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Road Cut Zone

Results from the first two holes of the ongoing drill program at the RCZ have been received. A plan map showing collar locations is provided in Figure 1, and a full summary of all drill intercepts can be found in Table 1 below.

Diamond drill hole KDD0049 was drilled on section RCZ600 to test the down-dip extension of gold mineralisation identified in KDD0014, which previously returned 9.0 m at 4.27 g/t Au from 117.0 m (see press release dated July 11, 2024). The hole successfully intersected several shear zones that correlate with the interpreted structures in KDD0014. Key intervals include 9.0 m at 3.35 g/t Au from 147.0 m, corresponding to the 5.0 m interval grading 0.50 g/t Au from 85.0 m in KDD0014, and 4.0 m at 2.04 g/t Au from 192.0 m, correlating with the 9.0 m at 4.27 g/t Au from 117.0 m observed in KDD0014. Full results are provided in Table 1.

Diamond drill hole KDD0052 was drilled on section RCZ550, targeting the strong mineralisation observed in surface trench KTR048, which returned 9.0 m at 1.76 g/t Au (see press release dated November 1, 2023). The hole intersected strong gold mineralisation, including 11.0 m at 6.77 g/t Au from 45.0 m, associated with shearing and veining. These mineralised zones correlate well with those observed in trench exposures. At the base of KDD0052, several shears were intersected, likely linked to the Contact Zone, which is discussed later in this press release.

Contact Zone

As previously reported, hole KDD0052 intersected the Contact Zone, returning 6.0 m at 1.94 g/t Au from 264.0 m, including 1.0 m at 9.63 g/t Au. This mineralisation appears to be directly associated with the sheared contact with the volcano-sedimentary units. Further drilling is planned to explore along strike of this promising target. The Contact Zone has been interpreted as a significant first-order structure, potentially acting as a conduit for gold-bearing fluids throughout the Kossou system.

Holes KDD0045 and KDD0047 were drilled along the eastern margin of the volcanic belt to refine the location of the Contact Zone fault. This fault's position has been inferred from limited surface exposure, geophysical data, and small-scale artisanal workings observed along the shoreline of Lake Kossou, where the structure is believed to reach the surface. Hole KDD0045, collared east of the contact, drilled through the volcano-sedimentary sequence and intersected strongly sheared units with quartz veining, returning 2.0 m at 1.47 g/t Au. Drill hole KDD0047 successfully crossed the Contact Zone fault, yielding 3.0 m at 1.54 g/t Au associated with shearing and quartz veining. These results are highly encouraging for this prospective target. See Figure 1 for drill hole locations.

Kadie Zone

Results from six drill holes completed at the Kadie Zone have been received. The program targeted the Kadie 2 and Kadie 3 structures, with all holes intersecting significant gold mineralisation over widths of 2.0+ m. Drill hole locations are shown in Figure 2, and full results are provided in Table 1.

Highlights include KDD0046, which returned 4.0 m at 6.38 g/t Au from 14.0 m, and KDD0044, which reported 6.0 m at 2.39 g/t Au from 61.0 m. Drill hole KDD0050 intersected a highly altered quartz-feldspar porphyry within a well-defined shear zone at 102.0 m depth. The upper and lower contacts of the porphyry and the adjacent sheared volcanics hosted well-developed quartz-carbonate veins with visible gold, yielding 1.0 m at 20.20 g/t Au from 102.0 m and 1.0 m at 32.60 g/t Au from 117.0 m. While the strongly altered quartz-feldspar porphyry contained anomalous gold values of less than 0.30 g/t Au across an overall width of 14.0 m, the total interval of 16.0 m assayed at 3.36 g/t Au, including significant intervals of lower-grade material.

Table 1: Summary of Significant Diamond Drill Hole Results

An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample (split of the 1 m original sample) every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d'Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

The Company is drilling to unlock the potential size and scale of Kossou within 9+ km strike length of highly prospective gold in soil geochemical anomalies with excellent rock and trench sampling, as well as drill results. Significant gold mineralisation has been identified at three main targets within a 300 m wide, 2+ km long, pervasively altered structural corridor defining a potentially large orogenic gold system. In 2023, the Company completed approximately 5,900 meters of reverse circulation (RC) drilling and 5,400 meters of trenching, alongside 4,368 meters of diamond drilling in 2024. Moving forward, the Company is completing the remainder of its 10,000 m of core diamond drilling program by the end of January 2025 at key targets at the Kossou Gold Project. The Company also plans on additional exploration on its Kotobi Permit and pending approval for over 600 km² of prospective ground as part of its strategic efforts to expand its footprint in Côte d'Ivoire.

Kobo remains committed to identifying and developing new opportunities to enhance its land position and growth in the region. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol "KRI". For more information, please visit www.koboresources.com.

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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Contacts

For further information:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com