HIGHLIGHTS

• Awalé is concentrating exploration efforts on its 100%-owned permits, which represent two-thirds of Odienné’s 2,346 km² land package.
• Backed by a C$15 million treasury, Awalé is funded to advance a robust pipeline of greenfield exploration.
• Two drill campaigns completed at the Fremen target with new results expected in August 2025.
• Proven discovery track record and systematic methods being applied across highly prospective and underexplored ground.

Andrew Chubb, CEO of Awalé Resources commented;

 

“We are aggressively advancing exploration across three of our five 100%-owned permits, located directly along trend from our BBM, Charger, and Empire discoveries.

 

“Backed by a strengthened treasury following Fortuna Mining’s recent strategic investment, we are executing a systematic and well-funded greenfield program over some of the most prospective and underexplored ground in Côte d’Ivoire.

 

“The discoveries we’ve already made highlight the capability of our technical team, and we are now applying these proven methods to unlock the next wave of discoveries across our 100%-owned portfolio.

 

“The current exploration program is designed to develop a rapid pipeline of new drill targets in addition to Fremen, where results from a recently completed scout RC drilling are expected soon.”

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HIGHLIGHTS

• 45m @ 1.6 grams per tonne (“g/t”) gold equivalent (“AuEq.”) from 220m in OEDD-131,
  • including 4m @ 2.6 g/t Au, 0.55% Cu, and 449ppm Mo from 241m.
• 37m @ 0.8 g/t AuEq. from 159m downhole in OEDD-133.
• BBM has now confirmed consistent mineralization over 1km down to a depth of 300m below surface, with average true widths¹ ranging from 30m in the core zone to 22m over the entire 1km drilled strike.
• Several holes below 300m depth show mineralization is open down plunge.
• All assays from the 22-hole, 6,380m, diamond drill program at BBM are now reported.

Andrew Chubb, CEO of Awalé Resources commented,

“With all results from the 22-hole diamond drill program at BBM now in hand, we are pleased to confirm a broad, consistent gold-copper mineralized system extending over a 1-kilometre strike to 300 metres below surface.

 

“Within this, we’ve defined a moderately plunging, higher-grade core — 300 metres wide which remains open down plunge, with significant potential for satellite targets within 2 to 3 kilometres of the now well-defined BBM discovery zone.

 

“We await the results from a scout reverse circulation drill program testing these additional satellite targets along strike.

 

As part of the broader 18,000m company-wide drill campaign, BBM is one of several key targets under active evaluation.

 

“With approximately two-thirds of results still pending, Awalé expects a consistent stream of news flow as it works to unlock the camp-scale potential of the Odienné Project.” 

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Toronto, Ontario, March 13, 2025 — Awalé Resources Limited (TSXV: ARIC)(“Awalé” or the “Company”) is pleased to provide an update on exploration activities at the Charger target within the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire.

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Andrew Chubb, CEO of Awalé Resources commented:

“Charger has already delivered some of the highest-grade gold intercepts in West Africa, and we believe we are only beginning to unlock its full potential.

 

“With the current drill program well underway, we are systematically testing Charger’s northeast trending corridor to confirm continuity and volume potential.

 

“Drilling to date has consistently intersected the breccia target, warranting an extension of the initial program based on these encouraging observations.

 

“This phase of drilling will play a critical role in our broader strategy to define a district-scale gold system at Odienné.”

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Vancouver, British Columbia, January 29, 2025 — Awalé Resources Limited (TSX.V: ARIC)(“Awalé” or the “Company”) is pleased to report results from the first two diamond drill holes completed as part of an expanded drill campaign targeting the BBM zone at the Odienné Project in Côte d’Ivoire.

The drill program, which began in November 2024, is ongoing, with five holes remaining in the extended campaign. These initial holes were drilled within the previously reported central mineralized zone, where the Company is tightening drill spacing to a 100m grid (refer to drill plan and sections).

“We are excited to report additional excellent results from the BBM target, confirming the robust nature of mineralization at BBM.

 

“We are seeing a remarkable consistency in width and grade in this drilling, consistent with those previously reported in the core zone at BBM. These results underscore the potential of this zone.

 

We are also pleased to announce that the expanded step-out diamond drilling is near completion at BBM. This drilling is focused on expanding the 600m core zone along strike to the southeast and northwest where we believe there is potential to expand the size of BBM.

 

“The success of this program has led to an extension beyond the initial 3000m plan, with over 5400m now completed in 19 holes, with 4 holes to be drilled.

 

“The deployment of two diamond drill rigs has enabled us to not only advance BBM but also commence drilling at the Charger target.

 

“We are also bringing the Empire target back into the exploration pipeline as part of this program. In addition to these diamond drilling advancements, we are actively progressing with the IP geophysics program, with RC drilling set to commence in the coming weeks.

 

“This increased level of activity is expected to deliver a steady stream of results to the market throughout this quarter and beyond,”