Alaska Energy Metals Announces Shares For Debt Transaction And ATM Program Update

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

VANCOUVER, BC / ACCESS Newswire / October 9, 2025 / Alaska Energy Metals Corporation (TSXV:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") announces that it has entered into debt settlement agreements (the "Settlement Agreements") with certain insiders of the Company (the "Creditors") to settle an aggregate of $95,200 in debt (the "Debt") for services provided by the Creditors to the Company (the "Services"). In settlement and full satisfaction of the Debt in connection with the Services, the Company has agreed to issue to the Creditors an aggregate of 952,000 common shares in the capital of the Company (the "Debt Shares") at a deemed issue price of $0.10 per Debt Share (the "Debt Settlement").

The issuance of the Debt Shares is subject to receipt of TSX Venture Exchange ("TSX-V") approval. All Debt Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance of the Debt Shares in accordance with applicable securities legislation.

The issuance of the Debt Shares to the Creditors constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transaction ("MI 61-101") as the Creditors are directors and/or officers of the Company. The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the Debt Shares issued to the Creditors does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities.