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 widths* 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.

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.

The latest results include one hole (OEDD-129) drilled at the southeastern extent of the BBM mineralization and five holes (OEDD-128, 130, 131, 132, and 133) drilled along the northwestern extents. The latter confirms a significant extension of mineralization to the northwest and identifies a steeply dipping, higher-grade lens likely related to folding in the western portion of the BBM zone (see significant intercepts from this release in Table 1). Awalé has closed drill spacing to a 100m grid and has confirmed the continuity of mineralization over at least 1 strike km (refer to full news release for link to see drill plans and sections).

“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,” commented Andrew Chubb, CEO of Awalé Resources.

About the BBM Target Discovery
BBM is a significant gold-copper discovery, where drilling has returned consistent grades and widths over a 1-kilometre strike length within the discovery zone. The zone has resource potential and has now been drilled on approximately 100m spacing to a depth of 300m. Several deeper holes confirm that the mineralized system remains open down plunge.

A central, 300m-wide plunging shoot with higher grades and broader widths of mineralization holds the 1km discovery zone together. Within this shoot, average true widths are approximately 30m. BBM represents a key component of Awalé’s broader exploration strategy at the Odienné Project, which targets a district-scale opportunity across multiple prospects.


BBM is a grassroots discovery by Awalé, with no prior exploration or artisanal mining activity reported at site before the Company’s four-hole scout drilling and discovery program in December 2023 (see January 11, 2024 news release). Three drill campaigns have subsequently been completed at BBM, totalling 13,189m in 50 holes. Table 3 summarizes the significant intercepts from the current program, while results from earlier campaigns are detailed in news releases dated September 9, 2024 and November 18, 2024.


Mineralization at BBM is hosted within a subtle bend in a shear zone that extends for over 15km, where Awalé has drilled four scout drill lines in close proximity to BBM (see April 2, 2025 news release). The entire structure exhibits anomalous gold and copper geochemistry, supporting its potential as a pipeline for future discoveries. At the deposit scale, mineralization is characterized by gold–copper–molybdenum occurrences within a high-strain corridor marked by pervasive silica alteration, as well as biotite and k-feldspar/hematite alteration. Magnetite is also present and is more abundant proximal to mineralization rather than within the higher-grade zones. Mineralization occurs at the contact between granodiorite and volcanosedimentary rocks and sediments. The presence of molybdenum and other pathfinders share a similar fingerprint to the Charge, Empire, and Sceptre discoveries where mineralization is thought to have significant magmatic inputs. Awalé has postulated an Iron Oxide Copper Gold (IOCG) setting for the project area. Lamprophyre dykes proximal and within the mineralization suggest a deep crustal connection for the structures at BBM.


Additional targets within the camp-scale footprint include the advanced Charger and Empire prospects, as well as Lando and Fremen, with potential for discovery. All have been drilled as part of the current 18,000-metre drill campaign, which is now nearing completion.

A full table of significant intercepts from the current release, with drill collar locations for all drilling in this phase at BBM are presented in Table 1 and Table 2, respectively.


*True widths are estimated at 70% of the downhole width of mineralization intercepted in drilling.