Oslo Norway, 26 August 2021. Participants in Akobo Minerals AB 2018 warrant program, now expiring the 31 August 2021, have on 26 August 2021 exercised warrants and subscribed for a total of 1,358,000 shares at a strike price of SEK 0.86. Following the registration of the new shares, the Company will have 2,677,000 outstanding shares under its warrant programs.

The following warrants were exercised by primary insiders:

• Kanoka Invest AS, a company controlled by CEO Jørgen Evjen, has subscribed for 440,000 shares

• Jørn Christiansen, board member, has subscribed for 220,000 shares

• Johan Sjøberg, Chief Exploration Manager, has subscribed for 220,000 shares

Primary insider notifications pursuant to the market abuse regulation article 19 are attached. This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 .