Toronto, Ontario, May 27, 2026 – Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (“Awalé” or the “Company”) is pleased to announce that it has received additional proceeds of approximately $1.1 million from the exercise of 5,499,166 common share purchase warrants of the Company (“Warrants”) at an exercise price of $0.20 per share. The Warrants were issued as part of the Company’s May 24, 2023 private placement financing, which included approximately 10.2 million warrants.