Akobo Minerals — Earnings Release 2025

Jul 1, 2025

Akobo Minerals - Solid First Smelt From June and May Production

Akobo Minerals - Solid First Smelt From June and May Production

Oslo, Norway, 1 July 2025

Akobo Minerals AB (publ) ("Akobo" or the "Company") (Euronext Growth Oslo:

AKOBO), a Scandinavian-based Ethiopian gold producer, is pleased to provide an

operational update following the latest smelting activity at the Segele mine.

Highlights

.          First successful smelt completed with the new gravity setup, covering

part of the production from the second half of May and throughout June:

· 7.1 kilograms of doré produced

· Average grade of 30 g/t (not accounting for material sent to tailings for

later processing)

· Purity level of 83%, representing a solid improvement from latest processing

.          A good portion of coarse gold and stockpiled material from June

production remains to be smelted.

.          The upgraded gravity recovery system is now fully operational, with

improvements by Sutton Global contributing to enhanced recovery and purity.

[image]

From fine panning and magnetic separation to acid washing and shiny doré bars.

Mining and processing activities at Segele continue according to plan, with

ongoing operations in high-grade zones. The team is currently blending ore from

different areas to maintain a stable feed into the processing plant. These

measures are supporting consistent production and continued optimisation of

operations.

For more information, contact

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn:

www.linkedin.com/company/akobominerals (https://protect.checkpoint.com/v2/___http

://www.linkedin.com/company/akobominerals___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZm

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GI4ZmJmZTZjZmUzNGM0OTM4NDRlMjNkMTQ5OTQzZmRmOTpwOlQ6Tg)

Web:

www.akobominerals.com (https://protect.checkpoint.com/v2/___http://www.akobominer

als.com/___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZmMDIwYTc1M2VhODk0MjA0YzI4NGU2MTo2O

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About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold producer, currently holding an

exploration license covering 182 km2 and a mining license covering 16 km2 in the

Gambela region and Dima Woreda, Ethiopia. With over 15 years of active

operations on the ground, the company has established a strong foothold in

Ethiopian mining industry.

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 The mineralized

zone remains open at depth, supporting future resource estimates and extending

the mine's 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 maintains strong relationships with local communities and

government authorities, placing ESG principles at the core of its operations.

The company's commitment to sound ethics, transparency, and stakeholder

engagement is evident through its industry-leading extended shared value

program.

Akobo Minerals 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 (https://protect.checkpoint.com/v2/___https://www.otcmarkets.com/stock/AKOBF/q

uote?utm_source=Press+Release&utm_medium=Press+Release&utm_campaign=New+OTCQX+Com

pany___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZmMDIwYTc1M2VhODk0MjA0YzI4NGU2MTo2OjliN

TA6MTZjMmNiOWJlYTU0NWNiMTVlZDY2NzhiOWNkYThiNDUyM2ZlNWRhYjdkYWRiZjIyYWMyODgxM2NlNj

NkNmNiNjpwOlQ6Tg) (OTC: AKOBF) is traded on the OTC Pink Market.

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/.