Akobo Minerals

Prospectus • Mar 12, 2024

Akobo Minerals AB (publ) - Registration of national prospectus

Akobo Minerals AB (publ) - Registration of national prospectus

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO

RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND,

SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION

WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES

NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN AKOBO MINERALS AB (PUBL). SEE

THE "IMPORTANT INFORMATION" SECTION BELOW.

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.

For the purposes of the Subsequent Rights Issue, the Company has prepared a

national prospectus (the "Prospectus") which was registered with the Norwegian

Register of Business Enterprises (Norwegian: Foretaksregisteret) today in

accordance with section 7-8 of the Norwegian Securities Trading Act. Neither the

Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) nor any

other public authority has carried out any form of review, control, or approval

of the Prospectus. The Prospectus does not constitute an EEA prospectus.

The Prospectus will be made available electronically at the Company's website

akobominerals.com, prior to the subscription period commencing on 13 March 2024.

This information is published in accordance with the requirements of the

Continuing Obligations for issuers listed on Euronext Growth Oslo.

For further information, contact:

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

www.otcmarkets.com (https://eur03.safelinks.protection.outlook.com/?url=http%3A%2

F%2Fwww.otcmarkets.com%2F&data=05%7C02%7Cmartine.vik%40schjodt.com%7C4d5e091c202b

4253d9ec08dc3783d921%7C4651385ecc6244a7bde5dbda3fc721be%7C0%7C0%7C638446286622537

092%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiL

CJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=usf8PyEpjE6IyHg5KA1jol5VwiR%2Fw%2FXI9c1Z5JZ4AiM%

3D&reserved=0).

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 to

https://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.

Important information

Publication, release or distribution of this press release may in certain

jurisdictions be subject to legal restrictions and persons in the jurisdictions

where this press release has been made public or distributed should be informed

of and follow such legal restrictions. The recipient of this press release is

responsible for using this press release and the information herein in

accordance with applicable rules in each jurisdiction. This press release does

not constitute an offer or solicitation to buy or subscribe for any securities

in Akobo Minerals AB (publ) in any jurisdiction, either from Akobo Minerals AB

(publ) or from anyone else.

This press release does not contain or present a prospectus according to the

definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has

not been approved by any regulatory authority in any jurisdiction. A national

prospectus has been prepared by the Company and will be published on the

Company's website on or about 13 March 2024.

This press release does not constitute an offer or solicitation to buy or

subscribe for securities in the United States. The securities mentioned herein

may not be sold in the United States without registration, or without an

exemption from registration, under the U.S. Securities Act from 1933

("Securities Act") and may not be offered or sold within the United States

without being registered, covered by an exemption from, or part of a transaction

that is not subject to the registration requirements according to the Securities

Act. There is no intention to register any securities mentioned herein in the

United States or to issue a public offering of such securities in the United

States. The information in this press release may not be released, published,

copied, reproduced or distributed, directly or indirectly, wholly or in part, in

or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore,

South Africa, the United States or any other jurisdiction where the release,

publication or distribution of this information would violate current rules or

where such an action is subject to legal restrictions or would require

additional registration or other measures beyond those that follow from Swedish

and Norwegian law. Actions in contravention of this instruction may constitute a

violation of applicable securities legislation.