VANCOUVER, BC , May 3, 2023 /CNW/ - Awalé Resources Limited (TSXV: ARIC) (" Awalé " or the " Company "), announced today that it has been issued a Management Cease Trade Order (" MCTO ") by the British Columbia Securities Commission (" BCSC" ). The MCTO was issued following a request by Awalé as it became aware that the Company may not meet the deadline of May 1, 2023 to file its Audited Annual Financial Statements and Management Discussion & Analysis for the financial years ended December 31, 2022 and 2021 and the CEO and CFO certificates, all as required by National Instrument 51-102 - Continuous Disclosure Obligations and National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the " Annual Filings ").

VANCOUVER, BC , April 25, 2023 /CNW/ - Awalé Resources Limited (TSXV: ARIC) (" Awalé " or the " Company "), a junior mineral exploration company focused on gold-copper exploration in Côte d'Ivoire, is pleased to announce the signing of a binding term sheet (the " Term Sheet ") with Orefinders Resources Inc. (" Orefinders "), on April 24, 2023. The Term Sheet outlines the key terms and conditions for a proposed transaction between the two companies (the " Transaction ").

VANCOUVER, BC , April 4, 2023 /CNW/ - Awalé Resources Limited (" Awalé " or the " Company ") (TSXV: ARIC) following the recent announcement Awalé wishes to announce that it has received approval from the TSXV for an extension to April 14 th for closing its brokered private placement of units as announced on January 30 , 2023.  The placement was originally priced at $0.155 per Unit, this has been reduced to $0.15 per Unit.

VANCOUVER, BC , March 29, 2023 /CNW/ - Awalé Resources Limited (" A walé " or the " Company ") (TSXV: ARIC) is pleased to provide the following assay results for scout drilling completed at the Charger and Sceptre East targets at its Odienné Project in Côte d'Ivoire (Figure 1). A total of nine holes for 1,292.2m were completed over initial geophysical and geochemical targets (see Company News Release dated January 17, 2023 ), with seven holes having intersected significant alteration and sulfide mineralization.

VANCOUVER, BC , Jan. 30, 2023 /CNW/ - Awalé Resources Limited (" Awalé " or the " Company ") (TSXV: ARIC) – is pleased to announce that it has entered into an agreement with Beacon Securities Limited (" Beacon " or the " Agent "), as sole agent in connection with a best efforts private placement of up to 9,678,000 units of the Company (the " Units ") at a price of $0 .155 per Unit (the " Issue Price ") for aggregate gross proceeds to the Company of up to $1,500 ,090 (the " Offering "). Each Unit shall consist of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will be exercisable to acquire one Common Share (a " Warrant Share ") for a period of 36 months following the closing of the Offering at a price of $0.25 per Warrant Share.

VANCOUVER, BC , Jan. 30, 2023 /CNW/ - Awalé Resources Limited  (" Awalé " or the " Company ") (TSXV: ARIC) announces that the Company and Colossal Gold Resources Limited (" Colossal ") have mutually agreed to terminate the letter agreement dated September 12, 2022 , as amended (the " Agreement ") (refer to the Company's news releases of September 13 , October 11, November 8 , December 1 and December 20, 2022 for further details of the Agreement).

VANCOUVER, BC , Jan. 17, 2023 /CNW/ - Awalé Resources Limited (" A walé " or the " Company ") (TSXV: ARIC) is pleased to provide the following update on the recently-completed scout drilling at the Sceptre East and Charger Targets, Odienné Project, Côte d'Ivoire (Figure 1). A total of nine holes for 1,292.2m were completed over initial geophysical and geochemical targets (see Company News Release dated December 20, 2022 ), with seven holes having intersected significant alteration and sulfide mineralization. Assays are pending.

Awalé Resources Limited is finalizing a CAD$2 million financing for its acquisition of Colossal Gold Resources, with completion expected by January 31, 2023. The company also completed initial scout drilling at its Odienné JV project in Côte D'Ivoire, with results anticipated by late January and February 2023, respectively.

VANCOUVER, BC , Dec. 15, 2022 /CNW/ - Awalé Resources Limited (" Awalé ") or the " Company ") (TSXV: ARIC) is pleased to announce the Company has filed a technical report (the " Report ") regarding the Northwest Goliath Project in Suriname. This prospective gold project, along trend from the Rosebel Mine in Suriname, forms part of the acquisition of Colossal Gold Resources Limited (" Colossal ") by Awalé (the " Acquisition ") pursuant to a letter agreement dated September 12, 2022 between Awalé, Colossal and the shareholders of Colossal. 

VANCOUVER, BC , Dec. 1, 2022 /CNW/ - Awalé Resources Limited (" Awalé " or the " Company ") (TSXV: ARIC) is pleased to provide a further update on its acquisition (the " Acquisition ") of Colossal Gold Resources Limited (" Colossal ") (refer to the Company's news releases of September 13 , October 11 and November 8, 2022 , for further details). Colossal holds, through its wholly-owned Surinamese subsidiary, Consolidated Gold Resources N.V., a 100% interest in certain existing mineral exploration and exploitation licences in Suriname.