Akobo Minerals

Akobo Minerals AB to host online webinar in connection with subsequent rights issue

Akobo Minerals AB ("Akobo" or the "Company") has the pleasure of inviting you to

an online webinar on Thursday 14 March 2024 at 13:00 CET, in connection with the

ongoing subsequent rights issue. The webinar will be hosted by SpareBank 1

Markets AS.

Eligible shareholders have been invited to participate in a subsequent rights

issue to raise gross proceeds of up to NOK 28.3 million, following the private

placement and amendment of debt terms announced in a press release on 27

February 2024. The subscription period in the subsequent rights issue commenced

today, 13 March 2024, and will expire on 27 March 2024.

The presentation and subsequent Q&A session will be held in Norwegian and may be

viewed live at: https://bit.ly/AKOBO2024

A recording of the presentation will be made available on Akobo's website after

the webinar.

For more information, please contact:

Jørgen Evjen

Chief Executive Officer

Mobile: +47 928 04 014

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.

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