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KRI.V ·

Kobo Resources Continues to Define its High-Grade Gold Targets at

Exploration Programs

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PRESS RELEASE JANUARY 30, 2025

Kobo Resources Continues to Define its High-Grade Gold Targets at

Kossou: 10.0 m at 4.57 g/t Au at the Road Cut Zone and 3.0 m at 6.17

g/t Au at the Jagger Zone

• Strong Gold Intercepts: 10.0 m at 4.57 g/t Au at the Road Cut Zone and 3.0 m at 6.17 g/t Au

at the Jagger Zone

• The Company has completed 9,282 m of diamond drilling to date and expects to surpass

its initial 10,000 m target in early February, with additional holes planned at the Road Cut

Zone before the completion of its drill program

• There will be a scheduled pause in drilling to assess recent drill results and refine

exploration plans ahead of the next diamond drill program, anticipated to commence in Q2

2025

QUEBEC CITY, QC – Kobo Resources Inc. ("Kobo” or the "Company") (TSX.V: KRI) is pleased to report

additional high-grade gold intercepts from the ongoing 10,000+ metre (“m”) diamond drill program at its

100%-owned Kossou Gold Project (“Kossou”) in Côte d’Ivoire. Notable intercepts include 10.0 m at 4.57

g/t Au at the Road Cut Zone and 3.0 m at 6.17 g/t Au at the Jagger Zone, reinforcing the high-grade strength

and continuity of these key gold targets.

With drilling now completed at the Jagger Zone, both drill rigs are now focused on completing the

Company’s drill program at the Road Cut and Contact Zones, further defining their structural and

mineralization potential.

Diamond Drill Results – Highlights:

Jagger Zone:

• KDD0054

o 3.0 m at 6.17 g/t Au from 282.0 m

Road Cut Zone:

• KDD0056

o 10.0 m at 4.57 g/t Au from 176.0 m

• KDD0057

o 4.0 m at 1.44 g/t Au from 149.0 m

• KDD0058

o 7.0 m at 2.04 g/t Au from 47.0 m, including 2.0 m at 6.52 g/t Au

o 1.0 m at 11.90 g/t Au from 91.0 m

o 10.0 m at 1.27* g/t Au from 161.0 m, including 3.0 m at 2.21 g/t Au

o 1.0 m at 10.80 g/t Au from 212.0 m

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• KDD0060

o 3.0 m at 3.54 g/t Au g/t from 134.0 m

Edward Gosselin, CEO and Director of Kobo commented: “These latest results further highlight the strong

gold potential at Kossou, with key intercepts reinforcing both grade continuity and scale at the Road Cut

and Jagger Zones. Notably, 10.0 m at 4.57 g/t Au at the Road Cut Zone and 3.0 m at 6.17 g/t Au at the

Jagger Zone continue to validate our geological model and support ongoing exploration efforts."

He continued: "As we near completion of our 10,000+ m drill program, our focus is shifting toward further

defining the Road Cut and Contact Zones in this final phase. Importantly, early results could suggest

geological similarities between the Road Cut and Jagger Zones, which merit further exploration to assess

potential structural connections between these high priority targets. We remain committed to systematically

advancing Kossou as a significant gold asset in Côte d’Ivoire and look forward to unlocking further value

through continued exploration in 2025.”

Jagger Zone

The final planned hole at the Jagger Zone, KDD0054, was drilled on section JZ450 (see Figure 2) to test

the down-dip extension of mineralization identified in a previous diamond drill hole KDD0044, which

returned 11.0 m at 3.78 g/t Au, 14.0 m at 1.14 g/t Au, including 5.0 m at 2.10 g/t Au and 8.0 m at 0.51

g/t Au near the bottom of the hole (see press release dated January 13, 2025).

• KDD0054 successfully intersected multiple north-south trending shear zones within the host

volcanics, demonstrating the variable nature of gold mineralization within the Jagger Shear.

KDD0054 returned 3.0 m at 6.17 g/t Au from 282.0 m, confirming mineralization continuity at

depth. This intercept correlates with the down-dip extension of the shear encountered in the

previously drilled KDD0040, which returned 2.0 m at 1.47 g/t Au.

The north-south shear structures can be effectively mapped in drill core, with the intensity of gold

mineralization related to the density of shear-parallel V1 veins and cross-cutting V2 vein sets. These

findings further support continued exploration targeting both the vertical and lateral extensions of the Jagger

Shear Zone. Full results are provided in Table 1.

Figure 1: Jagger Zone Diamond Drill Results and Collar Location Map

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Figure 2: Jagger Zone – Section JZ450 Simplified Geological Cross-Section

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Road Cut Zone

Diamond drill hole KDD0056, drilled on section RCZ800, targeted the down-dip extension of shear-hosted

gold mineralization beneath previously drilled KDD0011, which encountered multiple shear structures but

returned limited gold values (see press release July 11, 2024).

• KDD0056 successfully intersected multiple shear-hosted zones, returning 10.0 m at 4.57 g/t

Au from 176.0 m and 3.0 m at 1.60 g/t Au from 196.0 m;

• Results reaffirm the structural complexity and gold variability along shear planes,

demonstrating potential grade continuity at depth.

Figure 3: Road Cut Zone Diamond Drill Results and Collar Location Map

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Figure 4: Road Cut Zone – Section RCZ800 Simplified Geological Cross-Section

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Figure 5: Strong Alteration and Gold Mineralisation (10.0 m at 4.57 g/t Au) from Drill Hole KDD0056

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Diamond drill hole KDD0060, drilled on section RCZ900, targeted the down-dip extension of mineralized

shear zones intersected in KDD0018 (see press release July 18, 2024).

• KDD0060 successfully intersected multiple shear structures, highlighted by 3.0 m at 3.54 g/t

Au and a broader 8.0 m interval grading 0.81 g/t Au, with narrower 2+ g/t Au zones;

• The shear-hosted gold mineralization observed in KDD0060 correlates well with the mineralized

zones in KDD0018, reinforcing continuity along the shear corridor;

• This marks the most southerly drilled section at the Road Cut Zone to date, with

mineralization remaining open along strike.

The Company is conducting further structural and stratigraphic analysis to evaluate potential geological

relationships between the southern point of the Road Cut Zone and northern point of the Jagger

Zone, assessing whether a broader mineralized trend may extend between these two key targets.

Figure 6: Road Cut Zone – Section RCZ900 Simplified Geological Cross-Section

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Diamond drill hole KDD0058, drilled on section RCZ200, was drilled to follow up on mineralized trends

identified in reverse circulation (“RC”) drill holes KRC042 and KRC043 from 2023 (see press release

August 14, 2023). These historical RC drill holes, originally drilled on an azimuth of 090°, have been

projected onto the updated section for interpretation (see Figure 7).

• KDD0058 intersected multiple shear zones hosting gold mineralization, including 10.0 m at

1.27 g/t Au from 161.0 m downhole, reinforcing continuity within the Road Cut Zone;

• Notably, two narrow, high-grade east-west trending V2 quartz veins returned 1.0 m at 11.90

g/t Au from 91.0 m and 1.0 m at 10.80 g/t Au from 212.0 m, indicating a structurally complex gold

system with multiple mineralization controls;

• These high-grade veins were observed within relatively un-sheared volcanic units, underscoring

the need for further analysis to determine their relationship with the dominant north-south shear-

hosted gold mineralization that defines the broader Road Cut Zone.

Figure 7: Road Cut Zone – Section RC200 Simplified Geological Cross-Section