HIGHLIGHTS

52m @ 16.4 g/t gold from 256m downhole in hole OEDD-148, including 11m @ 70.3 g/t gold from 279m

33m @ 5.2 g/t gold from 276m downhole in hole OEDD-146, including 16m @ 6.8 g/t gold from 280m

10m @ 12 g/t gold from 273m downhole in hole OEDD-145, including 7m @ 16.7 g/t gold from 275m

Charger’s high-grade gold system continues to expand, with these results extending mineralization 70 metres deeper

Improved understanding of structural and mineralization controls guiding ongoing success

Additional drilling now underway to test the down-plunge potential to 600 metres depth

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.


“We are delighted with the latest results from drilling at the Charger target,” commented Andrew Chubb, CEO of Awalé Resources. “Charger continues to deliver some of the best gold drill results in West Africa, and now with a robust model, we see potential for the high-grade to continue at depth. In addition to a sound understanding of the geometry of the mineralization, we are now intercepting parallel zones that we believe can be linked together with further drilling. This, combined with the emergence of untested geophysical targets, highlights the significant upside potential at Charger beyond the current drilling zone. We have initiated the next phase of drilling designed to test the down-plunge continuity of this open high-grade gold system down to 600 metres below surface.”

Link to Core Photos from hole OEDD-148


Background on the Charger Discovery


Charger is a high-grade breccia target hosted within a monzodiorite intrusion. The mineralization is controlled by a steeply dipping, northeast-trending structure with internal, wider, and higher-grade shoots that have a sub-horizontal plunge, likely controlled by folding. True widths range from 5 to 40 metres, with the wider zones coinciding with the shallow-plunging, fold-controlled shoots.


The higher-grade zones within the breccia are dominated by hydraulic breccia with quartz-fill and visible gold. Lower grades are generally found in a clinopyroxene matrix breccia, with isolated zones of higher-grade free gold mineralization. Charger drilling has consistently returned very high-grade intercepts, including:

57m @ 26 g/t Au from 164m downhole, including 32m @ 45.7 g/t Au from 165 in OEDD-83

29m @ 20 g/t Au from 149m downhole, including 8m @ 39.5 g/t Au from 149m in OEDD-88

59m @ 14.7 g/t Au from 140 downhole in OEDD 100

26m @ 12 g/t Au from 146m downhole in OEDD-120

95m @ 1.8 g/t Au from 170m downhole in OEDD-118

26m @ 2 g/t Au from 134m downhole in OEDD-137

4m @ 18.5 g/t Au from 67m downhole in OEDD-121

1.5m @ 13.4 g/t Au from surface in OEDD-136

3m @ 3.2 g/t Au from 6.5m downhole in OEDD-136

6.5m @ 4.4 g/t Au from 28.5m downhole in OEDD-136


Intercepts from this release:

52m @ 16.4 g/t Au from 256m downhole, including 11m @ 70.3 g/t Au from 279m in OEDD-148

33m @ 5.2 g/t Au from 276m downhole, including 16m @ 6.8 g/t Au from 280m in OEDD-146

10m @ 12 g/t Au from 273m downhole, including 7m @ 16.7 g/t Au from 275m in OEDD-145


The breccia is zoned both vertically and horizontally (see Long Section in Figure 5). Horizontally, there is a transition from a silica-rich, quartz-fill-dominant hydrothermal breccia on the southeast side to a clinopyroxene-dominant breccia on the northwest side of the northeast-trending structure. Vertically, a polymetallic zone extends from the surface to approximately 100 metres depth, below which there is a transition to a free gold-dominant zone that has yielded consistently high-grade mineralization. This deeper zone contains significantly less sulfide (1–5%).


Alteration is dominated by a combination of silica (quartz), potassic (biotite and K-feldspar), and calc-silicate (clinopyroxene), with hematite and epidote also present. The breccia zones are “magnetite destructive”, where magnetite in the parent rock is overprinted by pyrite and hematite. Dominant sulfides include pyrite, chalcopyrite, and pyrrhotite, with accessory molybdenum, galena, and sphalerite. Tellurides are also present as accessory minerals.


Recent confirmation that mineralization is magnetite destructive opens significant exploration potential at Charger. Several other demagnetized zones have been recognized within the Charger monzodiorite and are now considered new exploration targets (see Drill Plan in Figure 3, where zones labelled 2 to 5 are considered new “demag” targets).


New Deep Drilling Planned


Three deep holes totalling approximately 2000 metres have been planned, ahead of the seasonal rains, with the first hole collared last week. Drilling will be oriented northwest and the holes are designed to intercept the target breccia at vertical depths of approximately 400 and 600 metres below surface. These depths correspond to 150-metre and 350-metre step-backs from the current limit of drilling of 250 metres below surface (see Long Section in Figure 5). Refer to Table 1 for the planned drill collars.

How Charger Fits into the Odienné Vision for District-Scale Potential


The Odienné Project is being advanced as a district-scale opportunity, and Charger, together with BBM and other discoveries continue to demonstrate the potential of Odienné as a multi-target system with scale. Charger’s evolution from early discovery to a more mature system, with well-defined geometry, alteration zoning, and geophysical fingerprints, provides a template for potential repeatability across the Project. Awalé has recognized that Charger-style gold mineralization is associated with magnetite destruction, resulting in low magnetic signatures that have helped pinpoint four new prospective areas. This methodological approach demonstrates that Awalé is not just drilling for discovery, but building a pipeline of targets with a coherent geologic thesis.