Akobo Minerals - Operational Update for July 2025

12 Aug 2025 08:32 CEST

Oslo, Norway, 12 August 2025 - Akobo Minerals AB (publ) ("Akobo" or the
"Company") (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer
operating in Ethiopia, provides its operational update for July 2025.

Highlights

· World-class average grade at 45 g/t, compared to typical global averages of
1-5 g/t
· Contribution from July: ~8 kilograms (approx. USD 750,000)
· Total doré gold production to date: ~38 kilograms
· Highest average purity to date, exceeding 90%
· Cash flow positive, with breakeven at approximately 5 kg/month

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Operational Developments

Two new large shaking tables have arrived and are ready for installation,
expected to improve recovery rates and throughput.

The first deposit payment will be made for the headgear for the new vertical
shaft. The estimated total cost for establishing the shaft is USD 1.7 million.

Mining continues to focus on high-grade zones within the Segele orebody.

August is expected to deliver positive results, and as the rainy season ends,
further improvements in tonnage and mining efficiency are anticipated.

Corporate Update

Ethiopian Investment Holdings (EIH), the Sovereign Investment Fund of Ethiopia,
has completed a USD 3 million investment in Akobo Minerals - its first
international investment. This represents a strong endorsement of the Company's
operations and growth potential.

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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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, the company is traded on the OTC Pink Market (OTC:
AKOBF).

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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