HIGHLIGHTS
New +5 km gold-in-termitaria footprint identified, extending the Fremen target southward

Potential for standalone discoveries on 100%-owned Awalé properties

Additional scout drilling set to begin in June

Drilling confirms near-surface mineralization along strike from BBM discovery

Confirming significant gold-mineralized trend stretching +10 km within 100%-owned ground

Toronto, Ontario, June 16, 2025 -- Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company”) is pleased to report a 5-kilometre (“km”) extension of the Fremen target, based on results from termite mound sampling. In addition, gold assay results from recent scout drilling confirms mineralization along the same structural trend as the BBM discovery. The significant extension, along with positive drilling results, confirms a significant gold-mineralized trend stretching over 10 kilometres within Awalé’s 100%-owned ground, from the BBM discovery.

Additional Drilling on Fremen Set to Begin

Further scout drilling is planned for June, ahead of the seasonal rains. This program consists of a 1,200-metre reverse circulation (“RC”) scout drilling campaign to test the newly defined +5-kilometre gold-in-termitaria anomaly. Follow-up diamond drilling is scheduled for October 2025. An aeromagnetic survey will also be completed in June, covering the three granted 100%-owned Awalé permits: Sienso, Sama, and Seydou. These activities, along with upcoming results from BBM satellite targets, Charger deep drilling, and Lando, are expected to generate a steady stream of news flow from Awalé.

“Fremen is the first of our 100%-owned targets in what is emerging as a new gold and copper district in Côte d’Ivoire. Located along strike from the BBM discovery, Awalé has now extended the Fremen footprint to 10 kilometres with termite mound sampling. This demonstrates the potential of the Odienné Project to deliver standalone discoveries within our 100% ground. This is further reinforced by Fortuna Mining’s recent equity investment, which will fund the advancement of our 100%-owned properties as we aggressively expand exploration across the greater Odienné district. Given the scale of mineralization and ongoing discoveries, the Project’s center of gravity may ultimately reside within our wholly owned ground,” commented Andrew Chubb, CEO of Awalé Resources.

Background on Termite Mound Programs and Drilling

The 400m x 50m termitaria sampling grid consisting of 1,404 samples covered the southern extension of the Fremen drill zone to the permit boundary. Results from this program have outlined a consistent, 5-km-long gold-in-termitaria anomaly, averaging above 14 parts per billion (“ppb”) gold with a peak value of 119 ppb. The anomaly curves around an intrusive contact to the east in a structural setting similar to BBM. The scout RC drill program consisted of 2,230-metres across 24 holes at the 100%-owned Fremen target. Gold mineralization intercepted is associated with alteration and shearing, similar to the BBM discovery and represent significant early-stage intercepts over broad intervals coincident with the interpreted extension of the structure that hosts the BBM discovery. Some selected intercepts from the Fremen target scout drilling include:

15m @ 0.6 g/t gold from 40m downhole in hole SSRC-20, including 7m @ 1.1 g/t gold from 46m downhole,

8m @ 0.5 g/t gold from 100m downhole in hole SSRC-02,

8m @ 0.7 g/t gold from 78m downhole in hole SSRC-03.


Turaco Option Exercise
Following the successful renewal of the Sienso exploration permit (“PR-840”) for an additional three-year term—and with all other conditions of the agreement now satisfied—Awalé has elected to exercise its exclusive option to acquire a 100% interest in the Sienso permit from Turaco Gold Limited (“Turaco”).

The Sienso permit represents an important part of the Odienné Project area, which Awalé is actively advancing through a district-scale exploration program targeting gold-copper mineral systems.

Pursuant to the agreement, Awalé will issue 680,715 common shares to Turaco. These shares will be subject to a 12-month escrow from the date of issuance. Upon completion of the share issuance, Awalé will hold a 100% interest in the Sienso permit, subject to an existing 2.5% net smelter return (NSR) royalty in favour of Resolute Mining Ltd.

Significant intercepts from the current release and drill collar locations are presented in Table 1 and Table 2, respectively (please refer to Full News Release).