Alaska Energy Metals Comments on Recent Promotional Activity Pursuant to OTC Markets’ Request

VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) announces that it has been requested by OTC Markets Group Inc. (“OTC Markets”) to issue this statement about promotional activity concerning its common shares traded on the OTCQB market (operated by OTC Markets).

On February 13, 2024, OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its common shares traded on the OTCQB Marketplace, including the distribution of five (5) newsletter emails published by Future Money Trends, Wealth Research Group, Portfolio Wealth Global, and Crush the Street discussing the Company, its business, and the battery metals and nickel market generally (collectively, the “Gold Standard Newsletters”).

On October 30, 2023, the Company entered into an advertising agreement with Gold Standard Media, LLC (“Gold Standard”), whereby Gold Standard, along with its affiliates, Future Money Trends LLC, Wealth Research Group LLC, Crush the Street, and Portfolio Wealth Global LLC (collectively, the “Gold Standard Affiliates”), would provide investor relations and advertising services to the Company. The Company was therefore aware of the Gold Standard Affiliates’ activities respecting the Company since October 30, 2023. Accordingly, the Gold Standard Newsletters were paid for by the Company through its engagement of Gold Standard.

With respect to other marketing services providers engaged by the Company within the last 12 months, commencing on approximately July 15, 2023, the Company launched a marketing and investor relations program to raise awareness about Company’s potential to uncover critical metals resources at its Nikolai nickel project in Alaska. The following is a list of the third-party providers (collectively, the “Service Providers”) engaged by the company to provide investor relations services, marketing, or other related services in the last twelve months. All listed contracts are active:

• Virtus Media Group, LLC. (DBA PB Alerts);
• 2686362 Ontario Corp (DBA Canacom or Deepdive);
• Apollo Shareholder Relations Ltd.;
• Triple Bull Consulting Inc. (DBA Momentum Letter);
• Super Charged Stocks Limited (DBA Market Mindset);
• Gold Standard Media, LLC;
• MMG Market Medium GmbH & Co.;
• Senergy Communications Capital Inc.;
• Energy & Gold Publishing Ltd. ;
• Final Edit Media and Public Relations Inc.;
• Canid Capital Corporation;
• Omni8 Communications Inc.;
• Junior Resource Investing.;
• Commodity Partners Inc.;
• Triomphe Holdings Ltd. (DBA Capital Analytica);
• Econ Corporate Services Inc. (DBA Investor Ideas); and
• Market Radius Capital Inc.