Akobo Minerals

Environmental & Social Information • Feb 8, 2023

Akobo Minerals wins prestigious ESG Nature award at Mining Indaba

Akobo Minerals wins prestigious ESG Nature award at Mining Indaba

OSLO, 08 February 2023: Akobo Minerals (Euronext Oslo - "AKOBO"), the

Scandinavian-based Ethiopian gold exploration and boutique mining company, today

announces that it has won the prestigious 2023 ESG Nature award at Mining

Indaba, Cape Town.

Mining Indaba is Africa's premier mining expo, and one of the largest mining

events in the world. With over 15,000 attendees we are delighted to have been

recognized on such a prestigious occasion

Jørgen Evjen, CEO of Akobo Minerals, said: "We are proud to have been recognized

for our ESG efforts by winning this prestigious award for our ESG work by such

an industry-respected organization. We understand that to be a successful

company, ESG will always be at the heart of our activities at a community,

country and global level and we are honored that Indaba has identified our

program as meeting the highest standards in the mining industry."

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The 2023 Mining Indaba conference and exhibition will have an increased focus on

ESG and sustainability issues. As ESG moves from strategy to implementation, the

event will look at key issues such as ESG metrics, sustainable development goals

(SDPs) and better community engagement.

Akobo Minerals is focused on delivering sustainable value for its employees,

stakeholders and host communities, both now and into the future. The company

believes that the protection of the health and wellbeing of staff employees,

acting as a custodian of the local environment and being an advocate for

sustainable economic empowerment in the Ethiopian host communities are both the

right things to do and are a fundamental business imperative.

Akobo Minerals will be exhibiting at the Mining Indaba. Join the company on

stand ES 22 to hear more about its activities as it gears up for commencing its

Ethiopian gold production in early 2023.

For more information, contact:

Jørgen Evjen, CEOAkobo Minerals

Mob: +4792 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 Scandinavia-based gold exploration and boutique mining

company, currently holding an exploration license covering 182 km2 and with an

ongoing mine development in the Gambela region and Dima Woreda, Ethiopia. The

company has established itself as the leading gold exploration company in

Ethiopia through more than 12 years of on-the-ground activity.

Akobo Minerals holds a 16 km2 mining license and is working to start up mining

of its very promising Segele target. It has an Inferred and Indicated Mineral

Resource yielding a world-class gold grade of 22.7 g/ton, combined with an

estimated all-in sustaining cost (AISC) of 243 USD per ounce. Still open at

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

impact on future resource estimates and mine-life. 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 it places environment, social and governance

(ESG) at the heart of its activities - as demonstrated by an industry-leading

community program.

Akobo Minerals has built a strong local foothold based upon 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.

Akobo Minerals has a clear strategy aimed at building a portfolio of gold

resources through high-impact exploration and mining, while adhering to a lean

business operation. The company is headquartered in Oslo and is listed on the

Euronext Growth Oslo Exchange under the ticker symbol AKOBO.

Akobo Minerals fully meets and complies with all parts of the JORC code, 2012.

For further information, see https://www.jorc.org/