and on the Frankfurt Stock Exchange under the trading symbol ZE00.

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