Awalé Announces Closing of C$11.5 Million "Bought Deal" Private Placement of Units

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has closed the bought-deal private placement initially announced on April 17, 2024 (the "Offering"). The Company issued ‎‎18,549,500 ‎units ("Units") of the Company ‎(which includes ‎2,419,500 ‎Units issued pursuant to the exercise in full of the over-allotment ‎option) ‎at a price of C$0.62 per Unit for aggregate gross proceeds of $11,500,690‎. The Offering was underwritten by Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters").

Each Unit consists of one common share of the Company ("Common Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$0.80 per Common Share until May 8, 2026.

The net proceeds received from the Offering will be used to advance Awalé's projects in Côte d'Ivoire, as well as for working capital and general corporate purposes. In connection with ‎the Offering, the Company paid the Underwriters a cash commission equal to ‎‎6% of the gross ‎proceeds from the Offering. ‎

The Common Shares and the Warrants issued pursuant to the Offering, and any Common Shares ‎‎issued upon the exercise of Warrants, are subject to a hold period of four months plus one ‎day ‎from the date of closing of the Offering. Completion of the Offering is subject to certain ‎conditions ‎including, but not limited to, the receipt of all necessary regulatory approvals, including ‎ TSX ‎Venture Exchange (the "TSXV") final acceptance. ‎

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Awalé Resources

Awalé is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of Côte d'Ivoire. Awalé's exploration success to date has culminated in a fully funded earn-in Joint Venture with Newmont Ventures Limited covering one permit and one application (the "Odienné Project JV"), where four significant gold and gold-copper-silver-molybdenum discoveries have been made.

The Odienné Project JV is located within Awalé's greater Odienné Copper-Gold Project (the "Project") which consists of 2462 km² of tenure in the Northwest of Côte d'Ivoire. The Odienné Project JV consists of 400km² of granted tenure and 400km² under application, or approximately ⅓ of Awalé's total holding in the district. The Company announced 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole at the Charger Prospect and the discoveries have significant scope for growth and resource development. The Project has multiple pipeline prospects that have similar geochemical fingerprints to Iron Oxide Copper Gold (IOCG) and intrusive related mineral systems that offers significant potential for district scale discoveries.

ON BEHALF OF THE BOARD OF
Awale Resources Limited

"Andrew Chubb"

Andrew Chubb, CEO For additional information you are invited to visit the Awalé Resources Limited website at www.awaleresources.com, or contact Andrew Chubb CEO (+356) 99139117, a.chubb@awaleresources.com.

Forward-Looking Information

This news release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-Looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-Looking statements in this news release include but are not limited to statements regarding, expectations about the use of proceeds from the Offering and TSXV final acceptance‎. Although the Company believes any forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-Looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

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Awale Resources Limited ARIC:CA TSXV:ARIC Base Metals Investing

ARIC:CA

Awalé Resources Announces Board Changes

Awalé Resources (TSXV: ARIC) ("Awalé" or the "Company") is pleased to welcome two new members and the appointment of current member Stephen Stewart as Chair of the board of directors. Mr. Robin Birchall and Mr. Derk Hartman will be stepping down from their positions, allowing for Awalé to welcome Mr. Anthony Moreau and Mr. Karl Akueson as new directors.

Andrew Chubb, CEO of the Company, commented:

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Awalé Resources Announces Newmont Advances to Phase 2 of Earn-In on the Odienné Project JV

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company"), is pleased to announce Newmont has progressed to Phase 2 of the Earn-In agreement over the Odienné Joint Venture Project. This is a significant milestone that underscores the ongoing success and potential of the Odienné Gold-Copper Project through which Newmont could earn a further 14% interest (for a total 65% interest) via 10 million in exploration expenditure and defining a minimum 2 million ounce gold resource.

"This potential investment of up to 10 million USD in exploration expenditure from Newmont paired with our recent $11.5 million CAD equity financing puts Awale on solid footing to continue to deliver exploration success at the Odienné project," said Andrew Chubb, CEO of Awalé Resources.

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Awalé Announces Update for Shareholder Participation Right

Further to the news release of April 17, 2024, Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") announces further details and an increase regarding the participation right of its current shareholder. The shareholder has the right to maintain its percentage holding post offering. In order to account for the full ‎Underwritten Offering (including the Underwriter Option), a maximum of approximately 3,989,323 Units (as defined herein) at a price of $0.62 ‎per Unit may be issued to this shareholder for proceeds of approximately ‎‎$2,473,380, which is an increase of 1,021,403 ‎Units from the April 17, 2024 news release.‎ There is no assurance the shareholder will exercise the full participation right.‎ The Units are identical to those announced in the April 17, 2024 news release.

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AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

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Awalé Resumes Drilling at the Charger Prospect on the Odienné Project Joint Venture

Highlights:

New drill program is now underway at Charger following up on Awale's recent drill intercept of 26 g/t gold over 57m, including 45.7 g/t gold over 32m from 165m downhole
A second rig will soon commence drilling at the BBM Prospect to follow up on its 75m @ 2.4 g/t gold equivalent intercept
Drilling is fully funded by Newmont

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company"), is pleased to announce the commencement of a 3,000 metre diamond drilling program over the Charger Prospect at the Odienné project. The drilling is planned to follow up to the recently announced 26 gt gold over 57m, including 45.7 gt gold over 32m from 165m downhole in OEDD-83 at the Charger Prospect (see Awale news release March 25 2024). Additionally, a 4000m drill program for the BBM discovery (see Awale news releases January 11 2024 and March 18 2024) will commence with a second diamond drill rig in the ensuing weeks.

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VIZSLA COPPER PROVIDES CORPORATE UPDATE AND POPLAR COPPER-GOLD PROJECT STRATEGY UPDATE

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (" Vizsla Copper " or the " Company ") is pleased to announce the appointment of Craig Parry Executive Chairman, to the role of Chief Executive Officer (" CEO "), and further information on the newly acquired Poplar Project ( "Poplar" or the "Project" ). The Poplar Project is home to the Poplar Deposit (the "Deposit" ), a large porphyry-related copper-gold-molybdenum deposit that is one of the most advanced pre-production copper projects in British Columbia .

HIGHLIGHTS:

CEO. Craig Parry , Executive Chairman, has assumed the role of CEO.
Large, Gold-Rich Resource Base. The Project hosts a current undiluted indicated mineral resource of 152.3 million tonnes grading 0.32% copper, 0.009% molybdenum, 0.09 g/t gold and 2.58 g/t silver and an undiluted inferred mineral resource of 139.3 million tonnes grading 0.29% copper, 0.005% molybdenum, 0.07 g/t gold and 4.95 g/t silver.
Development Potential. The Poplar Deposit is a large, near-surface copper deposit that extends to the top of the bedrock and is covered only by a thin veneer (5- 10m thick) of overburden. It possesses a higher-grade core that also extends to the top of the bedrock and may be beneficial to phased mining scenarios.
Exploration Potential. Very little exploration drilling or ground geophysical surveying has been completed outside of the immediate Poplar deposit area, suggesting terrific potential for the discovery of additional porphyry-related mineralization.

" With the completion of the Universal Copper transaction, I look forward to taking a more active role in the Company's day-to-day operations " stated Craig Parry , Executive Chairman of the Company. " Since Vizsla Copper's inception, we've succeeded in adding multiple exciting development and exploration assets, and we're just getting started. Vizsla Copper is in a terrific position with the price of copper approaching $5 per pound and strong tailwinds continuing to dominate the sector."

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FPX Nickel Publishes Inaugural Sustainability Report

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the publication of its first and foundational Sustainability Report (the " Report "). The Report covers the period from 2021 to the present, a pivotal phase of Company growth and advancement of the flagship Baptiste Nickel Project (" Baptiste " or " the Project "). To align with escalating project development efforts during this period, FPX Nickel initiated an internal assessment of the Company's Environmental, Social, and Governance (" ESG ") performance in early 2022. The Report reflects the results of this assessment and provides an introduction to the sustainability initiatives FPX Nickel has implemented to date, as well as the commitments the Company has made for 2024.

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Canadian Critical Minerals Closes Financing

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has closed a financing, consisting of 2,008,648 units ("Units") priced at $0.05 per Unit for proceeds of $100,432 (the "Offering"). Each Unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into a common share at a price of $0.08 per share for a period of 24 months from the Offering.

All securities issued are subject to a statutory hold period that expires four months and one day from issuance.

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PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD's BOARD

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that Raymond Threlkeld Robert Chausse and Sandeep Singh will stand for election as directors at the Company's upcoming annual general and special meeting.

"We are extremely pleased that Mr. Threlkeld, Mr. Chausse and Mr. Singh have agreed to join our board," said Bill Williams , Interim Chairman of Western. "The expansion of the Western board reflects the growth and strategic initiatives of the Company as the Casino project moves into the next phase of its lifecycle. Their collective wealth of experience and technical, operational and financial acumen will be a strong complement to our Company."

Mr. Threlkeld is a seasoned mining professional with more than 30 years of experience in mineral exploration, mine operations and construction and executive management. Currently, he is a director of Calibre Mining Corp. and New Found Gold Corp. Most recently he was Chairman of Newmarket Gold and became a director of Kirkland Lake Gold upon the sale of Newmarket . In addition, Mr. Threlkeld was previously President and CEO of Rainy River Resources. From 1996 to 2004, Mr. Threlkeld held a variety of senior executive positions with Barrick Gold Corporation rising to the position of Vice President, Project Development. Among his accomplishments were the Pierina Mine in Peru , Bulyanhulu Mine in Tanzania , Veladero Mine in Argentina , Lagunas Norte Mine in Peru and the Cowel Mine in Australia . Mr. Threlkeld holds a B.Sc. degree in Geology from the University of Nevada .

Mr. Chausse is a proven leader with more than 25 years of international finance experience in mining who most recently served as CFO of New Gold Inc until his retirement. Currently, he is a director of Revival Gold Inc. Previously, Mr. Chausse served as CFO of Richmont Mines Inc., CFO at Stornoway Diamonds and EVP & CFO of AuRico Gold . His experience also includes VP of Finance, Operations and Projects for Kinross Gold and he held increasingly senior positions with Barrick Gold . Mr. Chausse is a Chartered Accountant and holds a Bachelor of Commerce degree from Toronto Metropolitan University.

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

SOURCE western copper and gold corporation

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Canadian Critical Minerals Provides Progress Report on Bull River Mine Project

Canadian Critical Minerals Inc. (TSXV: CCMI) is pleased to report that it has received additional revenues for the Company from the sale of stockpiled copper, gold and silver mineralized material at the Bull River Mine ("BRM") project near Cranbrook, BC. During the month of April 2024, the Company trucked 362 wet metric tonnes ("wmt") of mineralized material to New Afton and the Company received a provisional payment of approximately US$72,445 for the April shipments. The mineralized material sent to New Afton graded 2.96% Cu, 0.62 gt Au and 23.1 gt Ag.

The Company is using a Steinert KSS 100 X-Ray Transmissive Ore Sorter ("Ore Sorter") to pre-concentrate coarse mineralized material from a large surface stockpile at the BRM prior to transporting to New Afton for processing under an Ore Purchase Agreement ("OPA") (see press release dated October 5, 2023, on Sedar+). Road restrictions, that were imposed by the Ministry of Transportation and Infrastructure of British Columbia on February 24, 2024, to 70% of normal loads in the Cranbrook area, were finally removed on April 24, 2024. The Company has now resumed trucking operations.

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Hole	From	To	Width	Au g/t	Cu_%	Mo_ppm	Ag_ppm	East	North	RL	Azi	Dip	Hole Depth (m)
OEDD-78	NSV							647,661	1,032,245	477	15	-55	146.1
OEDD-79	NSV							647,641	1,032,480	483	155	-56	182.2
OEDD-82	29	30	1	4.8				647634	1032128	475	195	-56	110.3
and	91	92	1	0.5
OEDD0083	18	19	1	0.4	0.00	0.2	0.0	647787	1032400	476	193	-57	260.2
and	91	93	2	2.8	0.01	4.0	0.1
and	97	98	1	1.1	0.02	3.8	0.5
and	157	159	2	0.6	0.03	1.5	0.7
and	164	221	57	26.1	0.05	2.3	5.2
Including	165	197	32	45.7	0.08	2.3	8.5
Including	210	219	9	1.6	0.00	2.7	1.4
and	231	239	8	1.0	0.01	2.1	0.7
Including	232	236	4	1.7	0.01	2.3	1.0
and	257	260	3.2	1.3	0.01	3.2	0.2
Including	259	260.2	1.2	3.1	0.01	6.0	0.4

Rank	Hole ID	From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %	*CuL (%m)*
1	21-PC-131	2.20	435.00	432.80	0.42	0.011	0.15	1.80	0.58	183.32
	incl.	156.00	192.00	36.00	0.66	0.012	0.28	1.23	0.90
	incl.	242.00	270.00	28.00	0.67	0.012	0.27	3.41	0.92
2	21-PC-133	21.25	423.50	402.25	0.43	0.014	0.13	3.07	0.60	174.12
	incl.	253.25	294.50	41.25	0.94	0.018	0.23	4.06	1.19
3	19-PC-129	149.00	527.65	378.65	0.42	0.014	0.13	2.22	0.58	160.78
	incl.	397.00	452.82	55.82	0.54	0.019	0.14	2.18	0.72
	incl.	286.00	312.56	26.56	0.57	0.006	0.18	3.40	0.74
4	11-PC-88	11.79	361.00	349.21	0.41	0.020	0.12	2.62	0.59	143.92
	incl.	232.98	280.98	48.00	0.62	0.011	0.18	2.35	0.79
	incl.	166.98	187.98	21.00	0.55	0.018	0.15	1.21	0.73
5	18-PC-126	23.50	404.47	380.97	0.36	0.015	0.10	2.30	0.51	138.57
6	11-PC-84	24.99	402.88	377.89	0.36	0.012	0.10	1.74	0.48	134.85
7	11-PC-99	53.60	420.59	366.99	0.37	0.022	0.12	2.30	0.55	134.45
	incl.	340.57	379.57	39.00	0.69	0.036	0.31	0.89	1.03
8	PC-65	24.40	315.00	290.60	0.39	0.015	0.00	0.53	0.45	113.32
	incl.	36.00	78.00	42.00	0.58	0.005	0.01	0.76	0.61
9	PC-01	0.61	300.84	300.23	0.37	0.022	0.02	0.30	0.47	112.47
10	18-PC-127	8.50	270.36	261.86	0.42	0.013	0.11	2.66	0.56	110.97
	incl.	51.00	78.00	27.00	0.64	0.030	0.15	2.63	0.87

Notes:
1.	Composite intervals are calculated above 0.2% Cu (above 0.5% Cu for the included sub-intervals) and may include a maximum of 10m of internal waste,
2.	Copper equivalent values are based on metal prices of $4.00/lb Cu, $1,800/oz Au, $22/oz Ag and $15/lb Mo and an assumed 100% recovery.

Ag	silver
Au	gold
Au Eq.	Gold Equivalent
Cu	copper
Cu Eq.	Copper Equivalent
g/t	grams per tonne
km	kilometres
m	meters

Awalé Announces Closing of C$11.5 Million "Bought Deal" Private Placement of Units

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Overview

Company Highlights

Key Project

Odienné Project

Management Team

Andrew Chubb – CEO

Stephen Stewart - Chair of Board of Directors

Anthony Moreau – Director

Karl Akueson – Director

Charles Beaudry – Director

Andrew Smith – Chief Geologist

Sharon Cooper – CFO

Karl Akueson – Local Advisor

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