Akobo Minerals wins prestigious ESG Nature award at Mining Indaba

08 Feb 2023 08:49 CET

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/

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