Toronto, Ontario, August 6, 2026 – Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (“Awalé” or the “Company”) is pleased to announce that it has closed the second and final tranche (the “Final Tranche”) of its non-brokered private placement previously announced on July 14, 2026 and July 28, 2026 (the “Offering”) through the subscription by Newmont Ventures Limited, a wholly-owned subsidiary of Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) (“Newmont”), pursuant to an investment agreement entered into between Newmont and the Company dated as of today’s date (the “Investment Agreement”) and in accordance with the exercise of its pre-existing participation rights. The closing of the Final Tranche (the “Closing”) completes the Company’s strategic financing with Predictive Discovery Limited (“PDI”), Fortuna Mining Corp. (“Fortuna”) and Newmont pursuant to the Offering, for aggregate gross proceeds of approximately $20.7 million. Proceeds from the Offering, including the Final Tranche, will be primarily used to advance exploration activities across the Company’s 100%-owned properties at the Odienné Project in Côte d’Ivoire.