Kobo Resources Announces Closing of Non-Brokered Private
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PRESS RELEASE FEBRUARY 4, 2026
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE
UNITED STATES.
Kobo Resources Announces Closing of Non-Brokered Private
Placement with Drilling Services Provider
QUEBEC CITY, QC – Kobo Resources Inc. (“Kobo” or the “Company”) (TSX.V: KRI) is pleased to
announce that it has closed its previously announced non-brokered private placement of common shares
(the “Common Shares”) for gross proceeds of $287,491.80 (the “Offering”). Pursuant to the Offering,
Rockstone Drilling Inc., a drilling services provider that has supported the Company’s exploration activities
since 2023, has subscribed for 958,306 Common Shares at a price of $0.30 per Common Shares pursuant
to an exemption from the prospectus requirements in accordance with National Instrument 45-106 –
Prospectus Exemptions. The Common Shares are subject to a statutory hold period until June 4, 2026.
Edward Gosselin, CEO and Director of Kobo Resources, commented: “We appreciate the continued
support from Rockstone Drilling, who has been an important operational partner at Kossou since 2023.
Their participation in this financing reflects alignment with our ongoing exploration programs and provides
additional flexibility as we advance drilling activities in 2026.”
The Company intends to use the net proceeds of the Offering for general corporate and working capital
purposes.
The Common Shares have not been registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold to, or for the
account or benefit of, persons in the “United States” or “U.S. persons” (as such terms are defined in
Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all
applicable U.S. state securities laws or compliance with an exemption from such registration requirements.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the
securities laws of such jurisdiction.
About Kobo Resources Inc.
Kobo Resources is a growth-focused gold exploration company with a compelling gold discovery in Côte d'Ivoire, one
of West Africa’s most prolific 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.
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With over 29,000 metres of diamond drilling, nearly 5,887 metres of reverse circulation (RC) drilling, and 7,100+ metres
of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its
Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly
prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road
Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting
the stage for the next phase of systematic exploration and resource development.
Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position
in Côte d'Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains
committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective
gold regions of West Africa. 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.
For further information, please contact:
Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
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 may contain “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. 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, including statements related to
the exploration program of the Company. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable as at the date of this news release, 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; the inherent risks involved win the
exploration and development of mineral properties; unanticipated costs and expenses; the delay or failure to receive
board, shareholder or regulatory approvals; and other risk factors listed from time to time in our documents filed with
Canadian securities regulators on SEDAR+ at www.sedarplus.ca. 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.