Akwaaba Mining Announces Successful Renewal of Prospecting License

Rhea-AI Summary

Akwaaba Mining (TSXV: AML) announced the successful renewal of its prospecting license for the Kunsu project in Ahafo Ano South District, Ashanti Region, Ghana. The license is renewed for 3 years to April 28, 2029, covering approximately 141 km2, enabling continued exploration and planned drilling.

The Minerals Commission of Ghana granted the renewal, and the company said it remains compliant with regulatory requirements and committed to responsible, sustainable exploration.

Positive

• Prospecting license renewed for 3 years through April 28, 2029
• License covers approximately 141 km2—one of the largest concessions in Ghana
• Renewal permits continuation and advancement of planned drilling programs
• Regulatory renewal reflects compliance with Minerals Commission requirements

Negative

• None.

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Vancouver, British Columbia--(Newsfile Corp. - May 4, 2026) - Akwaaba Mining Ltd. (TSXV: AML) ("Akwaaba" or the "Company") is pleased to announce the successful renewal of its prospecting license for the Kunsu project located in the Ahafo Ano South District of the Ashanti Region of Ghana, granted by the Minerals Commission of Ghana.

The renewed license for a period of 3 years until April 28, 2029, will allow the Company to continue exploration activities in the area.

The renewal reflects Akwaaba's compliance with all regulatory requirements and underscores the Company's commitment to responsible and sustainable exploration practices.

The prospecting license covers approximately 141km² one of the largest concessions in the country and is considered highly prospective for gold exploration.

"This renewal is a crucial milestone for the company, enabling us to continue advancing our exploration program and building on the positive results achieved to date while gold prices are achieving records after records," said Allan Green, CEO. 

With the license renewal secured, Akwaaba plans to advance drilling programs in line with its strategic objectives.

ABOUT AKWAABA MINING

Akwaaba Mining Ltd. is a Canadian-based junior exploration company focused on advancing greenfields and early stage gold projects.

On behalf of the Board of Akwaaba Mining Ltd.:

"Iyad Jarbou"
Chief Financial Officer
Tel: 604.362.7685
Email: iyad@akwaaba-mining.com

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

FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION

This release contains statements that are forward looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. For more information on the Company, Investors should review the Company's filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295801

FAQ

What does the Kunsu prospecting license renewal mean for Akwaaba Mining (TSXV: AML)?

It allows Akwaaba to continue exploration and advance drilling at Kunsu for three years. According to the company, the renewed license runs until April 28, 2029 and covers about 141 km2, enabling planned programs aligned with its strategic objectives.

How long is the renewed prospecting license for Akwaaba Mining's Kunsu project (TSXV: AML)?

The renewed prospecting license extends for three years, expiring April 28, 2029. According to the company, the Minerals Commission of Ghana granted the renewal, which permits exploration activities and subsequent drilling over the licensed area.

How large is the Kunsu concession covered by Akwaaba Mining's renewed license (TSXV: AML)?

The prospecting license covers approximately 141 km2, one of the largest concessions reported in the country. According to the company, this area is considered highly prospective for gold exploration and supports planned drilling efforts.

Will Akwaaba Mining (TSXV: AML) start drilling after the Kunsu license renewal?

Yes; the company plans to advance drilling programs now that the license is secured. According to the company, drilling will proceed in line with its strategic objectives and follow regulatory and sustainability commitments.

Who granted the Kunsu prospecting license renewal for Akwaaba Mining (TSXV: AML)?

The Minerals Commission of Ghana granted the renewal for the Kunsu prospecting license. According to the company, the decision confirms compliance with regulatory requirements and supports continued exploration through April 28, 2029.