Bulletin from the annual general meeting 2025 in Akobo Minerals AB (publ)

25 Jun 2025 16:21 CEST

Today, on 25 June 2025, the annual general meeting in Akobo Minerals AB (publ)
("Akobo Minerals" or the "Company") was held in Gothenburg. Below is a summary
of the most important resolutions from the annual general meeting of the
Company.

Resolution on adoption of accounts and allocation of the Company's results
The annual general meeting resolved to adopt the income statement and balance
sheet, and the consolidated income statement and consolidated balance sheet. The
annual general meeting further resolved to allocate the Company's result in
accordance with the proposal from the board of directors, meaning that no
dividends are paid and that the available funds are carried forward.

Discharge from liability for the members of the board of directors and the CEO

The annual general meeting resolved to discharge all persons who have been
members of the board of directors or CEO of the Company during 2024 from
liability.

Remuneration for the board of directors and the auditors

The annual general meeting resolved that board remuneration shall be paid with
SEK 300,000 to the chairman of the board of directors and with SEK 100,000 to
each of the other board members who are not employed by the Company.

The annual general meeting further resolved that the remuneration to the auditor
shall be paid in accordance with approved invoice.

Election of the board of directors

The annual general meeting resolved to re-elect Hans Olav Torsen, Carl Eide and
Helge Rushfeldt, as well as elect Wondwossen Zeleke Tessema as ordinary members
of the board of directors. Hans Olav Torsen was re-elected chairman of the
board.

Election of audit firm

Frejs Revisorer AB was re-elected as audit firm. Frejs Revisorer AB has
announced that the authorized public accountant Sébastien Argillet will continue
to be the auditor in charge.

Amendments to the articles of association

The annual general meeting resolved to amend the limits of the share capital and
number of shares in the articles of association.

Authorization

The annual general meeting resolved to authorize the board of directors to, on
one or several occasions until the next annual general meeting, with or without
deviation from the shareholders' pre-emptive rights, against payment in cash,
non-cash consideration or through set-off, resolve on new issues of shares,
convertibles and/or warrants.

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

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
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N
kNmNiNjpwOlQ6Tg)(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/.

More information:
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