Awalé Updates on Drilling at High-Grade Gold Charger Target, Odienné Project

HIGHLIGHTS

• The Charger zone stands out with some of the highest-grade intercepts in West Africa in the last 12 months, including 32m @ 45.7 g/t Au from 165m downhole in OEDD-83. Awalé is now following up on these high-grade intersections.
• Charger is a near-surface, high-grade gold discovery hosted within a 200m-long breccia corridor.
• Ten holes have been completed at Charger, with drilling on two more in progress, with results expected in April/May 2025.

Toronto, Ontario--(Newsfile Corp. - 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.

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."

Charger's Geological Model and the Significance of its Hinge Zone

The Company's geological modeling on Charger has identified folding as a key control on high-grade mineralization. Thickening within the hinge zones of these folds has resulted in broader and higher-grade gold intercepts, as demonstrated in recent drill results. The breccia has now been intersected at multiple points along the northeast corridor, with mineralization remaining open both up and down plunge of previously reported intercepts. Additionally, there is potential for multiple fold hinges within the existing mineralized corridor, as well as parallel zones to the southeast, which could further expand Charger's high-grade volume (see November 11, 2024 news release). Charger represents a high-grade gold discovery, and along with other discoveries on the Project-including BBM, Empire, and Sceptre-provides evidence of a potentially large-scale mineralized system within the broader Odienné Project.