Akobo Minerals

Director's Dealing • Mar 21, 2024

Akobo Minerals AB (publ) - Notice of transaction by PDMR

Akobo Minerals AB (publ) - Notice of transaction by PDMR

Oslo, Norway - 21 March 2024 - Reference is made to the stock exchange

announcement published by Akobo Minerals AB (publ) (the "Company") on 27

February 2024, in which the Company announced a subsequent rights issue (the

"Subsequent Rights Issue") of up to 28,346,785 new shares in the Company (the

"New Shares"), each with a quota value of SEK 0.0371599322777818, at a

subscription price of NOK 1 per New Share (the"Subscription Price"). In

aggregate, 53,150,223 subscription rights (the "Subscription Rights") have been

issued, whereby fifteen (15) Subscription Rights gives the right to subscribe

for eight (8) New Shares.

Today, Kanoka Invest AS, a company closely associated with Jørgen Evjen, CEO and

primary insider in the Company, sold 1,052,306 Subscription Rights at 0.012 NOK

per Subscription Right. Jørgen Evjen also sold 60,000 Subscription Rights at

0.013 NOK per Subscription Right.

Primary insider notification pursuant to the market abuse regulation article 19

is attached.

This information is subject to disclosure requirements set out in the Market

Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act

Section 5-12.

For further information, please contact:

Jørgen Evjen, CEO Akobo Minerals

Mob: +47 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn:www.linkedin.com/company/akobominerals

Twitter: @akobominerals

Web:https://akobominerals.com

About Akobo Minerals

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

mining company. The company currently holds an extensive exploration license

encompassing 182 square kilometres and a 16 square kilometres mining license,

with an active mining operation in the Gambela region and Dima Woreda, Ethiopia.

Akobo Minerals has emerged as the foremost gold exploration company in Ethiopia,

boasting over 13 years of dedicated on-the-ground experience.

What sets Akobo Minerals apart is its strong commitment to fostering positive

relationships with local communities, extending all the way to national

authorities. This commitment is underscored by the company's unwavering

dedication to environmental and social governance (ESG), as evidenced by their

groundbreaking shared value program.

Akobo Minerals has firmly established its presence in the region by upholding

the principles of ethical conduct, transparency, and open communication. This

foundation positions the company to embrace new opportunities and ventures as

they emerge, making it a key player in the burgeoning Ethiopian mining industry.

Akobo Minerals has charted a clear course for its future growth, with a strategy

centered around amassing a portfolio of valuable gold resources through high

-impact exploration and mining activities, all while maintaining an efficient

and streamlined business operation.

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 (https://www.otcmarkets.com/stock/AKOBF/quote?utm_source=Press+Release&utm_med

ium=Press+Release&utm_campaign=New+OTCQX+Company)(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

onwww.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, pleaserefer

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.