Kobo Resources Inc. announced the commencement of approximately 4,000 to 5,000 metres of diamond drilling as part of the first phase of the Company?s 2024 exploration program at its 100%-owned Kossou Gold Project (?Kossou?) located in Côte d'Ivoire, West Africa. The Company?s 2024 drill program is designed to follow up on results from its inaugural 2023 exploration program which identified multiple shear zones of gold mineralisation in three key targets with a combined strike length of over four kilometres. The Company?s 2023 exploration program consisted of 5,887 m (53 holes) of reverse circulation (?RC?) drilling and approximately 5,400 m (93 trenches) of trenching, which outlined significant gold mineralisation at the Jagger Zone, Road Cut Zone and Kadie Zone.

The Company has initiated its first phase of diamond drilling to gain further understanding of the detailed structural controls to gold mineralisation at Kossou as well as the association between the strong, through going N-S shear zones and the intersection of those structures with high-grade WNW-ESE and E-W quartz veins (?V2? veins) as documented by Dr. Ghislain Tourigny in the detailed structural report provided to the Company in October 2023. The Company?s structural report outlined a significant 300- to +400-meter-wide deformation and alteration zone mapped over a 3+ km strike extent south from the Road Cut Zone, situated in the hanging wall of a crustal scale first order fault identified as the Contact Zone Fault.

The study also indicates the system contains two styles of gold mineralisation including: a replacement style composed of disseminated sulphides and carbonates in highly silicified basalts and late quartz-carbonate veins that obliquely crosscut the silicified mineralisation and shear zones. Significant gold mineralisation occurs within both styles of mineralisation and further geological work indicates this structural corridor extends south through the Jagger Zone, over 3.5 kilometers, suggesting the presence of a significant mesothermal gold system at Kossou. The Road Cut Zone, Jagger Zone and Kadie Zone are believed to host similar structure and mineralising controls.

2024 Drill Program Overview ? First Phase: ·Jagger Zone: The Company is planning for approximately 1,200 m of drilling (5-6 holes) at the Jagger Zone, which represents the largest and strongest soil geochemical anomaly yet discovered at Kossou. The goal of the initial phase of diamond drilling at the Jagger Zone is to further confirm the structural interpretation of the zone.

In 2023, the Company completed a total of 25 RC drill holes for 3,164 m and has recorded broad zones of gold mineralisation within a N-S major shear structure with high-grade sections associated with a cross-cutting V2 vein system over a total strike extent of 1,400 m. Significant gold mineralisation was intersected in each hole drilled during the Company?s 2023 drill program, including key drill intercepts: KRC002: 20 m at 1.87 g/t Au, incl. 3 m at 6.28 g/t Au KRC011: 19 m at 2.03 g/t Au, incl. 6 m at 4.00 g/t Au KRC009: 48 m @ 1.03 g/t Au, incl.

15 m at 1.70 g/t Au Road Cut Zone: The Company is planning for approximately 2,400 m (15-16 holes) of drilling at the Road Cut Zone with a goal delineating the 500 m gap identified between KRC044 and KRC051 which is underlain by a strong gold soil geochemical anomaly and further defining the structural interpretation of the zone. The Company completed 1,699 m of RC drilling in 13 holes in 2023 and has defined broad zones of gold mineralisation with high-grade sections hosted within sheared and silicified volcanic units over a strike length of 850 m. Key drill intercepts from the 2023 RC drill program on the Road Cut Zone include: KRC044: 13 m at 2.10 g/t Au, incl. 2 m at 10.41 g/t Au KRC022: 9 m at 3.18 g/t Au, incl.

2 m at 8.38 g/t Au. Kadie Zone: The Company plans to drill approximately 1,400 metres (8-10 holes) at the Kadie Zone, undrilled geochemical anomaly. Previously completed infill soil sampling identified three strong S-E trending geochemical anomalies totaling a 1+ km strike length located just west of the main Jagger Zone with structural and lithological characteristics similar to those found at the prospective Jagger gold bearing shear zone.

Significant trench results previously reported include: KTR036: 22 m at 2.73 g/t Au, incl. 4 m at 12.92 g/t Au KTR063: 13 m at 2.80 g/t Au, incl. 1 m at 31.30 g/t Au · KTR065: 7 m at 4.78 g/t Au, incl.

1 m at 21.70 g/t Au Diamond drill holes at all targets will be oriented approximately 070o to better intersect the N-S shear zones and the high-grade V2 vein sets, which is now understood to contain significant gold within the system as identified from surface trenching and detailed mapping. Additional trenching, geological mapping and soil geochemistry will be completed throughout the Company?s 2024 drill program.