Alaska Energy Metals Announces Non-brokered Private Placement of Units and Debt Settlement Transaction

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VANCOUVER, BC / ACCESS Newswire / October 8, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") announces that, further to a price protection filed with the TSX Venture Exchange (the "TSXV") on October 6, 2025, it will proceed with a non-brokered private placement of up to 11,764,706 units of the Company (the "Units") at a price of $0.085 per Unit for aggregate gross proceeds of up to $1,000,000.

Each Unit to be issued under the Offering will be comprised of one common share in the capital of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional share (a "Warrant Share") at a price of $0.085 per Warrant Share for a period of 60 months from the closing date of the Offering.

The Company intends to use the net proceeds of the Offering to fund the exploration programs on its mineral properties and other general and working capital purposes.

The Company may pay finder's fees to eligible arm's length finders in accordance with the policies of the TSXV.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The Offering is not subject to a minimum aggregate amount of subscriptions. Closing of the Offering and the issuance of the Units are subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.

Debt Settlement

The Company also announces that it has entered into shares for debt agreements to settle debts totaling $599,408.70 with companies and individuals that have supplied services to the Company. The Company will issue a total of 5,994,087 common shares (the "Settlement Shares") at a deemed price of $0.10 per Settlement Share following receipt of acceptance of the TSX Venture Exchange to the debt settlement agreements. Of the amount being settled, 191,670 Settlement Shares will be issued to Non-Arm's Length Parties (as that term is defined in TSXV Policy 1.1) to settle $19,167 in debt.