Akobo Minerals

Minutes from Extraordinary General Meeting of the shareholders in Akobo Minerals

GOTHENBURG, 7 December 2021: Akobo Minerals (Euronext Oslo - "AKOBO"). The

shareholders of Akobo Minerals AB (publ) ("Akobo" or the "Company") have held an

Extraordinary General Meeting on December 7, 2021 (the "EGM") whereby the

following main decision was made.

Election of board of directors

The EGM resolved to elect Helge Rushfeldt as a new board member of the Company

while Erik Haugane resigned as a board member in connection with the EGM. Hans

Olav Torsen and Jørn Christiansen remain as board members of the Company.

Other

For more detailed information on the content of the resolution, please refer to

the notice convening the EGM and the complete proposals that are available on

the Company's website. All decisions were made unanimously.

For more information, contact:

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

LinkedIn: www.linkedin.com/company/akobominerals

Web: https://akobominerals.com

About Akobo Minerals:

Akobo Minerals is a Norway-based gold exploration company, currently with

ongoing exploration and small-scale mine development in the Gambela region and

Dima Woreda, southwest Ethiopia. The operations were established in 2009 by

people with long experience from the public mining sector in Ethiopia and from

the Norwegian oil service industry. Akobo Minerals holds a mining licence and an

exploration license over key targets in the area. Economic mineralisation was

discovered and the company is engaged in mining studies to advance the project

to production, alongside exploration core drilling. Akobo Minerals is

transforming its organisation to support an increased pace of core drilling. At

both the key targets Segele and Joru the company has so far released

exceptionally high-grade gold results including the Segele deposit with an

Inferred Mineral Resource of 78ktons at 20.9g/t.?A scoping study for Segele

includes an up-front capital expenditure of USD $8m and all-in sustaining cost

of USD $243 per ounce of gold produced. Core-drilling and trenching at Joru have

intersected both high-grade gold zones and large wide zones near surface. The

company has an excellent partnership with national authorities and places ESG at

the heart of its activities - a ground-breaking community program is being

planned.

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