By: Akobo minerals

Oslo, Norway, 10 October 2025 – Akobo Minerals AB (publ) (“Akobo” or the “Company”) (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer operating in Ethiopia, provides the following operational update for September 2025.

Highlights

• Total doré gold production for Q3 2025 reached ~21,5 kg, marking the first quarter of positive EBITDA in the company’s 15-year history
• Doré gold production for September was ~6,5 kg, exceeding the monthly target of 5 kg
• Cumulative doré production to date has reached ~51,5 kg
• Record-high gold prices continue to support strong operational cash flow

Operational Developments

• New Operations Manager, Johnny Swanepoel, has initiated optimisation and fine-tuning of the processing plant
• Significant effort during September focused on cleaning and gold recovery from the plant
• Vertical shaft fabrication and detailed planning are progressing according to plan
• Mobilisation of heavy equipment has commenced
• Expert shaft-sinking team has been mobilised and is en route to site

Production continues to perform well, supported by consistent mining operations and stable plant performance.

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, the company is traded on the OTC Pink Market (OTC: AKOBF).

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/.