All registered shareholders will be sent new certificates representing their share positions directly from the Company’s transfer agent Computershare without any action on their part . Post consolidation the Company will have approximately 23,348,137 common shares issued and outstanding prior to rou

News Release - Share Consolidation

Vancouver, BC, December 1, 2021 - Awalé Resources Limited (“ Awalé” or the “Company”) (TSXV:

ARIC) announces that further to its November 4, 2021 news release, it’s share consolidation on a 8:1 basis

has been accepted and will be effective on December 6, 2021.

All registered shareholders will be sent new certificates representing their share positions directly from the

Company’s transfer agent Computershare without any action on their part . Post consolidation the

Company will have approximately 23,348,137 common shares issued and outstanding prior to rounding for

fractional shares.

ON BEHALF OF THE BOARD

AWALE RESOURCES LIMITED.

“Glen Parsons”

Glen Parsons, President and CEO

For additional information you are invited to visit the Awalé Resources Limited website at

www.awaleresources.com, or contact Karen Davies, Head of Investor Relations at Tel: 604.314.6270

End

Forward-Looking Information

This news release contains "forward -looking information" within the meaning of applicable securities laws. Readers

are cautioned not to place undue reliance on forward-looking information. Actual results and developments may differ

materially from those contemplated by such information. The statements in this news release are made as of the date

hereof. The Company undertakes no obligation to update forward -looking information except as required by

applicable law.

Cautionary Statement

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT

TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE