Akobo Minerals Publishes Official Annual Report 2024 and Production Update Ongoing

Oslo, 2 July 2025 – Akobo Minerals AB (Euronext Growth Oslo – AKOBO), the Scandinavian-based gold exploration and mining company with operations in Ethiopia, has today published its Official Annual Report for 2024. The report is now available on the company’s website:

Download the Annual Report 2024 (PDF)

While we await the results from the second batch of smelting related to June and May production, readers are invited to review our freshly released Annual Report. This upcoming smelting will add to the 7.1 kilograms of doré gold already produced from mid-May, and the 0.9 kilograms from the first half of May. Currently a total of 8 kilograms.

The 2024 report highlights a pivotal year for Akobo Minerals, marking our successful transition from exploration to gold production. Key developments include:

• First commercial gold production and sales from the Segele mine

• Formal mine opening by the Prime Minister of Ethiopia

• Ongoing underground development and infrastructure investment

• Strengthening of the team with key technical and operational hires

• Continued progress in ESG performance and community relations

Akobo Minerals remains focused on scaling up production and looks forward to sharing further results as smelting and processing continue.

For more information, contact

Jørgen Evjen, CEO, Akobo Minerals

Mob: (+47) 92 80 40 14

Mail: jorgen@akobominerals.com

LinkedIn: www.linkedin.com/company/akobominerals

Web: www.akobominerals.com

About Akobo Minerals

Akobo Minerals is a Scandinavian-based gold producer, currently holding an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. With over 15 years of active operations on the ground, the company has established a strong foothold in Ethiopian mining industry.

Akobo Minerals’ Segele mine has an Inferred and Indicated Mineral Resource of 68,000 ounces, yielding a world-class gold grade of 22.7 g/ton The mineralized zone remains open at depth, supporting future resource estimates and extending the mine’s life. The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area.

Akobo Minerals maintains strong relationships with local communities and government authorities, placing ESG principles at the core of its operations. The company’s commitment to sound ethics, transparency, and stakeholder engagement is evident through its industry-leading extended shared value program.

Akobo Minerals is ready to take on new opportunities and ventures as they arise. The company is uniquely positioned to become a major player in the future development of the very promising Ethiopian mining industry.

The company is headquartered in Oslo and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange under the ticker symbol AKOBO. For US investors, Akobo Minerals AB (OTC: AKOBF) is traded on the OTC Pink Market.

Akobo Minerals places great emphasis on meeting and exceeding industry standards, fully complying with all aspects of the JORC code, 2012. For detailed information on their adherence to this code, please refer to https://www.jorc.org/.

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