Akobo Minerals - Operational Update for June 2026

10 Jul 2026 08:59 CEST

Oslo, Norway, 10 July 2026 - Akobo Minerals AB (publ) ("Akobo" or the "Company")
(Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer operating in
Ethiopia, provides an operational update for June 2026.

June concluded the Company's strongest quarterly production period since
commencement of operations, with approximately 37 kg of doré gold produced
during Q2 2026. Operations continued normally throughout the month, supported by
stable mining and processing activities and no fuel-related disruptions.
Development of the vertical shaft and sub-shaft also continued during June.
Based on current observations, the Company believes the shaft is entering the
final transition into hard rock, which is expected to support more efficient
shaft development.

Key highlights

?      Doré gold production in June: approximately 10 kg

?      Doré gold production in Q2 2026: approximately 37 kg

?      Cumulative doré production to date: approximately 134 kg

?      Lower-grade stockpile available for processing: approximately 650 tonnes

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 more than
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, Dima Woreda.

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

Akobo Minerals places ESG principles at the core of its operations and maintains
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 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 complies with the JORC Code (2012) and places strong emphasis on
internationally recognised industry standards.

More information:
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