Akobo Minerals AB to host online webinar in connection with subsequent rights issue

Akobo Minerals AB (“Akobo” or the “Company”) has the pleasure of inviting you to an online webinar on Thursday 14 March 2024 at 13:00 CET, in connection with the ongoing subsequent rights issue. The webinar will be hosted by SpareBank 1 Markets AS.

Eligible shareholders have been invited to participate in a subsequent rights issue to raise gross proceeds of up to NOK 28.3 million, following the private placement and amendment of debt terms announced in a press release on 27 February 2024. The subscription period in the subsequent rights issue commenced today, 13 March 2024, and will expire on 27 March 2024.

The presentation and subsequent Q&A session will be held in Norwegian and may be viewed live at: https://bit.ly/AKOBO2024

A recording of the presentation will be made available on Akobo’s website after the webinar.

For more information, please contact:

Jørgen Evjen

Chief Executive Officer

Mobile: +47 928 04 014

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.