Akobo Minerals - Operational update

15 Apr 2026 08:51 CEST

Oslo, Norway, 15 April 2026 - Akobo Minerals AB (publ) ("Akobo" or the
"Company") provides an operational update related to the current fuel supply
situation and its impact on the Segele mine.

Disruptions in global fuel supply, including reduced tanker traffic through the
Strait of Hormuz, have constrained fuel availability in Ethiopia, which relies
on imported diesel. Against this background, and as a precautionary measure, the
Company will temporarily scale back operations at Segele, while maintaining
readiness to resume operations as soon as reliable diesel deliveries are
restored. This measure is implemented in a structured and controlled manner.

Based on the latest information, the Company expects a diesel shipment to reach
site in early May. The situation is monitored continuously, and the Company is
prepared to rapidly remobilise operations once reliable diesel deliveries are
confirmed.

The situation does not affect the Company's mineral resources, underground
infrastructure or long-term development plans for the Segele mine.

The Company has sufficient liquidity to manage the temporary disruption in the
short term and continues to maintain a constructive dialogue with key
stakeholders.

Akobo will provide further updates as appropriate.

For more information, contact

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn:
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Web:
www.akobominerals.com (https://protect.checkpoint.com/v2/___http://www.akobomine
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als.com/___.YzJlOnNjaGpkdGFzOmM6bzoxMGRjOGE2MTZmMDIwYTc1M2VhODk0MjA0YzI4NGU2MTo2
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About Akobo Minerals
Akobo Minerals is a Scandinavian-based gold producer and explorer with over 15
years of active operations in Ethiopia. The Company holds an exploration licence
covering 182 km² and a mining licence covering 16 km² in the Gambela region and
Dima Woreda.

The Segele mine hosts an Indicated and Inferred Mineral Resource of
approximately 69,000 ounces at a high average grade of 22.7 g/t gold. The
mineralised system remains open at depth, supporting further resource growth and
mine life extension. In addition, the Company's exploration licence hosts
multiple high-quality targets with significant resource-building potential.

Akobo Minerals places ESG principles at the core of its operations, maintaining
strong relationships with local communities and government authorities. The
Company is committed to sound ethics, transparency and responsible mining
practices.

Akobo Minerals is headquartered in Oslo and is listed on Euronext Growth Oslo
and the Frankfurt Stock Exchange under the ticker AKOBO. In the United States,
the Company's shares trade on the OTC Pink Market under the symbol AKOBF.

The Company fully complies with the JORC Code (2012) and places strong emphasis
on meeting recognised industry standards.

More information:
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