Akwaaba Mining Ltd. Announces Correction to News Release

Vancouver, British Columbia--(Newsfile Corp. - October 13, 2023) - Akwaaba Mining Ltd. (TSXV: AML) ("Akwaaba" or the "Company") wishes to correct an error in its press release entitled "AKWAABA MINING LTD. ANNOUNCES SHARE CONSOLIDATION" issued October 13, 2023 (the "Consolidation Press Release").

The proposed effective date of the consolidation (the "Consolidation") of the Common Shares of the Company as was described in the Consolidation Press Release is to take effect on October 19, 2023 rather than October 18, 2023.

The completion of the Consolidation remains subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Akwaaba Mining Ltd.:

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

FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION

Except for statements of historical fact, this news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws. This release may contain 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. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. The Company does not assume the obligation to update any forward-looking statement, except as required by law. For more information on the Company, investors should review the Company's filings that are available at www.sedar.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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/183983