Toronto, Ontario, June 25, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report assay results from the latest four diamond drill holes on the Company’s Charger discovery, part of the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire. The four step-back holes drilled 70 metres (“m”) below previously reported high-grade intercepts confirm the extension of the mineralized system and reinforce the depth potential at Charger. Additional drilling at Charger is now underway to test the down-plunge extent of the open mineralized system to 600 metres depth.

Toronto, Ontario, June 16, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report a 5-kilometre (“km”) extension of the Fremen target, based on results from termite mound sampling. In addition, gold assay results from recent scout drilling confirms mineralization along the same structural trend as the BBM discovery. The significant extension, along with positive drilling results, confirms a significant gold-mineralized trend stretching over 10 kilometres within Awalé’s 100%-owned ground, from the BBM discovery.

Toronto, Ontario, June 11, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement with Fortuna Mining Corp. (TSX: FVI; NYSE: FSM) (“Fortuna”), pursuant to a subscription agreement (the “Agreement”) between the parties. Under the terms of the Agreement, Fortuna purchased 15,037,593 common shares of the Company (the “Shares”) at a price of US$0.399 (C$0.55) per Share, for gross proceeds of US$6,000,000 (C$8,264,999) (the “Offering”).

Toronto, Ontario, May 29, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce an C$8.26 million (representing the Canadian Dollar equivalent of US$6 million based on the Bank of Canada’s daily exchange rate on May 27, 2025) strategic investment in Awalé by Fortuna Mining Corp. (TSX:FVI; NYSE:FSM) (“Fortuna”) on a non-brokered private placement basis (the “Offering”). Proceeds from the Offering will be primarily used to advance exploration activities across the Company’s 100%-owned properties at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.

Toronto, Ontario, May 12, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report assay results from 1,168m of diamond drilling in six holes at the high-grade Empire target, Odienné Project (“Odienné” or the “Project”) in Côte d'Ivoire. Empire had not been drilled since 2020, and Awalé was excited to return to this highly prospective target, located just 2.5 kilometres from the Charger discovery. These two nearby zones are part of four discoveries made to date at the Project, underscoring its district-scale potential.

Toronto, Canada, April 29, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is delighted to announce that it has been granted exploration permits for the 100%-owned PR-991 (“Sama”) and PR-992 (“Seydou”) properties, that are part of the district-scale Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire (Figure 1). The Sama (PR-991) and Seydou (PR-992) permits were formally approved during a ministerial meeting held on April 23, 2025, and publicly announced via national television and radio broadcasts on the 24th of April. The receipt of the presidential decree is expected in the ensuing week and will mark the completion of the permitting process. The permits cover a combined area of 686.55 square kilometres and are renewable over a 10-year period.

Toronto, Ontario, April 17, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire. Highlights include 26m of 12 grams per tonne(“g/t”) gold (“Au”) in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.

Toronto, Ontario, April 8, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report results from the last six diamond drill holes completed as part of the drill campaign targeting the BBM discovery at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire. The drill program began in November 2024 and is complete with a total of 6,380m drilled.

Toronto, Ontario, April 2, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce the completion of a 28-hole, 2,416-metre reverse circulation (“RC”) scout drill program targeting potential satellite mineralization along strike from the BBM discovery at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire. These targets represent new prospective zones for potential discoveries in close proximity to BBM, which have been drilled as part of a broader 18,000m drill campaign across multiple targets at the Project.

Toronto, Ontario, March 20, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to announce that it has commenced a 2,600m drill program across 25 holes at the Lando target, a significant 4km-long copper-gold-molybdenum anomaly within the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire. Lando represents an opportunity for a potential new discovery at the Project, where the Company is undertaking an aggressive 18,000m drill program this quarter across multiple targets.