AJN Resources Inc. Signs Non-Binding Term Sheet to Acquire 55% Indirect Interest in Giro Gold Project

Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that it has entered into a non-binding term sheet with Amani Consulting SARL (Amani Consulting), Giro Goldfields SARL (Giro Goldfields) and Mabanga Mining SARL (Mabanga) pursuant to which AJN can acquire a 55% indirect interest in the Giro Gold Project (Project).

The Giro Gold Project comprises two exploitation permits, Permis d'Exploitation (PE) 5046 and PE 5049, that cover a surface area of about 497km² and lies within the Kilo Moto Greenstone Belt in the Haute-Uele Province in the north-east of the Democratic Republic of the Congo (DRC), about 35km west of the Kibali Mine, a mine which produces more than 600,000 oz gold per annum¹.

Figure 1: Location of the Giro Gold Project (in orange).

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Klaus Eckhof, CEO of AJN, stated: "We are very pleased that after several years of discussions and negotiations, and having tried various approaches, we've finally been able to negotiate a non-binding term sheet to obtain an interest in the Giro Gold Project, which is a project we've always sought to acquire. Upon the intended closing of a purchase agreement, we would like to advance this Project as quickly as possible into production. We are also looking at other projects with significant resources as well as old gold mining areas. Our goal is to make AJN a significant player in the DRC gold sector."

The Giro Gold Project consists of two main deposits, the Kebigada and the Douze Match deposits, which demonstrate a similar style of mineralisation and structural setting as at the Kibali Deposit. 

Figure 2: Map² showing the geology and >30ppb gold-in-soil anomalies (red) at the Giro Gold Project.

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The Project area is underlain by highly prospective volcano-sedimentary lithologies in a similar structural and lithological setting to the Kibali gold deposits. Both primary and alluvial gold has been mined from two main areas, the Giro and Tora areas, during both the Belgian rule and today.

Kebigada Deposit:

Previous drilling at the Kebigada deposit has confirmed a "main zone" mineralisation that exists over 1.3km to 1.5km with widths of up to 350-400m and depths exceeding 300m. Mineralisation is strongly associated with silica flooding, quartz stringers and sulphides (pyrite and chalcopyrite). High grade mineralisation appears to be associated with east-west trending quartz stringers and pyrite/chalcopyrite laminae. Mineralisation has an apparent plunge to the north which highlights the underground potential.