Akobo Minerals

Share Issue/Capital Change • Jul 26, 2024

Akobo Minerals AB (publ): Share options to management, employees and members of the board of directors has been registered with the Swedish Companies Registration Office

Akobo Minerals AB (publ): Share options to management, employees and members of the board of directors has been registered with the Swedish Companies Registration Office

Oslo, 26 July 2024 - Akobo Minerals AB (publ) (the "Company") today announce

that the directed issue of warrants to management, employees, and members of the

board of directors, as resolved by the annual general meeting 25 June 2024, has

been registered with the Swedish Companies Registration Office.

The strike price for the warrants is NOK 1.00 of which each warrant gives the

right to subscribe for one (1) share in the Company. The warrants may be

exercised to subscribe for new shares during the period from an including the

date that the warrants were registered with the Swedish Companies Registration

Office up to an including 14 November 2027.

PDMR notices will be made in a separate announcement.

Please refer to the minutes from the annual general meeting as previously

announced on 25 June 2024 for further information about the warrants.

For more information:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About

Akobo Minerals Akobo Minerals is a Scandinavian-based gold exploration and

boutique mining company, currently holding an exploration license covering 182

km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda,

Ethiopia. The company has established itself as the leading gold exploration

company in Ethiopia through more than 13 years of on-the-ground activity, which

has now been enhanced further with the development of its Segele mine.

Akobo Minerals' Segele mine has an Inferred and Indicated Mineral Resource of

68,000 ounces, yielding a world-class gold grade of 22.7 g/ton. Still open to

depth, the gold mineralised zone continues to expand and will have a positive

impact on future resource estimates and the life expectancy of the mine. The

exploration license holds numerous promising exploration resource-building

prospects in both the vicinity of Segele and in the wider license area.

Akobo Minerals has an excellent relationship with local communities all the way

up to national authorities and the company places environment and social

governance (ESG) at the heart of its activities - as demonstrated by a planned,

industry-leading, extended shared value program.

Akobo Minerals has built a strong local foothold based on the principles of

sound ethics, transparency and communication, and is ready to take on new

opportunities and ventures as they arise. The company is uniquely positioned to

become a major player in the future development of the very promising Ethiopian

mining industry. The company is headquartered in Oslo and is publicly listed on

the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the

ticker symbol AKOBO.

For US investors, Akobo Minerals AB (OTCQX: AKOBF) is traded on the OTCQX Best

Market, adhering to high financial standards, best practice corporate

governance, and compliance with U.S. securities laws. Additionally, the company

has a professional third-party sponsor introduction, and investors can access

current financial disclosures and Real-Time Level 2 quotes for the company on

http://www.otcmarkets.com/

Akobo Minerals places great emphasis on meeting and exceeding industry

standards, fully complying with all aspects of the JORC code, 2012. For detailed

information on their adherence to this code, please refer

tohttps://www.jorc.org/. Akobo Minerals' unwavering commitment to ethical

practices, community engagement, and environmental responsibility positions them

as a formidable force in the evolving landscape of the Ethiopian mining sector.