HIGHLIGHTS: Charger New Discovery Zone

Charger 2 discovered: Shallow, high-grade gold zone 200m southwest of Charger 1.

Same geology and mineralization style as the Charger discovery.

New high-grade intercepts at Charger 2:

16.3 g/t Au over 1m within 2.6 g/t Au over 10m (100m downhole, OEDD-158)

12.2 g/t Au over 1m within 2.2 g/t Au over 10m (208m downhole, OEDD-156)

12.1 g/t Au over 1m within 4.8 g/t Au over 4m (75m downhole, OEDD-159)

Discovered using the same vectoring approach that expanded Charger 1 to 600m down plunge, where mineralization remains open.

Demagnetized targets validated: Charger 1 and Charger 2 demagnetized anomalies, with three additional untested demagnetized zones remaining, support strong potential for additional Charger-style mineralization.

Charger 1 drilling ongoing with further results expected in coming weeks.

Nine rigs active across the Odienné Project’s 100,000m program.

Toronto, Ontario, January 15, 2026 – Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (“Awalé” or the “Company”) is pleased to announce results from step-out drilling at the Charger target confirming the presence of a newly discovered zone potentially extending the system approximately 200 metres along strike (see Figures 2 and 3). These results are the first reported from the recently commenced 100,000-metre drill program at the Odienné Project (“Odienné” or the “Project”) in Côte d’Ivoire (see November 21, 2025 news release).


“This is exactly what we have been looking for around Charger, and it is exactly how we made the original Charger discovery. We started with shallow high-grade hits, worked out the geometry and structural controls, and have now drilled Charger to more than 600 metres down-plunge, where it remains open. The discovery of this new high-grade gold zone gives us confidence that additional Charger-style mineralization exists across the broader Charger intrusion and may not be limited to Charger 1. With five demagnetized zones identified at Charger, this result validates our systematic targeting approach and our ability to consistently vector into mineralization. With nine drill rigs turning as part of our 100,000-metre program, this confirmation gives us real confidence and optimism as we move into 2026,” said Andrew Chubb, Awalé’s CEO.


Charger Step-Out Drilling – Second Demagnetized Zone


Diamond drill holes OEDD-156, OEDD-158, and OEDD-159 successfully intercepted a second mineralized zone, located 200 metres southwest of the Charger discovery (see Drill Plan and Long Section in Figures 2 and 3, respectively), which includes the initial ‘discovery hole’ in March 2024, OEDD-83 with 57m @ 26 g/t Au (see March 25, 2024 news release).


This phase of drilling was part of a seven-hole step-out diamond program targeting a second demagnetized (‘demag’) zone outside of the previously drilled area. Mineralization intersected in OEDD-156 and OEDD-158 displays Charger-style alteration and similar geology to early shallow reverse circulation (RC) drilling at Charger, including OERC-131 (18m @ 0.5 g/t Au from 31m) and OERC-132 (32m @ 3 g/t Au from 74m) (see March 29, 2023 news release).


Key Takeaways


The similarity in mineralization and alteration style to the shallow mineralization above the high-grade Charger shoot gives confidence that there is potential for a second shoot of similar tenor.

Intercepting shallow mineralization at three points gives confidence to target down-plunge potential.

Proof of concept, with three more demag zones yet to be drill tested.

Table 1: Significant Intercepts from Diamond Drilling - (from this release)

Table 2: Charger Drill Collar Details - (all collars from this program)