Kobo Resources Inc. announced drill results from the first 11 drill holes as part of its ongoing 8,000 metre (?m?) reverse circulation (?RC?) drilling program at the Company?s 100% owned Kossou Gold Project (?Kossou?) located in Cote d?Ivoire, West Africa. To date, the Company has identified nearly 9.0 km of geochem anomalies and is drilling some of the key targets that it has prioritized to determine potential size and grade for future resource development. The drill results highlighted in this release are from drill holes: KRC001 through KRC011 and cover barely 200 meters in length on surface of the 1.8 km geochem anomaly identified at Jagger zone.

Additional high-grade gold mineralisation was identified in trench KTR030 at surface associated with the major north-south trending shear zone within the Jagger Zone anomaly. The Company anticipates announcing additional drill results as assays are made available over the coming weeks. The Company?s current drill program is being conducted directly adjacent to the Yaouré Gold Mine operated by Perseus Mining Inc. and its key targets are situated within five to seven kilometers of the Yaouré Mine gold processing facility.

More importantly, geological and structural controls and alteration styles present at the Yaouré Gold Mine are interpreted to occur within the Company?s key drill targets indicating mineralisation and alteration styles that are relatively similar. The Yaouré Gold Mine Measured and Indicated Resources total 2.4 million ounces at 1.39 g/t Au. This initial drilling has confirmed significant gold mineralisation, which represents one of a series of sub-parallel zones occurring in a documented 100 m wide shear zone.

Mineralisation is represented by quartz-carbonate veining and zones of silicification with disseminated pyrite hosted within mafic basalts. Broad zones of gold mineralisation above 1 g/t Au have been delineated in holes KRC008 (45 m) and KRC009 (48 m). The Jagger shear zone can be traced on surface over a distance of more than 1.8 kilometers and remains open to the north and south of the current drilled area, as well as at depth.

Further work is planned to investigate the expected plunge of the high-grade zones. The Company intends to continue with structural mapping and interpretation to guide future drilling campaigns., Drill results reported to date cover approximately 200 m of strike length extended along a structure that is interpreted to continue over 1,800 m. Drilling has intercepted significant gold mineralisation at depths of approximately 100 m below surface and remains open to the north, south and at depth. The 500+ m zone to the north of the reported drill area is highly prospective based on soil geochemistry, rock sampling and trench results completed by the Company.

Eleven drill holes were completed at the Jagger Zone for an aggregate of 1,682 m drilled. Significant gold mineralisation has been intersected in each hole drilled to date. As of Sunday, July 23, 2023, the Company has completed 32 holes for a total of 3,274 m. An accurate dip and strike and controls of mineralisation are unconfirmed at this time and the true width of mineralisation are unconfirmed at this time.

Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.