Vancouver, BC – October 28, 2026 – Waraba Gold Limited (CSE: WBGD · OTC: WARAF · FSE: ZE00) (“Waraba” or the “Company”) is pleased to announce the appointment of Mr. Gernot Wober, P.Geo, as Technical Advisor to the Company, effective immediately. Mr. Wober’s appointment adds world-class discovery experience to Waraba’s technical team as the Company advances its West African exploration portfolio and its vision to build a leading portfolio of high-value gold assets. Mr. Wober will also join the Company’s Technical Committee.

Mr. Wober is a highly accomplished geologist with more than 35 years of international experience in mineral exploration and project development. His technical expertise spans a wide range of deposit types, including orogenic gold systems, greenstone-hosted deposits, epithermal polymetallic vein systems and porphyry-related silver, copper and gold deposits. He has a strong track record of discovery, resource growth and technical leadership.

As Vice President, Exploration, Canada, at Osisko Mining Inc., Mr. Wober led exploration activities at the Windfall gold project and was instrumental in the discovery of the high-grade Lynx Zone. As Vice President, Exploration at Discovery Silver Corp., he played a key role in identifying and acquiring the Cordero silver deposit in Chihuahua, Mexico. Cordero was advanced from resource stage through feasibility to become one of the largest undeveloped silver projects globally. Most recently, Mr. Wober served as Vice President, Exploration at First Nordic Metals Corp., now Goldsky Resources Corp.

Earlier in his career, Mr. Wober served as Vice President, Exploration at Great Basin Gold Ltd., based in Johannesburg, South Africa, as Director of Site Operations at the Pebble Project in Alaska, and as Vice President, Exploration at Oban Mining Corp. He also held technical positions with Lac Minerals Ltd., Noranda Exploration Company Ltd., Taseko Mines Ltd. and Chevron Canada Resources Ltd. He holds a B.Sc. in Geology from the University of British Columbia.

Commenting on Mr. Wober’s appointment, Carl Esprey, Executive Chairman, Waraba Gold Limited, stated:

“Gernot has a proven record of turning early-stage targets into significant discoveries, most notably the Lynx Zone at Windfall. His experience with orogenic and greenstone-hosted gold systems is directly relevant to the Birimian terrain we are exploring in Côte d’Ivoire. He is a strong addition to our team as we move toward our first drill programmes.”

Mr. Wober’s appointment comes as Waraba advances its two flagship projects in Côte d’Ivoire. At Tengrela, trenching and auger work at the Fetiko target, announced on 24 September 2026, confirmed in-situ gold mineralisation within a gold-in-saprolite corridor of approximately 1.9 kilometres. A first-pass reverse circulation drill programme is now being designed. At Sirasso, in the Sénoufo greenstone belt, the Company is preparing to follow up NNE-trending structures with modern exploration methods.

“Waraba has assembled district-scale land positions in one of the most prospective and underexplored parts of the Birimian gold belt, backed by a team with genuine in-country expertise. Tengrela and Sirasso sit in the kind of orogenic gold setting I have worked in throughout my career, and the early results at Fetiko give the team a clear first target to test. I look forward to supporting the technical team as it designs and executes its drill programmes and advances these projects toward discovery,” said Gernot Wober, Technical Advisor to Waraba Gold Limited.

Commenting further, Mamadou Coulibaly, Chief Executive Officer of Waraba Gold Limited, stated:

“Gernot’s appointment strengthens our technical leadership at a pivotal moment for the Company. His experience in target generation, drill programme design and resource growth will be invaluable as we rank our targets, test them with the drill bit and build the data needed to advance toward resource definition.”

QUALIFIED PERSON

The scientific and technical information in this news release has been reviewed and approved by Benjamin Gelber, P.Geo., the Company’s Technical Director and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Gelber is not independent of the Company.

ABOUT WARABA GOLD

Waraba Gold is a gold exploration company focused on advancing high-potential projects in West Africa. The Company holds the Tengrela and Sirasso projects in northern Côte d’Ivoire, covering approximately 1,375 km² on completion of the proposed acquisition announced on October 26, 2026, and is committed to disciplined exploration and building long-term value through the discovery and development of district-scale gold systems. Waraba Gold trades on the CSE under the symbol WBGD, on the Frankfurt Stock Exchange under the symbol ZE00 and on the OTC Markets under the symbol WARAF.

Local Insight. Global Discipline. Discovery-Led Value.

ON BEHALF OF THE BOARD

INVESTOR CONTACT

+351 927 954 942   |   investors@warabagold.com   |   warabagold.com   |   X: @WarabaGold   |   LinkedIn: @WarabaGold

FORWARD-LOOKING INFORMATION

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, but are not limited to, statements regarding Mr. Wober’s contribution to the Company, the design and timing of drill programmes at Tengrela and Sirasso, and the advancement of the Company’s projects toward resource definition. Although Waraba Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy of this release.