AWALE RESOURCES Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

AWALE RESOURCES

Financing

Vancouver, BC, September 11, 2018, Awalé Resources Limited. (ARIC-TSX.V) (the "Company" or “Awalé”)

is pleased to announce, subject to Exchange approval, a non -brokered private placement of 6,660,000

Shares at a price of CDN $0. 125 per share. Gross proceeds of CDN $8 32,500 will be used for ongoing

exploration expenditure on its projects in Côte D’Ivoire and for general overhead and operating expenses.

Three directors and one officer of the Company participated in the Offering acquiring, directly or

indirectly, an aggregate of 1,904,000 shares. Sandstorm Gold Limited has maintained its support for the

Company and acquired 1,200,000 shares.

All securities issued pursuant to the private placement will be subject to a four month hold period trading

restriction.

ON BEHALF OF THE BOARD OF DIRECTORS

AWALE RESOURCES LTD.

“Glen Parsons”

Glen Parsons, Director

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

Neither the 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. This news release does not constitute an offer to sell or a solicitation of an offer to

sell any securities in the United States. The securities have not been and will not be registered

under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state

securities laws and may not be offered or sold within the United States or to U.S. Persons unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption from

such registration is available.