Akobo Minerals

Regulatory Filings • Sep 28, 2023

Akobo Minerals announces the commencement of OTCQX trading

Akobo Minerals announces the commencement of OTCQX trading

OSLO, 28 September 2023:Akobo Minerals

AB (https://www.otcmarkets.com/stock/AKOBF/quote?utm_source=Press+Release&utm_med

ium=Press+Release&utm_campaign=New+OTCQX+Company) (Euronext and Frankfurt:

AKOBO) (OTCQX:AKOBF), the Scandinavian-based Ethiopian gold exploration and

boutique mining company, today announced that its shares will now trade on the

OTCQX Best Market under the ticker symbol of AKOBF.

The OTCQX Best Market is the highest market tier of OTC Markets on which 12,000

U.S. and global securities trade. Trading on OTCQX will enhance the visibility

and accessibility of the Company to U.S. investors.  Akobo Minerals' shares will

continue to trade on the Euronext Growth in Oslo under the symbol AKOBO, and on

the Frankfurt Stock Exchange under the symbol AKOBO.

The OTCQX Best Market provides value and convenience to U.S. investors, brokers

and institutions seeking to trade AKOBF. The OTCQX Best Market is OTC Markets

Group's premier market for established, investor-focused U.S. and international

companies.  To be eligible, companies must meet high financial standards, follow

best practice corporate governance, demonstrate compliance with U.S. securities

laws, be current in their disclosure, and have a professional third-party

sponsor introduction.

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Automatisk generert beskrivelse]

Akobo Minerals has positioned itself as the leading mining and exploration

company in Ethiopia - a country with vast untapped resources. In terms of

mining, Akobo is nearing the complete construction of the Segele gold mine, a

uniquely high-grade asset. In terms of exploration, Akobo has a rapidly

expanding portfolio of exploration targets with high grade intersections at

depth and at surface. The Segele mine has an Inferred and Indicated Mineral

Resource of 68,000 ounces yielding a world-class gold grade of 22.7 g/ton,

combined with an estimated all-in sustaining cost (AISC) of USD 243 per ounce.

The gold mineralised zone at the Segele Mine continues at depth, this and the

exploration targets have good potential to have a positive impact on future

resource estimates and mine-life. The company plans a strategic expansion of the

exploration licence in order to open a new gold province.

Jørgen Evjen, CEO of Akobo Minerals, said: "I am pleased to reach the milestone

of trading on OTCQX, as this will make it easier for U.S. investors to invest in

Akobo. After 13 years of hard work, the timing is right for new investors to

invest in this great adventure. We are establishing the first new commercial

mine in Ethiopia since 1994, with first pour of gold in sight. And from our

exploration work we see the potential in discovering a possible million-ounce

deposit. This is just the beginning, and we welcome all new shareholders on

board. Ethiopia is going to be the new hot spot for mining in Africa over the

next 10 years. We have a head start and are first movers".

- Ends -

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

Web: www.akobominerals.com 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 16 km 2

mining license 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 13 years of on-the-ground

activity.

Akobo Minerals has an excellent relationship with local communities all the way

up to national authorities and we place environment and social governance (ESG)

at the heart of our activities - as demonstrated by a planned industry-leading

extending shared value 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, whilst adhering to a lean

business operation.

The company is headquartered in Oslo and is listed on the Euronext Growth Oslo

Exchange and Frankfurt Stock Exchange under the ticker symbol, AKOBO.

Akobo Minerals

AB (https://www.otcmarkets.com/stock/AKOBF/quote?utm_source=Press+Release&utm_med

ium=Press+Release&utm_campaign=New+OTCQX+Company) (OTCQX: AKOBF) trades on the

OTCQX Best Market. Companies meet high financial standards, follow best practice

corporate governance, demonstrate compliance with U.S. securities laws, and have

a professional third-party sponsor introduction. Investors can find current

financial disclosure and Real-Time Level 2 quotes for the Company on

www.otcmarkets.com.

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

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

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